Richmond Mutual Bancorporation (RMBI) 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 15, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-38956
Entity Registrant Name	RICHMOND MUTUAL BANCORPORATION, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	36-4926041
Entity Address, Address Line One	31 North 9th Street
Entity Address, City or Town	Richmond
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47374
City Area Code	765
Local Phone Number	962-2581
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	RMBI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,544,923
Entity Central Index Key	0001767837
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 9,681,490	$ 7,782,348
Interest-bearing demand deposits	7,708,212	8,139,745
Cash and cash equivalents	17,389,702	15,922,093
Interest-bearing time deposits	490,000	490,000
Investment securities - available for sale	291,745,454	284,899,665
Investment securities - held to maturity	5,752,200	6,672,233
Loans held for sale	0	473,700
Loans and leases, net of allowance for credit losses of $15,495,419 and $12,413,035, respectively	989,116,525	961,690,677
Premises and equipment, net	13,493,206	13,668,496
Federal Home Loan Bank stock	10,082,200	9,947,300
Interest receivable	4,683,239	4,710,481
Mortgage-servicing rights	2,013,331	2,011,889
Cash surrender value of life insurance	3,696,493	3,674,499
Other assets	23,712,010	24,459,108
Total assets	1,362,174,360	1,328,620,141
Liabilities
Noninterest-bearing deposits	96,827,452	106,414,812
Interest-bearing deposits	933,207,011	898,845,958
Total deposits	1,030,034,463	1,005,260,770
Federal Home Loan Bank advances	183,500,000	180,000,000
Advances by borrowers for taxes and insurance	690,844	560,196
Interest payable	2,546,651	1,369,351
Other liabilities	9,256,126	8,451,521
Total liabilities	1,226,028,084	1,195,641,838
Commitments and Contingent Liabilities	0	0
Stockholders' Equity
Common stock, $0.01 par value	116,857	117,842
Additional paid-in capital	105,305,039	106,088,897
Retained earnings	86,314,805	88,715,782
Unearned employee stock ownership plan (ESOP)	(12,009,214)	(12,193,043)
Accumulated other comprehensive loss	(43,581,211)	(49,751,175)
Total stockholders' equity	136,146,276	132,978,303
Total liabilities and stockholders' equity	$ 1,362,174,360	$ 1,328,620,141

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets - Parenthetical - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses on loans and leases	$ 15,495,419	$ 12,413,035
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	90,000,000	90,000,000
Common stock, shares issued (in shares)	11,685,693	11,784,246
Common stock, shares outstanding (in shares)	11,685,693	11,784,246

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest Income
Loans and leases	$ 13,193,173	$ 10,265,959
Investment securities	1,934,072	1,668,651
Other	65,553	7,478
Total interest income	15,192,798	11,942,088
Interest Expense
Deposits	4,026,675	1,248,651
Borrowings	1,295,313	639,823
Total interest expense	5,321,988	1,888,474
Net Interest Income	9,870,810	10,053,614
Provision for credit losses	170,106	200,000
Net Interest Income After Provision for Credit Losses	9,700,704	9,853,614
Noninterest Income
Service charges on deposit accounts	280,995	234,545
Card fee income	287,258	277,770
Loan and lease servicing fees	120,072	27,868
Net gains on loan and lease sales	155,563	242,986
Gain on sale of other assets	1,921	0
Other income	250,915	332,193
Total noninterest income	1,096,724	1,115,362
Noninterest Expenses
Salaries and employee benefits	4,242,028	4,451,297
Net occupancy expenses	350,822	363,533
Equipment expenses	331,323	310,555
Data processing fees	836,513	658,915
Deposit insurance expense	168,000	81,000
Printing and office supplies	36,271	40,284
Legal and professional fees	310,976	347,500
Advertising expense	88,191	92,192
Bank service charges	48,619	29,801
Real estate owned expense	0	2,501
Other expenses	948,445	956,241
Total noninterest expenses	7,361,188	7,333,819
Income Before Income Tax Expense	3,436,240	3,635,157
Provision for income taxes	532,194	617,565
Net Income	$ 2,904,046	$ 3,017,592
Earnings Per Share
Basic (in USD per share)	$ 0.27	$ 0.27
Diluted (in USD per share)	$ 0.27	$ 0.26

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 2,904,046	$ 3,017,592
Other Comprehensive (Income) Loss
Unrealized gain (loss) on available-for-sale securities, net of tax of $(1,640,117), and $6,412,910, respectively.	6,169,964	(24,124,756)
Other comprehensive income, net of tax	6,169,964	(24,124,756)
Comprehensive Income (Loss)	$ 9,074,010	$ (21,107,164)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive (Loss) Income - Parenthetical - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Available for sale securities income tax expense (benefit)	$ (1,640,117)	$ 6,412,910

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Impact of adopting ASC 326	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Impact of adopting ASC 326	Unearned ESOP Shares	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2021			12,400,195
Beginning balance at Dec. 31, 2021	$ 180,481,335		$ 124,002	$ 114,339,810	$ 80,157,893		$ (12,928,359)	$ (1,212,011)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,017,592				3,017,592
Other comprehensive income (loss)	(24,124,756)							(24,124,756)
ESOP shares earned	226,121			42,292			183,829
Stock based compensation	379,421			379,421
Common stock dividends	(1,137,990)				(1,137,990)
Repurchase of common stock (in shares)			(90,191)
Repurchase of common stock	(1,499,008)		$ (902)	(1,498,106)
Ending balance (in shares) at Mar. 31, 2022			12,310,004
Ending balance at Mar. 31, 2022	$ 157,342,715		$ 123,100	113,263,417	82,037,495		(12,744,530)	(25,336,767)
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13
Beginning balance (in shares) at Dec. 31, 2021			12,400,195
Beginning balance at Dec. 31, 2021	$ 180,481,335		$ 124,002	114,339,810	80,157,893		(12,928,359)	(1,212,011)
Ending balance (in shares) at Dec. 31, 2022			11,784,246
Ending balance at Dec. 31, 2022	132,978,303	$ (3,785,168)	$ 117,842	106,088,897	88,715,782	$ (3,785,168)	(12,193,043)	(49,751,175)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,904,046				2,904,046
Other comprehensive income (loss)	6,169,964							6,169,964
ESOP shares earned	170,511			(13,318)			183,829
Stock based compensation	379,408			379,408
Common stock dividends	(1,519,855)				(1,519,855)
Repurchase of common stock (in shares)			(98,553)
Repurchase of common stock	(1,150,933)		$ (985)	(1,149,948)
Ending balance (in shares) at Mar. 31, 2023			11,685,693
Ending balance at Mar. 31, 2023	$ 136,146,276		$ 116,857	$ 105,305,039	$ 86,314,805		$ (12,009,214)	$ (43,581,211)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity - (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common stock dividend (in USD per share)	$ 0.14	$ 0.10

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Activities
Net income	$ 2,904,046	$ 3,017,592
Items not requiring (providing) cash
Provision for credit losses	170,106	200,000
Depreciation and amortization	261,665	265,213
Deferred income tax	(88,482)	(72,711)
Stock based compensation	379,408	379,421
Investment securities amortization, net	296,954	451,165
Net gains on loan and lease sales	(155,563)	(242,986)
Gain on sale of real estate owned	(1,921)	0
Gain on sale of premises and equipment	(1,800)	0
Accretion of loan origination fees	(283,473)	(460,332)
Amortization of mortgage-servicing rights	39,558	40,748
ESOP shares expense	170,511	226,121
Increase in cash surrender value of life insurance	(21,994)	(21,659)
Loans originated for sale	(6,067,122)	(10,784,144)
Proceeds on loans sold	5,593,422	10,809,644
Net change in
Interest receivable	27,242	111,013
Other assets	757,505	(274,611)
Other liabilities	(1,569,371)	204,264
Interest payable	1,177,300	31,808
Net cash provided by operating activities	3,587,991	3,880,546
Investing Activities
Purchases of securities available for sale	(7,097,933)	(12,357,092)
Proceeds from maturities and paydowns of securities available for sale	7,766,832	12,061,563
Proceeds from maturities and paydowns of securities held to maturity	918,473	891,488
Net change in loans	(29,281,218)	(16,824,787)
Proceeds from sales of real estate owned	59,386	0
Purchases of premises and equipment	(86,375)	(63,778)
Proceeds from sale of premises and equipment	1,800	0
(Purchase) Proceeds from sale of FHLB stock	(134,900)	211,500
Net cash used in investing activities	(27,853,935)	(16,081,106)
Net change in
Demand and savings deposits	(23,878,107)	23,120,244
Certificates of deposit	48,651,800	(13,800,382)
Advances by borrowers for taxes and insurance	130,648	55,517
Proceeds from FHLB advances	179,500,000	15,000,000
Repayment of FHLB advances	(176,000,000)	(13,000,000)
Repurchase of common stock	(1,150,933)	(1,499,008)
Dividends paid	(1,519,855)	(1,137,990)
Net cash provided by financing activities	25,733,553	8,738,381
Net Change in Cash and Cash Equivalents	1,467,609	(3,462,179)
Cash and Cash Equivalents, Beginning of Period	15,922,093	23,038,145
Cash and Cash Equivalents, End of Period	17,389,702	19,575,966
Additional Cash Flows and Supplementary Information
Interest paid	4,144,688	1,856,666
Transfers from loans to other real estate owned	$ 366,508	$ 58,500

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial information is unaudited and has been prepared from the consolidated financial statements of Richmond Mutual Bancorporation, Inc., and its wholly owned direct and indirect subsidiaries, First Bank Richmond, First Insurance Management, Inc., FB Richmond Holdings, Inc. and FB Richmond Properties, Inc. References in this document to Richmond Mutual Bancorporation refer to Richmond Mutual Bancorporation, Inc. References to “we,” “us,” and “our” or the “Company” refers to Richmond Mutual Bancorporation and its wholly-owned direct and indirect subsidiaries, First Bank Richmond, First Insurance Management, Inc., FB Richmond Holdings, Inc., and FB Richmond Properties, Inc. unless the context otherwise requires. First Bank Richmond is an Indiana state-chartered commercial bank headquartered in Richmond, Indiana and the wholly owned banking subsidiary of Richmond Mutual Bancorporation. First Bank Richmond provides full banking services through its seven full- and one limited-service offices located in Cambridge City (1), Centerville (1), Richmond (5) and Shelbyville (1), Indiana, its five full-service offices located in Piqua (2), Sidney (2) and Troy (1), Ohio, and its loan production office in Columbus, Ohio. Administrative, trust and wealth management services are conducted through First Bank Richmond's Corporate Office/Financial Center located in Richmond, Indiana. As an Indiana-chartered commercial bank, First Bank Richmond is subject to regulation by the IDFI and the FDIC. First Insurance Management, Inc., a wholly-owned subsidiary of the Company which was formed and began operations in June 2022, is a Nevada-based captive insurance company that insures against certain risks unique to the operations of the Company and its subsidiaries and for which insurance may not be currently available or economically feasible in today's insurance marketplace. First Insurance Management, Inc. is subject to the regulations of the State of Nevada and undergoes periodic examinations by the Nevada Division of Insurance. FB Richmond Holdings, Inc., a wholly-owned subsidiary of First Bank Richmond which was formed and began operations in April 2020, is a Nevada corporation that holds and manages substantially all of First Bank Richmond's investment portfolio. FB Richmond Holdings, Inc. has one active subsidiary, FB Richmond Properties, Inc., a Delaware corporation which holds loans on behalf of the Bank. The accompanying unaudited condensed consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include information or note disclosures necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. Accordingly, these financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”) on March 31, 2023 (SEC File No. 001-38956). However, in the opinion of management, all adjustments which are necessary for a fair presentation of the consolidated financial statements have been included. Those adjustments consist only of normal recurring adjustments. The results of operations for the period are not necessarily indicative of the results to be expected for the full year. Use of Estimates in Preparation of Financial Statements Financial statements prepared in accordance with generally accepted accounting principles in the United States ("GAAP") require the Company 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 income and expense during the reporting period. Actual results could differ from those estimates. Loans For all loan classes, the accrual of interest is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. For all loan classes, the entire balance of the loan is considered past due if the minimum payment contractually required to be paid is not received by the contractual due date. For all loan classes, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. The Company charges off residential and consumer loans, or portions thereof, when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance, which provides for the charge-down of 1-4 family first and junior lien mortgages to the net realizable value, less costs to sell when the loan is 120 days past due, charge-off of unsecured open-end loans when the loan is 90 days past due, and charge down to the net realizable value when other secured loans are 90 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. For all classes, all interest accrued but not collected for loans that are 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. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. On occasion, the Company will provide modifications to loans and leases to borrowers experiencing financial difficulty, by providing payment delays, term extensions, or interest-rate reductions. In some cases, combinations of modifications may be made to the same loan or lease. If determined that the value of the modified loan or lease is less than the recorded investment in the loan, a charge-off is recognized to the allowance for credit losses on loans and leases.

Accounting Pronouncements

Accounting Pronouncements	3 Months Ended
	Mar. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Accounting Pronouncements	Accounting Pronouncements The Jumpstart Our Business Startups Act (the "JOBS Act"), which was enacted in April 2012, has made numerous changes to the federal securities laws to facilitate access to capital markets. Under the JOBS Act, a company with total annual gross revenues of less than $1.07 billion during its most recently completed fiscal year qualifies as an “emerging growth company.” The Company qualifies as and has elected to be an emerging growth company under the JOBS Act. An emerging growth company may elect to comply with new or amended accounting pronouncements in the same manner as a private company, but must make such election when the company is first required to file a registration statement. Such an election is irrevocable during the period a company is an emerging growth company. The Company has elected to comply with new or amended accounting pronouncements in the same manner as a private company. In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments-Credit Losses (Topic 326) . The ASU is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In May 2019, the FASB issued ASU No. 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief . This ASU provides transition relief for entities adopting the FASB’s credit losses standard, ASU 2016-13 and allows companies to irrevocably elect, upon adoption of ASU 2016-13, the fair value option for certain financial instruments. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments . ASU No. 2019-04 clarifies certain aspects of accounting for credit losses, hedging activities, and financial instruments. In October 2019, the FASB voted to extend the implementation of ASU No. 2016-13 for certain financial institutions including smaller reporting companies. As a result, ASU 2016-13 became effective for the Company for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. The Company adopted ASU No. 2016-13 on January 1, 2023. As a result of the change in methodology from the incurred loss methodology to the current expected credit loss methodology ("CECL"), the Company recorded a one-time cumulative-effect adjustment of $2.0 million from retained earnings, net of tax, into the allowance for credit losses on loans and leases. The allowance increased $2.7 million, or 21.5%, on January 1, 2023 from December 31, 2022 as a result of adoption. Additionally, as a part of CECL adoption, the Company established an allowance for credit losses on off-balance sheet commitments by recording a one-time adjustment of $1.8 million from retained earnings, net of tax, into the allowance for credit losses on off-balance sheet commitments. As of January 1, 2023, this allowance totaled $2.4 million, as compared to no allowance at December 31, 2022. This allowance is reported in other liabilities on the Condensed Consolidated Balance Sheets. In March 2022 the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures . The ASU eliminates the accounting guidance for troubled debt restructured loans (“TDRs”) by creditors while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, the ASU requires public business entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. This ASU became effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, upon the Company’s adoption of the amendments in ASU 2016-13, which is commonly referred to as the current expected credit loss methodology. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows: March 31, 2023 Amortized Gross Gross Fair Available for sale U.S. treasury securities $ 3,490 $ — $ 24 $ 3,466 SBA Pools 6,282 1 564 5,719 Federal agencies 15,000 — 2,049 12,951 State and municipal obligations 170,379 18 29,135 141,262 Mortgage-backed securities - government-sponsored enterprises (GSE) residential 140,260 — 21,491 118,769 Corporate obligations 11,500 — 1,922 9,578 346,911 19 55,185 291,745 Held to maturity State and municipal obligations 5,752 19 51 5,720 5,752 19 51 5,720 Total investment securities $ 352,663 $ 38 $ 55,236 $ 297,465 December 31, 2022 Amortized Gross Gross Fair Available for sale U.S. treasury securities $ 3,487 $ — $ 27 $ 3,460 SBA Pools 6,768 1 634 6,135 Federal agencies 15,000 — 2,352 12,648 State and municipal obligations 171,495 4 34,457 137,042 Mortgage-backed securities - government-sponsored enterprises (GSE) residential 139,626 — 23,644 115,982 Corporate obligations 11,500 — 1,867 9,633 347,876 5 62,981 284,900 Held to maturity State and municipal obligations 6,672 17 112 6,577 6,672 17 112 6,577 Total investment securities $ 354,548 $ 22 $ 63,093 $ 291,477 The amortized cost and fair value of securities at March 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Held to Maturity Amortized Fair Amortized Fair Within one year $ 2,819 $ 2,805 $ 485 $ 485 One to five years 16,507 15,552 3,462 3,436 Five to ten years 42,168 38,412 915 926 After ten years 145,157 116,207 890 873 206,651 172,976 5,752 5,720 Mortgage-backed securities –GSE residential 140,260 118,769 — — Totals $ 346,911 $ 291,745 $ 5,752 $ 5,720 Securities with a carrying value of $142,062,000 and $134,302,000 were pledged at March 31, 2023 and December 31, 2022, respectively, to secure certain deposits and for other purposes as permitted or required by law. There were no sales of securities available for sale for the three months ended March 31, 2023 and 2022. Certain investments in debt securities, as reflected in the table below, are reported in the condensed consolidated financial statements and notes at an amount less than their historical cost. Total fair value of these investments at March 31, 2023 and December 31, 2022 was $294,926,000 and $288,846,000, respectively, which is approximately 99% and 99% of the Company’s aggregated available-for-sale and held-to-maturity investment portfolio at those dates, respectively. These declines primarily resulted from changes in market interest rates since their purchase. Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary. The Company does not consider available-for-sale securities with unrealized losses to be experiencing credit losses at March 31, 2023, and therefore recognized no resulting allowance for credit losses. Management considers it more likely than not that the Company will not be required to sell these investments before recovery of the amortized cost basis, which may be the maturity dates of the securities. Held to maturity securities are financial assets measured at amortized cost. With the adoption of CECL, held to maturity securities are required to have an established allowance for credit losses that represents the portion of the amortized cost basis of a financial asset that is not expected to be collectable. The Company estimates expected credit losses on a collective basis by security type, with consideration given to historical information, credit ratings, and the statistical probability of future losses. The Company monitors the credit quality of investment securities held to maturity through the use of credit ratings quarterly. As of March 31, 2023, there was no allowance for credit losses recognized on the Company's held to maturity investment portfolio. The following table summarizes the amortized cost of held to maturity investment securities by credit quality indicator, as of March 31, 2023: State and municipal obligations AA+ $ 1,177 AA 690 AA- 584 A+ 854 BBB+ 122 Not rated 2,325 $ 5,752 The Company has elected to exclude accrued interest receivable from the calculation of the allowance for credit losses. The following tables show the Company’s investments by gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2023 and December 31, 2022: Description of March 31, 2023 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale U.S. Treasury Securities $ 3,466 $ 24 $ — $ — $ 3,466 $ 24 SBA Pools — — 5,187 564 5,187 564 Federal agencies — — 12,951 2,049 12,951 2,049 State and municipal obligations 8,650 338 129,460 28,797 138,110 29,135 Mortgage-backed securities - GSE residential 5,481 118 116,594 21,373 122,075 21,491 Corporate obligations 2,410 340 7,168 1,582 9,578 1,922 Total available-for-sale 20,007 820 271,360 54,365 291,367 55,185 Held-to-maturity State and municipal obligations 3,101 37 458 14 3,559 51 Total impaired securities $ 23,108 $ 857 $ 271,818 $ 54,379 $ 294,926 $ 55,236 Description of December 31, 2022 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale U.S. Treasury securities $ 3,460 $ 27 $ — $ — $ 3,460 $ 27 SBA Pools 1,237 145 4,234 489 5,471 634 Federal agencies — — 12,648 2,352 12,648 2,352 State and municipal obligations 76,986 11,825 59,257 22,632 136,243 34,457 Mortgage-backed securities - GSE residential 32,446 3,440 83,537 20,204 115,983 23,644 Corporate obligations 7,044 1,456 2,589 411 9,633 1,867 Total available-for-sale 121,173 16,893 162,265 46,088 283,438 62,981 Held-to-maturity State and municipal obligations 4,995 108 413 4 5,408 112 Total impaired securities $ 126,168 $ 17,001 $ 162,678 $ 46,092 $ 288,846 $ 63,093 Federal Agency Obligations. The unrealized losses on the Company’s investments in direct obligations of U.S. federal agencies were caused by interest rate changes. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. The Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost basis, which may be maturity. SBA Pools and Mortgage-Backed Securities - GSE Residential. The unrealized losses on the Company’s investment in mortgage-backed securities and SBA pools were caused by interest rate changes. The Company expects to recover the amortized cost basis over the term of the securities. The decline in fair value is attributable to changes in interest rates and not credit quality, and the Company does not intend to sell the investments. It is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost basis, which may be maturity.

Loans, Leases and Allowance

Loans, Leases and Allowance	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Loans, Leases and Allowance	Loans, Leases and Allowance The following table shows the composition of the loan and lease portfolio at March 31, 2023 and December 31, 2022: March 31, December 31, Commercial mortgage $ 321,314 $ 298,087 Commercial and industrial 97,880 100,420 Construction and development 125,521 139,923 Multi-family 132,407 124,914 Residential mortgage 152,376 146,129 Home equity lines of credit 10,923 11,010 Direct financing leases 143,281 133,469 Consumer 21,604 21,048 1,005,306 975,000 Less Allowance for credit losses on loans and leases 15,495 12,413 Deferred loan fees 694 896 $ 989,117 $ 961,691 The Company rates all loans and leases by credit quality using the following designations: Grade 1 – Exceptional Exceptional loans and leases are top-quality loans to individuals whose financial credentials are well known to the Company. These loans and leases have excellent sources of repayment, are well documented and/or virtually free of risk (i.e., CD secured loans). Grade 2 – Quality Loans and Leases These loans and leases have excellent sources of repayment with no identifiable risk of collection, and they conform in all respects to Company policy and Indiana Department of Financial Institutions (“IDFI”) and Federal Deposit Insurance Corporation (“FDIC”) regulations. Documentation exceptions are minimal or are in the process of being corrected and are not of a type that could subsequently expose the Company to risk of loss. Grade 3 – Acceptable Loans This category is for “average” quality loans and leases. These loans and leases have adequate sources of repayment with little identifiable risk of collection and they conform to Company policy and IDFI/FDIC regulations. Grade 4 – Acceptable but Monitored Loans and leases in this category may have a greater than average risk due to financial weakness or uncertainty but do not appear to require classification as special mention or substandard loans. Loans and leases rated “4” need to be monitored on a regular basis to ascertain that the reasons for placing them in this category do not advance or worsen. Grade 5 – Special Mention Loans and leases in this category have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or lease or in the Company’s credit position at some future date. Special Mention loans and leases are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. This special mention rating is designed to identify a specific level of risk and concern about an asset’s quality. Although a special mention loan or leases has a higher probability of default than a pass rated loan or lease, its default is not imminent. Grade 6 – Substandard Loans and leases in this category are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans and leases so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Substandard loans and leases have a high probability of payment default, or they have other well-defined weaknesses. Such loans and leases have a distinct potential for loss; however, an individual loan’s or lease’s potential for loss does not have to be distinct for the loan or lease to be rated substandard. The following are examples of situations that might cause a loan or lease to be graded a “6”: • Cash flow deficiencies (losses) jeopardize future loan or lease payments. • Sale of non-collateral assets has become a primary source of loan or lease repayment. • The relationship has deteriorated to the point that sale of collateral is now the Company’s primary source of repayment, unless this was the original source of loan or lease repayment. • The borrower is bankrupt or for any other reason future repayment is dependent on court action. Grade 7 – Doubtful A loan or lease classified as doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable. A doubtful loan or lease has a high probability of total or substantial loss. Doubtful borrowers are usually in default, lack adequate liquidity or capital, and lack the resources necessary to remain an operating entity. Because of high probability of loss, nonaccrual accounting treatment will be required for doubtful loans and leases. Grade 8 – Loss Loans and leases classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan or lease has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan or lease even though partial recovery may be effected in the future. No material changes have been made to the risk characteristics discussed above contained in the Company's 2022 Form 10-K. The following tables present the credit risk profile of the Company’s loan and lease portfolio based on rating category, payment activity, and origination year as of March 31, 2023 and rating category as of December 31, 2022: 2023 2022 2021 2020 2019 Prior Revolving loans amortized cost basis Total As of March 31, 2023: Commercial mortgage Pass $ 9,702 $ 74,237 $ 74,185 $ 30,209 $ 47,339 $ 70,727 $ 13,473 $ 319,872 Special Mention — — — — — 892 — 892 Substandard — — — — — 550 — 550 Total Commercial mortgage 9,702 74,237 74,185 30,209 47,339 72,169 13,473 321,314 Current period gross charge-offs — — — — — — — — Commercial and industrial Pass 9,681 14,760 20,937 6,186 1,976 12,421 24,892 90,853 Special Mention — 29 125 — — 1,689 525 2,368 Substandard — — — 589 — 215 3,855 4,659 Total Commercial and industrial 9,681 14,789 21,062 6,775 1,976 14,325 29,272 97,880 Current period gross charge-offs — — — — — — — — Construction and development Pass 7,171 44,858 25,365 11,453 564 976 30,234 120,621 Substandard — — — — 4,900 — — 4,900 Total Construction and development 7,171 44,858 25,365 11,453 5,464 976 30,234 125,521 Current period gross charge-offs — — — — — — — — Multi-family Pass 2,052 37,528 34,853 6,761 7,485 18,841 24,887 132,407 Total Multi-family 2,052 37,528 34,853 6,761 7,485 18,841 24,887 132,407 Current period gross charge-offs — — — — — — — — Residential mortgage Pass 9,885 35,313 38,193 17,458 9,300 40,436 — 150,585 Substandard — — — — 150 1,641 — 1,791 Total Residential mortgage 9,885 35,313 38,193 17,458 9,450 42,077 — 152,376 Current period gross charge-offs — — — — — — — — Home equity Pass 12 — 295 — — — 10,588 10,895 Substandard — — — — — — 28 28 Total Home equity lines of credit 12 — 295 — — — 10,616 10,923 Current period gross charge-offs — — — — — — — — Direct financing leases Pass 24,622 54,890 36,552 17,619 7,199 2,237 — 143,119 Substandard — — 139 17 — — — 156 Doubtful — — — — 6 — — 6 Total Direct financing leases 24,622 54,890 36,691 17,636 7,205 2,237 — 143,281 Current period gross charge-offs — — 80 5 — — — 85 Consumer Pass 2,853 10,972 5,265 1,256 763 468 — 21,577 Substandard — 5 13 — 8 1 — 27 Total Consumer 2,853 10,977 5,278 1,256 771 469 — 21,604 Current period gross charge-offs 7 19 17 — 1 — — 44 Total Loans and Leases $ 65,978 $ 272,592 $ 235,922 $ 91,548 $ 79,690 $ 151,094 $ 108,482 $ 1,005,306 Total current period gross charge-offs $ 7 $ 19 $ 97 $ 5 $ 1 $ — $ — $ 129 For the three months ended March 31, 2023, the Company did not have any revolving loans convert to term loans. Pass Special Mention Substandard Doubtful Loss Total As of December 31, 2022: Commercial mortgage $ 296,253 $ 1,277 $ 557 $ — $ — $ 298,087 Commercial and industrial 92,620 2,605 5,195 — — 100,420 Construction and development 135,023 — 4,900 — — 139,923 Multi-family 124,914 — — — — 124,914 Residential mortgage 144,190 — 1,939 — — 146,129 Home equity 10,958 — 52 — — 11,010 Direct financing leases 133,254 152 34 29 — 133,469 Consumer 21,015 — 33 — — 21,048 Total $ 958,227 $ 4,034 $ 12,710 $ 29 $ — $ 975,000 The following tables present the Company’s loan and lease portfolio aging analysis of the recorded investment in loans and leases as of March 31, 2023 and December 31, 2022: March 31, 2023 Delinquent Loans and Leases Current Total Total Loans 30-59 Days 60-89 Days 90 Days and Total Past Commercial mortgage $ 25 $ — $ — $ 25 $ 321,289 $ 321,314 $ — Commercial and industrial 5 147 3,120 3,272 94,608 97,880 1,284 Construction and development — — 4,900 4,900 120,621 125,521 — Multi-family — — — — 132,407 132,407 — Residential mortgage 148 37 1,791 1,976 150,400 152,376 1,679 Home equity 200 — 9 209 10,714 10,923 9 Direct financing leases 488 93 7 588 142,693 143,281 7 Consumer 116 104 27 247 21,357 21,604 27 Totals $ 982 $ 381 $ 9,854 $ 11,217 $ 994,089 $ 1,005,306 $ 3,006 December 31, 2022 Delinquent Loans and Leases Current Total Total Loans 30-59 Days 60-89 Days 90 Days and Total Past Commercial mortgage $ 26 $ — $ — $ 26 $ 298,061 $ 298,087 $ — Commercial and industrial — — 2,202 2,202 98,218 100,420 1,285 Construction and development — — 4,900 4,900 135,023 139,923 — Multi-family — — — — 124,914 124,914 — Residential mortgage 272 129 1,938 2,339 143,790 146,129 1,825 Home equity — — 30 30 10,980 11,010 30 Direct financing leases 204 25 — 229 133,240 133,469 — Consumer 171 59 33 263 20,785 21,048 33 Totals $ 673 $ 213 $ 9,103 $ 9,989 $ 965,011 $ 975,000 $ 3,173 The following table presents information on the Company’s nonaccrual loans and leases at and for the three months ended March 31, 2023, and at December 31, 2022: March 31, December 31, Nonaccrual loans and leases Nonaccrual loans and leases without an allowance for credit losses Interest income recognized on nonaccrual loans and leases Nonaccrual loans and leases Commercial and industrial $ 594 $ — $ 1 $ 961 Construction 4,900 — — 4,900 Residential mortgage 112 112 — 113 Direct financing leases 6 6 — 29 Total nonaccrual loans and leases $ 5,612 $ 118 $ 1 $ 6,003 The following table presents the Company's amortized cost basis of collateral dependent loans, which are individually analyzed to determine expected credit losses: March 31, Amortized Cost Basis Allowance on Collateral Dependent Loans Commercial and industrial $ 594 $ 293 Construction 4,900 750 Residential mortgage 112 — Direct financing leases — — Total $ 5,606 $ 1,043 Loan Modification Disclosures under ASU 2022-02 In certain situations, the Company may modify the terms of a loan to a borrower experiencing financial difficulty. These modifications may include payment delays, term extensions, or interest-rate reductions. In some cases, combinations of modifications may be made to the same loan. If a determination is made that a modified loan has been deemed uncollectible, the loan (or portion of the loan) is charged-off, reducing the amortized cost basis of the loan and adjusting the allowance for credit losses. During the three months ended March 31, 2023, the Company had no new modifications to borrowers experiencing financial difficulty. There were no modified loans and leases that had a payment default during the three months ended March 31, 2023 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty. Troubled Debt Restructuring (TDR) Disclosures Prior to the Adoption of ASU 2022-02 During the three months ended March 31, 2022, there were no newly classified TDRs. For the three months ended March 31, 2022, the Company recorded no charge-offs related to TDRs. As of December 31, 2022, TDRs had a related allowance of $0. During the three months ended March 31, 2022, there were no TDRs for which there was a payment default within the first 12 months of the modification. Other Real Estate Owned At March 31, 2023 and December 31, 2022, the balance of real estate owned included $367,000 and $57,000, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property. At March 31, 2023 and December 31, 2022, the recorded investment in consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $431,000 and $1,071,000, respectively. Direct Financing Leases The following lists the components of the net investment in direct financing leases: March 31, December 31, Total minimum lease payments to be received $ 159,788 $ 147,520 Initial direct costs 8,937 8,058 168,725 155,578 Less: Unearned income (25,444) (22,109) Net investment in direct finance leases $ 143,281 $ 133,469 There were no leases serviced by the Company for the benefit of others at March 31, 2023 and December 31, 2022. Certain leases have been sold from time to time by the Company with partial recourse. The Company estimates and records its obligation based upon historical loss percentages. At both March 31, 2023 and December 31, 2022, the Company did not have any recorded recourse obligations on leases sold. The following table summarizes the future minimum lease payments receivable subsequent to March 31, 2023: Remainder of 2023 $ 43,905 2024 48,708 2025 34,833 2026 21,351 2027 9,512 Thereafter 1,479 $ 159,788 Allowance for Credit Losses on Loans and Leases The allowance for credit losses on loans and leases is established for current expected credit losses on the Company's loan and lease portfolios in accordance with ASC Topic 326. This requires significant judgement to estimate credit losses measured on a collective pool basis when similar risk characteristics exist, and for loans evaluated individually. The company estimates expected future losses for the loan's entire contractual term, taking into account expected payments when appropriate. The allowance is an estimation based on management's evaluation of expected losses related to the Company's financial assets measured at amortized cost. It considers relevant available information from internal and external sources relating to the historical loss experience, current conditions and reasonable and supportable forecasts for the Company's outstanding loan and lease balances. The Company utilizes a cash flow analysis method of estimating expected losses, which relies on key inputs and assumptions. Significant factors affecting the calculation are the segmenting of loans based upon similar risk characteristics, applied loss rates based upon reasonable and supportable forecasts, and contractual term adjustments, including prepayment and curtailment adjustments. To ensure the allowance is maintained at an adequate level, a detailed analysis is performed on a quarterly basis, with an appropriate provision made to adjust the allowance. The Company has elected to exclude accrued interest receivable from the calculation of the allowance for credit losses, as it is the Company's policy to write off accrued interest in a timely manner as it is deemed uncollectible by reversing interest income. The Company categorizes its loan portfolios into eight segments based on similar risk characteristics. Loans within each segment are collectively evaluated using either a loss-rate methodology or remaining life methodology. The following table summarizes changes in the allowance for credit losses by segment for the three months ended March 31, 2023: Balances, December 31, 2022 Impact of adopting ASC 326 Balances, January 1, 2023 Post-ASC 326 adoption Provision (reversal) for credit losses Charge-offs Recoveries Balances, March 31, 2023 Commercial mortgage $ 4,776 $ (395) $ 4,381 $ 337 $ — $ 10 $ 4,728 Commercial and industrial 1,291 360 1,651 (125) — 12 1,538 Construction and development 2,855 784 3,639 (164) — — 3,475 Multi-family 1,955 (99) 1,856 111 — — 1,967 Residential mortgage 76 1,439 1,515 71 — 10 1,596 Home equity 23 89 112 — — — 112 Direct financing leases 1,196 422 1,618 68 (85) 164 1,765 Consumer 241 64 305 42 (44) 11 314 Total $ 12,413 $ 2,664 $ 15,077 $ 340 $ (129) $ 207 $ 15,495 Subsequent to the adoption of ASC 326 on January 1, 2023, the allowance for credit losses increased during the three months ended March 31, 2023. The increase was driven by loan growth in multiple categories, including commercial mortgage, direct financing leases, and multi-family loans. The commercial mortgage portfolio increased due to commercial construction loans being completed and termed out to permanent financing. Correspondingly, as more commercial construction loans were completed, the total balance in this segment decreased. The balance in commercial and industrial loans increased slightly, but the decrease in the historical loss rate contributed to an overall decrease in the allowance within this segment. The remaining portfolio segments increased the allowance driven by loan growth within each category. • Commercial Mortgage – allowance increased due to loan balances increasing $16.6 million. • Commercial & Industrial – allowance decreased due to the historical loss rate decreasing 0.1285% in this segment even though loan balances increased $3.7 million. • Construction & Development – allowance decreased due to loan balances decreasing $13.7 million. • Multi-Family – allowance increased due to balances increasing $7.5 million. • Residential Mortgage – allowance increased due to balances increasing $6.0 million. • Home Equity – no change to the allowance. • Leases – allowance increased due to balances increasing $9.8 million. • Consumer – allowance increased slightly due to balances increasing $649,000. Economic Outlook Due to the future-focused nature of the calculation for the allowance for credit losses, management must make significant assumptions. Estimating an appropriate allowance requires management to use relevant forward-looking information drawn from reasonable and supportable forecasts. Economic factors are a consequential part of these forecasts, and as such are evaluated periodically for developments that may impact the Company's allowance for credit losses and loan and lease portfolio. As of March 31, 2023, the most significant economic factors affecting the Company's loan portfolio are persistent inflation, higher interest rates, a weakened economic growth and unemployment outlook, and increased geopolitical risk. These key factors are impacting and will continue to adversely impact the Company’s loan portfolio. Also, recent market liquidity events have added additional unpredictability into the economic environment and the potential for tighter credit conditions could impact economic conditions in the future. For several years, the Company has targeted loan opportunities in three growth market regions, Columbus, Ohio, Dayton/Springfield, Ohio, and Indianapolis, Indiana. These market regions specialize in commercial real estate loans, and their respective forecasts are described below: • Columbus, Ohio – The market region is forecasting estimated job growth to be considerably lower in 2023. However, the forecasted unemployment rate is slightly below the national unemployment rate estimate as of February 2023. • Dayton/Springfield, Ohio – The economic outlook for this region is positive, though concerns are present about a potential recession occurring in the last half of 2023. The region has one of the lowest unemployment rates in the state, just above the Columbus market region. • Indianapolis, Indiana – The market region is forecasting a material economic growth rate decrease in 2023. The forecast estimates have been lowered primarily due to inflation and rising interest rates, which have dampened demand and are impacting economic growth. The Company’s assumption of future economic slowdown could potentially have an adverse impact on the loan and lease portfolio and the allowance for credit losses in the near future; however, there are numerous potential outcomes, and the variances could be significant and volatile. As a result, the Company’s future estimates may vary for the remainder of 2023. Allowance for Loan Losses under prior GAAP ("Incurred Loss Method") Prior to the adoption of ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326) on January 1, 2023, the Company maintained an allowance for loan and lease losses in accordance with the Incurred Loss Method. The following table summarizes changes in the allowance for loan and lease losses under the Incurred Loss Method by segment for the three months ended March 31, 2022: Balance, beginning of period Provision (reversal) for losses Charge-offs Recoveries Balance, end of period Three Months Ended March 31, 2022: Commercial mortgage $ 4,742 $ (19) $ — $ 7 $ 4,730 Commercial and industrial 1,639 (97) — 15 1,557 Construction and development 2,286 148 — — 2,434 Multi-family 1,875 157 — — 2,032 Residential mortgage 263 (6) — 6 263 Home equity 29 6 — — 35 Leases 1,079 (15) (10) 10 1,064 Consumer 195 26 (24) 5 202 Total $ 12,108 $ 200 $ (34) $ 43 $ 12,317 The following table presents the balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on portfolio segment and impairment method under the incurred loss method as of December 31, 2022: Allowance for loan and lease losses: Loans and leases: Individually evaluated for impairment Collectively evaluated for impairment Balance, December 31 Individually evaluated for impairment Collectively evaluated for impairment Balance, December 31 As of December 31, 2022: Commercial mortgage $ — $ 4,776 $ 4,776 $ — $ 298,087 $ 298,087 Commercial and industrial 281 1,010 1,291 961 99,459 100,420 Construction and development 750 2,105 2,855 4,900 135,023 139,923 Multi-family — 1,955 1,955 — 124,914 124,914 Residential mortgage — 76 76 113 146,016 146,129 Home equity — 23 23 — 11,010 11,010 Leases — 1,196 1,196 — 133,469 133,469 Consumer — 241 241 — 21,048 21,048 Total $ 1,031 $ 11,382 $ 12,413 $ 5,974 $ 969,026 $ 975,000 The following table presents the Company’s impaired loans and specific valuation allowance at December 31, 2022 under the Incurred Loss Method: December 31, 2022 Recorded Unpaid Specific Impaired loans without a specific valuation allowance Commercial mortgage $ — $ 59 $ — Commercial and industrial 366 567 — Residential mortgage 113 241 — $ 479 $ 867 $ — Impaired loans with a specific valuation allowance Commercial and industrial $ 595 $ 643 $ 281 Construction and development 4,900 4,900 750 $ 5,495 $ 5,543 $ 1,031 Total impaired loans Commercial mortgage $ — $ 59 $ — Commercial and industrial 961 1,210 281 Construction and development 4,900 4,900 750 Residential mortgage 113 241 — Total impaired loans $ 5,974 $ 6,410 $ 1,031 The following table presents the Company’s average investment in impaired loans and leases, and interest income recognized for the three months ended March 31, 2022 under the incurred loss method: Average Interest Three Months Ended March 31, 2022: Total impaired loans Commercial mortgage $ 122 $ 12 Commercial and industrial 987 7 Construction and development 4,900 — Residential mortgage 118 1 Total impaired loans and leases $ 6,127 $ 20 Allowance for Credit Losses on Off-Balance Sheet Commitments The allowance for credit losses on off-balance sheet commitments is included in other liabilities on the Condensed Consolidated Balance Sheets. The estimate of expected losses on off-balance sheet commitments is calculated based on the loss rate for the loan segment which the loan commitments would be classified if funded, adjusted for the estimate of funding probability. Additional provisions applied to the allowance are recognized in the provision for credit losses on the Condensed Consolidated Statements of Income. The following table details activity in the allowance for credit losses on off-balance sheet commitments during the three months ended March 31, 2023: Three Months Ended March 31, 2023 Balance, December 31, 2022 $ — Impact of adopting ASC 326 2,374 Provision for credit losses (170) Balance, March 31, 2023 $ 2,204

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value 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 measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs supported by little or no market activity that are significant to the fair value of the assets or liabilities Recurring Measurements The following tables present the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2023 and December 31, 2022: Fair Value Measurements Using Fair Quoted Prices Significant Significant March 31, 2023 Available-for-sale securities U.S. Treasury securities $ 3,466 $ 3,466 $ — $ — SBA Pools 5,719 — 5,719 — Federal agencies 12,951 — 12,951 — State and municipal obligations 141,262 — 141,262 — Mortgage-backed securities - GSE residential 118,769 — 118,769 — Corporate obligations 9,578 — 9,578 — $ 291,745 $ 3,466 $ 288,279 $ — Fair Value Measurements Using Fair Quoted Prices Significant Significant December 31, 2022 Available-for-sale securities U.S. Treasury securities $ 3,460 $ 3,460 $ — $ — SBA Pools 6,135 — 6,135 — Federal agencies 12,648 — 12,648 — State and municipal obligations 137,042 — 137,042 — Mortgage-backed securities - GSE residential 115,982 — 115,982 — Corporate obligations 9,633 — 9,633 — $ 284,900 $ 3,460 $ 281,440 $ — Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the three months ended March 31, 2023. Available-for-Sale Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy, which includes equity securities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include agency securities, obligations of state and political subdivisions, and mortgage-backed securities. Matrix pricing is a mathematical technique widely used in the banking industry to value investment securities without relying exclusively on quoted prices for specific investment securities but rather relying on the investment securities’ relationship to other benchmark quoted investment securities. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. Nonrecurring Measurements The following table presents the fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2023 and December 31, 2022: Fair Value Measurements Using Fair Quoted Prices Significant Significant March 31, 2023 Collateral-dependent loans $ 300 $ — $ — $ 300 December 31, 2022 Impaired loans, collateral-dependent $ 314 $ — $ — $ 314 Mortgage-servicing rights 2,012 — — 2,012 Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. Collateral-Dependent Loans, Net of Allowance for Credit Losses The estimated fair value of collateral-dependent loans is based on the appraised fair value of the collateral, less estimated cost to sell. Collateral-dependent loans are classified within Level 3 of the fair value hierarchy. The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary by management. Appraisals are reviewed for accuracy and consistency by management. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by management by comparison to historical results. Mortgage-Servicing Rights Mortgage-servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models having significant inputs of discount rate, prepayment speed and default rate. Due to the nature of the valuation inputs, mortgage-servicing rights are classified within Level 3 of the hierarchy. Mortgage-servicing rights are tested for impairment on a quarterly basis based on an independent valuation. The valuation is reviewed by management for accuracy and for potential impairment. Unobservable (Level 3) Inputs The following tables present the fair value measurement of assets recognized in the accompanying consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2023 and December 31, 2022: Fair Value at March 31, Valuation Unobservable Range Collateral-dependent loans $ 300 Appraisal Marketability discount 0 - 44% Fair Value at December 31, Valuation Unobservable Range Impaired loans, collateral-dependent $ 314 Appraisal Marketability discount 0 - 42% Mortgage-servicing rights $ 2,012 Discounted cash flow Discount rate 10% Fair Value of Financial Instruments The following tables present estimated fair values of the Company’s financial instruments at March 31, 2023 and December 31, 2022: Fair Value Measurements Using Carrying Quoted Prices Significant Significant March 31, 2023 Financial assets Cash and cash equivalents $ 17,390 $ 17,390 $ — $ — Interest-earning time deposits 490 — 489 — Available-for-sale securities 291,745 3,466 288,279 — Held-to-maturity securities 5,752 — 5,720 — Loans and leases receivable, net 989,117 — — 904,924 Federal Reserve and FHLB stock 10,082 — 10,082 — Interest receivable 4,683 — 4,683 — Financial liabilities Deposits 1,030,034 — 1,022,931 — FHLB advances 183,500 — 178,492 — Interest payable 2,547 — 2,547 — Fair Value Measurements Using Carrying Quoted Prices Significant Significant December 31, 2022 Financial assets Cash and cash equivalents $ 15,922 $ 15,922 $ — $ — Interest-earning time deposits 490 — 490 — Available-for-sale securities 284,900 3,460 281,440 — Held-to-maturity securities 6,672 — 6,577 — Loans held for sale 474 — — 433 Loans and leases receivable, net 961,691 — — 883,169 Federal Reserve and FHLB stock 9,947 — 9,947 — Interest receivable 4,710 — 4,710 — Financial liabilities Deposits 1,005,261 — 996,375 — FHLB advances 180,000 — 174,426 — Interest payable 1,369 — 1,369 —

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic EPS is computed by dividing net income allocated to common stock by the weighted average number of common shares outstanding during the period which excludes the participating securities. Diluted EPS includes the dilutive effect of additional potential common shares from stock compensation awards, but excludes awards considered participating securities. ESOP shares are not considered outstanding for EPS until they are earned. The following table presents the computation of basic and diluted EPS for the periods indicated: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Net income $ 2,904 $ 3,018 Shares outstanding for Basic EPS: Average shares outstanding 11,758,118 12,347,125 Less: average restricted stock award shares not vested 261,291 348,395 Less: average unearned ESOP Shares 897,098 951,205 Shares outstanding for Basic EPS 10,599,729 11,047,525 Additional Dilutive Shares 136,048 426,940 Shares outstanding for Diluted EPS 10,735,777 11,474,465 Basic Earnings Per Share $ 0.27 $ 0.27 Diluted Earnings Per Share $ 0.27 $ 0.26

Benefit Plans

Benefit Plans	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans 401(k) The Company has a retirement savings 401(k) plan, in which substantially all employees may participate. The Company matches employees' contributions at the rate of 50 percent for the first six percent of base salary contributed by participants. The Company’s expense for the plan was $37,000 and $53,000 for the three months ended March 31, 2023 and 2022, respectively. Employee Stock Ownership Plan As part of the reorganization and related stock offering, the Company established an Employee Stock Ownership Plan, or ESOP, covering substantially all employees. The ESOP acquired 1,082,130 shares of Company common stock at an average price of $13.59 per share on the open market with funds provided by a loan from the Company. Dividends on unallocated shares used to repay the loan for the Company are recorded as a reduction of the loan or accrued interest, as applicable. Dividends on allocated shares paid to participants are reported as compensation expense. Unearned ESOP shares which have not yet been allocated to ESOP participants are excluded from the computation of average shares outstanding for earnings per share calculation. Accordingly, $12,009,214 and $12,193,043 of common stock acquired by the ESOP was shown as a reduction of stockholders’ equity at March 31, 2023 and December 31, 2022, respectively. Shares are released to participants proportionately as the loan is repaid. ESOP expense for the three months ended March 31, 2023 and 2022 was $171,000 and $226,000, respectively. March 31, December 31, Earned ESOP shares 198,409 184,882 Unearned ESOP shares 883,721 897,248 Total ESOP shares 1,082,130 1,082,130 Quoted per share price $ 10.37 $ 13.01 Fair value of earned shares (in thousands) $ 2,058 $ 2,405 Fair value of unearned shares (in thousands) $ 9,164 $ 11,673 Richmond Mutual Bancorporation, Inc. 2020 Equity Incentive Plan On September 15, 2020, the Company's stockholders approved the Richmond Mutual Bancorporation, Inc. 2020 Equity Incentive Plan ("2020 EIP") which provides for the grant to eligible participants of up to (i) 1,352,662 shares of Company common stock to be issued upon the exercise of stock options and stock appreciation rights and (ii) 541,065 shares of Company common stock to participants as restricted stock awards (which may be in the form of shares of common stock or share units giving the participant the right to receive shares of common stock at a specified future date). Restricted Stock Awards . On October 1, 2020, the Company awarded 449,086 shares of common stock under the 2020 EIP with a grant date fair value of $10.53 per share (total fair value of $4.7 million at issuance) to eligible participants. On April 1, 2021, the Company awarded an additional 4,000 shares of common stock under the 2020 EIP with a grant date fair value of $13.86 (total fair value of $55,000 at issuance) to eligible participants. These awards vest in five equal annual installments with the first vesting occurring on June 30, 2021. Forfeited shares may be awarded to other eligible recipients in future grants until the 2020 EIP terminates in September 2030. The following table summarizes the restricted stock awards activity in the 2020 EIP during the three months ended March 31, 2023. Three Months Ended March 31, 2023 Number of Restricted Shares Weighted Average Grant Date Fair Value Non-vested, beginning of period 261,291 $ 10.56 Granted — — Vested — — Forfeited — — Non-vested, March 31, 2023 261,291 10.56 Total compensation cost recognized in the income statement for restricted stock awards during the three months ended March 31, 2023 was $227,000, and the related tax benefit recognized was $48,000. As of March 31, 2023, unrecognized compensation expense related to restricted stock awards was $2.1 million. Stock Option Plan. On October 1, 2020, the Company awarded options to purchase 1,095,657 of common stock under the 2020 EIP with an exercise price of $10.53 per share, the fair value of a share of the Company's common stock on the date of grant, to eligible participants. On April 1, 2021, the Company awarded options to purchase 8,000 shares of common stock under the 2020 EIP with an exercise price of $13.86 per share, the fair value of a share of the Company's common stock on the date of the grant, to eligible participants. These options awarded vest in five equal annual installments with the first vesting occurring on June 30, 2021. Forfeited options may be awarded to other eligible recipients in future grants until the 2020 EIP terminates in September 2030. The following table summarizes the stock option activity in the 2020 EIP during the three months ended March 31, 2023. Three Months Ended March 31, 2023 Number of Shares Weighted-Average Exercise Price Balance at beginning of period 1,050,961 $ 10.56 Granted — — Exercised — — Forfeited/expired — — Balance, March 31, 2023 1,050,961 10.56 Exercisable at end of period 413,120 $ 10.56 The fair value of options granted is estimated on the date of the grant using a Black Scholes model with the following assumptions: April 1, 2021 Dividend yields 1.90 % Volatility factors of expected market price of common stock 26.98 % Risk-free interest rates 1.16 % Expected life of options 6.1 years A summary of the status of the Company stock option shares as of March 31, 2023 is presented below. Shares Weighted Average Grant Date Fair Value Non-vested, beginning of year 637,841 $ 2.91 Vested — — Granted — — Forfeited — — Non-vested, March 31, 2023 637,841 $ 2.91 Total compensation cost recognized in the income statement for option-based payment arrangements for the three months ended March 31, 2023 was $153,000, and the related tax benefit recognized was $17,000. As of March 31, 2023, unrecognized compensation expense related to the stock option awards was $1.4 million.

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventSubsequent to March 31, 2023 through May 15, 2023 the Company purchased 140,770 shares of the Company's common stock pursuant to the existing stock repurchase program, leaving 883,073 shares available for future repurchase.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates in Preparation of Financial Statements	Use of Estimates in Preparation of Financial Statements Financial statements prepared in accordance with generally accepted accounting principles in the United States ("GAAP") require the Company 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 income and expense during the reporting period. Actual results could differ from those estimates.
Loans	Loans For all loan classes, the accrual of interest is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. For all loan classes, the entire balance of the loan is considered past due if the minimum payment contractually required to be paid is not received by the contractual due date. For all loan classes, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. The Company charges off residential and consumer loans, or portions thereof, when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance, which provides for the charge-down of 1-4 family first and junior lien mortgages to the net realizable value, less costs to sell when the loan is 120 days past due, charge-off of unsecured open-end loans when the loan is 90 days past due, and charge down to the net realizable value when other secured loans are 90 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. For all classes, all interest accrued but not collected for loans that are 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. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. On occasion, the Company will provide modifications to loans and leases to borrowers experiencing financial difficulty, by providing payment delays, term extensions, or interest-rate reductions. In some cases, combinations of modifications may be made to the same loan or lease. If determined that the value of the modified loan or lease is less than the recorded investment in the loan, a charge-off is recognized to the allowance for credit losses on loans and leases.
Accounting Pronouncements	Accounting Pronouncements The Jumpstart Our Business Startups Act (the "JOBS Act"), which was enacted in April 2012, has made numerous changes to the federal securities laws to facilitate access to capital markets. Under the JOBS Act, a company with total annual gross revenues of less than $1.07 billion during its most recently completed fiscal year qualifies as an “emerging growth company.” The Company qualifies as and has elected to be an emerging growth company under the JOBS Act. An emerging growth company may elect to comply with new or amended accounting pronouncements in the same manner as a private company, but must make such election when the company is first required to file a registration statement. Such an election is irrevocable during the period a company is an emerging growth company. The Company has elected to comply with new or amended accounting pronouncements in the same manner as a private company. In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments-Credit Losses (Topic 326) . The ASU is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In May 2019, the FASB issued ASU No. 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief . This ASU provides transition relief for entities adopting the FASB’s credit losses standard, ASU 2016-13 and allows companies to irrevocably elect, upon adoption of ASU 2016-13, the fair value option for certain financial instruments. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments . ASU No. 2019-04 clarifies certain aspects of accounting for credit losses, hedging activities, and financial instruments. In October 2019, the FASB voted to extend the implementation of ASU No. 2016-13 for certain financial institutions including smaller reporting companies. As a result, ASU 2016-13 became effective for the Company for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. The Company adopted ASU No. 2016-13 on January 1, 2023. As a result of the change in methodology from the incurred loss methodology to the current expected credit loss methodology ("CECL"), the Company recorded a one-time cumulative-effect adjustment of $2.0 million from retained earnings, net of tax, into the allowance for credit losses on loans and leases. The allowance increased $2.7 million, or 21.5%, on January 1, 2023 from December 31, 2022 as a result of adoption. Additionally, as a part of CECL adoption, the Company established an allowance for credit losses on off-balance sheet commitments by recording a one-time adjustment of $1.8 million from retained earnings, net of tax, into the allowance for credit losses on off-balance sheet commitments. As of January 1, 2023, this allowance totaled $2.4 million, as compared to no allowance at December 31, 2022. This allowance is reported in other liabilities on the Condensed Consolidated Balance Sheets. In March 2022 the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures . The ASU eliminates the accounting guidance for troubled debt restructured loans (“TDRs”) by creditors while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, the ASU requires public business entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. This ASU became effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, upon the Company’s adoption of the amendments in ASU 2016-13, which is commonly referred to as the current expected credit loss methodology. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.
Federal Agency Obligations	Federal Agency Obligations.  The unrealized losses on the Company’s investments in direct obligations of U.S. federal agencies were caused by interest rate changes.  The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments.  The Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost basis, which may be maturity.
SBA Pools and Mortgage-Backed Securities - GSE Residential	The unrealized losses on the Company’s investment in mortgage-backed securities and SBA pools were caused by interest rate changes.  The Company expects to recover the amortized cost basis over the term of the securities. The decline in fair value is attributable to changes in interest rates and not credit quality, and the Company does not intend to sell the investments. It is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost basis, which may be maturity.
State, Municipal, and Corporate Obligations	State, Municipal, and Corporate Obligations. The unrealized losses on the Company’s investments in securities of state, municipal, and corporate obligations were caused by interest rate changes. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. The Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost basis, which may be maturity.
Credit Quality Indicators and Characteristics	The Company rates all loans and leases by credit quality using the following designations: Grade 1 – Exceptional Exceptional loans and leases are top-quality loans to individuals whose financial credentials are well known to the Company. These loans and leases have excellent sources of repayment, are well documented and/or virtually free of risk (i.e., CD secured loans). Grade 2 – Quality Loans and Leases These loans and leases have excellent sources of repayment with no identifiable risk of collection, and they conform in all respects to Company policy and Indiana Department of Financial Institutions (“IDFI”) and Federal Deposit Insurance Corporation (“FDIC”) regulations. Documentation exceptions are minimal or are in the process of being corrected and are not of a type that could subsequently expose the Company to risk of loss. Grade 3 – Acceptable Loans This category is for “average” quality loans and leases. These loans and leases have adequate sources of repayment with little identifiable risk of collection and they conform to Company policy and IDFI/FDIC regulations. Grade 4 – Acceptable but Monitored Loans and leases in this category may have a greater than average risk due to financial weakness or uncertainty but do not appear to require classification as special mention or substandard loans. Loans and leases rated “4” need to be monitored on a regular basis to ascertain that the reasons for placing them in this category do not advance or worsen. Grade 5 – Special Mention Loans and leases in this category have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or lease or in the Company’s credit position at some future date. Special Mention loans and leases are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. This special mention rating is designed to identify a specific level of risk and concern about an asset’s quality. Although a special mention loan or leases has a higher probability of default than a pass rated loan or lease, its default is not imminent. Grade 6 – Substandard Loans and leases in this category are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans and leases so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Substandard loans and leases have a high probability of payment default, or they have other well-defined weaknesses. Such loans and leases have a distinct potential for loss; however, an individual loan’s or lease’s potential for loss does not have to be distinct for the loan or lease to be rated substandard. The following are examples of situations that might cause a loan or lease to be graded a “6”: • Cash flow deficiencies (losses) jeopardize future loan or lease payments. • Sale of non-collateral assets has become a primary source of loan or lease repayment. • The relationship has deteriorated to the point that sale of collateral is now the Company’s primary source of repayment, unless this was the original source of loan or lease repayment. • The borrower is bankrupt or for any other reason future repayment is dependent on court action. Grade 7 – Doubtful A loan or lease classified as doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable. A doubtful loan or lease has a high probability of total or substantial loss. Doubtful borrowers are usually in default, lack adequate liquidity or capital, and lack the resources necessary to remain an operating entity. Because of high probability of loss, nonaccrual accounting treatment will be required for doubtful loans and leases. Grade 8 – Loss Loans and leases classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan or lease has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan or lease even though partial recovery may be effected in the future. No material changes have been made to the risk characteristics discussed above contained in the Company's 2022 Form 10-K.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value 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 measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs supported by little or no market activity that are significant to the fair value of the assets or liabilities

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Marketable Securities	The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows: March 31, 2023 Amortized Gross Gross Fair Available for sale U.S. treasury securities $ 3,490 $ — $ 24 $ 3,466 SBA Pools 6,282 1 564 5,719 Federal agencies 15,000 — 2,049 12,951 State and municipal obligations 170,379 18 29,135 141,262 Mortgage-backed securities - government-sponsored enterprises (GSE) residential 140,260 — 21,491 118,769 Corporate obligations 11,500 — 1,922 9,578 346,911 19 55,185 291,745 Held to maturity State and municipal obligations 5,752 19 51 5,720 5,752 19 51 5,720 Total investment securities $ 352,663 $ 38 $ 55,236 $ 297,465 December 31, 2022 Amortized Gross Gross Fair Available for sale U.S. treasury securities $ 3,487 $ — $ 27 $ 3,460 SBA Pools 6,768 1 634 6,135 Federal agencies 15,000 — 2,352 12,648 State and municipal obligations 171,495 4 34,457 137,042 Mortgage-backed securities - government-sponsored enterprises (GSE) residential 139,626 — 23,644 115,982 Corporate obligations 11,500 — 1,867 9,633 347,876 5 62,981 284,900 Held to maturity State and municipal obligations 6,672 17 112 6,577 6,672 17 112 6,577 Total investment securities $ 354,548 $ 22 $ 63,093 $ 291,477
Schedule of Investments Classified by Contractual Maturity Date	The amortized cost and fair value of securities at March 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Held to Maturity Amortized Fair Amortized Fair Within one year $ 2,819 $ 2,805 $ 485 $ 485 One to five years 16,507 15,552 3,462 3,436 Five to ten years 42,168 38,412 915 926 After ten years 145,157 116,207 890 873 206,651 172,976 5,752 5,720 Mortgage-backed securities –GSE residential 140,260 118,769 — — Totals $ 346,911 $ 291,745 $ 5,752 $ 5,720
Schedule of Debt Securities, Held-to-Maturity, Credit Quality Indicator	The following table summarizes the amortized cost of held to maturity investment securities by credit quality indicator, as of March 31, 2023: State and municipal obligations AA+ $ 1,177 AA 690 AA- 584 A+ 854 BBB+ 122 Not rated 2,325 $ 5,752
Schedule of Unrealized Gain (Loss) on Investments	The following tables show the Company’s investments by gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2023 and December 31, 2022: Description of March 31, 2023 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale U.S. Treasury Securities $ 3,466 $ 24 $ — $ — $ 3,466 $ 24 SBA Pools — — 5,187 564 5,187 564 Federal agencies — — 12,951 2,049 12,951 2,049 State and municipal obligations 8,650 338 129,460 28,797 138,110 29,135 Mortgage-backed securities - GSE residential 5,481 118 116,594 21,373 122,075 21,491 Corporate obligations 2,410 340 7,168 1,582 9,578 1,922 Total available-for-sale 20,007 820 271,360 54,365 291,367 55,185 Held-to-maturity State and municipal obligations 3,101 37 458 14 3,559 51 Total impaired securities $ 23,108 $ 857 $ 271,818 $ 54,379 $ 294,926 $ 55,236 Description of December 31, 2022 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale U.S. Treasury securities $ 3,460 $ 27 $ — $ — $ 3,460 $ 27 SBA Pools 1,237 145 4,234 489 5,471 634 Federal agencies — — 12,648 2,352 12,648 2,352 State and municipal obligations 76,986 11,825 59,257 22,632 136,243 34,457 Mortgage-backed securities - GSE residential 32,446 3,440 83,537 20,204 115,983 23,644 Corporate obligations 7,044 1,456 2,589 411 9,633 1,867 Total available-for-sale 121,173 16,893 162,265 46,088 283,438 62,981 Held-to-maturity State and municipal obligations 4,995 108 413 4 5,408 112 Total impaired securities $ 126,168 $ 17,001 $ 162,678 $ 46,092 $ 288,846 $ 63,093

Loans, Leases and Allowance (Ta

Loans, Leases and Allowance (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table shows the composition of the loan and lease portfolio at March 31, 2023 and December 31, 2022: March 31, December 31, Commercial mortgage $ 321,314 $ 298,087 Commercial and industrial 97,880 100,420 Construction and development 125,521 139,923 Multi-family 132,407 124,914 Residential mortgage 152,376 146,129 Home equity lines of credit 10,923 11,010 Direct financing leases 143,281 133,469 Consumer 21,604 21,048 1,005,306 975,000 Less Allowance for credit losses on loans and leases 15,495 12,413 Deferred loan fees 694 896 $ 989,117 $ 961,691
Schedule of Financing Receivable Credit Quality Indicators	The following tables present the credit risk profile of the Company’s loan and lease portfolio based on rating category, payment activity, and origination year as of March 31, 2023 and rating category as of December 31, 2022: 2023 2022 2021 2020 2019 Prior Revolving loans amortized cost basis Total As of March 31, 2023: Commercial mortgage Pass $ 9,702 $ 74,237 $ 74,185 $ 30,209 $ 47,339 $ 70,727 $ 13,473 $ 319,872 Special Mention — — — — — 892 — 892 Substandard — — — — — 550 — 550 Total Commercial mortgage 9,702 74,237 74,185 30,209 47,339 72,169 13,473 321,314 Current period gross charge-offs — — — — — — — — Commercial and industrial Pass 9,681 14,760 20,937 6,186 1,976 12,421 24,892 90,853 Special Mention — 29 125 — — 1,689 525 2,368 Substandard — — — 589 — 215 3,855 4,659 Total Commercial and industrial 9,681 14,789 21,062 6,775 1,976 14,325 29,272 97,880 Current period gross charge-offs — — — — — — — — Construction and development Pass 7,171 44,858 25,365 11,453 564 976 30,234 120,621 Substandard — — — — 4,900 — — 4,900 Total Construction and development 7,171 44,858 25,365 11,453 5,464 976 30,234 125,521 Current period gross charge-offs — — — — — — — — Multi-family Pass 2,052 37,528 34,853 6,761 7,485 18,841 24,887 132,407 Total Multi-family 2,052 37,528 34,853 6,761 7,485 18,841 24,887 132,407 Current period gross charge-offs — — — — — — — — Residential mortgage Pass 9,885 35,313 38,193 17,458 9,300 40,436 — 150,585 Substandard — — — — 150 1,641 — 1,791 Total Residential mortgage 9,885 35,313 38,193 17,458 9,450 42,077 — 152,376 Current period gross charge-offs — — — — — — — — Home equity Pass 12 — 295 — — — 10,588 10,895 Substandard — — — — — — 28 28 Total Home equity lines of credit 12 — 295 — — — 10,616 10,923 Current period gross charge-offs — — — — — — — — Direct financing leases Pass 24,622 54,890 36,552 17,619 7,199 2,237 — 143,119 Substandard — — 139 17 — — — 156 Doubtful — — — — 6 — — 6 Total Direct financing leases 24,622 54,890 36,691 17,636 7,205 2,237 — 143,281 Current period gross charge-offs — — 80 5 — — — 85 Consumer Pass 2,853 10,972 5,265 1,256 763 468 — 21,577 Substandard — 5 13 — 8 1 — 27 Total Consumer 2,853 10,977 5,278 1,256 771 469 — 21,604 Current period gross charge-offs 7 19 17 — 1 — — 44 Total Loans and Leases $ 65,978 $ 272,592 $ 235,922 $ 91,548 $ 79,690 $ 151,094 $ 108,482 $ 1,005,306 Total current period gross charge-offs $ 7 $ 19 $ 97 $ 5 $ 1 $ — $ — $ 129 For the three months ended March 31, 2023, the Company did not have any revolving loans convert to term loans. Pass Special Mention Substandard Doubtful Loss Total As of December 31, 2022: Commercial mortgage $ 296,253 $ 1,277 $ 557 $ — $ — $ 298,087 Commercial and industrial 92,620 2,605 5,195 — — 100,420 Construction and development 135,023 — 4,900 — — 139,923 Multi-family 124,914 — — — — 124,914 Residential mortgage 144,190 — 1,939 — — 146,129 Home equity 10,958 — 52 — — 11,010 Direct financing leases 133,254 152 34 29 — 133,469 Consumer 21,015 — 33 — — 21,048 Total $ 958,227 $ 4,034 $ 12,710 $ 29 $ — $ 975,000
Schedule of Loans Classified by Aging Analysis	The following tables present the Company’s loan and lease portfolio aging analysis of the recorded investment in loans and leases as of March 31, 2023 and December 31, 2022: March 31, 2023 Delinquent Loans and Leases Current Total Total Loans 30-59 Days 60-89 Days 90 Days and Total Past Commercial mortgage $ 25 $ — $ — $ 25 $ 321,289 $ 321,314 $ — Commercial and industrial 5 147 3,120 3,272 94,608 97,880 1,284 Construction and development — — 4,900 4,900 120,621 125,521 — Multi-family — — — — 132,407 132,407 — Residential mortgage 148 37 1,791 1,976 150,400 152,376 1,679 Home equity 200 — 9 209 10,714 10,923 9 Direct financing leases 488 93 7 588 142,693 143,281 7 Consumer 116 104 27 247 21,357 21,604 27 Totals $ 982 $ 381 $ 9,854 $ 11,217 $ 994,089 $ 1,005,306 $ 3,006 December 31, 2022 Delinquent Loans and Leases Current Total Total Loans 30-59 Days 60-89 Days 90 Days and Total Past Commercial mortgage $ 26 $ — $ — $ 26 $ 298,061 $ 298,087 $ — Commercial and industrial — — 2,202 2,202 98,218 100,420 1,285 Construction and development — — 4,900 4,900 135,023 139,923 — Multi-family — — — — 124,914 124,914 — Residential mortgage 272 129 1,938 2,339 143,790 146,129 1,825 Home equity — — 30 30 10,980 11,010 30 Direct financing leases 204 25 — 229 133,240 133,469 — Consumer 171 59 33 263 20,785 21,048 33 Totals $ 673 $ 213 $ 9,103 $ 9,989 $ 965,011 $ 975,000 $ 3,173
Schedule of Financing Receivable, Nonaccrual	The following table presents information on the Company’s nonaccrual loans and leases at and for the three months ended March 31, 2023, and at December 31, 2022: March 31, December 31, Nonaccrual loans and leases Nonaccrual loans and leases without an allowance for credit losses Interest income recognized on nonaccrual loans and leases Nonaccrual loans and leases Commercial and industrial $ 594 $ — $ 1 $ 961 Construction 4,900 — — 4,900 Residential mortgage 112 112 — 113 Direct financing leases 6 6 — 29 Total nonaccrual loans and leases $ 5,612 $ 118 $ 1 $ 6,003 The following table presents the Company's amortized cost basis of collateral dependent loans, which are individually analyzed to determine expected credit losses: March 31, Amortized Cost Basis Allowance on Collateral Dependent Loans Commercial and industrial $ 594 $ 293 Construction 4,900 750 Residential mortgage 112 — Direct financing leases — — Total $ 5,606 $ 1,043
Schedule of Direct Financing Lease, Lease Income	The following lists the components of the net investment in direct financing leases: March 31, December 31, Total minimum lease payments to be received $ 159,788 $ 147,520 Initial direct costs 8,937 8,058 168,725 155,578 Less: Unearned income (25,444) (22,109) Net investment in direct finance leases $ 143,281 $ 133,469
Schedule of Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity	The following table summarizes the future minimum lease payments receivable subsequent to March 31, 2023: Remainder of 2023 $ 43,905 2024 48,708 2025 34,833 2026 21,351 2027 9,512 Thereafter 1,479 $ 159,788
Schedule of Financing Receivable, Allowance for Credit Loss	The following table summarizes changes in the allowance for credit losses by segment for the three months ended March 31, 2023: Balances, December 31, 2022 Impact of adopting ASC 326 Balances, January 1, 2023 Post-ASC 326 adoption Provision (reversal) for credit losses Charge-offs Recoveries Balances, March 31, 2023 Commercial mortgage $ 4,776 $ (395) $ 4,381 $ 337 $ — $ 10 $ 4,728 Commercial and industrial 1,291 360 1,651 (125) — 12 1,538 Construction and development 2,855 784 3,639 (164) — — 3,475 Multi-family 1,955 (99) 1,856 111 — — 1,967 Residential mortgage 76 1,439 1,515 71 — 10 1,596 Home equity 23 89 112 — — — 112 Direct financing leases 1,196 422 1,618 68 (85) 164 1,765 Consumer 241 64 305 42 (44) 11 314 Total $ 12,413 $ 2,664 $ 15,077 $ 340 $ (129) $ 207 $ 15,495 The following table summarizes changes in the allowance for loan and lease losses under the Incurred Loss Method by segment for the three months ended March 31, 2022: Balance, beginning of period Provision (reversal) for losses Charge-offs Recoveries Balance, end of period Three Months Ended March 31, 2022: Commercial mortgage $ 4,742 $ (19) $ — $ 7 $ 4,730 Commercial and industrial 1,639 (97) — 15 1,557 Construction and development 2,286 148 — — 2,434 Multi-family 1,875 157 — — 2,032 Residential mortgage 263 (6) — 6 263 Home equity 29 6 — — 35 Leases 1,079 (15) (10) 10 1,064 Consumer 195 26 (24) 5 202 Total $ 12,108 $ 200 $ (34) $ 43 $ 12,317 The following table presents the balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on portfolio segment and impairment method under the incurred loss method as of December 31, 2022: Allowance for loan and lease losses: Loans and leases: Individually evaluated for impairment Collectively evaluated for impairment Balance, December 31 Individually evaluated for impairment Collectively evaluated for impairment Balance, December 31 As of December 31, 2022: Commercial mortgage $ — $ 4,776 $ 4,776 $ — $ 298,087 $ 298,087 Commercial and industrial 281 1,010 1,291 961 99,459 100,420 Construction and development 750 2,105 2,855 4,900 135,023 139,923 Multi-family — 1,955 1,955 — 124,914 124,914 Residential mortgage — 76 76 113 146,016 146,129 Home equity — 23 23 — 11,010 11,010 Leases — 1,196 1,196 — 133,469 133,469 Consumer — 241 241 — 21,048 21,048 Total $ 1,031 $ 11,382 $ 12,413 $ 5,974 $ 969,026 $ 975,000 The following table details activity in the allowance for credit losses on off-balance sheet commitments during the three months ended March 31, 2023: Three Months Ended March 31, 2023 Balance, December 31, 2022 $ — Impact of adopting ASC 326 2,374 Provision for credit losses (170) Balance, March 31, 2023 $ 2,204
Schedule of Impaired Financing Receivables	The following table presents the Company’s impaired loans and specific valuation allowance at December 31, 2022 under the Incurred Loss Method: December 31, 2022 Recorded Unpaid Specific Impaired loans without a specific valuation allowance Commercial mortgage $ — $ 59 $ — Commercial and industrial 366 567 — Residential mortgage 113 241 — $ 479 $ 867 $ — Impaired loans with a specific valuation allowance Commercial and industrial $ 595 $ 643 $ 281 Construction and development 4,900 4,900 750 $ 5,495 $ 5,543 $ 1,031 Total impaired loans Commercial mortgage $ — $ 59 $ — Commercial and industrial 961 1,210 281 Construction and development 4,900 4,900 750 Residential mortgage 113 241 — Total impaired loans $ 5,974 $ 6,410 $ 1,031 The following table presents the Company’s average investment in impaired loans and leases, and interest income recognized for the three months ended March 31, 2022 under the incurred loss method: Average Interest Three Months Ended March 31, 2022: Total impaired loans Commercial mortgage $ 122 $ 12 Commercial and industrial 987 7 Construction and development 4,900 — Residential mortgage 118 1 Total impaired loans and leases $ 6,127 $ 20

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets Measured on Recurring Basis	The following tables present the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2023 and December 31, 2022: Fair Value Measurements Using Fair Quoted Prices Significant Significant March 31, 2023 Available-for-sale securities U.S. Treasury securities $ 3,466 $ 3,466 $ — $ — SBA Pools 5,719 — 5,719 — Federal agencies 12,951 — 12,951 — State and municipal obligations 141,262 — 141,262 — Mortgage-backed securities - GSE residential 118,769 — 118,769 — Corporate obligations 9,578 — 9,578 — $ 291,745 $ 3,466 $ 288,279 $ — Fair Value Measurements Using Fair Quoted Prices Significant Significant December 31, 2022 Available-for-sale securities U.S. Treasury securities $ 3,460 $ 3,460 $ — $ — SBA Pools 6,135 — 6,135 — Federal agencies 12,648 — 12,648 — State and municipal obligations 137,042 — 137,042 — Mortgage-backed securities - GSE residential 115,982 — 115,982 — Corporate obligations 9,633 — 9,633 — $ 284,900 $ 3,460 $ 281,440 $ —
Schedule of Fair Value Measurements, Nonrecurring	The following table presents the fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2023 and December 31, 2022: Fair Value Measurements Using Fair Quoted Prices Significant Significant March 31, 2023 Collateral-dependent loans $ 300 $ — $ — $ 300 December 31, 2022 Impaired loans, collateral-dependent $ 314 $ — $ — $ 314 Mortgage-servicing rights 2,012 — — 2,012
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables present the fair value measurement of assets recognized in the accompanying consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2023 and December 31, 2022: Fair Value at March 31, Valuation Unobservable Range Collateral-dependent loans $ 300 Appraisal Marketability discount 0 - 44% Fair Value at December 31, Valuation Unobservable Range Impaired loans, collateral-dependent $ 314 Appraisal Marketability discount 0 - 42% Mortgage-servicing rights $ 2,012 Discounted cash flow Discount rate 10%
Schedule of Fair Value of Financial Instruments	The following tables present estimated fair values of the Company’s financial instruments at March 31, 2023 and December 31, 2022: Fair Value Measurements Using Carrying Quoted Prices Significant Significant March 31, 2023 Financial assets Cash and cash equivalents $ 17,390 $ 17,390 $ — $ — Interest-earning time deposits 490 — 489 — Available-for-sale securities 291,745 3,466 288,279 — Held-to-maturity securities 5,752 — 5,720 — Loans and leases receivable, net 989,117 — — 904,924 Federal Reserve and FHLB stock 10,082 — 10,082 — Interest receivable 4,683 — 4,683 — Financial liabilities Deposits 1,030,034 — 1,022,931 — FHLB advances 183,500 — 178,492 — Interest payable 2,547 — 2,547 — Fair Value Measurements Using Carrying Quoted Prices Significant Significant December 31, 2022 Financial assets Cash and cash equivalents $ 15,922 $ 15,922 $ — $ — Interest-earning time deposits 490 — 490 — Available-for-sale securities 284,900 3,460 281,440 — Held-to-maturity securities 6,672 — 6,577 — Loans held for sale 474 — — 433 Loans and leases receivable, net 961,691 — — 883,169 Federal Reserve and FHLB stock 9,947 — 9,947 — Interest receivable 4,710 — 4,710 — Financial liabilities Deposits 1,005,261 — 996,375 — FHLB advances 180,000 — 174,426 — Interest payable 1,369 — 1,369 —

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the computation of basic and diluted EPS for the periods indicated: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Net income $ 2,904 $ 3,018 Shares outstanding for Basic EPS: Average shares outstanding 11,758,118 12,347,125 Less: average restricted stock award shares not vested 261,291 348,395 Less: average unearned ESOP Shares 897,098 951,205 Shares outstanding for Basic EPS 10,599,729 11,047,525 Additional Dilutive Shares 136,048 426,940 Shares outstanding for Diluted EPS 10,735,777 11,474,465 Basic Earnings Per Share $ 0.27 $ 0.27 Diluted Earnings Per Share $ 0.27 $ 0.26

Benefit Plans (Tables)

Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Employee Stock Ownership Plan (ESOP) Disclosures	ESOP expense for the three months ended March 31, 2023 and 2022 was $171,000 and $226,000, respectively. March 31, December 31, Earned ESOP shares 198,409 184,882 Unearned ESOP shares 883,721 897,248 Total ESOP shares 1,082,130 1,082,130 Quoted per share price $ 10.37 $ 13.01 Fair value of earned shares (in thousands) $ 2,058 $ 2,405 Fair value of unearned shares (in thousands) $ 9,164 $ 11,673
Schedule of Restricted Stock Awards	The following table summarizes the restricted stock awards activity in the 2020 EIP during the three months ended March 31, 2023. Three Months Ended March 31, 2023 Number of Restricted Shares Weighted Average Grant Date Fair Value Non-vested, beginning of period 261,291 $ 10.56 Granted — — Vested — — Forfeited — — Non-vested, March 31, 2023 261,291 10.56
Schedule of Share-based Compensation Arrangements by Share-based Payment Award	The following table summarizes the stock option activity in the 2020 EIP during the three months ended March 31, 2023. Three Months Ended March 31, 2023 Number of Shares Weighted-Average Exercise Price Balance at beginning of period 1,050,961 $ 10.56 Granted — — Exercised — — Forfeited/expired — — Balance, March 31, 2023 1,050,961 10.56 Exercisable at end of period 413,120 $ 10.56
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The fair value of options granted is estimated on the date of the grant using a Black Scholes model with the following assumptions: April 1, 2021 Dividend yields 1.90 % Volatility factors of expected market price of common stock 26.98 % Risk-free interest rates 1.16 % Expected life of options 6.1 years
Schedule of Nonvested Share Activity	A summary of the status of the Company stock option shares as of March 31, 2023 is presented below. Shares Weighted Average Grant Date Fair Value Non-vested, beginning of year 637,841 $ 2.91 Vested — — Granted — — Forfeited — — Non-vested, March 31, 2023 637,841 $ 2.91

Basis of Presentation (Details)

Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Past due interest accrual period (in days)	90 days
Minimum satisfaction performance period of nonaccrual loans (in months)	6 months

Accounting Pronouncements (Deta

Accounting Pronouncements (Details) - USD ($)	Jan. 01, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Allowance for credit losses on loans and leases	$ 15,077,000	$ 15,495,419	$ 12,413,035	$ 12,317,000	$ 12,108,000
Allowance for credit loss on off-balance sheet commitments	2,400,000	$ 2,204,000	0
Impact of adopting ASC 326
Financing Receivable, Impaired [Line Items]
Allowance for credit losses on loans and leases			2,664,000
Allowance for credit loss on off-balance sheet commitments			$ 2,374,000
Impact of adopting ASC 326 | Accounting Standards Update 2016-13
Financing Receivable, Impaired [Line Items]
Allowance for credit losses on loans and leases	2,000,000
Allowance increase	$ 2,700,000
Allowance increase percentage	21.50%
Allowance for credit loss on off-balance sheet commitments	$ 1,800,000

Investment Securities_ Marketab

Investment Securities: Marketable Securities (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Available for sale
Debt securities, available-for-sale, fair value	$ 291,745,454	$ 284,899,665
Debt securities, available-for-sale, and equity securities, amortized cost	346,911,000	347,876,000
Debt securities, available-for-sale, and equity securities, gross unrealized gains	19,000	5,000
Debt securities, available-for-sale, and equity securities, gross unrealized losses	55,185,000	62,981,000
Debt securities, available-for-sale, and equity securities, fair value	291,745,000	284,900,000
Held to maturity
Debt securities, held-to-maturity, amortized cost	5,752,200	6,672,233
Debt securities, held-to-maturity, accumulated unrecognized gain	19,000	17,000
Debt securities, held-to-maturity, accumulated unrecognized losses	51,000	112,000
Debt securities, held-to-maturity, fair value	5,720,000	6,577,000
Debt securities, available-for-sale and held-to-maturity, and equity securities, amortized cost	352,663,000	354,548,000
Debt securities, available-for-sale and held-to-maturity, and equity securities, gross unrealized gains	38,000	22,000
Debt securities, available-for-sale and held-to-maturity, and equity securities, gross unrealized losses	55,236,000	63,093,000
Debt securities, available-for-sale and held-to-maturity, and equity securities, fair value	297,465,000	291,477,000
U.S. Treasury securities
Available for sale
Debt securities, available-for-sale, amortized cost	3,490,000	3,487,000
Debt securities, available for sale, gross unrealized gain	0	0
Debt securities, available for sale, gross unrealized loss	24,000	27,000
Debt securities, available-for-sale, fair value	3,466,000	3,460,000
SBA Pools
Available for sale
Debt securities, available-for-sale, amortized cost	6,282,000	6,768,000
Debt securities, available for sale, gross unrealized gain	1,000	1,000
Debt securities, available for sale, gross unrealized loss	564,000	634,000
Debt securities, available-for-sale, fair value	5,719,000	6,135,000
Federal agencies
Available for sale
Debt securities, available-for-sale, amortized cost	15,000,000	15,000,000
Debt securities, available for sale, gross unrealized gain	0	0
Debt securities, available for sale, gross unrealized loss	2,049,000	2,352,000
Debt securities, available-for-sale, fair value	12,951,000	12,648,000
State and municipal obligations
Available for sale
Debt securities, available-for-sale, amortized cost	170,379,000	171,495,000
Debt securities, available for sale, gross unrealized gain	18,000	4,000
Debt securities, available for sale, gross unrealized loss	29,135,000	34,457,000
Debt securities, available-for-sale, fair value	141,262,000	137,042,000
Held to maturity
Debt securities, held-to-maturity, amortized cost	5,752,000	6,672,000
Debt securities, held-to-maturity, accumulated unrecognized gain	19,000	17,000
Debt securities, held-to-maturity, accumulated unrecognized losses	51,000	112,000
Debt securities, held-to-maturity, fair value	5,720,000	6,577,000
Mortgage-backed securities - government-sponsored enterprises (GSE) residential
Available for sale
Debt securities, available-for-sale, amortized cost	140,260,000	139,626,000
Debt securities, available for sale, gross unrealized gain	0	0
Debt securities, available for sale, gross unrealized loss	21,491,000	23,644,000
Debt securities, available-for-sale, fair value	118,769,000	115,982,000
Corporate obligations
Available for sale
Debt securities, available-for-sale, amortized cost	11,500,000	11,500,000
Debt securities, available for sale, gross unrealized gain	0	0
Debt securities, available for sale, gross unrealized loss	1,922,000	1,867,000
Debt securities, available-for-sale, fair value	$ 9,578,000	$ 9,633,000

Investment Securities - Held-to

Investment Securities - Held-to-Maturity Credit Quality Indicators (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Investment securities - held to maturity	$ 5,752,200	$ 6,672,233
State and municipal obligations
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Investment securities - held to maturity	5,752,000	$ 6,672,000
State and municipal obligations | AA+
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Investment securities - held to maturity	1,177,000
State and municipal obligations | AA
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Investment securities - held to maturity	690,000
State and municipal obligations | AA-
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Investment securities - held to maturity	584,000
State and municipal obligations | A+
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Investment securities - held to maturity	854,000
State and municipal obligations | BBB+
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Investment securities - held to maturity	122,000
State and municipal obligations | Not rated
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Investment securities - held to maturity	$ 2,325,000

Investment Securities_ Investme

Investment Securities: Investments Classified by Contractual Maturity Date (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Amortized Cost
Debt securities, available-for-sale, amortized cost, within one year	$ 2,819,000
Debt securities, available-for-sale, amortized cost, one to five years	16,507,000
Debt securities, available-for-sale, amortized cost, five to ten years	42,168,000
Debt securities, available-for-sale, amortized cost, after ten years	145,157,000
Debt securities, available for sale, amortized cost	206,651,000
Debt securities, available for sale, amortized cost, mortgage backed securities -GSE residential	140,260,000
Fair Value
Debt securities, available-for-sale, fair value, within one year	2,805,000
Debt securities, available-for-sale, fair value, one to five years	15,552,000
Debt securities, available-for-sale, fair value, five to ten years	38,412,000
Debt securities, available-for-sale, fair value, after ten years	116,207,000
Debt securities, available for sale, fair value	172,976,000
Debt securities, available for sale, fair value, mortgage backed securities -GSE residential	118,769,000
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Held-to-Maturity, amortized cost, within one year	485,000
Held-to-Maturity, amortized cost, one to five years	3,462,000
Held-to-Maturity, amortized cost, five to ten years	915,000
Held-to-Maturity, amortized cost, after ten years	890,000
Debt securities, held-to-maturity, amortized cost	5,752,000
Held-to-Maturity, amortized cost, mortgage backed securities -GSE residential	0
Debt Securities, Held-to-maturity, Maturity, Fair Value [Abstract]
Held-to-Maturity, fair value, within one year	485,000
Held-to-Maturity, fair value, one to five years	3,436,000
Held-to-Maturity, fair value, five to ten years	926,000
Held-to-Maturity, fair value, after ten years	873,000
Held-to-Maturity, fair value	5,720,000
Held-to-Maturity, fair value, mortgage backed securities -GSE residential	0
Debt securities, available-for-sale, and equity securities, amortized cost	346,911,000	$ 347,876,000
Debt securities, available-for-sale, and equity securities, fair value	291,745,000	284,900,000
Debt securities, held-to-maturity, amortized cost	5,752,200	6,672,233
Debt securities, held-to-maturity, fair value	$ 5,720,000	$ 6,577,000

Investment Securities_ Market_2

Investment Securities: Marketable Securities (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Securities pledged as security, carrying value	$ 142,062,000		$ 134,302,000
Proceeds from sales of securities available for sale	0	$ 0
Investments reported at less than historical cost, fair value	$ 294,926,000		$ 288,846,000
Investments reported at less than historical cost as percentage of total securities	99%		99%

Investment Securities_ Unrealiz

Investment Securities: Unrealized Gain (Loss) on Investments (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available-for-sale, less than 12 months, fair value	$ 20,007,000	$ 121,173,000
Available-for-sale, less than 12 months, unrealized loss	820,000	16,893,000
Available-for-sale, 12 months or more, fair value	271,360,000	162,265,000
Available-for-sale, 12 months or more, unrealized losses	54,365,000	46,088,000
Available-for-sale, total unrealized losses	291,367,000	283,438,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	55,185,000	62,981,000
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss [Abstract]
Impaired securities, less than 12 months, fair value	23,108,000	126,168,000
Impaired securities, less than 12 months, unrealized loss	857,000	17,001,000
Impaired securities, 12 months or more, fair value	271,818,000	162,678,000
Impaired securities, 12 months or more, unrealized losses	54,379,000	46,092,000
Impaired securities, total fair value	294,926,000	288,846,000
Impaired securities, total unrealized losses	55,236,000	63,093,000
U.S. Treasury securities
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available-for-sale, less than 12 months, fair value	3,466,000	3,460,000
Available-for-sale, less than 12 months, unrealized loss	24,000	27,000
Available-for-sale, 12 months or more, fair value	0	0
Available-for-sale, 12 months or more, unrealized losses	0	0
Available-for-sale, total unrealized losses	3,466,000	3,460,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	24,000	27,000
SBA Pools
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available-for-sale, less than 12 months, fair value	0	1,237,000
Available-for-sale, less than 12 months, unrealized loss	0	145,000
Available-for-sale, 12 months or more, fair value	5,187,000	4,234,000
Available-for-sale, 12 months or more, unrealized losses	564,000	489,000
Available-for-sale, total unrealized losses	5,187,000	5,471,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	564,000	634,000
Federal agencies
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available-for-sale, less than 12 months, fair value	0	0
Available-for-sale, less than 12 months, unrealized loss	0	0
Available-for-sale, 12 months or more, fair value	12,951,000	12,648,000
Available-for-sale, 12 months or more, unrealized losses	2,049,000	2,352,000
Available-for-sale, total unrealized losses	12,951,000	12,648,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	2,049,000	2,352,000
State and municipal obligations
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available-for-sale, less than 12 months, fair value	8,650,000	76,986,000
Available-for-sale, less than 12 months, unrealized loss	338,000	11,825,000
Available-for-sale, 12 months or more, fair value	129,460,000	59,257,000
Available-for-sale, 12 months or more, unrealized losses	28,797,000	22,632,000
Available-for-sale, total unrealized losses	138,110,000	136,243,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	29,135,000	34,457,000
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss [Abstract]
Held-to-maturity, less than 12 months, fair value	3,101,000	4,995,000
Held-to-maturity, less than 12 months, unrealized losses	37,000	108,000
Held-to-maturity, 12 months or more, fair value	458,000	413,000
Held-to-maturity, 12 months or more, unrealized losses	14,000	4,000
Held-to-maturity, total fair value	3,559,000	5,408,000
Held-to-maturity, total unrealized losses	51,000	112,000
Mortgage-backed securities - government-sponsored enterprises (GSE) residential
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available-for-sale, less than 12 months, fair value	5,481,000	32,446,000
Available-for-sale, less than 12 months, unrealized loss	118,000	3,440,000
Available-for-sale, 12 months or more, fair value	116,594,000	83,537,000
Available-for-sale, 12 months or more, unrealized losses	21,373,000	20,204,000
Available-for-sale, total unrealized losses	122,075,000	115,983,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	21,491,000	23,644,000
Corporate obligations
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available-for-sale, less than 12 months, fair value	2,410,000	7,044,000
Available-for-sale, less than 12 months, unrealized loss	340,000	1,456,000
Available-for-sale, 12 months or more, fair value	7,168,000	2,589,000
Available-for-sale, 12 months or more, unrealized losses	1,582,000	411,000
Available-for-sale, total unrealized losses	9,578,000	9,633,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ 1,922,000	$ 1,867,000

Loans, Leases and Allowance_ Sc

Loans, Leases and Allowance: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($)	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	$ 1,005,306,000		$ 975,000,000
Allowance for credit losses on loans and leases	15,495,419	$ 15,077,000	12,413,035	$ 12,317,000	$ 12,108,000
Deferred loan fees	694,000		896,000
Total	989,116,525		961,690,677
Commercial mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	321,314,000		298,087,000
Allowance for credit losses on loans and leases	4,728,000	4,381,000	4,776,000	4,730,000	4,742,000
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	97,880,000		100,420,000
Allowance for credit losses on loans and leases	1,538,000	1,651,000	1,291,000	1,557,000	1,639,000
Construction and development
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	125,521,000		139,923,000
Allowance for credit losses on loans and leases	3,475,000	3,639,000	2,855,000	2,434,000	2,286,000
Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	132,407,000		124,914,000
Allowance for credit losses on loans and leases	1,967,000	1,856,000	1,955,000	2,032,000	1,875,000
Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	152,376,000		146,129,000
Allowance for credit losses on loans and leases	1,596,000	1,515,000	76,000	263,000	263,000
Home equity lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	10,923,000		11,010,000
Allowance for credit losses on loans and leases	112,000	112,000	23,000	35,000	29,000
Direct financing leases
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	143,281,000		133,469,000
Allowance for credit losses on loans and leases	1,765,000	1,618,000	1,196,000	1,064,000	1,079,000
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	21,604,000		21,048,000
Allowance for credit losses on loans and leases	$ 314,000	$ 305,000	$ 241,000	$ 202,000	$ 195,000

Loans_ Schedule of Financing Re

Loans: Schedule of Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	$ 65,978
2022	272,592
2021	235,922
2020	91,548
2019	79,690
Prior	151,094
Revolving loans amortized cost basis	108,482
Total	1,005,306		$ 975,000
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	7
2022	19
2021	97
2020	5
2019	1
Prior	0
Revolving loans amortized cost basis	0
Total	129	$ 34
Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total			958,227
Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total			4,034
Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total			12,710
Doubtful
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total			29
Commercial mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,702
2022	74,237
2021	74,185
2020	30,209
2019	47,339
Prior	72,169
Revolving loans amortized cost basis	13,473
Total	321,314		298,087
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total	0	0
Commercial mortgage | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,702
2022	74,237
2021	74,185
2020	30,209
2019	47,339
Prior	70,727
Revolving loans amortized cost basis	13,473
Total	319,872		296,253
Commercial mortgage | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	892
Revolving loans amortized cost basis	0
Total	892		1,277
Commercial mortgage | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	550
Revolving loans amortized cost basis	0
Total	550		557
Commercial mortgage | Doubtful
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total			0
Commercial and industrial
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,681
2022	14,789
2021	21,062
2020	6,775
2019	1,976
Prior	14,325
Revolving loans amortized cost basis	29,272
Total	97,880		100,420
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total	0	0
Commercial and industrial | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,681
2022	14,760
2021	20,937
2020	6,186
2019	1,976
Prior	12,421
Revolving loans amortized cost basis	24,892
Total	90,853		92,620
Commercial and industrial | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	29
2021	125
2020	0
2019	0
Prior	1,689
Revolving loans amortized cost basis	525
Total	2,368		2,605
Commercial and industrial | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	589
2019	0
Prior	215
Revolving loans amortized cost basis	3,855
Total	4,659		5,195
Commercial and industrial | Doubtful
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total			0
Construction and development
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	7,171
2022	44,858
2021	25,365
2020	11,453
2019	5,464
Prior	976
Revolving loans amortized cost basis	30,234
Total	125,521
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total	0
Construction and development | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	7,171
2022	44,858
2021	25,365
2020	11,453
2019	564
Prior	976
Revolving loans amortized cost basis	30,234
Total	120,621
Construction and development | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	4,900
Prior	0
Revolving loans amortized cost basis	0
Total	4,900
Multi-family
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	2,052
2022	37,528
2021	34,853
2020	6,761
2019	7,485
Prior	18,841
Revolving loans amortized cost basis	24,887
Total	132,407		124,914
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total	0	$ 0
Multi-family | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	2,052
2022	37,528
2021	34,853
2020	6,761
2019	7,485
Prior	18,841
Revolving loans amortized cost basis	24,887
Total	132,407		124,914
Multi-family | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total			0
Multi-family | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total			0
Multi-family | Doubtful
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total			0
Residential mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,885
2022	35,313
2021	38,193
2020	17,458
2019	9,450
Prior	42,077
Revolving loans amortized cost basis	0
Total	152,376
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total	0
Residential mortgage | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,885
2022	35,313
2021	38,193
2020	17,458
2019	9,300
Prior	40,436
Revolving loans amortized cost basis	0
Total	150,585
Residential mortgage | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	150
Prior	1,641
Revolving loans amortized cost basis	0
Total	1,791
Home equity
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	12
2022	0
2021	295
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	10,616
Total	10,923
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total	0
Home equity | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	12
2022	0
2021	295
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	10,588
Total	10,895
Home equity | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	28
Total	28
Direct financing leases
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	24,622
2022	54,890
2021	36,691
2020	17,636
2019	7,205
Prior	2,237
Revolving loans amortized cost basis	0
Total	143,281
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	80
2020	5
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total	85
Direct financing leases | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	24,622
2022	54,890
2021	36,552
2020	17,619
2019	7,199
Prior	2,237
Revolving loans amortized cost basis	0
Total	143,119
Direct financing leases | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	139
2020	17
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total	156
Direct financing leases | Doubtful
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	6
Prior	0
Revolving loans amortized cost basis	0
Total	6
Consumer
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	2,853
2022	10,977
2021	5,278
2020	1,256
2019	771
Prior	469
Revolving loans amortized cost basis	0
Total	21,604		$ 21,048
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	7
2022	19
2021	17
2020	0
2019	1
Prior	0
Revolving loans amortized cost basis	0
Total	44
Consumer | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	2,853
2022	10,972
2021	5,265
2020	1,256
2019	763
Prior	468
Revolving loans amortized cost basis	0
Total	21,577
Consumer | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	5
2021	13
2020	0
2019	8
Prior	1
Revolving loans amortized cost basis	0
Total	$ 27

Loans, Leases and Allowance_ Po

Loans, Leases and Allowance: Portfolio Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	$ 1,005,306	$ 975,000
Commercial mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	321,314	298,087
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	97,880	100,420
Construction and development
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	125,521	139,923
Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	132,407	124,914
Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	152,376	146,129
Home equity lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	10,923	11,010
Direct financing leases
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	143,281	133,469
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	21,604	21,048
Pass
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		958,227
Pass | Commercial mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	319,872	296,253
Pass | Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	90,853	92,620
Pass | Construction and development
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		135,023
Pass | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	132,407	124,914
Pass | Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		144,190
Pass | Home equity lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		10,958
Pass | Direct financing leases
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		133,254
Pass | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		21,015
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		4,034
Special Mention | Commercial mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	892	1,277
Special Mention | Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	2,368	2,605
Special Mention | Construction and development
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Special Mention | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Special Mention | Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Special Mention | Home equity lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Special Mention | Direct financing leases
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		152
Special Mention | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		12,710
Substandard | Commercial mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	550	557
Substandard | Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans	$ 4,659	5,195
Substandard | Construction and development
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		4,900
Substandard | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Substandard | Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		1,939
Substandard | Home equity lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		52
Substandard | Direct financing leases
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		34
Substandard | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		33
Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		29
Doubtful | Commercial mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Doubtful | Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Doubtful | Construction and development
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Doubtful | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Doubtful | Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Doubtful | Home equity lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Doubtful | Direct financing leases
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		29
Doubtful | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Loss
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Loss | Commercial mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Loss | Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Loss | Construction and development
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Loss | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Loss | Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Loss | Home equity lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Loss | Direct financing leases
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		0
Loss | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Portfolio loans		$ 0

Loans, Leases and Allowance_ _2

Loans, Leases and Allowance: Schedule of Loans Classified by Aging Analysis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Portfolio loans	$ 1,005,306	$ 975,000
Total Loans and Leases > 90 Days Accruing	3,006	3,173
Commercial mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	321,314	298,087
Total Loans and Leases > 90 Days Accruing	0	0
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Portfolio loans	97,880	100,420
Total Loans and Leases > 90 Days Accruing	1,284	1,285
Construction and development
Financing Receivable, Past Due [Line Items]
Portfolio loans	125,521	139,923
Total Loans and Leases > 90 Days Accruing	0	0
Multi-family
Financing Receivable, Past Due [Line Items]
Portfolio loans	132,407	124,914
Total Loans and Leases > 90 Days Accruing	0	0
Residential mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	152,376	146,129
Total Loans and Leases > 90 Days Accruing	1,679	1,825
Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Portfolio loans	10,923	11,010
Total Loans and Leases > 90 Days Accruing	9	30
Direct financing leases
Financing Receivable, Past Due [Line Items]
Portfolio loans	143,281	133,469
Total Loans and Leases > 90 Days Accruing	7	0
Consumer
Financing Receivable, Past Due [Line Items]
Portfolio loans	21,604	21,048
Total Loans and Leases > 90 Days Accruing	27	33
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio loans	982	673
30-59 Days Past Due | Commercial mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	25	26
30-59 Days Past Due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Portfolio loans	5	0
30-59 Days Past Due | Construction and development
Financing Receivable, Past Due [Line Items]
Portfolio loans	0	0
30-59 Days Past Due | Multi-family
Financing Receivable, Past Due [Line Items]
Portfolio loans	0	0
30-59 Days Past Due | Residential mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	148	272
30-59 Days Past Due | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Portfolio loans	200	0
30-59 Days Past Due | Direct financing leases
Financing Receivable, Past Due [Line Items]
Portfolio loans	488	204
30-59 Days Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Portfolio loans	116	171
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio loans	381	213
60-89 Days Past Due | Commercial mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	0	0
60-89 Days Past Due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Portfolio loans	147	0
60-89 Days Past Due | Construction and development
Financing Receivable, Past Due [Line Items]
Portfolio loans	0	0
60-89 Days Past Due | Multi-family
Financing Receivable, Past Due [Line Items]
Portfolio loans	0	0
60-89 Days Past Due | Residential mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	37	129
60-89 Days Past Due | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Portfolio loans	0	0
60-89 Days Past Due | Direct financing leases
Financing Receivable, Past Due [Line Items]
Portfolio loans	93	25
60-89 Days Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Portfolio loans	104	59
90 Days and Over
Financing Receivable, Past Due [Line Items]
Portfolio loans	9,854	9,103
90 Days and Over | Commercial mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	0	0
90 Days and Over | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Portfolio loans	3,120	2,202
90 Days and Over | Construction and development
Financing Receivable, Past Due [Line Items]
Portfolio loans	4,900	4,900
90 Days and Over | Multi-family
Financing Receivable, Past Due [Line Items]
Portfolio loans	0	0
90 Days and Over | Residential mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	1,791	1,938
90 Days and Over | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Portfolio loans	9	30
90 Days and Over | Direct financing leases
Financing Receivable, Past Due [Line Items]
Portfolio loans	7	0
90 Days and Over | Consumer
Financing Receivable, Past Due [Line Items]
Portfolio loans	27	33
Total Past Due
Financing Receivable, Past Due [Line Items]
Portfolio loans	11,217	9,989
Total Past Due | Commercial mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	25	26
Total Past Due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Portfolio loans	3,272	2,202
Total Past Due | Construction and development
Financing Receivable, Past Due [Line Items]
Portfolio loans	4,900	4,900
Total Past Due | Multi-family
Financing Receivable, Past Due [Line Items]
Portfolio loans	0	0
Total Past Due | Residential mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	1,976	2,339
Total Past Due | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Portfolio loans	209	30
Total Past Due | Direct financing leases
Financing Receivable, Past Due [Line Items]
Portfolio loans	588	229
Total Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Portfolio loans	247	263
Current
Financing Receivable, Past Due [Line Items]
Portfolio loans	994,089	965,011
Current | Commercial mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	321,289	298,061
Current | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Portfolio loans	94,608	98,218
Current | Construction and development
Financing Receivable, Past Due [Line Items]
Portfolio loans	120,621	135,023
Current | Multi-family
Financing Receivable, Past Due [Line Items]
Portfolio loans	132,407	124,914
Current | Residential mortgage
Financing Receivable, Past Due [Line Items]
Portfolio loans	150,400	143,790
Current | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Portfolio loans	10,714	10,980
Current | Direct financing leases
Financing Receivable, Past Due [Line Items]
Portfolio loans	142,693	133,240
Current | Consumer
Financing Receivable, Past Due [Line Items]
Portfolio loans	$ 21,357	$ 20,785

Loans, Leases and Allowance_ Fi

Loans, Leases and Allowance: Financing Receivable, Nonaccrual (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Nonaccrual loans and leases	$ 5,612	$ 6,003
Nonaccrual loans and leases without an allowance for credit losses	118
Interest income recognized on nonaccrual loans and leases	1
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual loans and leases	594	961
Nonaccrual loans and leases without an allowance for credit losses	0
Interest income recognized on nonaccrual loans and leases	1
Construction
Financing Receivable, Past Due [Line Items]
Nonaccrual loans and leases	4,900	4,900
Nonaccrual loans and leases without an allowance for credit losses	0
Interest income recognized on nonaccrual loans and leases	0
Residential mortgage
Financing Receivable, Past Due [Line Items]
Nonaccrual loans and leases	112	113
Nonaccrual loans and leases without an allowance for credit losses	112
Interest income recognized on nonaccrual loans and leases	0
Leases
Financing Receivable, Past Due [Line Items]
Nonaccrual loans and leases	6	$ 29
Nonaccrual loans and leases without an allowance for credit losses	6
Interest income recognized on nonaccrual loans and leases	$ 0

Loans, Leases and Allowance_ Am

Loans, Leases and Allowance: Amortized Cost Basis of Collateral Dependent Loans (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost Basis	$ 5,606
Allowance on Collateral Dependent Loans	1,043
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost Basis	594
Allowance on Collateral Dependent Loans	293
Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost Basis	4,900
Allowance on Collateral Dependent Loans	750
Residential mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost Basis	112
Allowance on Collateral Dependent Loans	0
Direct financing leases
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost Basis	0
Allowance on Collateral Dependent Loans	$ 0

Loans, Leases and Allowance_ Tr

Loans, Leases and Allowance: Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) contract	Dec. 31, 2022 USD ($)
Receivables [Abstract]
Number of loan and leases modified | contract	0
Troubled debt restructuring, write-down	$ 0
Troubled debt restructurings related allowance		$ 0
Troubled debt restructuring, subsequent default payments	$ 0

Loans, Leases and Allowance_ Ot

Loans, Leases and Allowance: Other Real Estate Owned (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Foreclosed residential real estate with physical possession	$ 367	$ 57
Consumer mortgage loans secured by residential real estate properties in process of foreclosure	$ 431	$ 1,071

Loans, Leases and Allowance_ Di

Loans, Leases and Allowance: Direct Financing Lease, Lease Income (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Total minimum lease payments to be received	$ 159,788	$ 147,520
Initial direct costs	8,937	8,058
Direct financing lease revenue	168,725	155,578
Less: Unearned income	(25,444)	(22,109)
Net investment in direct finance leases	$ 143,281	$ 133,469

Loans, Leases and Allowance_ Le

Loans, Leases and Allowance: Leases Serviced for the Benefit of Others (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Leases serviced for the benefit of others	$ 0	$ 0
Recorded recourse obligation on leases sold with recourse	$ 0	$ 0

Loans, Leases and Allowance_ _3

Loans, Leases and Allowance: Schedule of Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Receivables [Abstract]
Remainder of 2023	$ 43,905
2024	48,708
2025	34,833
2026	21,351
2027	9,512
Thereafter	1,479
Payments to be received	$ 159,788

Loans, Leases and Allowance_ Su

Loans, Leases and Allowance: Summarizes Changes in the Allowance for Credit Losses (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allowance for loan losses:
Allowance for loan and lease losses, beginning	$ 12,413,035	$ 12,108,000
Provision (reversal) for credit losses	340,000	200,000
Charge-offs	(129,000)	(34,000)
Recoveries	207,000	43,000
Allowance for loan and lease losses, ending	15,495,419	12,317,000
Impact of adopting ASC 326
Allowance for loan losses:
Allowance for loan and lease losses, beginning	2,664,000
Commercial mortgage
Allowance for loan losses:
Allowance for loan and lease losses, beginning	4,776,000	4,742,000
Provision (reversal) for credit losses	337,000	(19,000)
Charge-offs	0	0
Recoveries	10,000	7,000
Allowance for loan and lease losses, ending	4,728,000	4,730,000
Commercial mortgage | Impact of adopting ASC 326
Allowance for loan losses:
Allowance for loan and lease losses, beginning	(395,000)
Commercial and industrial
Allowance for loan losses:
Allowance for loan and lease losses, beginning	1,291,000	1,639,000
Provision (reversal) for credit losses	(125,000)	(97,000)
Charge-offs	0	0
Recoveries	12,000	15,000
Allowance for loan and lease losses, ending	1,538,000	1,557,000
Commercial and industrial | Impact of adopting ASC 326
Allowance for loan losses:
Allowance for loan and lease losses, beginning	360,000
Construction and development
Allowance for loan losses:
Allowance for loan and lease losses, beginning	2,855,000	2,286,000
Provision (reversal) for credit losses	(164,000)	148,000
Charge-offs	0	0
Recoveries	0	0
Allowance for loan and lease losses, ending	3,475,000	2,434,000
Construction and development | Impact of adopting ASC 326
Allowance for loan losses:
Allowance for loan and lease losses, beginning	784,000
Multi-family
Allowance for loan losses:
Allowance for loan and lease losses, beginning	1,955,000	1,875,000
Provision (reversal) for credit losses	111,000	157,000
Charge-offs	0	0
Recoveries	0	0
Allowance for loan and lease losses, ending	1,967,000	2,032,000
Multi-family | Impact of adopting ASC 326
Allowance for loan losses:
Allowance for loan and lease losses, beginning	(99,000)
Residential mortgage
Allowance for loan losses:
Allowance for loan and lease losses, beginning	76,000	263,000
Provision (reversal) for credit losses	71,000	(6,000)
Charge-offs	0	0
Recoveries	10,000	6,000
Allowance for loan and lease losses, ending	1,596,000	263,000
Residential mortgage | Impact of adopting ASC 326
Allowance for loan losses:
Allowance for loan and lease losses, beginning	1,439,000
Home equity
Allowance for loan losses:
Allowance for loan and lease losses, beginning	23,000	29,000
Provision (reversal) for credit losses	0	6,000
Charge-offs	0	0
Recoveries	0	0
Allowance for loan and lease losses, ending	112,000	35,000
Home equity | Impact of adopting ASC 326
Allowance for loan losses:
Allowance for loan and lease losses, beginning	89,000
Direct financing leases
Allowance for loan losses:
Allowance for loan and lease losses, beginning	1,196,000	1,079,000
Provision (reversal) for credit losses	68,000	(15,000)
Charge-offs	(85,000)	(10,000)
Recoveries	164,000	10,000
Allowance for loan and lease losses, ending	1,765,000	1,064,000
Direct financing leases | Impact of adopting ASC 326
Allowance for loan losses:
Allowance for loan and lease losses, beginning	422,000
Consumer
Allowance for loan losses:
Allowance for loan and lease losses, beginning	241,000	195,000
Provision (reversal) for credit losses	42,000	26,000
Charge-offs	(44,000)	(24,000)
Recoveries	11,000	5,000
Allowance for loan and lease losses, ending	314,000	$ 202,000
Consumer | Impact of adopting ASC 326
Allowance for loan losses:
Allowance for loan and lease losses, beginning	$ 64,000

Loans, Leases and Allowance_ Na

Loans, Leases and Allowance: Narrative (Details)	Mar. 31, 2023 USD ($) segment
Loans and Leases Receivable Disclosure [Line Items]
Number of loan portfolio segments | segment	8
Commercial mortgage
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, period increase (decrease)	$ 16,600,000
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, period increase (decrease)	$ 3,700,000
Allowance for credit loss, historical loss rate, decrease	0.1285%
Construction and development
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, period increase (decrease)	$ (13,700,000)
Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, period increase (decrease)	7,500,000
Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, period increase (decrease)	6,000,000
Home equity
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, period increase (decrease)	0
Leases
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, period increase (decrease)	9,800,000
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, period increase (decrease)	$ 649,000

Loans, Leases and Allowance_ _4

Loans, Leases and Allowance: Financing Receivable, Allowance for Credit Loss (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allowance for loan losses:
Allowance for loan and lease losses, beginning	$ 12,413,035	$ 12,108,000
Provision (reversal) for credit losses	340,000	200,000
Charge-offs	(129,000)	(34,000)
Recoveries	207,000	43,000
Allowance for loan and lease losses, ending	15,495,419	12,317,000
Commercial mortgage
Allowance for loan losses:
Allowance for loan and lease losses, beginning	4,776,000	4,742,000
Provision (reversal) for credit losses	337,000	(19,000)
Charge-offs	0	0
Recoveries	10,000	7,000
Allowance for loan and lease losses, ending	4,728,000	4,730,000
Commercial and industrial
Allowance for loan losses:
Allowance for loan and lease losses, beginning	1,291,000	1,639,000
Provision (reversal) for credit losses	(125,000)	(97,000)
Charge-offs	0	0
Recoveries	12,000	15,000
Allowance for loan and lease losses, ending	1,538,000	1,557,000
Construction and development
Allowance for loan losses:
Allowance for loan and lease losses, beginning	2,855,000	2,286,000
Provision (reversal) for credit losses	(164,000)	148,000
Charge-offs	0	0
Recoveries	0	0
Allowance for loan and lease losses, ending	3,475,000	2,434,000
Multi-family
Allowance for loan losses:
Allowance for loan and lease losses, beginning	1,955,000	1,875,000
Provision (reversal) for credit losses	111,000	157,000
Charge-offs	0	0
Recoveries	0	0
Allowance for loan and lease losses, ending	1,967,000	2,032,000
Residential mortgage
Allowance for loan losses:
Allowance for loan and lease losses, beginning	76,000	263,000
Provision (reversal) for credit losses	71,000	(6,000)
Charge-offs	0	0
Recoveries	10,000	6,000
Allowance for loan and lease losses, ending	1,596,000	263,000
Home equity
Allowance for loan losses:
Allowance for loan and lease losses, beginning	23,000	29,000
Provision (reversal) for credit losses	0	6,000
Charge-offs	0	0
Recoveries	0	0
Allowance for loan and lease losses, ending	112,000	35,000
Leases
Allowance for loan losses:
Allowance for loan and lease losses, beginning	1,196,000	1,079,000
Provision (reversal) for credit losses	68,000	(15,000)
Charge-offs	(85,000)	(10,000)
Recoveries	164,000	10,000
Allowance for loan and lease losses, ending	1,765,000	1,064,000
Consumer
Allowance for loan losses:
Allowance for loan and lease losses, beginning	241,000	195,000
Provision (reversal) for credit losses	42,000	26,000
Charge-offs	(44,000)	(24,000)
Recoveries	11,000	5,000
Allowance for loan and lease losses, ending	$ 314,000	$ 202,000

Loans, Leases and Allowance_ _5

Loans, Leases and Allowance: Financing Receivable, Allowance for Loan and Lease losses (Details) - USD ($)	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan and lease losses, individually evaluated for impairment			$ 1,031,000
Allowance for loan and lease losses, collectively evaluated for impairment			11,382,000
Allowance for loan and lease losses:	$ 15,495,419	$ 15,077,000	12,413,035	$ 12,317,000	$ 12,108,000
Loans and leases, individually evaluated for impairment			5,974,000
Loans and leases, collectively evaluated for impairment			969,026,000
Total	1,005,306,000		975,000,000
Commercial mortgage
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan and lease losses, individually evaluated for impairment			0
Allowance for loan and lease losses, collectively evaluated for impairment			4,776,000
Allowance for loan and lease losses:			4,776,000
Loans and leases, individually evaluated for impairment			0
Loans and leases, collectively evaluated for impairment			298,087,000
Total			298,087,000
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan and lease losses, individually evaluated for impairment			281,000
Allowance for loan and lease losses, collectively evaluated for impairment			1,010,000
Allowance for loan and lease losses:			1,291,000
Loans and leases, individually evaluated for impairment			961,000
Loans and leases, collectively evaluated for impairment			99,459,000
Total			100,420,000
Construction and development
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan and lease losses, individually evaluated for impairment			750,000
Allowance for loan and lease losses, collectively evaluated for impairment			2,105,000
Allowance for loan and lease losses:			2,855,000
Loans and leases, individually evaluated for impairment			4,900,000
Loans and leases, collectively evaluated for impairment			135,023,000
Total			139,923,000
Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan and lease losses, individually evaluated for impairment			0
Allowance for loan and lease losses, collectively evaluated for impairment			1,955,000
Allowance for loan and lease losses:			1,955,000
Loans and leases, individually evaluated for impairment			0
Loans and leases, collectively evaluated for impairment			124,914,000
Total			124,914,000
Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan and lease losses, individually evaluated for impairment			0
Allowance for loan and lease losses, collectively evaluated for impairment			76,000
Allowance for loan and lease losses:			76,000
Loans and leases, individually evaluated for impairment			113,000
Loans and leases, collectively evaluated for impairment			146,016,000
Total			146,129,000
Home equity
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan and lease losses, individually evaluated for impairment			0
Allowance for loan and lease losses, collectively evaluated for impairment			23,000
Allowance for loan and lease losses:			23,000
Loans and leases, individually evaluated for impairment			0
Loans and leases, collectively evaluated for impairment			11,010,000
Total			11,010,000
Leases
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan and lease losses, individually evaluated for impairment			0
Allowance for loan and lease losses, collectively evaluated for impairment			1,196,000
Allowance for loan and lease losses:			1,196,000
Loans and leases, individually evaluated for impairment			0
Loans and leases, collectively evaluated for impairment			133,469,000
Total			133,469,000
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan and lease losses, individually evaluated for impairment			0
Allowance for loan and lease losses, collectively evaluated for impairment			241,000
Allowance for loan and lease losses:			241,000
Loans and leases, individually evaluated for impairment			0
Loans and leases, collectively evaluated for impairment			21,048,000
Total	$ 21,604,000		$ 21,048,000

Loans, Leases and Allowance_ Im

Loans, Leases and Allowance: Impaired Financing Receivables (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Recorded Balance
Impaired loans without a specific valuation allowance, recorded balance	$ 479
Impaired loans with a specific valuation allowance, recorded balance	5,495
Total impaired loans, recorded balance	5,974
Unpaid Principal Balance
Impaired loans without a specific valuation allowance, unpaid principal balance	867
Impaired loans with a specific valuation allowance, unpaid principal balance	5,543
Total impaired loans, unpaid principal balance	6,410
Loans with a specific valuation allowance	1,031
Commercial mortgage
Recorded Balance
Impaired loans without a specific valuation allowance, recorded balance	0
Total impaired loans, recorded balance	0
Unpaid Principal Balance
Impaired loans without a specific valuation allowance, unpaid principal balance	59
Total impaired loans, unpaid principal balance	59
Loans with a specific valuation allowance	0
Commercial and industrial
Recorded Balance
Impaired loans without a specific valuation allowance, recorded balance	366
Impaired loans with a specific valuation allowance, recorded balance	595
Total impaired loans, recorded balance	961
Unpaid Principal Balance
Impaired loans without a specific valuation allowance, unpaid principal balance	567
Impaired loans with a specific valuation allowance, unpaid principal balance	643
Total impaired loans, unpaid principal balance	1,210
Loans with a specific valuation allowance	281
Residential mortgage
Recorded Balance
Impaired loans without a specific valuation allowance, recorded balance	113
Total impaired loans, recorded balance	113
Unpaid Principal Balance
Impaired loans without a specific valuation allowance, unpaid principal balance	241
Total impaired loans, unpaid principal balance	241
Loans with a specific valuation allowance	0
Construction and development
Recorded Balance
Impaired loans with a specific valuation allowance, recorded balance	4,900
Total impaired loans, recorded balance	4,900
Unpaid Principal Balance
Impaired loans with a specific valuation allowance, unpaid principal balance	4,900
Total impaired loans, unpaid principal balance	4,900
Loans with a specific valuation allowance	$ 750

Loans, Leases and Allowance_ Av

Loans, Leases and Allowance: Average Investment in Impaired Loans and Leases, and Interest Income (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Financing Receivable, Past Due [Line Items]
Average Investment in Impaired Loans and Leases	$ 6,127
Interest Income Recognized	20
Commercial mortgage
Financing Receivable, Past Due [Line Items]
Average Investment in Impaired Loans and Leases	122
Interest Income Recognized	12
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Average Investment in Impaired Loans and Leases	987
Interest Income Recognized	7
Construction and development
Financing Receivable, Past Due [Line Items]
Average Investment in Impaired Loans and Leases	4,900
Interest Income Recognized	0
Residential mortgage
Financing Receivable, Past Due [Line Items]
Average Investment in Impaired Loans and Leases	118
Interest Income Recognized	$ 1

Loans, Leases and Allowance_ _6

Loans, Leases and Allowance: Impact Of ASC 326 Adoption on Off-Balance Sheet Commitments (Details)	3 Months Ended
	Mar. 31, 2023 USD ($)
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, December 31, 2022	$ 0
Provision for credit losses	(170,000)
Balance, March 31, 2023	2,204,000
Impact of adopting ASC 326
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, December 31, 2022	$ 2,374,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	$ 291,745	$ 284,900
Mortgage-backed securities - government-sponsored enterprises (GSE) residential | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	118,769	115,982
Corporate obligations | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	9,578	9,633
U.S. Treasury securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	3,466	3,460
SBA Pools | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	5,719	6,135
Federal agencies | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	12,951	12,648
State and municipal obligations | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	141,262	137,042
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	3,466	3,460
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities - government-sponsored enterprises (GSE) residential | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate obligations | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	3,466	3,460
Quoted Prices in Active Markets for Identical Assets (Level 1) | SBA Pools | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Federal agencies | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | State and municipal obligations | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Other Observable Inputs (Level 2) | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	288,279	281,440
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities - government-sponsored enterprises (GSE) residential | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	118,769	115,982
Significant Other Observable Inputs (Level 2) | Corporate obligations | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	9,578	9,633
Significant Other Observable Inputs (Level 2) | U.S. Treasury securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Other Observable Inputs (Level 2) | SBA Pools | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	5,719	6,135
Significant Other Observable Inputs (Level 2) | Federal agencies | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	12,951	12,648
Significant Other Observable Inputs (Level 2) | State and municipal obligations | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	141,262	137,042
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed securities - government-sponsored enterprises (GSE) residential | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Corporate obligations | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | U.S. Treasury securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | SBA Pools | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Federal agencies | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | State and municipal obligations | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments: Fair Value Measurements, Nonrecurring (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Mortgage-servicing rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure		$ 2,012
Collateral-dependent loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	$ 300	314
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-servicing rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateral-dependent loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Other Observable Inputs (Level 2) | Mortgage-servicing rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure		0
Significant Other Observable Inputs (Level 2) | Collateral-dependent loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-servicing rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure		2,012
Significant Unobservable Inputs (Level 3) | Collateral-dependent loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, fair value disclosure	$ 300	$ 314

Fair Value of Financial Instr_5

Fair Value of Financial Instruments: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage-servicing rights	$ 2,013,331	$ 2,011,889
Significant Unobservable Inputs (Level 3)
Fair Value, Option, Quantitative Disclosures [Line Items]
Collateral-dependent loans	$ 300,000	314,000
Mortgage-servicing rights		$ 2,012,000
Significant Unobservable Inputs (Level 3) | Discount rate | Discount rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage-servicing rights, Measurement Input		0.10
Minimum | Significant Unobservable Inputs (Level 3) | Marketability discount | Appraisal
Fair Value, Option, Quantitative Disclosures [Line Items]
Collateral-dependent loans, measurement input	0	0
Maximum | Significant Unobservable Inputs (Level 3) | Marketability discount | Appraisal
Fair Value, Option, Quantitative Disclosures [Line Items]
Collateral-dependent loans, measurement input	0.44	0.42

Fair Value of Financial Instr_6

Fair Value of Financial Instruments: Schedule of Fair Value of Financial Instruments (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Interest-earning time deposits	$ 7,708,212	$ 8,139,745
Held-to-maturity securities	5,720,000	6,577,000
FHLB advances	183,500,000	180,000,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Financial assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	17,390,000	15,922,000
Interest-earning time deposits	0	0
Available-for-sale securities	3,466,000	3,460,000
Held-to-maturity securities	0	0
Loans held for sale		0
Loans and leases receivable, net	0	0
Federal Reserve and FHLB stock	0	0
Interest receivable	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Financial liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Deposits	0	0
FHLB advances	0	0
Interest payable	0	0
Significant Other Observable Inputs (Level 2) | Financial assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	0	0
Interest-earning time deposits	489,000	490,000
Available-for-sale securities	288,279,000	281,440,000
Held-to-maturity securities	5,720,000	6,577,000
Loans held for sale		0
Loans and leases receivable, net	0	0
Federal Reserve and FHLB stock	10,082,000	9,947,000
Interest receivable	4,683,000	4,710,000
Significant Other Observable Inputs (Level 2) | Financial liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Deposits	1,022,931,000	996,375,000
FHLB advances	178,492,000	174,426,000
Interest payable	2,547,000	1,369,000
Significant Unobservable Inputs (Level 3) | Financial assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	0	0
Interest-earning time deposits	0	0
Available-for-sale securities	0	0
Held-to-maturity securities	0	0
Loans held for sale		433,000
Loans and leases receivable, net	904,924,000	883,169,000
Federal Reserve and FHLB stock	0	0
Interest receivable	0	0
Significant Unobservable Inputs (Level 3) | Financial liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Deposits	0	0
FHLB advances	0	0
Interest payable	0	0
Carrying Value | Financial assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	17,390,000	15,922,000
Interest-earning time deposits	490,000	490,000
Available-for-sale securities	291,745,000	284,900,000
Held-to-maturity securities	5,752,000	6,672,000
Loans held for sale		474,000
Loans and leases receivable, net	989,117,000	961,691,000
Federal Reserve and FHLB stock	10,082,000	9,947,000
Interest receivable	4,683,000	4,710,000
Carrying Value | Financial liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Deposits	1,030,034,000	1,005,261,000
FHLB advances	183,500,000	180,000,000
Interest payable	$ 2,547,000	$ 1,369,000

Earnings per Share_ Schedule of

Earnings per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net income (loss)	$ 2,904	$ 3,018
Average shares outstanding (in shares)	11,758,118	12,347,125
Less: average restricted stock award shares not vested (in shares)	261,291	348,395
Less: average unearned ESOP Shares (in shares)	897,098	951,205
Shares outstanding for Basic EPS (in shares)	10,599,729	11,047,525
Additional dilutive shares (in shares)	136,048	426,940
Shares outstanding for diluted EPS (in shares)	10,735,777	11,474,465
Basic earnings per share (in USD per share)	$ 0.27	$ 0.27
Diluted earnings per share (in USD per share)	$ 0.27	$ 0.26

Benefit Plans_ Narrative (Detai

Benefit Plans: Narrative (Details)				3 Months Ended		12 Months Ended
	Apr. 01, 2021 USD ($) $ / shares shares	Oct. 01, 2020 USD ($) $ / shares shares	Jul. 01, 2020 $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares	Jun. 30, 2021 installment	Sep. 15, 2020 shares
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution plan, employer matching contribution, percent of employees' gross pay				50%
Defined contribution plan, employer matching contribution, percent of match				6%
Defined contribution plan, administrative expense				$ 37,000	$ 53,000
Total ESOP shares (in shares) | shares			1,082,130	1,082,130		1,082,130
Quoted per share price (in USD per share) | $ / shares			$ 13.59	$ 10.37		$ 13.01
Value of ESOP shares				$ 12,009,214		$ 12,193,043
Share-based payment arrangement, expense				$ (170,511)	$ (226,121)
Granted (in shares) | shares				0
Grant date fair value (in USD per share) | $ / shares				$ 0
Restricted Stock
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Grant date fair value (in USD per share) | $ / shares				$ 0
2020 Equity Incentive Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Granted (in shares) | shares	8,000	1,095,657
Grant date fair value (in USD per share) | $ / shares	$ 13.86	$ 10.53
2020 Equity Incentive Plan | Stock option
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Common shares authorized (in shares) | shares								1,352,662
Stock options vesting installments | installment							5
Share-based payment arrangement, expense				$ 153,000
Tax benefit recognized				17,000
Unrecognized compensation expense				1,400,000
2020 Equity Incentive Plan | Restricted Stock
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Common shares authorized (in shares) | shares								541,065
Common shares awarded (in shares) | shares	4,000	449,086
Grant date fair value (in USD per share) | $ / shares	$ 13.86	$ 10.53
Total market value	$ 55,000	$ 4,700,000
Stock options vesting installments | installment							5
Share-based payment arrangement, expense				227,000
Tax benefit recognized				48,000
Unrecognized compensation expense				$ 2,100,000

Benefit Plans_ Employee Stock O

Benefit Plans: Employee Stock Ownership Plan (ESOP) Disclosures (Details) - USD ($)		3 Months Ended		12 Months Ended
	Jul. 01, 2020	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Retirement Benefits [Abstract]
ESOP shares expense		$ 170,511	$ 226,121
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Earned ESOP shares (in shares)		198,409		184,882
Unearned ESOP shares (in shares)		883,721		897,248
Total ESOP shares (in shares)	1,082,130	1,082,130		1,082,130
Quoted per share price (in USD per share)	$ 13.59	$ 10.37		$ 13.01
Fair value of earned shares (in thousands)		$ 2,058,000		$ 2,405,000
Fair value of unearned shares (in thousands)		$ 9,164,000		$ 11,673,000

Benefit Plans_ Restricted Stock

Benefit Plans: Restricted Stock Activity (Details) - Restricted Stock	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Number of Restricted Shares
Nonvested, beginning balance (in shares) | shares	261,291
Granted (in shares) | shares	0
Vested (in shares) | shares	0
Forfeited (in shares) | shares	0
Nonvested, ending balance (in shares) | shares	261,291
Weighted Average Grant Date Fair Value
Nonvested, beginning balance (in UDS per share) | $ / shares	$ 10.56
Granted (in USD per share) | $ / shares	0
Vested (in USD per share) | $ / shares	0
Forfeited (in USD per share) | $ / shares	0
Nonvested, ending balance (in UDS per share) | $ / shares	$ 10.56

Benefit Plans_ Stock Option Act

Benefit Plans: Stock Option Activity (Details)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Number of Shares
Beginning balance (in shares) | shares	1,050,961
Granted (in shares) | shares	0
Exercised (in shares) | shares	0
Forfeited/expired (in shares) | shares	0
Ending balance (in shares) | shares	1,050,961
Exercisable at end of year (in shares) | shares	413,120
Weighted-Average Exercise Price
Balance at beginning of year (in USD per share) | $ / shares	$ 10.56
Grant date fair value (in USD per share) | $ / shares	0
Exercised (in USD per share) | $ / shares	0
Forfeited/expired (in USD per share) | $ / shares	0
Balance at end of year (in USD per share) | $ / shares	10.56
Exercisable at end of year (in USD per share) | $ / shares	$ 10.56

Benefit Plans_ Fair Value Measu

Benefit Plans: Fair Value Measurement of Stock Options (Details)	Apr. 01, 2021
Retirement Benefits [Abstract]
Dividend yields	1.90%
Volatility factors of expected market price of common stock	26.98%
Risk-free interest rates	1.16%
Expected life of options (in years)	6 years 1 month 6 days

Benefit Plans_ Stock Option Sta

Benefit Plans: Stock Option Status (Details)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Shares
Non-vested, beginning of year (in shares) | shares	637,841
Vested (in shares) | shares	0
Granted (in shares) | shares	0
Forfeited (in shares) | shares	0
Non-vested, end of year (in shares) | shares	637,841
Weighted Average Grant Date Fair Value
Non-vested, beginning of year (in USD per share) | $ / shares	$ 2.91
Vested (in USD per share) | $ / shares	0
Granted (in USD per share) | $ / shares	0
Forfeited (in USD per share) | $ / shares	0
Non-vested, end of year (in USD per share) | $ / shares	$ 2.91

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event	1 Months Ended
	May 15, 2023 shares
Subsequent Event [Line Items]
Shares repurchased (in shares)	140,770
Remaining number of shares authorized to be repurchased (in shares)	883,073