Generations Bancorp NY (GBNY) 10-K 29 Mar 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Mar. 25, 2021	Jan. 13, 2021
Document and Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Entity Registrant Name	Generations Bancorp NY, Inc.
Title of 12(b) Security	Common Stock
Trading Symbol	GBNY
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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 Public Float			$ 25.7
Entity Common Stock, Shares Outstanding		2,551,940
Entity Central Index Key	0001823365
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS:
Cash and due from banks	$ 4,168	$ 6,685
Interest earning deposits	22,662	6,763
Total cash and cash equivalents	26,830	13,448
Investment securities available-for-sale, at fair value	17,926	30,627
Investment securities held-to-maturity (fair value 2020-$1,510, 2019-$2,110)	1,480	2,078
Equity investment securities, at fair value	661	2,579
Federal Home Loan Bank stock, at cost	1,992	2,267
Loans	287,461	261,280
Less: Allowance for loan losses	1,821	1,660
Loans receivable, net	285,640	259,620
Premises and equipment, net	16,743	17,588
Bank-owned life insurance	7,777	6,893
Pension plan asset	8,720	7,605
Foreclosed real estate & repossessed assets	45	70
Goodwill	792	792
Intangible assets, net	848	913
Accrued interest receivable	1,179	1,215
Other assets	2,381	1,854
Total assets	373,014	347,549
Deposits:
Noninterest-bearing	65,673	38,098
Interest-bearing	243,873	245,240
Total deposits	309,546	283,338
Long-term borrowings	27,628	31,448
Subordinated debt	1,235	735
Advances from borrowers for taxes and insurance	2,595	2,712
Other liabilities	2,124	1,085
Total liabilities	343,128	319,318
Shareholders' equity:
Preferred stock, par value $0.01; 1,000,000 shares authorized; none issued
Common stock, par value $0.01; 9,000,000 shares authorized; 2,551,940 shares issued in 2020 and 2019; 2,463,507 and 2,467,507 shares outstanding in 2020 and 2019	26	26
Additional paid in capital	11,954	11,962
Retained earnings	20,256	18,571
Accumulated other comprehensive loss	(1,415)	(1,662)
Treasury stock, at cost; 88,433 and 84,433 shares in 2020 and 2019	(614)	(573)
Stock held in rabbi trust	(290)
Unearned ESOP shares, at cost	(31)	(93)
Total shareholders' equity	29,886	28,231
Total liabilities and shareholders' equity	$ 373,014	$ 347,549

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Financial Condition
Investment securities held-to-maturity, fair value	$ 1,510	$ 2,110
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	9,000,000	9,000,000
Common Stock, Shares, Issued	2,551,940	2,551,940
Common Stock, Shares, Outstanding	2,463,507	2,467,507
Treasury Stock, Shares	88,433	84,433

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Interest and dividend income:
Loans, including fees	$ 12,390	$ 11,742
Debt and equity securities:
Taxable	72	117
Tax-exempt	809	678
Interest earning deposits	14	102
Other	131	129
Total interest income	13,416	12,768
Interest expense:
Deposits	2,260	2,533
Short-term borrowings	3	29
Long-term borrowings	591	546
Subordinated debt	71	59
Total interest expense	2,925	3,167
Net interest income	10,491	9,601
Provision for loan losses	480	360
Net interest income after provision for loan losses	10,011	9,241
Noninterest income:
Banking fees and service charges	1,480	1,642
Mortgage banking income, net	47	84
Insurance commissions	755	804
Investment services commissions	88	284
Earnings on bank-owned life insurance	134	131
Unrealized gains (losses) on equity securities	(113)	270
Net gain on sale of securities	1,100	265
Other charges, commissions & fees	469	68
Total noninterest income	3,960	3,548
Noninterest expense:
Compensation and benefits	5,621	6,137
Occupancy and equipment	2,076	2,122
Service charges	1,957	2,257
Regulatory assessments	313	212
Professional and other services	646	479
Advertising	418	388
Other expenses	1,296	1,262
Total noninterest expenses	12,327	12,857
Income before income tax benefit	1,644	(68)
Benefit for income taxes	(104)	(155)
Net income	1,748	87
Net income available to common shareholders	$ 1,748	$ 87
Earnings per common share	$ 0.71	$ 0.04

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Comprehensive (Loss) Income
Net income	$ 1,748	$ 87
Unrealized gains on securities available-for-sale:
Unrealized holding gains arising during the period	1,153	776
Reclassification adjustment for net gains included in net income	(1,071)	(274)
Net unrealized gains on securities available-for-sale	82	502
Defined benefit pension plan:
Net gains arising during the period	96	255
Reclassification of amortization of net losses recognized in net pension expense	135	191
Net change in defined benefit pension plan asset	231	446
Other comprehensive income before tax	313	948
Tax effect	(66)	(199)
Other comprehensive income net of tax	247	749
Total comprehensive income	$ 1,995	$ 836

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity - USD ($) $ in Thousands	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Unearned ESOP Shares	Stock Held by Rabbi Trust	Total
Beginning balance at Dec. 31, 2018	$ 26	$ 11,958	$ 18,484	$ (2,411)	$ (532)	$ (156)		$ 27,369
Increase (decrease) in stockholders' equity
Net income (loss)			87					87
Other comprehensive income/loss				749				749
Repurchase of common stock					(41)			(41)
ESOP shares committed to be released (6,221 shares)		4				63		67
Ending balance at Dec. 31, 2019	26	11,962	18,571	(1,662)	(573)	(93)		28,231
Increase (decrease) in stockholders' equity
Net income (loss)			1,748					1,748
Other comprehensive income/loss				247				247
Purchase of common stock for SERPs							$ (290)	(290)
Repurchase of common stock					(41)			(41)
ESOP shares committed to be released (6,221 shares)		(8)				62		54
Mutual Holding Company merger			(63)					(63)
Ending balance at Dec. 31, 2020	$ 26	$ 11,954	$ 20,256	$ (1,415)	$ (614)	$ (31)	$ (290)	$ 29,886

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders’ Equity (Parentheticals) - shares	Sep. 30, 2019	Dec. 31, 2020
Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)
ESOP shares committed to be released (in shares)	6,221	6,221

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
OPERATING ACTIVITIES
Net income (loss)	$ 1,748	$ 87
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for loan losses	480	360
Deferred income tax benefit	662	(159)
Real estate acquired through foreclosure		4
Premises and equipment		36
Available-for-sale investment securities	(1,071)	(265)
Equity securities	(29)
Write-down of premises and equipment to fair value	25
Write-down of other real estate owned to fair value	30
Unrealized (gains) losses on equity securities	113	(270)
Depreciation	1,051	1,080
Prepaid conversion costs expensed		209
Amortization of intangible asset	65	55
Amortization of fair value adjustment to purchased loan portfolio	(69)	(57)
ESOP expense	54	67
Amortization of deferred loan costs	151	134
Earnings on bank-owned life insurance	(134)	(131)
Change in pension plan assets	(884)	(797)
Net amortization of premiums and discounts on investment securities	(18)	53
Net change in accrued interest receivable	36	(169)
Net change in other assets and liabilities	(1,212)	1,128
Net cash provided by operating activities	998	1,365
INVESTING ACTIVITIES
Purchased of Bank-Owned Life insurance	(750)
Purchase of equity investment securities	(1)	(76)
Purchase of investment securities available-for-sale	(6,876)	(20,146)
Net proceeds from the (purchase of) redemption of Federal Home Loan Bank stock	275	(180)
Available-for-sale investment securities	1,851	1,707
Held-to-maturity investment securities	590	676
Available-for-sale investment securities	18,906	259
Equity investment securities	2,423	8,670
Real estate acquired through foreclosure	110	58
Premises and equipment		95
Net change in loans	(26,697)	(16,039)
Purchase of premises and equipment	(231)	(809)
Net cash used in investing activities	(10,400)	(25,785)
FINANCING ACTIVITIES
Net change in demand deposits, savings accounts, and money market accounts	50,275	(2,588)
Net change in time deposits	(24,067)	30,710
Net change in brokered time deposits		(5,227)
Net repayments of from short-term borrowings		(1,000)
Payments on long-term borrowings	(9,820)	(8,121)
Proceeds from subordinated debt offering	500
Proceeds from long-term borrowings	6,000	15,000
Captial infusion of MHC Merger	(63)
Repurchase of common stock	(41)	(41)
Net cash provided by financing activities	22,784	28,733
Increase in cash and cash equivalents	13,382	4,313
Cash and cash equivalents at beginning of period	13,448	9,135
Cash and cash equivalents at end of period	26,830	13,448
Supplemental Cash Flows Information
Interest	2,997	3,154
Taxes received	$ 115	$ 82

Organization and Nature of Oper

Organization and Nature of Operations	12 Months Ended
	Dec. 31, 2020
Organization and Nature of Operations
Organization and Nature of Operations	1. Organization and Nature of Operations Seneca-Cayuga Bancorp, Inc. (the “Holding Company”) is a federally chartered stock holding company and a subsidiary of The Seneca Falls Savings Bank, MHC (the “Mutual Holding Company”), a federally chartered mutual holding company. At December 31, 2020 and 2019, the Mutual Holding Company owned 1,480,715 shares, or 60.10% and 60.01%, respectively, of the Holding Company’s outstanding stock, and the remaining Holding Company stock is held by the public or has been repurchased by the Holding Company. The Mutual Holding Company activity is not included in the accompanying consolidated financial statements. Generations Bank (the “Bank”) is a wholly owned subsidiary of the Holding Company. Originally called Seneca Falls Savings Bank, the Bank changed its name in 2012 to improve name and brand recognition. On September 29, 2018, Medina Savings and Loan Association (“MSL”), a mutual savings and loan association owned by its depositors, was merged into the Bank as additional retail offices, expanding our market footprint. All assets and liabilities of MSL were acquired and the consideration given in exchange for this mutual transaction was the issuance of Holding Company stock to our Mutual Holding Company. Based on a third party appraised value of MSL, 171,440 shares were issued to the Mutual Holding Company. Effective December 31, 2018, the Bank officially established Generations Commercial Bank (the “Commercial Bank”), a New York State chartered limited-purpose commercial bank formed expressly to enable local municipalities to deposit public funds with the Bank in accordance with existing NYS municipal law. Although having received regulatory approval and funding the Commercial Bank with $2,500,000 in capital in the year-end December 31, 2018, the Commercial Bank opened for business on January 2, 2019. The Bank maintains its executive offices and main retail location in Seneca Falls, New York, with retail offices in Waterloo, Geneva, Auburn, Union Springs, Phelps, Farmington, Medina and Albion, New York. The Bank is a community-oriented savings institution whose business primarily consists of accepting deposits from customers within its market area and investing those funds in loans secured by one- to four-family residential real estate, commercial real estate, business or personal assets and in investment securities. The Bank also offers financial and investments services to its customers through licensed employees. In addition, Generations Agency, Inc. (the “Agency”) offers personal and commercial insurance products through licensed employees in the same market area. The Agency is the Bank’s wholly-owned subsidiary.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies a. Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Holding Company, the Bank, the Commercial Bank and the Agency. The consolidated entity is referred to as the “Company” in the following notes to the consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation. Amounts in the prior year’s consolidated financial statements have been reclassified whenever necessary to conform to the current year’s presentation. Such reclassifications had no impact on net income. b. Use of Estimates The preparation of consolidated financial statements, in accordance with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management has identified the allowance for loan losses, deferred income taxes, pension obligations and the evaluation of investment securities for other-than-temporary impairment to be the accounting areas that require the most subjective and complex judgments, and as such, could be the most subject to revision as new information becomes available. The Company is subject to the regulations of various governmental agencies. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to further changes with respect to asset valuations, amounts of required loss allowances, and operating restrictions resulting from the regulators’ judgments based on information available to them at the time of their examinations. c. Cash and Cash Equivalents Cash and cash equivalents include cash, amounts due from banks, including interest-bearing demand deposits and items in the process of collection. The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. d. Securities The Company reports debt securities in one of the following categories: (i) “held-to-maturity” which management has the positive intent and ability to hold debt securities to maturity. These securities are reported at amortized cost adjusted for the amortization of premiums and accretion of discounts; or (ii) “available-for-sale” which includes all other debt securities and are reported at fair value, with unrealized gains and losses excluded from earnings and reported in accumulated other comprehensive loss. The Company classifies its debt securities in one of these categories based upon determinations made at the time of purchase, and re-evaluates their classification each quarter-end. Premiums and discounts on debt securities are amortized, or accreted, to interest income over the term of the security and adjusted for the effect of actual prepayments in the case of mortgage-backed securities. Gains and losses on the sales of securities are recognized in income when sold, using the specific identification method, on a trade date basis. Equity securities are reported at fair value, with unrealized gains and losses included in earnings. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the accompanying consolidated financial statements. Note 4 to the consolidated financial statements includes additional information about the Company’s accounting policies with respect to the impairment of investment securities. e. Federal Home Loan Bank of New York Stock The Bank, as a member of the Federal Home Loan Bank (“FHLB”) system, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no quoted fair value and is carried at cost, which approximates fair value. f. Loans Receivable The Company grants residential mortgage, commercial and consumer loans to customers, principally located in the Finger Lakes Region of New York State and extending north to Orleans County. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are stated at their outstanding unpaid principal balances, less the allowance for loan losses and plus net deferred loan origination costs. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in the market area. Interest income is generally recognized when income is earned using the interest method. Nonrefundable loan fees received, and the related direct origination costs incurred, are deferred and amortized over the life of the loan using a method that approximates the interest method, resulting in a constant effective yield over the loan term. Deferred fees are recognized into income and deferred costs are charged to income immediately upon prepayment of the related loan. The loans receivable portfolio is segmented into residential mortgage, commercial and consumer loans. The residential mortgage segment consists of one- to four-family first-lien residential mortgages and construction loans. Commercial loans consist of the following classes: real estate secured by nonresidential property, real estate secured by multi-family residences, construction and other commercial and industrial loans. Consumer loans include home equity (both installment loans and lines of credit), residential junior-lien loans, manufactured home loans, automobile, student and other consumer loans. g. Allowance for Loan Losses The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction of loans. The allowance for loan losses is increased by the provision for loan losses, and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable is charged off to the allowance as soon as it is determined that the repayment of all, or part, of the principal balance is highly unlikely. Consumer loans not secured by residential real estate are generally charged off no later than 90 days past due on a contractual basis, earlier in the event of bankruptcy, or if there is an amount deemed uncollectible. Because all identified losses are immediately charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying amount of that loan. The general component covers pools of loans by loan class including commercial loans not considered impaired, automobile loans identified in pools by product and underwriting standards, as well as smaller balance homogeneous consumer loans. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative risk factors. These qualitative risk factors include:  Asset quality trends  The trend in loan growth and portfolio mix  Regional and local economic conditions  Historical loan loss experience  Underlying credit quality Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. The risk characteristics within the loan portfolio vary depending on the loan segment. Consumer loans generally are repaid from personal sources of income. Risks associated with consumer loans primarily include general economic risks such as declines in the local economy creating higher rates of unemployment. Those conditions may also lead to a decline in collateral values should the Company be required to repossess the collateral securing consumer loans. These economic risks also impact the commercial loan segment, however commercial loans are considered to have greater risk than consumer loans as the primary source of repayment is from the cash flow of the business customer. Real estate loans, including residential mortgages, commercial real estate loans and home equity loans comprise approximately 77% of the portfolio in 2019 and 78% in 2018. Loans secured by real estate provide the best collateral protection and thus significantly reduce the inherent risk in the portfolio. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial loans, by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance for loan losses is established for an impaired loan if its carrying amount exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, including those in construction, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made as to whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging’s or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment disclosures, unless such loans are the subject of a troubled debt restructuring agreement. Loans whose terms are modified are classified as troubled debt restructurings if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring generally involve a temporary reduction in interest rate or an extension of a loan’s stated maturity date. Loans classified as troubled restructurings are designated as impaired. The indirect automobile program loans, and the loans originated under a direct sub-prime automobile program, are evaluated separately from the rest of the consumer loan portfolio. Due to the inherent risk of the program loans, they are evaluated based on the historical losses in the portfolio and discounted collateral values. Since this piece of the portfolio no longer enjoys the participation of the dealers, their continuing reserves and dealer cooperation, there are no longer available cash reserves accumulated as part of the indirect loan assignment agreements with local dealers. The direct sub-prime automobile program was offered to consumers for approximately Nine Months in 2014. The program was discontinued after a detailed analysis revealed that the loan type carried higher risk characteristics than the other automobile portfolios. We have analyzed the historical loss factors to date and have assigned higher reserve factors to these loans to represent the associated risk. Reserves for this loan type are based on the rate of delinquency, the prospect of payment established by collection efforts and discounted collateral values. On March 27,2020, the President of the United State signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which provides entities with optional temporary relief from certain accounting and financial reporting requirements under U.S. GAPP. Section 4013 of the CARES Act allows financial institutions to suspend application of certain TDR accounting guidance for loan an d lease modifications related to COVID-19 Pandemic made between March 1, 2020 and the earlier of December 31, 2020 or 60 days after the end of the COVID-19 national emergency, provided certain criteria are met. Section 4013 pf the CARE Act was amended on December 27, 2020 to extended this relief until January 1, 2022. The relief can be applied to loan and lease modifications for borrowers that were not more than 30 days past due as of December 31, 2019 and to loan and lease modifications that defer to re delay the payment of principal or interest, or change the interest rate on the loan. The Company choose to apply this relief to eligible loan and lease modifications. The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for all loans. Credit quality risk ratings include regulatory classifications of special mention, substandard, doubtful and loss. Loans classified as special mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as doubtful have all the weaknesses inherent in loans classified as substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as loss are considered uncollectible and are charged to the allowance for loans losses. Loans not classified are rated as pass. In addition, Federal regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination, which may not be currently available to management. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. j. Income Recognition on Impaired and Non-accrual Loans For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan may be currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on non-accrual status, unpaid interest is reversed and charged to interest income. Interest received on non-accrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time and the ultimate collectability of the total contractual principal and interest is no longer in doubt. Non-accrual troubled debt restructurings are restored to accrual status if principal and interest payments, under the modified terms, are current for six consecutive months after modification. When future collectability of the recorded loan balance is expected, interest income may be recognized on a cash basis. In the case where a non-accrual loan had been partially charged off, recognition of interest on a cash basis is limited to that which would have been recognized on the recorded loan balance at the contractual interest rate. Cash interest receipts in excess of that amount are recorded as recoveries to the allowance for loan losses until prior charge-offs have been fully recovered. i. Premises and equipment Land is carried at cost. Buildings, improvements and equipment are carried at cost less accumulated depreciation and amortization. Depreciation expense is provided on a straight-line basis over the estimated useful lives of the related assets, which is generally 15 to 40 years for buildings and 3 to 10 years for furniture, equipment, computers and software. Leasehold improvements are amortized over the shorter of the terms of the lease or useful life. Maintenance and repairs are charged to operating expenses as incurred. The asset cost and accumulated depreciation are removed from the accounts for assets sold or retired and any resulting gain or loss is included in the determination of income. Premises and equipment are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of a particular asset may not be recoverable. j. Bank-owned life insurance The Bank invests in bank-owned life insurance (BOLI) as a source of funding for employee benefit expenses. BOLI involves the purchasing of life insurance by the Bank on a chosen group of employees. The Bank is the owner and beneficiary of the life insurance policies, and as such, the investment is carried at the cash surrender value of the underlying policies. In 2012, the Bank purchased additional BOLI to offset the cost of the director’s retirement plan and the addition of a supplemental executive retirement plan. The 2012 purchase of $2 million in additional BOLI on senior management includes a split-dollar arrangement on a portion of the insurance benefit. The policies are carried at the cash surrender value and the liability for the split dollar arrangement is recorded in other liabilities. Income from the increase in cash surrender value of the policies is included in noninterest income on the consolidated statements of income. k. Intangible assets and goodwill Intangible assets represent acquired assets that lack physical substance, but can be distinguished from goodwill because of contractual or other legal rights. The Company’s intangible assets include customer lists and covenants not to compete that were acquired in connection with business acquisitions. On December 28, 2016, the Company purchased the John G. Sweeney Agency, Inc. and the associated covenant not to compete was recorded as an intangible asset. Goodwill is reflected in the insurance agency segment. This asset will be amortized over 7 years in accordance with the life identified in the purchase contract. Additionally, as part of recording the purchase of assets and liabilities of MSL at fair value upon the September 29, 2018 merger, Generations Bank recorded a $964,000 Core Deposit Intangible (“CDI”). The CDI valuation method employed a discounted cash flow analysis to determine the fair value of the acquired core deposits to fund operations, versus using comparable term (i.e. term to maturity) wholesale borrowings. A positive valuation results because the overall cost of core deposits (interest rate plus operating expense less other income) is lower than the cost of a laddered portfolio of borrowings structured with the same maturity as the projected core deposit base. As of the Valuation Date, the value of Medina’s core deposits was, in aggregate, $964,000 on a pre-tax basis, equal to 2.50% of the acquired core deposits. This asset will be amortized over 15 years in accordance with the fair value analysis provided by a third party. The Company reviews its identifiable assets for impairment whenever events or circumstances indicate that the carrying value may not be recoverable. Goodwill represents the excess of the cost of an acquisition over the fair value of tangible and identifiable intangible assets acquired in a business combination utilizing purchase accounting. The stock purchase of the John G. Sweeney Agency, Inc. was recorded as goodwill of $792,000. The value of goodwill is tested at least annually for impairment. The MSL merger did not have goodwill. l. Employee benefit plans The Bank funds two noncontributory defined benefit pension plans, one plan that accrues benefits for employees of Generations Bank that were hired prior to October 1, 2016 and the second plan that was acquired with the MSL merger and covers MSL employees that were participants of that plan effective September 30, 2018. Both plans have been frozen to new employees and cover eligible Company employees at least 21 years of age and with at least one year of service. Benefits under these plans generally are based on employees’ years of service and compensation. The Bank makes annual contributions to the plans equal to the maximum amount that can be deducted for income tax purposes. The Bank sponsors an Employee Stock Ownership Plan (“ESOP”) covering substantially all full time employees. Acquisitions of the Holding Company’s common stock for the Plan by the Bank were funded internally through a borrowing from the Holding Company, which is repayable semi-annually with interest over fifteen years. The cost of shares issued to the ESOP but not allocated to participants is presented in the consolidated statement of financial condition as a reduction of shareholders’ equity. ESOP shares are released to participants proportionately as the loan is repaid. Allocations to individual accounts are based on participant compensation. As shares are committed to be released to participants, the Company reports compensation expense equal to the current market price of the shares and the shares become outstanding for earnings per share computations. The difference between the market price and the cost of shares committed to be released is recorded as an adjustment to additional paid-in-capital. Dividends on allocated shares reduce retained earnings; dividends on unallocated ESOP shares reduce debt and accrued interest. The Company has a defined contribution plan under section 401(k) of the Internal Revenue Code. This plan covers all Company employees with at least twelve months of service. The Company’s contributions to this plan are discretionary, begin after one year of service and are determined annually by the Board of Directors. Employee contributions are voluntary. Employees vest immediately in their own contributions, and vest in the Company’s contributions based on years of service. The Company has a Directors Retirement Plan for the benefit of its eligible non-employee members of the Board of Directors of the Company. This plan is an unfunded arrangement and intended to comply with Internal Revenue Code Section 409A. The plan allows for deferred compensation elections and a supplemental contribution by the Bank. The Company also has a supplemental executive retirement plan, under Internal Revenue Code Section 409A, for selected officers. This plan is an unfunded arrangement that consists on an annual contribution calculated based on a target benefit. m. Foreclosed real estate and repossessed assets Real estate and other assets acquired in settlement of loans are carried at the fair value of the property at the date of acquisition less estimated selling costs. The following table represents the detail of such assets at December 31: Year Ended December 31, (In thousands) 2020 2019 Foreclosed real estate $ 45 $ 60 Repossessed assets — 10 $ 45 $ 70 Write-downs from cost to fair value less estimated selling costs, which are required at the time of foreclosure or repossession, are charged to the allowance for loan losses. Subsequent write-downs to fair value, net of estimated selling costs and the net operating expenses of foreclosed assets, are charged to other noninterest expenses and were approximately $40,000 and $16,000 for years ended 2020 and 2019, respectively. At December 31, 2020 there were nine one- to four-family residential mortgage loans and two home equity loans in the process of foreclosure for a total of 558,000. At December 31, 2019, there were five one- to four-family residential mortgage loans and two related home equity loans in the process of foreclosure for a total of $278,000. n. Advertising The Company follows the policy of charging the costs of advertising to expense as incurred. o. Income taxes Deferred income tax assets and liabilities are determined using the liability method. Under this method, the net deferred tax asset or liability is recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases as well as net operating losses, capital losses and contribution carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period that includes the enactment date. To the extent that current available evidence about the future raises doubt about the likelihood of a deferred tax asset being realized, a valuation allowance is established. The judgment about the level of future taxable income, including that which is considered capital, is inherently subjective and is reviewed on a continual basis as regulatory and business factors change. Interest and penalties are included as a component of noninterest expense if incurred. Uncertain tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent. The terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. At December 31, 2020 and 2019, the Company had no uncertain tax positions. p. Comprehensive income Accounting principles generally accepted in the United States of America require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and unrecognized gains or losses and prior service credits for the defined benefit pension plan are reported as a separate component of the shareholders’ equity section of the consolidated statements of financial condition, such items, along with net income, are components of comprehensive income. The amounts of income tax (expense) benefit allocated to each component of other comprehensive income are as follows for the for years ended December 31, 2020 and 2019: For Years Ended December 31, (In thousands) 2020 2019 Unrealized gains on securities available-for-sale: Unrealized holding gains arising during the period $ (242) $ (163) Reclassification adjustment for net gains included in net income 225 58 Net unrealized gains on securities available-for-sale (17) (105) Defined benefit pension plan: Net plan gains arising during the period (20) (54) Reclassification of amortization of net losses and prior service credit recognized in net pension expense (29) (40) Net change in defined benefit pension plan asset (49) (94) $ (66) $ (199) The balances and changes in the components of accumulated other comprehensive income (loss), net of tax, are as follows: Unrealized Accumulated (Losses) Gains Defined Other Year Ended December 31, on Securities Benefit Comprehensive (In thousands) Available-for-Sale Pension Plan Income (Loss) Balance, January 1, 2020 $ 658 $ (2,320) $ (1,662) Other comprehensive gain before reclassifications 911 76 987 Amounts reclassified from AOCI to the income statement (846) 106 (740) Net current-period other comprehensive income 65 182 247 Balance, December 31, 2020 $ 723 $ (2,138) $ (1,415) Balance, January 1, 2019 $ 262 $ (2,673) $ (2,411) Other comprehensive gain before reclassifications 612 202 814 Amounts reclassified from AOCI to the income statement (216) 151 (65) Net current-period other comprehensive income 396 353 749 Balance, December 31, 2019 $ 658 $ (2,320) $ (1,662) (1) Reclassification from accumulated other comprehensive loss to retained earnings for the change in accounting treatment adopted under ASU 2016‑01. This amendment requires equity securities to be measured at fair value and the change in fair value to be recognized through net income. q. Earnings Per Common Share Basic earnings per common share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. The weighted-average number of common shares outstanding was 2,458,000 and 2,456,000 for the years ended December 31, 2020 and 2019. The Company has not granted any restricted stock awards or

Balances at Other Banks

Balances at Other Banks	12 Months Ended
	Dec. 31, 2020
Balances at Other Banks
Balances at Other Banks	3. Balances at Other Banks The Bank may be required to maintain cash balances on hand or with the Federal Reserve Bank. At December 31, 2020, the Bank did not have a reserve requirement. At December 31, 2020 and 2019, these reserve balances amounted to $0 and $1,745,000, respectively and were held in vault cash on hand and reported as cash and due from banks on the consolidated statements of financial condition.

Securities

Securities	12 Months Ended
	Dec. 31, 2020
Securities
Securities	4. Securities Investments in securities available-for-sale and held-to-maturity at December 31, 2020 and December 31, 2019 are summarized as follows: December 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains Losses Value Securities available-for-sale: Residential mortgage-backed - US agency and GSEs $ 39 $ 1 $ (1) $ 39 State and political subdivisions 16,971 916 — 17,887 Total securities available-for-sale $ 17,010 $ 917 $ (1) $ 17,926 Securities held-to-maturity: Residential mortgage-backed - US agency and GSEs $ 1,480 $ 33 $ (3) $ 1,510 Total securities held-to-maturity $ 1,480 $ 33 $ (3) $ 1,510 Equity securities: Large cap equity mutual fund $ 35 $ 35 Other mutual funds 626 626 Total of equity securities $ 661 $ 661 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains Losses Value Securities available-for-sale: Residential mortgage-backed - US agency and GSEs $ 48 $ 2 $ — $ 50 State and political subdivisions 29,746 903 (72) 30,577 Total securities available-for-sale $ 29,794 $ 905 $ (72) $ 30,627 Securities held-to-maturity: Residential mortgage-backed - US agency and GSEs 2,078 36 (4) 2,110 Total securities held-to-maturity $ 2,078 $ 36 $ (4) $ 2,110 Equity securities: Large cap equity mutual fund $ 31 $ 31 Other mutual funds 2,548 2,548 Total of equity securities $ 2,579 $ 2,579 Gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, is as follows: December 31, 2020 12 Months or Less More than 12 Months Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses Securities available-for-sale: Residential mortgage-backed - US agency and GSEs $ 24 $ (1) $ 2 $ — $ 26 $ (1) Total securities available-for-sale $ 1,090 $ (1) $ 2 $ — $ 1,092 $ (1) Securities held-to-maturity: Residential mortgage-backed - US agency and GSEs $ 150 $ (2) $ 97 $ (1) $ 247 $ (3) Total securities held-to-maturity $ 150 $ (2) $ 97 $ (1) $ 247 $ (3) December 31, 2019 12 Months or Less More than 12 Months Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses Securities available-for-sale: Residential mortgage-backed - US agency and GSEs* $ — $ — $ 4 $ — $ 4 $ — State and political subdivisions 8,779 (72) — — 8,779 (72) Total securities available-for-sale $ 8,779 $ (72) $ 4 $ — $ 8,783 $ (72) Securities held-to-maturity: Residential mortgage-backed - US agency and GSEs $ 68 $ (1) $ 217 $ (3) $ 285 $ (4) Total securities held-to-maturity $ 68 $ (1) $ 217 $ (3) $ 285 $ (4) * Gross unrealized losses are less than $1,000. The Company conducts a formal review of investment securities on a quarterly basis for the presence of other-than-temporary impairment (“OTTI”). Management assesses whether OTTI is present when the fair value of a debt security is less than its amortized cost basis at the statement of financial condition date. Under these circumstances, OTTI is considered to have occurred (1) if we intend to sell the security; (2) if it is “more likely than not” we will be required to sell the security before recovery of its amortized cost basis; or (3) the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. Credit-related OTTI is recognized in earnings while non-credit-related OTTI on securities not expected to be sold is recognized in other comprehensive income. Non-credit-related OTTI is based on other factors, including illiquidity. Presentation of OTTI is made in the consolidated statement of operations on a gross basis, including both the portion recognized in earnings as well as the portion recorded in other comprehensive income. Normally, the gross OTTI would then be offset by the amount of non-credit-related OTTI, showing the net as the impact on earnings. All OTTI charges have been credit-related to date, and therefore no offset has been presented on the consolidated statements of income. Eleven government agency and government sponsored enterprise (GSE) residential mortgage-backed security holdings have an unrealized loss as of December 31, 2020. The securities were issued by the Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC) and the Government National Mortgage Association (GNMA). All of the eleven government-backed securities that have unrealized losses are immaterial, with each of these securities having value deficiencies of $800 or less. None of the securities demonstrate a steadily increasing loss ratio and values fluctuate in reaction to the uncertainty of the economy. Principal and interest continue to be received on all securities as anticipated. The Company has the ability and intent to hold the securities through maturity or recovery of its amortized cost basis. With the government guarantees in place, management does not expect losses on these securities. No OTTI is deemed present on these securities. There were three municipal bonds with an unrealized loss at December 31, 2020. All three of these bonds that have unrealized losses are immaterial, with each of these securities having values deficiencies of $575 or less. The Company anticipates being paid in full. No OTTI is deemed present on these securities. The following table presents a roll-forward of the amount related to credit losses recognized in earnings for the years ended December 31: (In thousands) 2020 2019 Beginning balance – January 1 $ — $ 408 Initial credit impairment — — Subsequent credit impairments — — Reductions for amounts recognized in earnings due to intent or requirement to sell — — Reductions for securities sold — (408) Reductions for increases in cash flows expected to be collected — — Ending balance - December 31 $ — $ — The following is a summary of the amortized cost and estimated fair values of debt securities at December 31, 2020 and December 31, 2019, by remaining term to contractual maturity other than mortgage-backed securities. Actual maturities may differ from these amounts because certain issuers have the right to call or redeem their obligations prior to contractual maturity. The contractual maturities of debt securities generally exceed 20 years; however, the effective average life is expected to be substantially shorter due to anticipated repayments and prepayments. December 31, 2020 Securities Securities Available-for-Sale Held-to-Maturity Amortized Estimated Amortized Estimated (in thousands) Cost Fair Value Cost Fair Value Due in one year or less $ 974 $ 975 $ — $ — Due over one year through five years 1,400 1,426 — — Due over five through ten years 5,565 5,791 — — Due after ten years 9,032 9,695 — — 16,971 17,887 — — Residential mortgage-backed securities 39 39 1,480 1,510 Total $ 17,010 $ 17,926 $ 1,480 $ 1,510 Gross realized gains (losses) on sales and redemptions of securities for the year ended December 31 are detailed below: Year Ended December 31, (In thousands) 2020 2019 Realized gains $ 1,071 $ 274 Realized losses — — $ 1,071 $ 274 Securities with a fair value of $6,969,058, and $21,773,000 were pledged to collateralize certain deposit arrangements at December 31, 2020 and December 2019.

Loans Receivable

Loans Receivable	12 Months Ended
	Dec. 31, 2020
Loans Receivable
Loans Receivable	5. Loans Receivable Major classifications of loans at December 31, 2020 and 2019 are as follows: December 31, December 31, (In thousands) 2020 2019 Originated Loans Residential mortgages: One- to four-family $ 113,254 $ 120,208 Construction — 828 113,254 121,036 Commercial loans: Real estate - nonresidential 22,812 33,581 Multi-family 5,125 5,585 Construction — 100 Commercial business 20,178 14,028 48,115 53,294 Consumer: Home equity and junior liens 9,981 10,170 Manufactured homes 44,347 23,769 Automobile 21,469 21,083 Student 2,259 2,251 Recreational vehicle 14,557 263 Other consumer 4,081 1,724 96,694 59,260 Total originated loans 258,063 233,590 Net deferred loan costs 11,854 4,986 Less allowance for loan losses (1,821) (1,660) Net originated loans $ 268,096 $ 236,916 December 31, December 31, (In thousands) 2020 2019 Acquired Loans Residential mortgages: One- to four-family $ 14,102 $ 18,506 Construction — — 14,102 18,506 Commercial loans: Real estate - nonresidential 1,942 2,115 Commercial business 327 404 2,269 2,519 Consumer: Home equity and junior liens 1,406 1,833 Other consumer 190 361 1,596 2,194 Total acquired loans 17,967 23,219 Net deferred loan costs (67) (91) Fair value credit and yield adjustment (356) (424) Net acquired loans $ 17,544 $ 22,704 December 31, December 31, (In thousands) 2020 2019 Total Loans Residential mortgages: One- to four-family $ 127,356 $ 138,714 Construction — 828 127,356 139,542 Commercial loans: Real estate - nonresidential 24,754 35,696 Multi-family 5,125 5,585 Construction — 100 Commercial business 20,505 14,432 50,384 55,813 Consumer: Home equity and junior liens 11,387 12,003 Manufactured homes 44,347 23,769 Automobile 21,469 21,083 Student 2,259 2,251 Recreational vehicle 14,557 263 Other consumer 4,271 2,085 98,290 61,454 Total Loans 276,030 256,809 Net deferred loan costs 11,787 4,895 Fair value credit and yield adjustment (356) (424) Less allowance for loan losses (1,821) (1,660) Loans receivable, net $ 285,640 $ 259,620 The Company grants residential mortgage, commercial and consumer loans to customers throughout the Finger Lakes region of New York State, which includes parts of Cayuga, Seneca, Wayne, Yates and Ontario counties as well as Orleans County. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ abilities to honor their contracts is dependent upon the counties’ employment and economic conditions. To further diversify the loan portfolio, the Company also purchases loans that have been originated outside of the region. High quality automobile loans, originated in Northeastern United States, are purchased regularly from BCI Financial Corporation, a Connecticut Company. In 2019, the Company also began to purchase modular home loans originated throughout the United States from Triad Financial Services, Inc., who then services the loans for the Company. In 2020, the Company began to purchase automobile and recreational vehicle loans originated in New York State from OneSource Financial. The Commercial Business category includes Paycheck Protection Program ("PPP") loans that were authorized under the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). The PPP was implemented by the Small Business Administration ("SBA") with support from the Department of the Treasury and provided small businesses that were negatively impacted by the COVID-19 pandemic with government guaranteed and potentially forgivable loans that could be used to pay up to eight or twenty-four weeks, depending on the date of the loan, of payroll costs including benefits. Funds could also be used to pay interest on mortgages, rent, and utilities. PPP loans made by the Company have a maturity of two years and an interest rate of 1%. In addition, the SBA pays originating lenders processing fees based on the size of the loan, ranging from 1% to 5% of the loan amount. A borrower who meets certain requirements can request loan forgiveness from the SBA. If loan forgiveness is granted, the SBA will forward the forgiveness amount to the lender. Loan Origination / Risk Management The Company has lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by frequently providing management with reports related to loan production, loan quality, loan delinquencies, non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions. The loan portfolio is segregated into risk rating categories based on the borrower’s overall financial condition, repayment sources, guarantors, and value of collateral, if appropriate. The risk ratings are evaluated at least annually for commercial loans unless credit deficiencies arise, such as delinquent loan payments, for commercial, residential mortgage or consumer loans. Credit quality risk ratings include regulatory classifications of special mention, substandard, doubtful and loss. Loans classified as loss are considered uncollectible and are charged to the allowance for loan loss. Loans not classified are rated as pass. See further discussion of risk ratings in Note 2. The following table presents the classes of the loan portfolio summarized by the pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of December 31 2020 and 2019: December 31, 2020 Special (In thousands) Pass Mention Substandard Doubtful Total Originated Loans Residential mortgages: One- to four-family $ 109,752 $ 627 $ 2,875 $ — $ 113,254 Construction — — — — — 109,752 627 2,875 — 113,254 Commercial loans: Real estate - nonresidential 15,597 4,433 2,782 — 22,812 Multi-family 5,083 — 42 — 5,125 Construction — — — — — Commercial business 17,009 842 2,327 — 20,178 37,689 5,275 5,151 — 48,115 Consumer: Home equity and junior liens 9,923 — 58 — 9,981 Manufactured homes 44,272 — 75 — 44,347 Automobile 21,432 4 33 — 21,469 Student 2,259 — — — 2,259 Recreational vehicle 14,527 30 — — 14,557 Other consumer 4,046 4 31 — 4,081 96,459 38 197 — 96,694 Total originated loans $ 243,900 $ 5,940 $ 8,223 $ — $ 258,063 Special (In thousands) Pass Mention Substandard Doubtful Total Acquired Loans Residential mortgages: One- to four-family $ 13,669 $ 63 $ 370 $ — $ 14,102 13,669 63 370 — 14,102 Commercial loans: Real estate - nonresidential 1,942 — — — 1,942 Commercial business 327 — — — 327 2,269 — — — 2,269 Consumer: Home equity and junior liens 1,362 — 44 — 1,406 Other consumer 190 — — — 190 1,552 — 44 — 1,596 Total acquired loans $ 17,490 $ 63 $ 414 $ — $ 17,967 Special (In thousands) Pass Mention Substandard Doubtful Total Total Loans Residential mortgages: One- to four-family $ 123,421 $ 690 $ 3,245 $ — $ 127,356 Construction — — — — — 123,421 690 3,245 — 127,356 Commercial loans: Real estate - nonresidential 17,539 4,433 2,782 — 24,754 Multi-family 5,083 — 42 — 5,125 Construction — — — — — Commercial business 17,336 842 2,327 — 20,505 39,958 5,275 5,151 — 50,384 Consumer: Home equity and junior liens 11,285 — 102 — 11,387 Manufactured homes 44,272 — 75 — 44,347 Automobile 21,432 4 33 — 21,469 Student 2,259 — — — 2,259 Recreational vehicle 14,527 30 — — 14,557 Other consumer 4,236 4 31 — 4,271 98,011 38 241 — 98,290 Total loans $ 261,390 $ 6,003 $ 8,637 $ — $ 276,030 December 31, 2019 Special (In thousands) Pass Mention Substandard Doubtful Total Originated Loans Residential mortgages: One- to four-family $ 116,414 $ 2,159 $ 1,635 $ — $ 120,208 Construction 828 — — — 828 117,242 2,159 1,635 — 121,036 Commercial loans: Real estate - nonresidential 29,192 1,479 2,910 — 33,581 Multi-family 5,585 — — — 5,585 Construction 100 — — — 100 Commercial business 10,222 1,798 2,008 — 14,028 45,099 3,277 4,918 — 53,294 Consumer: Home equity and junior liens 10,030 96 44 — 10,170 Manufactured homes 23,686 83 — — 23,769 Automobile 20,975 54 54 — 21,083 Student 2,251 — — — 2,251 Recreational vehicle 263 — — — 263 Other consumer 1,721 2 1 — 1,724 58,926 235 99 — 59,260 Total originated loans $ 221,267 $ 5,671 $ 6,652 $ — $ 233,590 Special (In thousands) Pass Mention Substandard Doubtful Total Acquired Loans Residential mortgages: One- to four-family $ 17,387 $ 805 $ 314 $ — $ 18,506 17,387 805 314 — 18,506 Commercial loans: Real estate - nonresidential 2,115 — — — 2,115 Commercial business 404 — — — 404 2,519 — — — 2,519 Consumer: Home equity and junior liens 1,746 — 87 — 1,833 Other consumer 361 — — — 361 2,107 — 87 — 2,194 Total acquired loans $ 22,013 $ 805 $ 401 $ — $ 23,219 Special (In thousands) Pass Mention Substandard Doubtful Total Total Loans Residential mortgages: One- to four-family $ 133,801 $ 2,964 $ 1,949 $ — $ 138,714 Construction 828 — — — 828 134,629 2,964 1,949 — 139,542 Commercial loans: Real estate - nonresidential 31,307 1,479 2,910 — 35,696 Multi-family 5,585 — — — 5,585 Construction 100 — — — 100 Commercial business 10,626 1,798 2,008 — 14,432 47,618 3,277 4,918 — 55,813 Consumer: Home equity and junior liens 11,776 96 131 — 12,003 Manufactured homes 23,686 83 — — 23,769 Automobile 20,975 54 54 — 21,083 Student 2,251 — — — 2,251 Recreational vehicle 263 — — — 263 Other consumer 2,082 2 1 — 2,085 61,033 235 186 — 61,454 Total loans $ 243,280 $ 6,476 $ 7,053 $ — $ 256,809 Management has reviewed its loan portfolio and determined that, to the best of its knowledge, little or no exposure exists to sub-prime or other high-risk residential mortgages. The Company is not in the practice of originating these types of loans. The Company did originate a small portfolio of sub-prime automobile loans in 2014. Upon assessment of the higher risk in this portfolio, the lending product was discontinued. It is anticipated to pay down quickly over a short-term. The allowance for loan losses was increased to cover the exposure inherent in the sub-prime automobile portfolio. The total outstanding balance of this discontinued sub-prime portfolio was $6,000 and $181,000 at December 31, 2020 and December 31, 2019. Of the amount outstanding, $4,000 and $125,000 of these loans were current and paying as agreed at December 31, 2020 and December 31, 2019. Non-accrual and Past Due Loans Loans are considered past due if the required principal and interest payments have not been received within thirty days of the payment due date. An age analysis of past due loans, segregated by class of loans, as of December 31, 2020 and 2019 are as follows: December 31, 2020 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Originated Loans Residential mortgage loans: One- to four-family $ 2,345 $ 691 $ 2,875 $ 5,911 $ 107,343 $ 113,254 Construction — — — — — — 2,345 691 2,875 5,911 107,343 113,254 Commercial loans: Real estate - nonresidential 66 66 1,103 1,235 21,577 22,812 Multi-family — — 42 42 5,083 5,125 Construction — — — — — — Commercial business 139 — 688 827 19,351 20,178 205 66 1,833 2,104 46,011 48,115 Consumer loans: Home equity and junior liens 92 23 58 173 9,808 9,981 Manufactured homes 944 440 75 1,459 42,888 44,347 Automobile 188 21 33 242 21,227 21,469 Student — — — — 2,259 2,259 Recreational vehicle 229 30 — 259 14,298 14,557 Other consumer 3 4 29 36 4,045 4,081 1,456 518 195 2,169 94,525 96,694 Total originated loans $ 4,006 $ 1,275 $ 4,903 $ 10,184 $ 247,879 $ 258,063 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Acquired Loans Residential mortgage loans: One- to four-family $ 223 $ 48 $ 370 $ 641 $ 13,461 $ 14,102 Construction — — — — — — 223 48 370 641 13,461 14,102 Commercial loans: Real estate - nonresidential — — — — 1,942 1,942 Commercial business — 15 — 15 312 327 — 15 — 15 2,254 2,269 Consumer loans: Home equity and junior liens 46 6 44 96 1,310 1,406 Other consumer — — 2 2 188 190 46 6 46 98 1,498 1,596 Total acquired loans $ 269 $ 69 $ 416 $ 754 $ 17,213 $ 17,967 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Total Loans Residential mortgage loans: One- to four-family $ 2,568 $ 739 $ 3,245 $ 6,552 $ 120,804 $ 127,356 Construction — — — — — — 2,568 739 3,245 6,552 120,804 127,356 Commercial loans: Real estate - nonresidential 66 66 1,103 1,235 23,519 24,754 Multi-family — — 42 42 5,083 5,125 Construction — — — — — — Commercial business 139 15 688 842 19,663 20,505 205 81 1,833 2,119 48,265 50,384 Consumer loans: Home equity and junior liens 138 29 102 269 11,118 11,387 Manufactured homes 944 440 75 1,459 42,888 44,347 Automobile 188 21 33 242 21,227 21,469 Student — — — — 2,259 2,259 Recreational vehicle 229 30 — 259 14,298 14,557 Other consumer 3 4 31 38 4,233 4,271 1,502 524 241 2,267 96,023 98,290 Total loans $ 4,275 $ 1,344 $ 5,319 $ 10,938 $ 265,092 $ 276,030 December 31, 2019 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Originated Loans Residential mortgage loans: One- to four-family $ 2,963 $ 1,656 $ 1,945 $ 6,564 $ 113,644 $ 120,208 Construction — — — — 828 828 2,963 1,656 1,945 6,564 114,472 121,036 Commercial loans: Real estate - nonresidential 350 1,388 912 2,650 30,931 33,581 Multi-family — — — — 5,585 5,585 Construction — — — — 100 100 Commercial business 540 24 73 637 13,391 14,028 890 1,412 985 3,287 50,007 53,294 Consumer loans: Home equity and junior liens 80 71 67 218 9,952 10,170 Manufactured homes 179 83 — 262 23,507 23,769 Automobile 207 54 54 315 20,768 21,083 Student 35 — — 35 2,216 2,251 Recreational vehicle — — — — 263 263 Other consumer 57 2 — 59 1,665 1,724 558 210 121 889 58,371 59,260 Total originated loans $ 4,411 $ 3,278 $ 3,051 $ 10,740 $ 222,850 $ 233,590 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Acquired Loans Residential mortgage loans: One- to four-family $ 457 $ 293 $ 314 $ 1,064 $ 17,442 $ 18,506 — — — — — — Commercial loans: 457 293 314 1,064 17,442 18,506 Real estate - nonresidential Commercial business — — — — 2,115 2,115 Other commercial and industrial — — — — 404 404 — — — — 2,519 2,519 Consumer loans: Home equity and junior liens 11 63 87 161 1,672 1,833 Other consumer 1 18 — 19 342 361 12 81 87 180 2,014 2,194 Total acquired loans $ 469 $ 374 $ 401 $ 1,244 $ 21,975 $ 23,219 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Total Loans Residential mortgage loans: One- to four-family $ 3,420 $ 1,949 $ 2,259 $ 7,628 $ 131,086 $ 138,714 Construction — — — — 828 828 3,420 1,949 2,259 7,628 131,914 139,542 Commercial loans: Real estate - nonresidential 350 1,388 912 2,650 33,046 35,696 Multi-family — — — — 5,585 5,585 Construction — — — — 100 100 Commercial business 540 24 73 637 13,795 14,432 890 1,412 985 3,287 52,526 55,813 Consumer loans: Home equity and junior liens 91 134 154 379 11,624 12,003 Manufactured homes 179 83 — 262 23,507 23,769 Automobile 207 54 54 315 20,768 21,083 Student 35 — — 35 2,216 2,251 Recreational vehicle — — — — 263 263 Other consumer 58 20 — 78 2,007 2,085 570 291 208 1,069 60,385 61,454 Total loans $ 4,880 $ 3,652 $ 3,452 $ 11,984 $ 244,825 $ 256,809 Non-accrual loans, segregated by class of loan, were as follows: December 31, December 31, (In thousands) 2020 2019 Residential mortgage loans: 1-4 family first-lien $ 3,245 $ 2,259 Construction — — 3,245 2,259 Commercial loans: Real estate - nonresidential 1,103 2,509 Real estate - multi-family 42 — Construction — — Other commercial and industrial 688 1,195 1,833 3,704 Consumer loans: Home equity and junior liens 102 154 Manufactured homes 75 — Automobile 33 54 Student — — Recreational Vehicle — Other consumer 31 — 241 208 Total non-accrual loans $ 5,319 $ 6,171 There were no loans past due more than ninety days and still accruing interest at December 31, 2020 ad December 31, 2019. Troubled Debt Restructurings The Company is required to disclose certain activities related to Troubled Debt Restructurings (TDR) in accordance with accounting guidance. Certain loans have been modified in a TDR where economic concessions have been granted to a borrower who is experiencing, or expected to experience, financial difficulties. These economic concessions could include a reduction in the loan interest rate, extension of payment terms, reduction of principal amortization, or other actions that the Company would not otherwise consider for a new loan with similar risk characteristics. The recorded investment for each TDR loan is determined by the outstanding balance less the allowance associated with the loan. There were no newly classified TDR in 2020. In 2019, the Company modified a commercial loan that was originated through a program with Bankers Healthcare Group (BHG). This loan is also serviced by BHG, who maintains a 50% recourse share in losses from this loan program portfolio. BHG deferred payments for the borrower to bring the loan current as after significant delinquency had occurred, making concessions to the maturity date but not the rate or principal due. The principal balance of this loan at December 31, 2019 was $25,000. At December 31, 2020, the Company had nine loans, with an outstanding balance of $2.5 million, in the portfolio that had been modified by making concessions to maturity dates and, in some cases, lowering the interest rate from the original contract. Each modification was done to alleviate the borrowers’ financial difficulties and keep the collateral from repossession when the borrower met the eligibility criteria. One of the outstanding TDRs are in non-accrual status due to delinquency greater than 90 days. Each of the other remaining TDR loans continues to accrue interest and have not defaulted since restructuring. Impaired Loans The following table summarizes impaired loans information by portfolio class as of December 31, 2020 and December 31, 2019: December 31, 2020 Unpaid Recorded Principal Related (In thousands) Investment Balance Allowance With no related allowance recorded: One- to four-family residential mortgages $ 2,836 $ 2,937 $ — Construction residential mortgages — — — Commercial real estate - nonresidential 1,198 1,548 — Multi-family — — — Construction commercial — — — Commercial business 782 782 — Home equity and junior liens 109 109 — Manufactured homes — — — Automobile — — — Student — — — Other consumer — — — With an allowance recorded: One- to four-family residential mortgages 429 429 21 Construction residential mortgages — — — Commercial real estate - nonresidential — — — Multi-family 42 42 7 Construction commercial — — — Commercial business 713 713 265 Home equity and junior liens — — — Manufactured homes — — — Automobile 41 41 10 Student — — — Other consumer 2 2 2 Total: One- to four-family residential mortgages 3,265 3,366 21 Construction residential mortgages — — — Commercial real estate - nonresidential 1,198 1,548 — Multi-family 42 42 7 Construction commercial — — — Commercial business 1,495 1,495 265 Home equity and junior liens 109 109 — Manufactured homes — — — Automobile 41 41 10 Student — — — Other consumer 2 2 2 $ 6,152 $ 6,603 $ 305 December 31, 2019 Unpaid Recorded Principal Related (In thousands) Investment Balance Allowance With no related allowance recorded: One- to four-family residential mortgages $ 2,150 $ 2,180 $ — Construction residential mortgages — — — Commercial real estate - nonresidential 2,472 2,472 — Multi-family — — — Construction commercial — — — Commercial business 1,622 1,622 — Home equity and junior liens 131 131 — Manufactured homes — — — Automobile 81 81 — Student — — — Other consumer — — — With an allowance recorded: One- to four-family residential mortgages 132 132 7 Construction residential mortgages — — — Commercial real estate - nonresidential 438 438 250 Multi-family — — — Construction commercial — — — Commercial business 385 385 133 Home equity and junior liens — — — Manufactured homes — — — Automobile — — — Student — — — Other consumer 1 1 1 Total: One- to four-family residential mortgages 2,282 2,312 7 Construction residential mortgages — — — Commercial real estate - nonresidential 2,910 2,910 250 Multi-family — — — Construction commercial — — — Commercial business 2,007 2,007 133 Home equity and junior liens 131 131 — Manufactured homes — — — Automobile 81 81 — Student — — — Other consumer 1 1 1 $ 7,412 $ 7,442 $ 391 The Following table represents the average recorded investment in impaired loans For the Year ended December 31, December 31, 2020 2019 Average Average Recorded Recorded (In thousands) Investment Investment One- to four-family residential mortgages $ 3,336 $ 2,309 Construction residential mortgages — — Commercial real estate - nonresidential 1,523 1,453 Multi-family 42 — Construction commercial — — Commercial business 1,572 1,038 Home equity and junior liens 110 132 Manufactured homes — — Automobile 46 89 Student — — Other consumer 2 1 6,631 $ 5,022 The following table presents interest income recognized on impaired loans for the years ended December 31, 2020 and 2019. For the Year ended December 31, (In thousands) 2020 2019 One- to four-family residential mortgages $ 110 $ 82 Construction residential mortgages — — Commercial real estate - nonresidential 19 31 Multi-family 1 — Construction commercial — — Commercial business 54 58 Home equity and junior liens 7 7 Manufactured homes — — Automobile 4 10 Student — — Other consumer — — $ 195 $ 188

Servicing

Servicing	12 Months Ended
	Dec. 31, 2020
Servicing
Servicing	6. Servicing At December 31, 2020 and December 31, 2019, one- to four-family residential mortgage loans serviced for others amounted to approximately $14.0 million and $16.4 million. These loans are not included in the accompanying consolidated statements of financial condition. A portion of the serviced loan portfolio, with outstanding balances totaling $12.1 million and $14.3 million at December 31, 2020 and December 31, 2019, was sold with limited recourse provisions. See Note 17 for further information. The balance of capitalized servicing rights included in other assets at December 31, 2020 and December 31, 2019, was $20,000 and $23,000. Annual amortization of servicing rights is immaterial.

Allowance for Loan Loss

Allowance for Loan Loss	12 Months Ended
	Dec. 31, 2020
Allowance for Loan Loss
Allowance for Loan Loss	7. Allowance for Loan Loss Changes in the allowance for loan losses and information pertaining to the allocation of the allowance for loan losses and balances of the allowance for loan losses and loans receivable based on individual and collective impairment evaluation by loan portfolio class at and for the years ended December 31 are summarized as follows: December 31, 2020 One- to four- Construction Commercial Commercial family residential real estate real estate Construction Commercial (In thousands) residential mortgage nonresidential multi-family commercial business Allowance for loan losses: Beginning Balance $ 375 $ 2 $ 421 $ 17 $ — $ 527 Charge-offs (89) — (398) — — (15) Recoveries 4 — — 19 — 140 Provision for loan losses 167 (2) 296 (10) — (35) Ending balance $ 457 $ — $ 319 $ 26 $ — $ 617 Ending balance: related to loans individually evaluated for impairment $ 21 $ — $ — $ 7 $ — $ 265 Ending balance: related to loans collectively evaluated for impairment $ 436 $ — $ 319 $ 19 $ — $ 352 Loans receivable: Ending balance $ 127,356 $ — $ 24,754 $ 5,125 $ — $ 20,505 Ending balance: individually evaluated for impairment $ 3,265 $ — $ 1,198 $ 42 $ — $ 1,495 Ending balance: collectively evaluated for impairment $ 124,091 $ — $ 23,556 $ 5,083 $ — $ 19,010 December 31, 2020 (cont'd) Home equity Manufactured Recreational Other (In thousands) and junior liens Homes Automobile Student Vehicle Consumer Unallocated Total Allowance for loan losses: Beginning Balance $ 50 $ — $ 142 $ 69 $ — $ 35 $ 22 $ 1,660 Charge-offs (9) — (54) — (14) (4) — (583) Recoveries 12 — 71 3 6 9 — 264 Provision for loan losses (7) 76 (32) (3) 8 44 (22) 480 Ending balance $ 46 $ 76 $ 127 $ 69 $ — $ 84 $ — $ 1,821 Ending balance: related to loans individually evaluated for impairment $ — $ — $ 10 $ — $ — $ 2 $ — $ 305 Ending balance: related to loans collectively evaluated for impairment $ 46 $ 76 $ 117 $ 69 $ — $ 82 $ — $ 1,516 Loans receivable: Ending balance $ 11,387 $ 44,347 $ 21,469 $ 2,259 $ 14,557 $ 4,271 $ — $ 276,030 Ending balance: individually evaluated for impairment $ 109 $ — $ 41 $ — $ — $ 2 $ — $ 6,152 Ending balance: collectively evaluated for impairment $ 11,278 $ 44,347 $ 21,428 $ 2,259 $ 14,557 $ 4,269 $ — $ 269,878 December 31, 2019 One- to four- Construction Commercial Commercial family residential real estate real estate Construction Commercial (In thousands) residential mortgage nonresidential multi-family commercial business Allowance for loan losses: Beginning Balance $ 314 $ 1 $ 202 $ 12 $ — $ 523 Charge-offs (42) — (18) — — (106) Recoveries 2 — — 9 — 79 Provision for loan losses 101 1 237 (4) — 31 Ending balance $ 375 $ 2 $ 421 $ 17 $ — $ 527 Ending balance: related to loans individually evaluated for impairment $ 7 $ — $ 250 $ — $ — $ 133 Ending balance: related to loans collectively evaluated for impairment $ 368 $ 2 $ 171 $ 17 $ — $ 394 Loans receivable: Ending balance $ 138,714 $ 828 $ 35,696 $ 5,585 $ 100 $ 14,432 Ending balance: individually evaluated for impairment $ 2,282 $ — $ 2,910 $ — $ — $ 2,007 Ending balance: collectively evaluated for impairment $ 136,432 $ 828 $ 32,786 $ 5,585 $ 100 $ 12,425 December 31, 2019 (cont'd) Home equity Manufactured Other (In thousands) and junior liens Homes Automobile Student Consumer Unallocated Total Allowance for loan losses: Beginning Balance $ 58 $ — $ 228 $ 50 $ 28 $ 132 $ 1,548 Charge-offs — — (137) (25) (68) — (396) Recoveries — — 52 1 5 — 148 Provision for loan losses (8) — (1) 43 70 (110) 360 Ending balance $ 50 $ — $ 142 $ 69 $ 35 $ 22 $ 1,660 Ending balance: related to loans individually evaluated for impairment $ — $ — $ — $ — $ 1 $ — $ 391 Ending balance: related to loans collectively evaluated for impairment $ 50 $ — $ 142 $ 69 $ 34 $ 22 $ 1,269 Loans receivable: Ending balance $ 12,003 $ 23,769 $ 21,083 $ 2,251 $ 2,348 $ — $ 256,809 Ending balance: individually evaluated for impairment $ 131 $ — $ 81 $ — $ 1 $ — $ 7,412 Ending balance: collectively Evaluated for impairment $ 11,872 $ 23,769 $ 21,002 $ 2,251 $ 2,347 $ — $ 249,397

Federal Home Loan Bank of New Y

Federal Home Loan Bank of New York Stock	12 Months Ended
	Dec. 31, 2020
Federal Home Loan Bank of New York Stock
Federal Home Loan Bank of New York Stock	8. Federal Home Loan Bank of New York Stock The Bank is required to maintain an investment in the stock of the Federal Home Loan Bank of New York (“FHLB”) in an amount equal to at least 1% of the unpaid principal balances of the Bank’s residential mortgage loans or 1/20 of its outstanding advances from the FHLB, whichever is greater. Purchases and sales of stock are made directly with the FHLB at par value.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2020
Premises and Equipment
Premises and Equipment	9. Premises and Equipment A summary of the cost and accumulated depreciation of premises and equipment is as follows as of December 31, 2020 and December 31, 2019: December 31, December (In thousands) 2020 2019 Premises: Land $ 3,884 $ 3,909 Buildings and improvements 19,041 19,016 Equipment 6,810 6,638 Construction in progress 206 171 29,941 29,734 Less: Accumulated depreciation 13,198 12,146 $ 16,743 $ 17,588

Intangible Assets and Goodwill

Intangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2020
Intangible Assets and Goodwill
Intangible Assets and Goodwill	10. Intangible Assets and Goodwill Intangible assets and goodwill are summarized as follows: December 31, 2020 Gross Carrying Accumulated Net (in thousands) Amount Amortization Value Amortized intangible assets: Non-compete agreements $ 5 $ (3) $ 2 Core deposit intangible 964 (118) 846 Goodwill 792 — 792 $ 1,761 $ (121) $ 1,640 December 31, 2019 Gross Carrying Accumulated Net (in thousands) Amount Amortization Value Amortized intangible assets: Non-compete agreements $ 5 $ (2) $ 3 Core deposit intangible 964 (54) 910 Goodwill 792 — 792 $ 1,761 $ (56) $ 1,705 On December 28, 2016, the Company purchased the John G. Sweeney Agency, Inc. The acquisition of this insurance agency included both the purchase of all issued and outstanding common stock of the corporation and a non-compete agreement. Upon the acquisition of the agency, the corporation was dissolved and the value remitted for the purchase of said common shares was recorded as goodwill of $465,000, having no tangible assets associated with the transaction. In consideration for a non-compete covenant covering seven (7) years, the seller was paid $5,000, which was recorded as an intangible asset and will be amortized over the seven year period starting January 1, 2017. On September 29, 2018, the Company merged Medina Savings and Loan Association into Generations Bank. The transaction was structured as a merger with a mutual entity. The consideration paid represents the appraised value of MSL. 171,440 shares of Company stock was issued to the Mutual Holding Company based on the market price per share of the Company as of the date of the merger. The assets and liabilities of MSL were marked to fair value as of the date of the merger. The fair value of the Core Deposit Intangible (“CDI”), was determined using such factors as deposit mix, interest costs, fee income generated and servicing costs. It is the economic benefit that a holder of deposits could expect to realize from the deposit base versus using an alternative source of funds. The CDI valuation employed a discounted cash flow analysis to determine the market value of the acquired core deposits to fund operations, versus using comparable term (i.e. term to maturity) wholesale borrowings. As of the Valuation Date, the intangible value of MSL’s core deposits was, in aggregate, $964,000 on a pre-tax basis, equal to 2.50% of the acquired core deposits. The fair value calculations include the present value of tax benefits assuming the intangible asset is amortized on a straight-line basis over 15 years with an effective tax rate of 21%. Amortization expense for the core intangible asset for the years ended December 31, 2020 was $64,000, as well as the estimated aggregate amortization expense for each of the five succeeding years is summarized as follows: (In thousands) For Years Ended Amortization December 31, Expense 2021 64 2022 64 2023 64 2024 64 2025 64 $ 320 Goodwill previously recorded is being amortized for federal and state income tax purposes. There were no impairment losses on intangible assets or goodwill for the years ended December 31, 2020 and December 31, 2019.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2020
Deposits
Deposits	11. Deposits Deposits, by deposit type, are summarized as follows: December 31, 2020 2019 (In thousands) Checking accounts, non-interest bearing $ 65,673 $ 38,098 Checking accounts, interest-bearing 31,745 27,525 Money market accounts 26,334 24,861 Savings accounts 102,307 85,300 Time deposits 83,487 107,554 $ 309,546 $ 283,338 We participate in reciprocal deposit services for our customers through the Certificate Deposit Account Registry Service (CDARS) and Insured Cash Sweep networks. Included in time deposits in the above table are $24.1 million and $28.4 million in these reciprocal deposits as of December 31, 2020 and 2019, respectively. All brokered time deposits had balances less than $250,000. Early withdrawal of these deposits is not permitted. Scheduled maturities of time deposits, including those that were obtained through the third party broker, at December 31, 2020 and December 31, 2019 are summarized as follows: December 31, (In thousands) 2020 2021 $ 61,554 2022 14,280 2023 3,049 2024 1,797 2025 2,037 Thereafter 770 $ 83,487 T The aggregate amount of time deposits with balances equal to or greater than $250,000 was $22,299,000 and $36,652,000 at December 31, 2020 and 2019 respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2020
Borrowings
Borrowings	12. Borrowings The composition of borrowings (including subordinated debt) is as follows: December 31, December 31, (In thousands) 2020 2019 Short-term: FHLB Advances $ — $ — Long-term: FHLB fixed-rate term advances $ 4,300 $ 3,300 FHLB fixed-rate amortizing advances 23,328 28,148 Total long-term borrowings $ 27,628 $ 31,448 Subordinated debt $ 1,235 $ 735 The principal balances and interest rates of the above fixed rate borrowings at December 31, 2020 and December 31, 2019 are as follows: December 31, 2020 (Dollars in thousands) Principal Rates Long-term: FHLB fixed-rate term advances $ 4,300 1.45%-2.48 % FHLB fixed-rate amortizing advances 23,328 0.96%-3.03 % Total long-term borrowings $ 27,628 Subordinated debt $ 1,235 6.00%-8.00 % December 31, 2019 (Dollars in thousands) Principal Rates Long-term: FHLB fixed-rate term advances $ 3,300 1.74%-2.12 % FHLB fixed-rate amortizing advances 28,148 1.20%-3.03 % Total long-term borrowings $ 31,448 Subordinated debt $ 735 8.00 % The maturities of long-term borrowings and subordinated debt are as follows: December 31, December 31, (Dollars in thousands) 2020 2019 Long-term: Due within 1 year $ 10,282 $ 8,171 Due within 2 years 7,898 9,285 Due within 3 years 3,785 7,814 Due within 4 years 4,926 2,457 Due within 5 years 1,796 2,986 Thereafter 176 1,470 Total long-term borrowings $ 28,863 $ 32,183 The Bank has $55.6 million borrowing availability with the Federal Home Loan Bank of New York (“FHLB”) at December 31, 2020. The Bank’s aggregate unused FHLB borrowing capacity was approximately $15.8 million at December 31, 2020. FHLB borrowings are secured by the Bank’s investment in FHLB stock and by a blanket security agreement. This agreement requires the Bank to maintain as collateral certain qualifying assets (principally FHLB stock and residential mortgage loans) not otherwise pledged, with a fair value (as defined) at least equal to 120% of outstanding advances, or $33.2 million and $37.7 million at December 31, 2020 and December 31, 2019. Residential mortgage loans with a carrying value of $70.6 million and $73.9 million at December 31, 2020 and December 31, 2019 and FHLB stock with a carrying value of $2.0 million and $2.3 million at December 31, 2020 and December 31, 2019 have been pledged by the Company under the blanket collateral agreement to secure the Company’s borrowings. Additional borrowings are available to the Bank upon delivery of investment securities and/or loans secured by non-residential property. The Bank also has an $5 million line of credit with a correspondent bank. This line is unsecured. At December 31, 2020 and December 31, 2019 there were no outstanding advances on this line. The Bank also has an additional fed funds line of credit for $5,500,000. This line is unsecured. At December 31, 2020 and December 31, 2019 there were no outstanding advances on this line. In September 2011, the Company issued $735,000 in fixed-rate subordinated debt. The notes, including principal and interest paid at 8% per annum, are subordinate and junior in right of payment to all obligations of the Company. All notes have a maturity date of June 30, 2021, however, the Company redeemed all the subordinated debt on February 15, 2021 with accrued interest of $7,350. Interest payments were made on January 15 th and July 15 th of each year. In July 2020, the Company issued $500,000 in fixed rate subordinated debt. The note including principal and interest paid at 6% per annum, are subordinate and junior in right of payment to all obligations of the Company and mature February 15, 2021. The note and accrued interest were paid in full on January 15, 2021. Of the subordinated debt outstanding at December 31, 2020 and December 31, 2019, $500,000 was held by the Company’s directors and their affiliates each year.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Taxes
Income Taxes	13. Income Taxes The Company’s benefit for income taxes included in the consolidated statements of income is as follows: Year Ended December 31, (In thousands) 2020 2019 Current tax expense: Federal $ (781) $ — State 15 4 Total current tax expense (benefit) (766) 4 Deferred tax benefit: Federal 662 (159) State — — Total deferred tax benefit 662 (159) Benefit for income taxes $ (104) $ (155) The Company files consolidated Federal income and New York State franchise tax returns on a calendar year basis. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are recorded in either other assets or other liabilities on the consolidated statements of financial condition and are as follows as of December 31: December 31, (In thousands) 2020 2019 Assets: Deferred Compensation 111 101 Allowance for loan losses 458 438 Net operating loss carryforward 847 1,427 Mortgage recording tax credit 3 11 Nonacrual interest 82 42 Other 72 46 1,573 2,065 Liabilities: Pension (1,831) (1,597) Intangible assets (222) (233) Investment securities, unrealized gains (144) (150) Mortgage servicing rights (4) (5) Depreciation (152) (128) Other (6) (10) (2,359) (2,123) Net deferred tax liability $ (786) $ (58) Realization of deferred tax assets is dependent upon the generation of future taxable income or the existence of sufficient taxable income within the carry back period. A valuation allowance is provided when it is more likely than not that some portion, or all of the deferred tax assets, will not be realized. In assessing the need for a valuation allowance, management considers the scheduled reversal of the deferred tax liabilities, the level of historical taxable income and the projected future level of taxable income over the periods in which the temporary differences comprising the deferred tax assets will be deductible. The judgment about the level of future taxable income is inherently subjective and is reviewed on a continual basis as regulatory and business factors change. At December 31, 2020, Seneca Cayuga Bancorp had net operating loss carryforwards of approximately $1.5 million which expire in years 2027‑2037. Additionally, Seneca Cayuga Bancorp has loss carryforwards of $2.5 million with no expiration period. The loss generated in 2018 was carried back under provisions of the CARES Act. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES) was enacted. The CARES Act includes several provisions that impact the Company, including net operating losses and AMT credits. Under the CARES Act, the current net operating loss rules put in place under the Tax Cuts and Jobs Act (TCJA) are temporarily revised to allow losses arising in tax years 2018, 2019 and 2020 to be carried back five years. The Company carried a 2018 loss back. The net operating losses are recorded at a tax rate of 21%, the current statutory rate. The Company recognized a $311,000 tax benefit in 2020 for the rate differential between the current rate and the rate in effect in the period to which the net operating loss was carried back. The CARES Act also allows corporations to immediately claim unused AMT credits, making these fully refundable in in tax years beginning in 2018 and 2019. The Company and its subsidiaries are currently open to examination under the statute of limitations by the Internal Revenue Service and New York State for tax years 2017‑2020. A reconciliation of the federal statutory income tax rate to the effective income tax rate for the years ended December 31, is as follows: Years Ended December 31, 2020 2019 Federal statutory income tax rate 21.0 % 21.0 % State tax, net of federal benefit 0.7 % (4.7) % Bank owned life insurance and other permanent differences (2.1) % 40.1 % Tax exempt income (9.8) % 189.8 % Tax rate differential for NOL carryback (19) % — % Other 2.8 % (18.3) % Effective income tax rate (6.3) % 227.9 % As a thrift institution, the Bank is subject to special provisions in the tax laws regarding its allowable tax bad debt deductions and related tax bad debt reserves. These deductions are determined using methods based on loss experience or a percentage of taxable income. Tax bad debt reserves represent the excess of allowable deductions over actual bad debt losses, and include a defined base-year amount. Deferred tax liabilities are recognized with respect to reserves in excess of the base-year amount, as well as any portion of the base-year amount that is expected to become taxable (or “recaptured”) in the foreseeable future. The Bank’s base-year tax bad debt reserves totaled $332,000 for Federal tax purposes at December 31, 2020 and 2019.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2020
Employee Benefit Plans
Employee Benefit Plans	14. Employee Benefit Plans 401(k) Plan The Company provides for a savings and retirement plan for employees, which qualifies under section 401(k) of the Internal Revenue Code. The plan provides for voluntary contributions by participating employees ranging from one percent to fifteen percent of their compensation, subject to certain limitations. In addition, the Company will make a matching contribution, equal to 25% of the employee’s contribution. Matching contributions vest to the employee ratably over a five-year period. For the periods ended December 31, 2020 and 2019, expense attributable to contributions made by the Company amounted to $63,000 and $53,000, respectively. Defined Benefit Plan The Company provides pension benefits for eligible employees through two defined benefit pension plans (the “Plans”). The original plan accrues benefits for employees of Generations Bank that were hired prior to October 1, 2016. A second plan was acquired with the MSL merger and covers MSL employees that were participants of that plan effective September 30, 2018. Both plans have been frozen to new employees and cover eligible Company employees at least 21 years of age and with at least one year of service. Eligible employees participate in the retirement plan on a non-contributing basis, and are fully vested after five years of service. Benefit payments to retired employees are based upon the length of service and percentages of average compensation over the employees’ service period. Contributions are intended to provide not only for benefits attributed to service to date, but also for those expected to be earned in the future. The following tables set forth the changes in the Plans’ benefit obligations, fair value of plan assets and the plans’ funded status as of December 31: Generations Bank Plan: (In thousands) 2020 2019 Change in benefit obligations: Benefit obligations at beginning of year $ 11,048 $ 9,768 Service Cost 413 377 Interest cost 448 477 Actuarial loss (gain) 946 1,575 Benefit paid (850) (1,149) Benefit obligations at end of year 12,005 11,048 Change in plan assets: Fair value of plan assets at beginning of year 16,679 14,383 Actual return on plan assets 2,222 3,038 Benefits paid (850) (1,149) Employer contributions 281 407 Fair value of plan assets at end of year 18,332 16,679 Funded Status $ 6,327 $ 5,631 Medina Savings and Loan Plan: (In thousands) Change in benefit obligations: Benefit obligations at beginning of year $ 3,489 $ 2,043 Service cost 28 19 Interest cost 143 100 Actuarial loss (gain) 130 434 Benefits reimbursed (paid) (289) 893 Benefit obligations at end of year 3,501 3,489 Change in plan assets: Fair value of plan assets at beginning of year 5,463 3,790 Actual return on plan assets 720 780 Benefits reimbursed (paid) (289) 893 Employer contributions - - Fair value of plan assets at end of year 5,894 5,463 Funded Status $ 2,393 $ 1,974 Amounts recognized in accumulated other comprehensive loss as of December 31 were: Generations Bank Plan: (In thousands) 2020 2019 Unrecognized net loss $ 2,913 $ 2,985 Tax Effect 612 627 $ 2,301 $ 2,358 Medina Savings and Loan Plan: (In thousands) 2020 2019 Unrecognized net gain $ (207) $ (492) Tax Effect (43) (103) $ (164) $ (389) The accumulated benefit obligation for the Generations Bank defined benefit pension plan was $10,481,000 and $9,792,000 at December 31, 2020 and 2019, respectively. The accumulated benefit obligation for the Medina Savings and Loan defined benefit pension plan was $3,433,000 and $3,455,000 at December 31, 2020 and 2019. The assumptions used to determine the benefit obligations are as follows: Generations Bank Plan: 2020 2019 Weighted average discount rate 3.550 % 4.130 % Rate of increase in future compensation levels 4.000 % 4.000 % Medina Savings and Loan Plan: 2020 2019 Weighted average discount rate 3.830 % 4.200 % Rate of increase in future compensation levels 3.000 % 3.000 % The Company elects to use an analysis of the Plans expected future cash flows and high-quality fixed income investments currently available and expected to be available during the period to maturity of the pension benefits to yield the discount rates shown. This method determines the interest rate used to discount the expected cash flows from the retirement plan, establishing the pension benefit obligation and the post-retirement benefit obligation at December 31 st of each year. Each discount rate was developed by matching the expected future cash flows to high quality bonds. Every bond considered has earned ratings of at least AA by Fitch Group, AA by Standard & Poor’s, or Aa2 by Moody’s Investor Services. The bonds were not callable and their price was based on the most recent market transaction in the 75 days prior to the fiscal year end. Fixed coupon and zero coupon bonds were considered. The components of net periodic pension expense and amounts recognized in other comprehensive income are as follows for the years ended December 31: Generations Bank Plan: (In thousands) 2020 2019 Net periodic expenses recognized in income: Service cost $ 413 $ 377 Interest cost 448 477 Expected return on plan assets (1,340) (1,238) Amortization of net losses 135 200 Net periodic pension benefit (344) (184) Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss: Net actuarial (gain) loss 63 (225) Amortization of net actuarial loss (135) (200) Total recognized in other comprehensive income (72) (425) Total recognized in net periodic pension benefit and other comprehensive income $ (416) $ (609) Medina Savings and Loan Plan: (In thousands) 2020 2019 Net periodic expenses recognized in income: Service cost $ 28 $ 19 Interest cost 143 100 Expected return on plan assets (430) (316) Amortization of net gain — (9) Net periodic pension benefit (259) (206) Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss: Net actuarial gain (160) (30) Amortization of net actuarial gain — 9 Total recognized in other comprehensive income (160) (21) Total recognized in net periodic pension benefit and other comprehensive income $ (419) $ (227) The estimated amount that will be amortized from accumulated other comprehensive loss on the Generations Bank plan into net periodic expense for the year ending December 31, 2021 is $114,000 of net loss. The estimated amount that will be amortized from accumulated other comprehensive income on the Medina Savings and Loan plan into net periodic expense for the year ending December 31, 2021 is $0. The following weighted-average assumptions were used to determine net periodic pension expense: Generations Bank Plan: 2020 2019 Weighted average discount rate 4.130 % 4.990 % Long-term rate of return on plan assets 8.000 % 8.500 % Rate of increase in future compensation levels 4.000 % 4.000 % Medina Savings and Loan Plan: 2020 2019 Weighted average discount rate 4.200 % 5.070 % Long-term rate of return on plan assets 8.000 % 6.750 % Rate of increase in future compensation levels 3.000 % 2.000 % The Bank expects to contribute $365,000 to the Generations Bank plan and $17,000 to the Medina Savings and Loan plan in 2021. The following table shows the expected benefit payments to be paid to participants for the years indicated: Generations Bank Plan: (In thousands) For the years ended December 31, 2021 $ 342 2022 317 2023 317 2024 363 2025 417 2026-2030 2,727 Medina Savings and Loan Plan: (In thousands) For the years ended December 31, 2021 $ 221 2022 219 2023 217 2024 213 2025 211 2026-2030 1,035 Investment Policies and Strategies Plan assets in both plans are invested in diversified investment funds that include equity and bond mutual funds, each with its own investment objectives, investment strategies and risks, as detailed in each fund’s prospectus. The Plan Sponsor determines the appropriate strategic asset allocation in accordance with the plan’s long-term investment objectives. The long-term investment objectives for both pension plans are to generate a return on plan assets that will meet or exceed the rate at which long-term obligations will grow to assist in maintaining plan assets at a level that will sufficiently cover long-term obligations. Pension plan assets measured at fair value are summarized below. Level 1 values are determined using quoted prices in active markets; Level 2 values are based on significant observable inputs; and Level 3 values are estimated based on significant unobservable inputs. The risk/volatility in the investments of the Generations Bank pension plan and the Medina Savings and Loan pension plan are managed by maintaining a broadly diversified combination of equity and fixed income portfolios with ample diversification within each fund as well. The current target allocation of both Plans’ assets is 65% in equity securities (stock & commodity mutual funds) and 35% in debt securities (bond mutual funds). Generations Bank Plan: December 31, 2020 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: Equities and Commodities: (1) Select Fundamental Value $ — $ 1,538 $ — $ 1,538 (2) Select Indexed Equity A — 2,957 — 2,957 (3) Select Blue Chip Growth — 1,434 — 1,434 (4) Mid-Cap Value — 972 — 972 (5) Select S&P Mid-Cap Index — 1,398 — 1,398 (6) Select Mid-Cap Growth — 957 — 957 (7) Small-Cap — 1,153 — 1,153 (8) Select Small-Cap Index — 1,268 — 1,268 (9) Developing Markets — 781 — 781 Fixed Income: (10) Premier Short-Duration Bond — 836 — 836 (11) Premier Core Bond — 1,683 — 1,683 (12) Select MetWest Total Return — 1,663 — 1,663 (13) Select Western Strategic Bond — 1,692 — 1,692 Total $ — $ 18,332 $ — $ 18,332 Generations Bank Plan: December 31, 2019 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: Equities and Commodities: (1) Select Fundamental Value $ — $ 1,377 $ — $ 1,377 (2) Select Indexed Equity A — 2,774 — 2,774 (3) Select Blue Chip Growth — 1,388 — 1,388 (4) Mid-Cap Value — 864 — 864 (5) Select S&P Mid-Cap Index — 1,204 — 1,204 (6) Select Mid-Cap Growth — 857 — 857 (7) Small-Cap — 1,056 — 1,056 (8) Select Small-Cap Index — 1,050 — 1,050 (9) Developing Markets — 702 — 702 Fixed Income: (10) Premier Short-Duration Bond — 777 — 777 (11) Premier Core Bond — 1,541 — 1,541 (12) Select MetWest Total Return — 1,538 — 1,538 (13) Select Western Strategic Bond — 1,551 — 1,551 Total $ — $ 16,679 $ — $ 16,679 Medina Savings and Loan Plan: December 31, 2020 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: Equities and Commodities: (1) Select Fundamental Value $ — $ 494 $ — $ 494 (2) Select Indexed Equity A — 951 — 951 (3) Select Blue Chip Growth — 461 — 461 (4) Mid-Cap Value — 312 — 312 (5) Select S&P Mid-Cap Index — 450 — 450 (6) Select Mid-Cap Growth — 308 — 308 (7) Small-Cap — 371 — 371 (8) Select Small-Cap Index — 408 — 408 (9) Developing Markets — 251 — 251 Fixed Income: (10) Premier Short-Duration Bond — 269 — 269 (11) Premier Core Bond — 541 — 541 (12) Select MetWest Total Return — 534 — 534 (13) Select Western Strategic Bond — 544 — 544 Total $ — $ 5,894 $ — $ 5,894 (1) This fund invests in stocks of financially sound but temporarily out-of-favor companies providing above-average total return potential and selling at below average projected P/E multiples. (2) The fund seeks to match the performance of the S&P 500 by investing in a representative sample of the stocks in that index. The ability to match investment performance to the S&P 500 is effected by daily cash flow and expenses. (3) This fund invests at least 65% of assets in stocks of blue chip companies. These companies have a market capitalization of at least $200 million if included in the S&P 500 or the Dow Jones Industrial Average or $1 billion for companies not in these indices. (4) The investment seeks long-term capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets in equity investments of medium-capitalization companies. It invests principally in equity securities of medium-capitalization companies with market capitalizations within the range of the Russell Midcap Value Index at the time of investment. (5) The investment seeks to provide investment results approximating (before fees and expenses) the aggregate price and dividend performance of the securities included in the Standard & Poor’s MidCap 400® Index. (6) The investment seeks growth of capital over the long-term. The fund invests primarily in equity securities of mid-capitalization companies. It normally invests at least 80% of its net assets in a broadly diversified portfolio of common stocks of mid-cap companies whose earnings the sub-advisors expect to grow at a faster rate than the average company. (7) The fund normally invests at least 80% of net assets in securities of small-capitalization companies. It invests primarily in equity securities. The fund may invest up to 25% of net assets in foreign securities and 10% of net assets in fixed-income securities such as investment-grade debt securities, longer-term U.S. government securities and high-quality money market investments. (8) The investment seeks to provide investment results approximating (before fees and expenses) the aggregate price and dividend performance of the securities included in the Russell 2000® Index. (9) The investment seeks capital appreciation aggressively. The fund mainly invests in common stock of issuers in emerging and developing markets throughout the world and may invest up to 100% of total assets in foreign securities. It normally invests at least 80% of net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in at least three developing markets. The fund primarily invests in companies with high growth potential. (10) The investment seeks to achieve a high total rate of return primarily from current income while minimizing fluctuation in capital values. (11) The fund invests primarily in a diversified selection of investment-grade, publicly traded bonds including corporate, mortgage-backed, and government bonds. Normally, the portfolio duration will range from four to seven years. (12) The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. Under normal circumstances, the fund invests at least 80% of its net assets in a diversified portfolio of investment grade fixed income securities (rated Baa3 or higher by Moody’s, BBB- or higher by Standard & Poor’s, BBB- or higher by Fitch, or A‑2 by S&P, P‑2 by Moody’s, or F‑2 by Fitch for short-term debt obligations, or, if unrated, determined by the fund’s sub-adviser, Metropolitan West Asset Management, LLC, to be of comparable quality) (13) The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. Under normal circumstances, the fund invests at least 80% of its net assets in a diversified portfolio of investment grade fixed income securities (rated Baa3 or higher by Moody’s, BBB or higher by Standard & Poor’s, BBB- or higher by Fitch, or A‑2 by S&P, P‑2 by Moody’s, or F‑2 by Fitch for short-term debt obligations, or, if unrated, determined by the fund’s sub-adviser, Metropolitan West Asset Management, LLC, to be of comparable quality). Medina Savings and Loan Plan: December 31, 2019 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: Equities: (1) Select Fundamental Value $ — $ 907 $ — $ 907 (2) Select Indexed Equity A — 450 — 450 (3) Select Blue Chip Growth — 454 — 454 (4) Mid-Cap Value — 282 — 282 (5) Select S&P Mid-Cap Index — 393 — 393 (6) Select Mid-Cap Growth — 280 — 280 (7) Small-Cap — 341 — 341 (8) Select Small-Cap Index — 344 — 344 (9) Developing Markets — 229 — 229 Fixed Income: (11) U.S. Core Bond — 256 — 256 (12) Intermediate Duration — 508 — 508 (12) Long Duration — 507 — 507 (13) Money Market — 512 — 512 Total $ — $ 5,463 $ — $ 5,463 Determination of Long-Term Rate of Return The long-term rate of return on assets assumption for both the Generations Bank Plan and the Medina Savings and Loan Plan were set based on historical returns earned by equities and fixed income securities, adjusted to reflect expectations of future returns as applied to the Plan’s target allocation of asset classes. Equities and fixed income securities were assumed to earn real rates of return in the ranges of 5 - 9% and 2 - 6%, respectively. The long-term inflation rate was estimated to be 3%. When these overall return expectations are applied to the Plan’s target allocation, the result is an expected rate of return of 6% - 10%. Employee Stock Ownership Plan (“ESOP”) On July 10, 2006, the ESOP acquired 93,315 shares of the Company’s common stock with funds provided by a loan from the Company. The ESOP loan is repaid principally from the Bank’s contributions to the ESOP. The loan is being repaid in annual installments through 2021 and bears interest at the Wall Street Journal prime lending rate (3.25% at December 31, 2020). Shares are released to participants proportionately as the loan is repaid and totaled 6,221 shares for the years ended December 31, 2020 and 2019. Released shares totaled 90,204 and 83,983 for the years ended December 31, 2020 and 2019, respectively. Unreleased shares totaled 3,111 and 9,332 for the years ended December 31, 2020 and 2019, respectively. ESOP expense was $54,000 and $67,000 for the years ended December 31, 2020 and 2019. At December 31, 2020, there were 3,111 shares unearned having an aggregate fair value of approximately $32,000 based on a fair value per share of $10.42. The Company is obligated at the option of each beneficiary to repurchase shares of the ESOP upon the beneficiary’s termination or after retirement. The maximum repurchase obligation based on 90,204 shares released and fair value of $10.42 per share is $940,000 at December 31, 2020. The maximum repurchase obligation based on 83,983 shares released and fair value of $10.51 per share is $882,667 as of December 31, 2019. Directors’ Retirement Plan In 2012, the Company adopted a Directors Retirement Plan for the benefit of its non-employee members of the Board of Directors. The program is a nonqualified deferred compensation arrangement designed to comply with Internal Revenue Code Section 409A. The Bank makes a supplemental contribution to the plan on an annual basis. The contributions are deposited into a rabbi trust and are thereby isolated from the Company’s working capital. The grantor trust holds and distributes the funds according to the plan and trust documents. The fair value of the securities held in the rabbi trust at December 31, 2020 were $626,000 and are included in equity investment securities. A liability of the same amount is included in other liabilities. Changes in the fair value of the underlying securities held in the rabbi trust are recorded as unrealized gains or losses on equity securities and a corresponding increase or decrease in directors’ fees. The unrealized gain recorded for the year ended December 31, 2020 was $38,000. Expense attributable to contributions made by the Company amounted to $26,000 for each of the years ended December 31, 2020 and 2019. Supplemental Executive Retirement Plan A Supplemental Executive Retirement Plan was also established in 2012, for the benefit of a select group of management or highly compensated employees. This plan is structured as an unfunded arrangement that complies with IRC Section 409A, and allows for annual supplemental contributions to the plan by the Bank. The contributions are deposited into a rabbi trust and are thereby isolated from the Company’s working capital. The grantor trust holds and distributes the funds according to the plan and trust documents. The funds held at the rabbi trust are used to purchase the Company’s common stock. The fair value of the stock held in the rabbi trust at December 31, 2020 was $283,000 and is reflected on the statement of condition as a liability. The cost of securities purchased and held in the rabbi trust is $283,000 and is reflected as a component of equity. Changes in the fair value of the underlying securities held in the rabbi trust are recorded as compensation expense with a corresponding increase or decrease in the liability. The unrealized gain recorded for the year ended December 31, 2020 was $38,000.The expense attributable to contributions made by the Company was $39,000 for the years ended December 31, 2020 and 2019.

Regulatory Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2020
Regulatory Capital
Regulatory Capital	15. Regulatory Capital The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank assets, liabilities and certain off-balance-sheet items as calculated under U.S. GAAP, regulatory reporting requirements and regulatory capital standards. The Bank capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Bank regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulatory reporting standards to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total and Tier I capital (as defined) to risk-weighted assets (as defined), common equity Tier I capital (as defined) to total risk-weighted assets (as defined) and of Tier I capital (as defined) to average assets (as defined). Management believes, as of December 31, 2020 and 2019, that the Bank meets all capital adequacy requirements to which it is subject. As of December 31, 2020, the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum capital ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed the Bank category. The Bank’s actual capital amounts and ratios December 31, 2020 and 2019 are as follows: Minimum To Be "Well- Minimum Capitalized" For Capital Under Prompt Actual Adequacy Purposes Corrective Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Common Equity Tier 1 Capital $ 31,942 12.18 % $ 15,730 6.00 % $ 20,974 8.00 % Total Capital (to Risk-Weighted Assets) $ 33,768 12.88 % $ 20,974 8.00 % $ 26,217 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 31,942 12.18 % $ 11,798 4.50 % $ 10,741 6.50 % Tier 1 Capital (to Total Adjusted Assets) $ 31,942 8.72 % $ 14,648 4.00 % $ 18,310 5.00 % As of December 31, 2019: Common Equity Tier 1 Capital $ 29,290 12.46 % $ 14,104 6.00 % $ 18,805 8.00 % Total Capital (to Risk-Weighted Assets) $ 30,950 13.17 % $ 18,805 8.00 % $ 23,507 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 29,290 12.46 % $ 10,578 4.50 % $ 15,279 6.50 % Tier 1 Capital (to Total Adjusted Assets) $ 29,290 8.27 % $ 14,158 4.00 % $ 17,698 5.00 %

Dividends and Restrictions

Dividends and Restrictions	12 Months Ended
	Dec. 31, 2020
Dividends and Restrictions
Dividends and Restrictions	16. Dividends and Restrictions The Holding Company’s ability to pay dividends to its shareholders is largely dependent on the Bank’s ability to pay dividends to the Company. In addition to the capital requirements discussed in Note 15, the circumstances under which the Bank may pay dividends are limited by federal statutes, regulations and policies. The amount of dividends the Bank may pay is equal to its net income for the year plus its net income for the prior two years that are still available for dividends. The amount of retained earnings legally available under these regulations approximated $1,622,000 as of December 31, 2020. Dividends paid by the Bank to the Holding Company would be prohibited if the effect thereof would cause the Bank’s capital to be reduced below applicable minimum capital requirements.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies
Commitments and Contingencies	17. Commitments and Contingencies Credit Commitments The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business in order to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit, which involve, to varying degrees, elements of credit, interest rate or liquidity risk in excess of the amount recognized in the consolidated statements of financial condition. The Bank’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amounts of those instruments. The Bank has experienced minimal credit losses to date on its financial instruments with off-balance sheet risk and management does not anticipate any significant losses on its commitments to extend credit outstanding at December 31, 2020. At December 31, 2020 and 2019, financial instruments whose contract amounts represent credit risk consist of the following: Year Ended December 31, (In thousands) 2020 2019 Commitments to grant loans $ 4,009 $ 4,847 Unfunded commitments under lines of credit 14,823 17,072 Standby letters of credit — 400 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of the commitment amounts are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the counter party. Collateral held varies but may include residential real estate and income-producing commercial properties. Loan commitments, including unused lines of credit and standby letters of credit, outstanding at December 31, 2020 with fixed interest rates amounted to approximately $4.6 million. Loan commitments, including unused lines of credit and standby letters of credit, outstanding at December 31, 2020 with variable interest rates amounted to approximately $14.2 million. Loan commitments, including unused lines of credit and standby letters of credit, outstanding at December 31, 2019 with fixed interest rates amounted to approximately $10.5 million. Loan commitments, including unused lines of credit and standby letters of credit, outstanding at December 31, 2019 with variable interest rates amounted to approximately $11.8 million. These outstanding loan commitments carry current market rates. Unfunded commitments under revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit usually do not contain a specified maturity date and may not be drawn upon to the total extent to which the Company is committed. Letters of credit written are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Generally, all letters of credit, when issued have expiration dates. The credit risk involved in issuing letters of credit is essentially the same as those that are involved in extending loan facilities to customers. The Company generally holds collateral and/or personal guarantees supporting these commitments. Management believes that the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees. Commitments to Originate and Sell one- to four-family Residential Mortgages The Bank has entered into agreements with the Federal Home Loan Bank of New York as part of its Mortgage Partnership Finance Program (“MPF Program”) to originate and sell one- to four-family residential mortgages. The contracts call for the Bank to provide “best efforts” to meet the commitment, with no penalties to be paid in the event the Bank is not able to fulfill the commitment. At December 31, 2020 and 2019, there were no open contracts. The Bank generally makes a determination whether to sell a loan between the time the loan is committed to be closed and the day after closing. If a loan is selected to be sold, a commitment to deliver the loan by a certain date is made under the MPF Program. At December 31, 2020 and 2019, the Bank had no open commitments to deliver loans. In the event that the Bank is not able to deliver a specific loan committed, substitutions can generally be made. Otherwise, the Bank may extend the commitment for a fee, or the Bank is required to pay a pair-off fee. There were no extension or pair-off fees paid by the Bank for the periods ended December 31, 2020 or 2019. The Bank has sold and funded $68.6 million under the MPF Program, inclusive of USDA loans, to date. The principal outstanding on loans sold under the MPF Program is $12.1 million. The Bank continues to service loans sold under the MPF Program. Under the terms of the MPF Program, there is limited recourse back to the Bank for loans that do not perform in accordance with the terms of the loan agreement. Each loan that is sold under the program is “credit enhanced” such that the individual loan’s rating is raised to “AA,” as determined by the Federal Home Loan Bank of New York. The sum of each individual loan’s credit enhancement represents the total recourse back to the Bank. The total recourse back to the Bank for loans sold was $2.2 million at December 31, 2020. A portion of the recourse is offset by a “first loss account” to which funds are allocated by the Federal Home Loan Bank of New York annually in January. The balance of the “first loss account” allocated to the Bank is $78,500 at December 31, 2020. In addition, many of the loans sold under the MPF Program have primary mortgage insurance, which reduces the Bank’s overall exposure. The potential liability for the recourse is considered when the Bank determines its allowance for loan losses. At December 31, 2020, there were four loans, one of which was a USDA mortgage, that had been sold under the MPF Program, that were past due 30 days or more and had an outstanding principal balance of approximately $239,000. Lease Commitments As part of the MSL merger, the Bank took on the assignment of a non-cancelable operating lease with Wal-Mart East for the space occupied by the Albion retail office. This lease is set to expire on May 31, 2021. Lease expense, since the merger, is included in occupancy expense and was $41,000 for the year ending December 31, 2020 and $45,000 for December 31, 2019. Future minimum lease commitments under the operating lease are as follows: December 31, 2020 (In thousands) 46 19 $ 65 The lease contains an option to extend for additional periods, which are not included in the commitments above. There are no plans to renew this lease.

Concentrations of Credit Risk

Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2020
Concentrations of Credit Risk
Concentrations of Credit Risk	18. Concentrations of Credit Risk The majority of the Company’s activities are with customers located in the Finger Lakes Region of New York, but we have now expanded our market footprint to include Orleans County, located Northwest of the Finger Lakes, and diversified our loan portfolio with loan purchased from areas outside of the local region. See notes 4, 5 and 17 to the consolidated financial statements that discuss the types of securities that the Company invests in, the types of lending the Company engages in and commitments outstanding. The Company does not have any significant concentrations in any one industry or customer. From time to time, the Bank will maintain balances with its correspondent banks that exceed the $250,000 federally insured deposit limits. At December 31, 2020 and December 31, 2019, the Company’s cash accounts did not materially exceed federally insured limit of $250,000. At December 31, 2020 and 2019, the Company held $21,491,000 and $2,568,000 at the Federal Home Loan Bank and Federal Reserve Bank, which are not subject to FDIC limits. Management routinely evaluates the credit worthiness of these correspondent banks, and does not feel they pose a significant risk to the Company. Impact of COVID-19 on the Company: In March 2020, the COVID-19 coronavirus was identified as a global pandemic and began affecting the health of large populations around the world. As a result of the spread of COVID-19, economic uncertainties arose which can ultimately affect the financial position, results of operations and cash flows of the Company as well as the Company's customers. In response to economic concerns over COVID-19, in March 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed into law by Congress. The CARES Act included relief for individual Americans, health care workers, small businesses and certain industries hit hard by the COVID-19 pandemic. The 2021 Consolidated Appropriations Act, passed by Congress in December 2020, extended certain provisions of the CARES Act affecting the Company into 2021. The CARES Act included several provisions designed to help financial institutions like the Company in working with their customers. Section 4013 of the CARES Act, as extended, allows a financial institution to elect to suspend generally accepted accounting principles and regulatory determinations with respect to qualifying loan modifications related to COVID-19 that would otherwise be categorized as a troubled debt restructuring (TDR) until January 1, 2022. The Company has taken advantage of this provision to extend certain payment modifications to loan customers in need. As of December 31, 2020, the Company has no loans outstanding loans that were modified during 2020 under the CARES Act guidance, that remain on modified terms. The Company modified other loans during 2020 under the guidance that have since returned to normal repayment status as of December 31, 2020. The CARES Act also approved the Paycheck Protection Program (PPP), administered by the Small Business Administration (SBA) with funding provided by financial institutions. The 2021 Consolidated Appropriations Act approved a new round of PPP loans in 2021. The PPP provides loans to eligible businesses through financial institutions like the Company, with loans being eligible for forgiveness of some or all of the principal amount by the SBA if the borrower meets certain requirements. The SBA guarantees repayment of the loans to the Company if the borrower's loan is not forgiven and is then not repaid by the customer. The Company earns a 1% interest rate on PPP loans, plus a processing fee from the SBA for processing and originating a loan. The Company originated approximately $10.0 million in PPP loans during 2020, of which approximately $4.9 million are still outstanding at December 31, 2020.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions
Related Party Transactions	19. Related Party Transactions Certain officers, directors and their affiliates are engaged in transactions with the Bank in the ordinary course of business. It is the Bank’s policy that all related party transactions are conducted at “arm’s length” and all loans and commitments included in such transactions are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other customers. The following is a summary of the loans made to officers, directors and their affiliates for the periods ended December 31, 2020 and 2019: Year Ended December 31, (In thousands) 2020 2019 Beginning balance $ 2,755 $ 2,224 Originations 408 1,334 Payments and change in status (636) (803) Ending balance $ 2,527 $ 2,755 The aggregate amount of deposits owned by related parties was $1.6 million and $1.5 million at and December 31, 2020 and 2020.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2020
Revenue from Contracts with Customers
Revenue from Contracts with Customers	20. Revenue from Contracts with Customers The majority of the Company’s revenue-generating transactions are not subject to ASC Topic 606, including revenue generated from financial instruments, such as loans and investment securities, which are presented in our consolidated statements of income as components of net interest income. All of the Company’s revenue from contracts with customers in the scope of Topic 606 is recognized within non-interest income. The following table presents revenues subject to Topic 606 for the periods ended December 31, 2020 and 2019, respectively. Year Ended December 31, (In thousands) 2020 2019 Service charges on deposit accounts $ 588 $ 730 Debit card interchange and surcharge income 760 731 E-commerce income 20 23 Investment services income 88 284 Insurance commission and fees 755 793 Loan servicing fees 124 171 $ 2,335 $ 2,732 Service charges on deposit accounts : The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which included services such as stop payment charges, wire transfers, and official check charges, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Account maintenance and inactivity fees, which relate primarily to monthly maintenance and servicing, are recognized at the time the end of the month in which maintenance occurs. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance. Debit card interchange and surcharge income : The Company earns interchange income from debit cardholder transactions conducted through the MasterCard International Inc. payment network. Additionally, ATM surcharges are also assessed on foreign (non-customer) users at the Company’s ATM network of machines. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and foreign surcharges are a fixed fee per transaction. Both are recognized daily, concurrently with the transaction processing services provided to cardholder. E-commerce income : The Company earns fees for merchant transaction processing services provided to its business customers by a third party service provider. Fees are also earned for credit cards provided to its consumer and business customers by a third party provider. The fees represent a percentage of the monthly transaction activity net of related costs, and are received from the service providers on a monthly basis. Investment services income : The Company earns fees from investment brokerage services provided to its customers by an employee who acts as an agent for a third-party service provider, Cadaret Grant. The Company receives commissions from Cadaret Grant on a monthly basis based upon customer activity and balances held for the month. The Company employs the agent that arranges the relationship between the customer and the brokerage service provider. Investment brokerage commissions are presented gross based on the commission percentage earned. All related costs are recorded as operating expense. Insurance commissions and fees : Regular commissions are earned upon the effective date of bound insurance coverage. They are paid by the insurance carrier and recorded by the Company through a monthly remittance. Contingent commissions are based on a contract but are dependent, not only on the level of policies bound with the carrier, but also on loss claim levels experienced through the last day of the year, volume growth or shrinkage. The Agency’s business is not considered to be significant to the carriers, and many of our insurance carriers are combined under an umbrella with other independent agents, making the contingent commission earned dependent on a calculation that includes the experience of others. As such, the level of contingent commissions is not readily determinable until it is paid, but does not have a significant impact on the Company’s financial results. Loan servicing fees : The majority of income derived from loans is excluded from the scope of the amended guidance on accounting for revenue from contracts with customers. However, servicing fee revenue is generated in the form of late charges on customer loans. Late fees are transaction-based and are recognized at the point in time that the customer has exceeded the loan payment grace-period and the Company has earned the fee based on loan note. Fees are assessed as a percentage of the past-due loan payment amount.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	21. Accumulated Other Comprehensive Loss The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the year ended December 31, 2020 and 2019. December 31, Affected Line Item in the (In thousands) 2020 2019 Consolidated Statement of Income Available-for-sale securities: Realized gain on sale of securities ($ 1,071) $ 274 Net gain on sale of securities Tax effect 225 (58) Benefit for income taxes ($ 846) $ 216 Net income Defined benefit pension plan: Retirement plan net losses recognized in net periodic pension cost $ 135 $ 191 Compensation and benefits Tax effect (28) (40) Benefit for income taxes $ 107 $ 151 Net income

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures
Fair Value Disclosures	22. Fair Value Disclosures Management uses its best judgment in estimating the fair value of the Company’s financial assets and liabilities; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial assets and liabilities, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective reporting dates and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial assets and liabilities subsequent to the respective reporting dates may be different from the amounts reported at each reporting date. The Company uses fair value measurements to record fair value adjustments to certain financial assets and liabilities and to determine fair value disclosures. The fair value of a financial asset or liability is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in some instances, there may be no quoted market prices for the Company’s various financial assets and liabilities. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the financial asset or liability. Fair value measurement guidance established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date of identical, unrestricted assets or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported with little or no market activity). An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. There have been no changes in valuation techniques during the periods ended December 31, 2020 and 2019. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparison between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s assets and liabilities at December 31, 2020 and December 31, 2019. Cash and due from banks : The carrying amounts of cash and due from banks approximate fair values. Interest-earning deposits : The carrying amounts of interest-earning term deposits held in banks approximate fair values. Investment securities : The fair values of trading, available-for-sale, held-to-maturity and equity securities are obtained from an independent third party and are based on quoted prices on a nationally recognized exchange (Level 1), where available. At this time, only the equity securities qualify as a Level 1 valuation. If quoted prices are not available, fair values are measured by utilizing matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management made no adjustment to the fair value quotes that were received from the independent third party pricing service. In 2019, the Company purchased municipal bonds from local government entities. Since these deals were constructed between the Company and the small local government entities, they have not been evaluated by a third party service, and there was no discernable market for these investments. As such, it is deemed that the carrying value approximated fair value (Level 3). Municipal Bonds: The significant unobservable inputs used in the fair value measurement of the Company’s municipal bonds are premiums for unrated securities and marketability discounts. Significant increases (decreases) in either of those inputs in isolation would result in a significantly lower (higher) fair value measurement. In general, changes in either of those inputs will not affect the other input. Federal Home Loan Bank (FHLB) stock : The carrying value of FHLB stock approximates fair value based on the redemption provisions of the FHLB, resulting in a Level 2 classification. There have been no identified events or changes in circumstances that may have a significant adverse effect on the FHLB stock. Loans : The fair values of loans, excluding impaired loans, are estimated using discounted cash flow analyses, using market rates at the statement of financial condition date that reflect the credit and interest rate risk inherent in the loans, resulting in a Level 3 classification. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Future cash flows are then discounted using the Bank’s weighted average rate on new loans and thus the resulting fair value represents exit pricing. Generally, for variable rate loans that reprice frequently and with no significant changes in credit risk, fair values are based on carrying values. Impaired loans : Impaired loans are those loans in which the Company has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third party appraisals of the properties or discounted cash flows based upon expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value consists of loan balances less their valuation allowances. Deposits : The fair values disclosed for demand deposits (e.g., interest and non-interest checking) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts), and are therefore classified as Level 1. Savings and money market account fair values are based on estimated decay rates and current costs. Fair values for fixed rate certificates of deposit, including brokered deposits, are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Due to the inputs necessary to calculate the fair value, savings and time deposits are considered Level 3 valuations that estimate exit pricing. Accrued interest : The carrying amounts of accrued interest receivable and payable approximate fair value, and due to the short-term (30 days or less) nature of the balances, are considered Level 1. Borrowings : Fair values of FHLB advances are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms and remaining maturity, resulting in a Level 2 classification. These prices obtained from this active market represent a fair value that is deemed to represent the transfer price if the liability were assumed by a third party. Subordinated Debt : The carrying value is deemed to approximate the fair value. The following table presents a comparison of the carrying amount and estimated fair value of the Company’s financial instruments at December 31, 2020 and 2019: December 31, 2020 Carrying Fair (In thousands) Amount Level 1 Level 2 Level 3 Value Financial assets: Cash and cash equivalents $ 26,830 $ 26,830 $ — $ — $ 26,830 Securities available-for-sale 17,926 — 14,752 3,174 17,926 Securities held-to-maturity 1,480 — 1,510 — 1,510 Equity securities 661 661 — — 661 Loans receivable 285,640 — — 280,887 280,887 Federal Home Loan Bank of New York stock 1,992 — 1,992 — 1,992 Accrued interest receivable 1,179 1,179 — — 1,179 Financial liabilities: Deposits $ 309,546 $ 97,418 $ — $ 213,757 $ 311,175 Long-term borrowings 27,628 — 30,053 — 30,053 Subordinated debt 1,235 — 1,235 — 1,235 Accrued interest payable 52 52 — — 52 December 31, 2019 Carrying Fair (In thousands) Amount Level 1 Level 2 Level 3 Value Financial assets: Cash and cash equivalents $ 13,448 $ 13,448 $ — $ — $ 13,448 Securities available-for-sale 30,627 — 28,115 2,512 30,627 Securities held-to-maturity 2,078 — 2,110 — 2,110 Equity securities 2,579 2,579 — — 2,579 Loans receivable 259,620 — — 262,929 262,929 Federal Home Loan Bank of New York stock 2,267 — 2,267 — 2,267 Accrued interest receivable 1,215 1,215 — — 1,215 Financial liabilities: Deposits $ 283,338 $ 65,623 $ — $ 218,004 $ 283,627 Long-term borrowings 31,448 — 32,874 — 32,874 Subordinated debt 735 — 735 — 735 Accrued interest payable 104 104 — — 104 The following tables summarize assets measured at fair value on a recurring basis at December 31, 2020 and 2019, segregated by the level of valuation inputs within the hierarchy utilized to measure fair value: December 31, 2020 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Securities available-for-sale: Debt investment securities: Residential mortgage-backed - US agency and GSEs $ — $ 39 $ — $ 39 Municipal bonds — 14,713 3,174 17,887 Equity investment securities: Large cap equity mutual fund 35 — — 35 Other mutual funds 626 — — 626 Total investment securities $ 661 $ 14,752 $ 3,174 $ 18,587 December 31, 2019 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Securities available-for-sale: Debt investment securities: Residential mortgage-backed - US agency and GSEs $ — $ 50 $ — $ 50 Municipal bonds — 28,065 2,512 30,577 Equity investment securities: Large cap equity mutual fund 31 — — 31 Other mutual funds 2,548 — — 2,548 Total investment securities $ 2,579 $ 28,115 $ 2,512 $ 33,206 The Changes in Level 3 assets measured at estimated fair value on recurring basis during the years ended December 31, 2020 and 2019 were as follows: Investment (In thousands) Securities Balance - January 1, 2020 $ 2,512 Total gains realized/unrealized: Included in earnings — Included in other comprehensive income 116 Purchases 2,007 Principal payments/maturities (1,461) Sales — Balance - December 31, 2020 $ 3,174 Investment (In thousands) Securities Balance - January 1, 2019 $ — Total gains realized/unrealized: Included in earnings — Included in other comprehensive income — Purchases 2,528 Principal payments/maturities (16) Sales — Balance - December 31, 2019 $ 2,512 Sensitivity of Significant Unobservable Inputs: The following is a description of the sensitivity of significant unobservable inputs, the interrelationships between those inputs and other unobservable inputs used in recurring fair value measurement and how those inputs might magnify or mitigate the effect of changes in the unobservable inputs on the fair value measurement. Municipal Bonds : The significant unobservable inputs used in the fair value measurement of the Company’s municipal bonds are premiums for unrated securities and marketability discounts. Significant increases (decreases) in either of those inputs isolation would result in a significantly lower (higher) fair value measurement. In general, changes in either of those inputs will not affect the other input. Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following tables summarize assets measured at fair value on a nonrecurring basis at December 31, 2020 and 2019 segregated by the level of valuation inputs within the hierarchy utilized to measure fair value: At December 31, 2020 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Impaired loans $ — $ — $ 1,663 $ 1,663 Foreclosed real estate & repossessed assets — — 45 45 December 31, 2019 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Impaired loans $ — $ — $ 565 $ 565 Foreclosed real estate & repossessed assets — — 70 70 There have been no transfers of assets in or out of any fair value measurement level. The following table presents quantitative information about Level 3 fair value measurements for assets measured at fair value on a nonrecurring basis at December 31, 2020 and 2019: Quantitative Information about Level 3 Fair Value Measurements Valuation Unobservable Range Techniques Input (Weighted Avg.) Impaired loans - Appraisal of collateral Appraisal Adjustments 5% - 35% (20)% 1-4 family residential Costs to Sell 5% - 15% (10)% Impaired loans - Appraisal of collateral Appraisal Adjustments 5% - 35% (25)% Commercial real estate Changes in property condition 10% - 20% (15)% Costs to Sell 5% - 15% (10)% Impaired loans - USDA Guarantee Government guaranteed portion 20% (20)% Other commercial and industrial Foreclosed real estate and repossessed assets Appraisal of collateral Appraisal Adjustments 5% - 35% (25)% Changes in property condition 10% - 20% (15)% Costs to Sell 5% - 15% (10)% Impaired loans : At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value generally receive a specific valuation allowance for loan losses. For collateral dependent loans, fair value is commonly based on recent real estate appraisals. These real estate appraisals may include up to three approaches to value: the sales comparison approach, the income approach (for income-producing property) and the cost approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available, if applicable. Although the fair value of the property normally will be based on an appraisal, the valuation should be consistent with the price that a market participant will pay to purchase the property at the measurement date. Circumstances may exist that indicate that the appraised value is not an accurate measurement of the property’s current fair value. Examples of such circumstances include changed economic conditions since the last appraisal, stale appraisals, or imprecision and subjectivity in the appraisal process. Appraisal adjustments may be made by management to reflect these conditions resulting in a discount of the appraised value. In addition, a discount is typically applied to account for estimated costs to sell. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuations, and management’s expertise and knowledge of the client and client’s business. The methods used to determine the fair values of impaired loans typically result in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Foreclosed real estate & repossessed assets : Assets acquired through foreclosure, transfers in lieu of foreclosure or repossession are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Similar to the impaired loan disclosures above, fair value is commonly based on recent real estate appraisals, or estimated value from auction house or qualified dealer, and adjusted as deemed necessary by independent appraisers and management and estimated costs to sell resulting in a level 3 fair value classification. Foreclosed and repossessed assets are evaluated on a monthly basis to determine whether an additional reduction in the fair value less estimated costs to sell should be recorded.

Parent Company Only Financial I

Parent Company Only Financial Information	12 Months Ended
	Dec. 31, 2020
Parent Company Only Financial Information
Parent Company Only Financial Information	23. Parent Company Only Financial Information The following presents the condensed financial information pertaining only to Seneca-Cayuga Bancorp, Inc. as of and for the periods ended December 31, 2020 and 2019: Statements of Condition December 31, (In thousands) 2020 2019 Assets Cash and cash equivalents $ 113 $ 172 Securities available-for-sale, at fair value 635 8 Investment in bank subsidiary 32,167 29,603 Note receivable - ESOP 41 120 Other assets 927 — Total assets $ 33,883 $ 29,903 Liabilities and Shareholders' Equity Due to Bank $ 1,851 $ 582 Subordinated debt 1,235 735 Deferred tax liability 72 272 Other liabilities 839 83 Shareholders' equity 29,886 28,231 Total liabilities and shareholders' equity $ 33,883 $ 29,903 Year Ended Statements of Income December 31, (In thousands) 2020 2019 Income Dividends from bank subsidiary $ — $ — Dividends from securities available-for-sale 6 1 Interest income — 11 Gain on merger with Medina Savings and Loan Association — — Other noninterest income 40 1 Total income 46 13 Expenses Interest expense 84 81 Other expenses 251 99 Total expenses 335 180 Loss before taxes and equity in undistributed net income (loss) of bank subsidiary (289) (167) Income tax benefit (274) (155) Loss before equity in undistributed net income of bank subsidiary (15) (12) Equity in undistributed net income of bank subsidiary 1,763 99 Net income $ 1,748 $ 87 Year Ended Statements of Cash Flows December 31, (In thousands) 2020 2019 Operating Activities Net income (loss) $ 1,748 $ 87 Equity in undistributed net income of bank subsidiary (1,763) (99) Unrealized gain loss equity security (39) Net change in other assets (927) 6 Net change in other liabilities (322) (182) Net cash (used in) operating activities (1,303) (188) Investing Activities Capital Infusion in Subsidiary (500) Repayments received on ESOP note 79 76 Net cash (used in) provided by investing activities (421) 76 Financing activities Net proceeds from (repayment of) advances on note payable 1,269 22 Treasury stock purchases (41) (41) Advances from Sub-Debt 500 MHC Merger (63) — Net cash provided by (used in) financing activities 1,665 (19) Net change in cash and cash equivalents (59) (131) Cash and cash equivalents at beginning of year 172 303 Cash and cash equivalents at end of year $ 113 $ 172

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2020
Segment Information
Segment Information	24. Segment Information The Company has three primary business segments, its community banking franchise, its insurance agency and a limited-purpose commercial bank, which opened for business in 2019 to provide municipal banking services. The community banking segment provides financial services to consumers and businesses principally in the Finger Lakes Region and Orleans County of New York State. These services include providing various types of loans to customers, accepting deposits, mortgage banking and other traditional banking services. Parent company and treasury function income is included in the community-banking segment, as the majority of effort for these functions is related to this segment. Major revenue sources include net interest income, service fees on deposit accounts and investment services commission. Expenses include personnel and branch-network support charges. The insurance agency segment offers insurance coverage to businesses and individuals in the Finger Lakes Region. The insurance activities consist of those conducted through the Bank’s wholly owned subsidiary, Generations Agency. The primary revenue source is commissions. Expenses include personnel and office support charges. The municipal banking segment is a New York State chartered limited-purpose commercial bank formed expressly to enable local municipalities, primarily within the Finger Lakes Region and Northwest New York State, to deposit public funds with the Commercial Bank in accordance with existing NYS municipal law. The Commercial Bank opened for business on January 2, 2019 and is a wholly owned subsidiary of the Bank. The major revenue source is net interest income. Expenses include personnel, rent and support charges for using the assets and technology of the Bank. Information about the segments is presented in the following table as of and for the years ended and December 31, 2020 and 2019: Year Ended December 31, 2020 2019 Community Municipal Community Municipal Banking Insurance Banking Banking Insurance Banking (In thousands) Activities Activities Activities Total Activities Activities Activities Total Net interest income $ 10,011 $ — $ 480 $ 10,491 $ 9,553 $ 21 $ 28 $ 9,602 Provision for loan losses 480 — — 480 360 — — 360 Net interest income after provision for loan losses 9,531 — 480 10,011 9,193 21 28 9,242 Total noninterest income 2,718 762 480 3,960 2,736 811 — 3,547 Compensation and benefits (5,176) (389) (56) (5,621) (5,669) (412) (56) (6,137) Other noninterest expense (6,418) (158) (130) (6,706) (6,412) (242) (66) (6,720) (Loss) income before income taxes 655 215 774 1,644 (152) 178 (94) (68) Benefit for income taxes (112) — 8 (104) (155) — — (155) Net (loss) income $ 767 $ 215 $ 766 $ 1,748 $ 3 $ 178 $ (94) $ 87 Total assets $ 373,198 $ 1,452 $ 16,886 $ 391,536 $ 367,707 $ 2,328 $ 46,067 $ 416,102 The following represents a reconciliation of the Company’s reported segment assets: At December 31, At December 31, (In thousands) 2020 2019 Total assets for reportable segments $ 391,536 $ 416,102 Elimination of intercompany balances (18,522) (68,553) Consolidated total assets $ 373,014 $ 347,549 The accounting policies of each segment are the same as those described in the summary of significant accounting policies.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events
Subsequent Events	25. Subsequent Events The Company has evaluated subsequent events through March 29, 2021, which is the date the consolidated financial statements were available for issuance. In February 2021 the Company paid all remaining subordinated debt that was outstanding at December 31, 2020. On January 12, 2021, the Holding Company converted from the mutual holding company structure to a fully public stock holding company structure. Generations Bancorp NY, Inc. (“Generations Bancorp”) is a Maryland corporation that was organized in August 2020 as part of the conversion. Generations Bancorp sold 1,477,575 of its common stock in a stock offering, representing the Mutual Holding Company’s ownership interest in the Holding Company, for gross offering proceeds of $14.8 million and net proceeds of $13.3 million. In addition, existing shareholders of the Holding Company had their shares exchanged for shares of Generations Bancorp pursuant to an exchange ratio. As a result of the conversion, the Mutual Holding Company and the Holding Company ceased to exist and Generations Bank became the wholly owned subsidiary of Generations Bancorp.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies
Principles of Consolidation and Basis of Presentation	a. Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Holding Company, the Bank, the Commercial Bank and the Agency. The consolidated entity is referred to as the “Company” in the following notes to the consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation. Amounts in the prior year’s consolidated financial statements have been reclassified whenever necessary to conform to the current year’s presentation. Such reclassifications had no impact on net income.
Use of Estimates	b. Use of Estimates The preparation of consolidated financial statements, in accordance with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management has identified the allowance for loan losses, deferred income taxes, pension obligations and the evaluation of investment securities for other-than-temporary impairment to be the accounting areas that require the most subjective and complex judgments, and as such, could be the most subject to revision as new information becomes available. The Company is subject to the regulations of various governmental agencies. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to further changes with respect to asset valuations, amounts of required loss allowances, and operating restrictions resulting from the regulators’ judgments based on information available to them at the time of their examinations.
Cash and Cash Equivalents	c. Cash and Cash Equivalents Cash and cash equivalents include cash, amounts due from banks, including interest-bearing demand deposits and items in the process of collection. The Company considers all liquid investments with original maturities of three months or less to be cash equivalents.
Securities	d. Securities The Company reports debt securities in one of the following categories: (i) “held-to-maturity” which management has the positive intent and ability to hold debt securities to maturity. These securities are reported at amortized cost adjusted for the amortization of premiums and accretion of discounts; or (ii) “available-for-sale” which includes all other debt securities and are reported at fair value, with unrealized gains and losses excluded from earnings and reported in accumulated other comprehensive loss. The Company classifies its debt securities in one of these categories based upon determinations made at the time of purchase, and re-evaluates their classification each quarter-end. Premiums and discounts on debt securities are amortized, or accreted, to interest income over the term of the security and adjusted for the effect of actual prepayments in the case of mortgage-backed securities. Gains and losses on the sales of securities are recognized in income when sold, using the specific identification method, on a trade date basis. Equity securities are reported at fair value, with unrealized gains and losses included in earnings. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the accompanying consolidated financial statements. Note 4 to the consolidated financial statements includes additional information about the Company’s accounting policies with respect to the impairment of investment securities.
Federal Home Loan Bank of New York Stock	e. Federal Home Loan Bank of New York Stock The Bank, as a member of the Federal Home Loan Bank (“FHLB”) system, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no quoted fair value and is carried at cost, which approximates fair value.
Loans Receivable	f. Loans Receivable The Company grants residential mortgage, commercial and consumer loans to customers, principally located in the Finger Lakes Region of New York State and extending north to Orleans County. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are stated at their outstanding unpaid principal balances, less the allowance for loan losses and plus net deferred loan origination costs. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in the market area. Interest income is generally recognized when income is earned using the interest method. Nonrefundable loan fees received, and the related direct origination costs incurred, are deferred and amortized over the life of the loan using a method that approximates the interest method, resulting in a constant effective yield over the loan term. Deferred fees are recognized into income and deferred costs are charged to income immediately upon prepayment of the related loan. The loans receivable portfolio is segmented into residential mortgage, commercial and consumer loans. The residential mortgage segment consists of one- to four-family first-lien residential mortgages and construction loans. Commercial loans consist of the following classes: real estate secured by nonresidential property, real estate secured by multi-family residences, construction and other commercial and industrial loans. Consumer loans include home equity (both installment loans and lines of credit), residential junior-lien loans, manufactured home loans, automobile, student and other consumer loans.
Allowance for Loan Losses	g. Allowance for Loan Losses The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction of loans. The allowance for loan losses is increased by the provision for loan losses, and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable is charged off to the allowance as soon as it is determined that the repayment of all, or part, of the principal balance is highly unlikely. Consumer loans not secured by residential real estate are generally charged off no later than 90 days past due on a contractual basis, earlier in the event of bankruptcy, or if there is an amount deemed uncollectible. Because all identified losses are immediately charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying amount of that loan. The general component covers pools of loans by loan class including commercial loans not considered impaired, automobile loans identified in pools by product and underwriting standards, as well as smaller balance homogeneous consumer loans. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative risk factors. These qualitative risk factors include:  Asset quality trends  The trend in loan growth and portfolio mix  Regional and local economic conditions  Historical loan loss experience  Underlying credit quality Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. The risk characteristics within the loan portfolio vary depending on the loan segment. Consumer loans generally are repaid from personal sources of income. Risks associated with consumer loans primarily include general economic risks such as declines in the local economy creating higher rates of unemployment. Those conditions may also lead to a decline in collateral values should the Company be required to repossess the collateral securing consumer loans. These economic risks also impact the commercial loan segment, however commercial loans are considered to have greater risk than consumer loans as the primary source of repayment is from the cash flow of the business customer. Real estate loans, including residential mortgages, commercial real estate loans and home equity loans comprise approximately 77% of the portfolio in 2019 and 78% in 2018. Loans secured by real estate provide the best collateral protection and thus significantly reduce the inherent risk in the portfolio. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial loans, by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance for loan losses is established for an impaired loan if its carrying amount exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, including those in construction, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made as to whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging’s or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment disclosures, unless such loans are the subject of a troubled debt restructuring agreement. Loans whose terms are modified are classified as troubled debt restructurings if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring generally involve a temporary reduction in interest rate or an extension of a loan’s stated maturity date. Loans classified as troubled restructurings are designated as impaired. The indirect automobile program loans, and the loans originated under a direct sub-prime automobile program, are evaluated separately from the rest of the consumer loan portfolio. Due to the inherent risk of the program loans, they are evaluated based on the historical losses in the portfolio and discounted collateral values. Since this piece of the portfolio no longer enjoys the participation of the dealers, their continuing reserves and dealer cooperation, there are no longer available cash reserves accumulated as part of the indirect loan assignment agreements with local dealers. The direct sub-prime automobile program was offered to consumers for approximately Nine Months in 2014. The program was discontinued after a detailed analysis revealed that the loan type carried higher risk characteristics than the other automobile portfolios. We have analyzed the historical loss factors to date and have assigned higher reserve factors to these loans to represent the associated risk. Reserves for this loan type are based on the rate of delinquency, the prospect of payment established by collection efforts and discounted collateral values. On March 27,2020, the President of the United State signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which provides entities with optional temporary relief from certain accounting and financial reporting requirements under U.S. GAPP. Section 4013 of the CARES Act allows financial institutions to suspend application of certain TDR accounting guidance for loan an d lease modifications related to COVID-19 Pandemic made between March 1, 2020 and the earlier of December 31, 2020 or 60 days after the end of the COVID-19 national emergency, provided certain criteria are met. Section 4013 pf the CARE Act was amended on December 27, 2020 to extended this relief until January 1, 2022. The relief can be applied to loan and lease modifications for borrowers that were not more than 30 days past due as of December 31, 2019 and to loan and lease modifications that defer to re delay the payment of principal or interest, or change the interest rate on the loan. The Company choose to apply this relief to eligible loan and lease modifications. The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for all loans. Credit quality risk ratings include regulatory classifications of special mention, substandard, doubtful and loss. Loans classified as special mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as doubtful have all the weaknesses inherent in loans classified as substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as loss are considered uncollectible and are charged to the allowance for loans losses. Loans not classified are rated as pass. In addition, Federal regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination, which may not be currently available to management. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate.
Income Recognition on Impaired and Non-accrual Loans	j. Income Recognition on Impaired and Non-accrual Loans For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan may be currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on non-accrual status, unpaid interest is reversed and charged to interest income. Interest received on non-accrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time and the ultimate collectability of the total contractual principal and interest is no longer in doubt. Non-accrual troubled debt restructurings are restored to accrual status if principal and interest payments, under the modified terms, are current for six consecutive months after modification. When future collectability of the recorded loan balance is expected, interest income may be recognized on a cash basis. In the case where a non-accrual loan had been partially charged off, recognition of interest on a cash basis is limited to that which would have been recognized on the recorded loan balance at the contractual interest rate. Cash interest receipts in excess of that amount are recorded as recoveries to the allowance for loan losses until prior charge-offs have been fully recovered.
Premises and equipment	i. Premises and equipment Land is carried at cost. Buildings, improvements and equipment are carried at cost less accumulated depreciation and amortization. Depreciation expense is provided on a straight-line basis over the estimated useful lives of the related assets, which is generally 15 to 40 years for buildings and 3 to 10 years for furniture, equipment, computers and software. Leasehold improvements are amortized over the shorter of the terms of the lease or useful life. Maintenance and repairs are charged to operating expenses as incurred. The asset cost and accumulated depreciation are removed from the accounts for assets sold or retired and any resulting gain or loss is included in the determination of income. Premises and equipment are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of a particular asset may not be recoverable.
Bank-owned life insurance	j. Bank-owned life insurance The Bank invests in bank-owned life insurance (BOLI) as a source of funding for employee benefit expenses. BOLI involves the purchasing of life insurance by the Bank on a chosen group of employees. The Bank is the owner and beneficiary of the life insurance policies, and as such, the investment is carried at the cash surrender value of the underlying policies. In 2012, the Bank purchased additional BOLI to offset the cost of the director’s retirement plan and the addition of a supplemental executive retirement plan. The 2012 purchase of $2 million in additional BOLI on senior management includes a split-dollar arrangement on a portion of the insurance benefit. The policies are carried at the cash surrender value and the liability for the split dollar arrangement is recorded in other liabilities. Income from the increase in cash surrender value of the policies is included in noninterest income on the consolidated statements of income.
Intangible assets and goodwill	k. Intangible assets and goodwill Intangible assets represent acquired assets that lack physical substance, but can be distinguished from goodwill because of contractual or other legal rights. The Company’s intangible assets include customer lists and covenants not to compete that were acquired in connection with business acquisitions. On December 28, 2016, the Company purchased the John G. Sweeney Agency, Inc. and the associated covenant not to compete was recorded as an intangible asset. Goodwill is reflected in the insurance agency segment. This asset will be amortized over 7 years in accordance with the life identified in the purchase contract. Additionally, as part of recording the purchase of assets and liabilities of MSL at fair value upon the September 29, 2018 merger, Generations Bank recorded a $964,000 Core Deposit Intangible (“CDI”). The CDI valuation method employed a discounted cash flow analysis to determine the fair value of the acquired core deposits to fund operations, versus using comparable term (i.e. term to maturity) wholesale borrowings. A positive valuation results because the overall cost of core deposits (interest rate plus operating expense less other income) is lower than the cost of a laddered portfolio of borrowings structured with the same maturity as the projected core deposit base. As of the Valuation Date, the value of Medina’s core deposits was, in aggregate, $964,000 on a pre-tax basis, equal to 2.50% of the acquired core deposits. This asset will be amortized over 15 years in accordance with the fair value analysis provided by a third party. The Company reviews its identifiable assets for impairment whenever events or circumstances indicate that the carrying value may not be recoverable. Goodwill represents the excess of the cost of an acquisition over the fair value of tangible and identifiable intangible assets acquired in a business combination utilizing purchase accounting. The stock purchase of the John G. Sweeney Agency, Inc. was recorded as goodwill of $792,000. The value of goodwill is tested at least annually for impairment. The MSL merger did not have goodwill.
Employee benefit plans	l. Employee benefit plans The Bank funds two noncontributory defined benefit pension plans, one plan that accrues benefits for employees of Generations Bank that were hired prior to October 1, 2016 and the second plan that was acquired with the MSL merger and covers MSL employees that were participants of that plan effective September 30, 2018. Both plans have been frozen to new employees and cover eligible Company employees at least 21 years of age and with at least one year of service. Benefits under these plans generally are based on employees’ years of service and compensation. The Bank makes annual contributions to the plans equal to the maximum amount that can be deducted for income tax purposes. The Bank sponsors an Employee Stock Ownership Plan (“ESOP”) covering substantially all full time employees. Acquisitions of the Holding Company’s common stock for the Plan by the Bank were funded internally through a borrowing from the Holding Company, which is repayable semi-annually with interest over fifteen years. The cost of shares issued to the ESOP but not allocated to participants is presented in the consolidated statement of financial condition as a reduction of shareholders’ equity. ESOP shares are released to participants proportionately as the loan is repaid. Allocations to individual accounts are based on participant compensation. As shares are committed to be released to participants, the Company reports compensation expense equal to the current market price of the shares and the shares become outstanding for earnings per share computations. The difference between the market price and the cost of shares committed to be released is recorded as an adjustment to additional paid-in-capital. Dividends on allocated shares reduce retained earnings; dividends on unallocated ESOP shares reduce debt and accrued interest. The Company has a defined contribution plan under section 401(k) of the Internal Revenue Code. This plan covers all Company employees with at least twelve months of service. The Company’s contributions to this plan are discretionary, begin after one year of service and are determined annually by the Board of Directors. Employee contributions are voluntary. Employees vest immediately in their own contributions, and vest in the Company’s contributions based on years of service. The Company has a Directors Retirement Plan for the benefit of its eligible non-employee members of the Board of Directors of the Company. This plan is an unfunded arrangement and intended to comply with Internal Revenue Code Section 409A. The plan allows for deferred compensation elections and a supplemental contribution by the Bank. The Company also has a supplemental executive retirement plan, under Internal Revenue Code Section 409A, for selected officers. This plan is an unfunded arrangement that consists on an annual contribution calculated based on a target benefit.
Foreclosed real estate and repossessed assets	m. Foreclosed real estate and repossessed assets Real estate and other assets acquired in settlement of loans are carried at the fair value of the property at the date of acquisition less estimated selling costs. The following table represents the detail of such assets at December 31: Year Ended December 31, (In thousands) 2020 2019 Foreclosed real estate $ 45 $ 60 Repossessed assets — 10 $ 45 $ 70 Write-downs from cost to fair value less estimated selling costs, which are required at the time of foreclosure or repossession, are charged to the allowance for loan losses. Subsequent write-downs to fair value, net of estimated selling costs and the net operating expenses of foreclosed assets, are charged to other noninterest expenses and were approximately $40,000 and $16,000 for years ended 2020 and 2019, respectively. At December 31, 2020 there were nine one- to four-family residential mortgage loans and two home equity loans in the process of foreclosure for a total of 558,000. At December 31, 2019, there were five one- to four-family residential mortgage loans and two related home equity loans in the process of foreclosure for a total of $278,000.
Advertising	n. Advertising The Company follows the policy of charging the costs of advertising to expense as incurred.
Income taxes	o. Income taxes Deferred income tax assets and liabilities are determined using the liability method. Under this method, the net deferred tax asset or liability is recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases as well as net operating losses, capital losses and contribution carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period that includes the enactment date. To the extent that current available evidence about the future raises doubt about the likelihood of a deferred tax asset being realized, a valuation allowance is established. The judgment about the level of future taxable income, including that which is considered capital, is inherently subjective and is reviewed on a continual basis as regulatory and business factors change. Interest and penalties are included as a component of noninterest expense if incurred. Uncertain tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent. The terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. At December 31, 2020 and 2019, the Company had no uncertain tax positions.
Comprehensive income	p. Comprehensive income Accounting principles generally accepted in the United States of America require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and unrecognized gains or losses and prior service credits for the defined benefit pension plan are reported as a separate component of the shareholders’ equity section of the consolidated statements of financial condition, such items, along with net income, are components of comprehensive income. The amounts of income tax (expense) benefit allocated to each component of other comprehensive income are as follows for the for years ended December 31, 2020 and 2019: For Years Ended December 31, (In thousands) 2020 2019 Unrealized gains on securities available-for-sale: Unrealized holding gains arising during the period $ (242) $ (163) Reclassification adjustment for net gains included in net income 225 58 Net unrealized gains on securities available-for-sale (17) (105) Defined benefit pension plan: Net plan gains arising during the period (20) (54) Reclassification of amortization of net losses and prior service credit recognized in net pension expense (29) (40) Net change in defined benefit pension plan asset (49) (94) $ (66) $ (199) The balances and changes in the components of accumulated other comprehensive income (loss), net of tax, are as follows: Unrealized Accumulated (Losses) Gains Defined Other Year Ended December 31, on Securities Benefit Comprehensive (In thousands) Available-for-Sale Pension Plan Income (Loss) Balance, January 1, 2020 $ 658 $ (2,320) $ (1,662) Other comprehensive gain before reclassifications 911 76 987 Amounts reclassified from AOCI to the income statement (846) 106 (740) Net current-period other comprehensive income 65 182 247 Balance, December 31, 2020 $ 723 $ (2,138) $ (1,415) Balance, January 1, 2019 $ 262 $ (2,673) $ (2,411) Other comprehensive gain before reclassifications 612 202 814 Amounts reclassified from AOCI to the income statement (216) 151 (65) Net current-period other comprehensive income 396 353 749 Balance, December 31, 2019 $ 658 $ (2,320) $ (1,662) (1) Reclassification from accumulated other comprehensive loss to retained earnings for the change in accounting treatment adopted under ASU 2016‑01. This amendment requires equity securities to be measured at fair value and the change in fair value to be recognized through net income.
Earnings (Loss) Per Common Share	q. Earnings Per Common Share Basic earnings per common share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. The weighted-average number of common shares outstanding was 2,458,000 and 2,456,000 for the years ended December 31, 2020 and 2019. The Company has not granted any restricted stock awards or stock options and had no potentially dilutive common stock equivalents. Unallocated common shares held by the ESOP are not included in the weighted-average number of common shares outstanding for purposes of calculating basic earnings per common share until they are committed to be released. On May 20, 2008, the Board of Directors of the Company authorized a stock repurchase program pursuant to which the Company intends to repurchase up to 5% of its outstanding shares (excluding shares held by Seneca Falls Savings Bank, MHC, the Company’s mutual holding company), or up to 119,025 shares. The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company’s liquidity requirements and alternative uses of capital. Repurchased shares are held as treasury stock and are available for general corporate purposes. The Company conducts such repurchases in accordance with a Rule 10b5‑1 trading plan.
Recently Adopted and Recently Issued Accounting Pronouncements	r. Recently Adopted and Recently Issued Accounting Pronouncements On January 1, 2019, the Company adopted ASU No. 2016‑02, which amended guidance on “Leases (Topic 842)”. The new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. The objective of this standard is to present a more faithful representation of the rights and obligations arising from leases by requiring lessees to recognize the lease assets and lease liabilities that arise from leases in the statement of financial position and to disclose qualitative and quantitative information about lease transactions, such as information about variable lease payments and options to renew and terminate leases. The Company has one lease expiring in June 2021, and the obligation under the lease is not significant. Further details of the lease commitment are provided in Note 17 to these Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018‑15, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350‑40), Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract” (“ASU 2018‑15”). The amendments in ASU 2018‑15 broaden the scope of ASC Subtopic 350‑40 to include costs incurred to implement a hosting arrangement that is a service contract. The amendments align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The costs are capitalized or expensed depending on the nature of the costs and the project stage during which they are incurred, consistent with the accounting for internal-use software costs. The amendments in ASU 2018‑15 result in consistent capitalization of implementation costs of a hosting arrangement that is a service contract and implementation costs incurred to develop or obtain internal use software (and hosting arrangements that include an internal-use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in ASU 2018‑15. For public business entities, the ASU is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. The Company early adopted ASU 2018‑15, effective January 1, 2019. In September 2016, the FASB issued ASU No. 2016‑13, “Measurement of Credit Losses on Financial Instruments.” This ASU significantly changes how entities will measure credit losses for most financial assets and certain other instruments that aren’t measured at fair value through net income. In issuing the standard, the FASB is responding to criticism that today’s guidance delays recognition of credit losses. The standard will replace today’s “incurred loss” approach with an “expected loss” model. The new model, referred to as the current expected credit loss (“CECL”) model, will apply to: (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, held-to-maturity securities, loan commitments, and financial guarantees. The CECL model does not apply to available-for-sale (“AFS”) debt securities. For AFS debt securities with unrealized losses, entities will measure credit losses in a manner similar to what they do today, except that the losses will be recognized as allowances rather than reductions in the amortized cost of the securities. As a result, entities will recognize improvements to estimated credit losses immediately in earnings rather than as interest income over time, as they do today. The ASU also simplifies the accounting model for purchased credit-impaired debt securities and loans. ASU 2016‑13 also expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for loan and lease losses. In addition, entities will need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. ASU No. 2016‑13 is effective for public business entities that are U.S. Securities and Exchange Commission (SEC) filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For SEC filers that are Smaller Reporting Companies, all other public business entities, and other non-public entities, the amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach). The Company is currently evaluating the impact of these amendments to the Company’s financial position and results of operations and currently does not know or cannot reasonably quantify the impact of the adoption of the amendments as a result of the complexity and extensive changes from these amendments. The Allowance for Loan Losses (ALL) estimate is material to the Company and given the change from an incurred loss model to a methodology that considers the credit loss over the life of the loan, there is the potential for an increase in the ALL at adoption date. The Company is anticipating a significant change in the processes and procedures to calculate the ALL, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. In addition, the current accounting policy and procedures for the other-than-temporary impairment on available-for-sale securities will be replaced with an allowance approach. The Company continues to collect and retain historical loan and credit data. The Company is in the process of identifying data gaps. Certain CECL models are currently being evaluated. The Audit Committee is informed of ongoing CECL developments. For additional information on the allowance for loan losses, see Notes 1 and 7.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies
Summary of Foreclosed real estate and repossessed assets	Year Ended December 31, (In thousands) 2020 2019 Foreclosed real estate $ 45 $ 60 Repossessed assets — 10 $ 45 $ 70
Income tax (expense) benefit allocated to component of other comprehensive income	For Years Ended December 31, (In thousands) 2020 2019 Unrealized gains on securities available-for-sale: Unrealized holding gains arising during the period $ (242) $ (163) Reclassification adjustment for net gains included in net income 225 58 Net unrealized gains on securities available-for-sale (17) (105) Defined benefit pension plan: Net plan gains arising during the period (20) (54) Reclassification of amortization of net losses and prior service credit recognized in net pension expense (29) (40) Net change in defined benefit pension plan asset (49) (94) $ (66) $ (199)
Reclassified out of each component of accumulated other comprehensive loss	Unrealized Accumulated (Losses) Gains Defined Other Year Ended December 31, on Securities Benefit Comprehensive (In thousands) Available-for-Sale Pension Plan Income (Loss) Balance, January 1, 2020 $ 658 $ (2,320) $ (1,662) Other comprehensive gain before reclassifications 911 76 987 Amounts reclassified from AOCI to the income statement (846) 106 (740) Net current-period other comprehensive income 65 182 247 Balance, December 31, 2020 $ 723 $ (2,138) $ (1,415) Balance, January 1, 2019 $ 262 $ (2,673) $ (2,411) Other comprehensive gain before reclassifications 612 202 814 Amounts reclassified from AOCI to the income statement (216) 151 (65) Net current-period other comprehensive income 396 353 749 Balance, December 31, 2019 $ 658 $ (2,320) $ (1,662) (1) Reclassification from accumulated other comprehensive loss to retained earnings for the change in accounting treatment adopted under ASU 2016‑01. This amendment requires equity securities to be measured at fair value and the change in fair value to be recognized through net income.

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2020
Securities
Schedule of investments in securities available-for-sale and held-to-maturity	December 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains Losses Value Securities available-for-sale: Residential mortgage-backed - US agency and GSEs $ 39 $ 1 $ (1) $ 39 State and political subdivisions 16,971 916 — 17,887 Total securities available-for-sale $ 17,010 $ 917 $ (1) $ 17,926 Securities held-to-maturity: Residential mortgage-backed - US agency and GSEs $ 1,480 $ 33 $ (3) $ 1,510 Total securities held-to-maturity $ 1,480 $ 33 $ (3) $ 1,510 Equity securities: Large cap equity mutual fund $ 35 $ 35 Other mutual funds 626 626 Total of equity securities $ 661 $ 661 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains Losses Value Securities available-for-sale: Residential mortgage-backed - US agency and GSEs $ 48 $ 2 $ — $ 50 State and political subdivisions 29,746 903 (72) 30,577 Total securities available-for-sale $ 29,794 $ 905 $ (72) $ 30,627 Securities held-to-maturity: Residential mortgage-backed - US agency and GSEs 2,078 36 (4) 2,110 Total securities held-to-maturity $ 2,078 $ 36 $ (4) $ 2,110 Equity securities: Large cap equity mutual fund $ 31 $ 31 Other mutual funds 2,548 2,548 Total of equity securities $ 2,579 $ 2,579
Schedule of gross unrealized losses on investment securities and the fair value of the related securities	December 31, 2020 12 Months or Less More than 12 Months Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses Securities available-for-sale: Residential mortgage-backed - US agency and GSEs $ 24 $ (1) $ 2 $ — $ 26 $ (1) Total securities available-for-sale $ 1,090 $ (1) $ 2 $ — $ 1,092 $ (1) Securities held-to-maturity: Residential mortgage-backed - US agency and GSEs $ 150 $ (2) $ 97 $ (1) $ 247 $ (3) Total securities held-to-maturity $ 150 $ (2) $ 97 $ (1) $ 247 $ (3) December 31, 2019 12 Months or Less More than 12 Months Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses Securities available-for-sale: Residential mortgage-backed - US agency and GSEs* $ — $ — $ 4 $ — $ 4 $ — State and political subdivisions 8,779 (72) — — 8,779 (72) Total securities available-for-sale $ 8,779 $ (72) $ 4 $ — $ 8,783 $ (72) Securities held-to-maturity: Residential mortgage-backed - US agency and GSEs $ 68 $ (1) $ 217 $ (3) $ 285 $ (4) Total securities held-to-maturity $ 68 $ (1) $ 217 $ (3) $ 285 $ (4) * Gross unrealized losses are less than $1,000.
Schedule of the amount related to credit losses recognized in earnings	(In thousands) 2020 2019 Beginning balance – January 1 $ — $ 408 Initial credit impairment — — Subsequent credit impairments — — Reductions for amounts recognized in earnings due to intent or requirement to sell — — Reductions for securities sold — (408) Reductions for increases in cash flows expected to be collected — — Ending balance - December 31 $ — $ —
Summary of the amortized cost and estimated fair values of debt securities	December 31, 2020 Securities Securities Available-for-Sale Held-to-Maturity Amortized Estimated Amortized Estimated (in thousands) Cost Fair Value Cost Fair Value Due in one year or less $ 974 $ 975 $ — $ — Due over one year through five years 1,400 1,426 — — Due over five through ten years 5,565 5,791 — — Due after ten years 9,032 9,695 — — 16,971 17,887 — — Residential mortgage-backed securities 39 39 1,480 1,510 Total $ 17,010 $ 17,926 $ 1,480 $ 1,510
Gross realized gains (losses) on sales and redemptions of securities	Year Ended December 31, (In thousands) 2020 2019 Realized gains $ 1,071 $ 274 Realized losses — — $ 1,071 $ 274

Loans Receivable (Tables)

Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2020
Loans Receivable
Schedule of major classifications of loans	December 31, December 31, (In thousands) 2020 2019 Originated Loans Residential mortgages: One- to four-family $ 113,254 $ 120,208 Construction — 828 113,254 121,036 Commercial loans: Real estate - nonresidential 22,812 33,581 Multi-family 5,125 5,585 Construction — 100 Commercial business 20,178 14,028 48,115 53,294 Consumer: Home equity and junior liens 9,981 10,170 Manufactured homes 44,347 23,769 Automobile 21,469 21,083 Student 2,259 2,251 Recreational vehicle 14,557 263 Other consumer 4,081 1,724 96,694 59,260 Total originated loans 258,063 233,590 Net deferred loan costs 11,854 4,986 Less allowance for loan losses (1,821) (1,660) Net originated loans $ 268,096 $ 236,916 December 31, December 31, (In thousands) 2020 2019 Acquired Loans Residential mortgages: One- to four-family $ 14,102 $ 18,506 Construction — — 14,102 18,506 Commercial loans: Real estate - nonresidential 1,942 2,115 Commercial business 327 404 2,269 2,519 Consumer: Home equity and junior liens 1,406 1,833 Other consumer 190 361 1,596 2,194 Total acquired loans 17,967 23,219 Net deferred loan costs (67) (91) Fair value credit and yield adjustment (356) (424) Net acquired loans $ 17,544 $ 22,704 December 31, December 31, (In thousands) 2020 2019 Total Loans Residential mortgages: One- to four-family $ 127,356 $ 138,714 Construction — 828 127,356 139,542 Commercial loans: Real estate - nonresidential 24,754 35,696 Multi-family 5,125 5,585 Construction — 100 Commercial business 20,505 14,432 50,384 55,813 Consumer: Home equity and junior liens 11,387 12,003 Manufactured homes 44,347 23,769 Automobile 21,469 21,083 Student 2,259 2,251 Recreational vehicle 14,557 263 Other consumer 4,271 2,085 98,290 61,454 Total Loans 276,030 256,809 Net deferred loan costs 11,787 4,895 Fair value credit and yield adjustment (356) (424) Less allowance for loan losses (1,821) (1,660) Loans receivable, net $ 285,640 $ 259,620
Summary of loan portfolio by Company’s internal risk rating system	December 31, 2020 Special (In thousands) Pass Mention Substandard Doubtful Total Originated Loans Residential mortgages: One- to four-family $ 109,752 $ 627 $ 2,875 $ — $ 113,254 Construction — — — — — 109,752 627 2,875 — 113,254 Commercial loans: Real estate - nonresidential 15,597 4,433 2,782 — 22,812 Multi-family 5,083 — 42 — 5,125 Construction — — — — — Commercial business 17,009 842 2,327 — 20,178 37,689 5,275 5,151 — 48,115 Consumer: Home equity and junior liens 9,923 — 58 — 9,981 Manufactured homes 44,272 — 75 — 44,347 Automobile 21,432 4 33 — 21,469 Student 2,259 — — — 2,259 Recreational vehicle 14,527 30 — — 14,557 Other consumer 4,046 4 31 — 4,081 96,459 38 197 — 96,694 Total originated loans $ 243,900 $ 5,940 $ 8,223 $ — $ 258,063 Special (In thousands) Pass Mention Substandard Doubtful Total Acquired Loans Residential mortgages: One- to four-family $ 13,669 $ 63 $ 370 $ — $ 14,102 13,669 63 370 — 14,102 Commercial loans: Real estate - nonresidential 1,942 — — — 1,942 Commercial business 327 — — — 327 2,269 — — — 2,269 Consumer: Home equity and junior liens 1,362 — 44 — 1,406 Other consumer 190 — — — 190 1,552 — 44 — 1,596 Total acquired loans $ 17,490 $ 63 $ 414 $ — $ 17,967 Special (In thousands) Pass Mention Substandard Doubtful Total Total Loans Residential mortgages: One- to four-family $ 123,421 $ 690 $ 3,245 $ — $ 127,356 Construction — — — — — 123,421 690 3,245 — 127,356 Commercial loans: Real estate - nonresidential 17,539 4,433 2,782 — 24,754 Multi-family 5,083 — 42 — 5,125 Construction — — — — — Commercial business 17,336 842 2,327 — 20,505 39,958 5,275 5,151 — 50,384 Consumer: Home equity and junior liens 11,285 — 102 — 11,387 Manufactured homes 44,272 — 75 — 44,347 Automobile 21,432 4 33 — 21,469 Student 2,259 — — — 2,259 Recreational vehicle 14,527 30 — — 14,557 Other consumer 4,236 4 31 — 4,271 98,011 38 241 — 98,290 Total loans $ 261,390 $ 6,003 $ 8,637 $ — $ 276,030 December 31, 2019 Special (In thousands) Pass Mention Substandard Doubtful Total Originated Loans Residential mortgages: One- to four-family $ 116,414 $ 2,159 $ 1,635 $ — $ 120,208 Construction 828 — — — 828 117,242 2,159 1,635 — 121,036 Commercial loans: Real estate - nonresidential 29,192 1,479 2,910 — 33,581 Multi-family 5,585 — — — 5,585 Construction 100 — — — 100 Commercial business 10,222 1,798 2,008 — 14,028 45,099 3,277 4,918 — 53,294 Consumer: Home equity and junior liens 10,030 96 44 — 10,170 Manufactured homes 23,686 83 — — 23,769 Automobile 20,975 54 54 — 21,083 Student 2,251 — — — 2,251 Recreational vehicle 263 — — — 263 Other consumer 1,721 2 1 — 1,724 58,926 235 99 — 59,260 Total originated loans $ 221,267 $ 5,671 $ 6,652 $ — $ 233,590 Special (In thousands) Pass Mention Substandard Doubtful Total Acquired Loans Residential mortgages: One- to four-family $ 17,387 $ 805 $ 314 $ — $ 18,506 17,387 805 314 — 18,506 Commercial loans: Real estate - nonresidential 2,115 — — — 2,115 Commercial business 404 — — — 404 2,519 — — — 2,519 Consumer: Home equity and junior liens 1,746 — 87 — 1,833 Other consumer 361 — — — 361 2,107 — 87 — 2,194 Total acquired loans $ 22,013 $ 805 $ 401 $ — $ 23,219 Special (In thousands) Pass Mention Substandard Doubtful Total Total Loans Residential mortgages: One- to four-family $ 133,801 $ 2,964 $ 1,949 $ — $ 138,714 Construction 828 — — — 828 134,629 2,964 1,949 — 139,542 Commercial loans: Real estate - nonresidential 31,307 1,479 2,910 — 35,696 Multi-family 5,585 — — — 5,585 Construction 100 — — — 100 Commercial business 10,626 1,798 2,008 — 14,432 47,618 3,277 4,918 — 55,813 Consumer: Home equity and junior liens 11,776 96 131 — 12,003 Manufactured homes 23,686 83 — — 23,769 Automobile 20,975 54 54 — 21,083 Student 2,251 — — — 2,251 Recreational vehicle 263 — — — 263 Other consumer 2,082 2 1 — 2,085 61,033 235 186 — 61,454 Total loans $ 243,280 $ 6,476 $ 7,053 $ — $ 256,809
Schedule of age analysis of past due loans, segregated by class of loans	December 31, 2020 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Originated Loans Residential mortgage loans: One- to four-family $ 2,345 $ 691 $ 2,875 $ 5,911 $ 107,343 $ 113,254 Construction — — — — — — 2,345 691 2,875 5,911 107,343 113,254 Commercial loans: Real estate - nonresidential 66 66 1,103 1,235 21,577 22,812 Multi-family — — 42 42 5,083 5,125 Construction — — — — — — Commercial business 139 — 688 827 19,351 20,178 205 66 1,833 2,104 46,011 48,115 Consumer loans: Home equity and junior liens 92 23 58 173 9,808 9,981 Manufactured homes 944 440 75 1,459 42,888 44,347 Automobile 188 21 33 242 21,227 21,469 Student — — — — 2,259 2,259 Recreational vehicle 229 30 — 259 14,298 14,557 Other consumer 3 4 29 36 4,045 4,081 1,456 518 195 2,169 94,525 96,694 Total originated loans $ 4,006 $ 1,275 $ 4,903 $ 10,184 $ 247,879 $ 258,063 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Acquired Loans Residential mortgage loans: One- to four-family $ 223 $ 48 $ 370 $ 641 $ 13,461 $ 14,102 Construction — — — — — — 223 48 370 641 13,461 14,102 Commercial loans: Real estate - nonresidential — — — — 1,942 1,942 Commercial business — 15 — 15 312 327 — 15 — 15 2,254 2,269 Consumer loans: Home equity and junior liens 46 6 44 96 1,310 1,406 Other consumer — — 2 2 188 190 46 6 46 98 1,498 1,596 Total acquired loans $ 269 $ 69 $ 416 $ 754 $ 17,213 $ 17,967 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Total Loans Residential mortgage loans: One- to four-family $ 2,568 $ 739 $ 3,245 $ 6,552 $ 120,804 $ 127,356 Construction — — — — — — 2,568 739 3,245 6,552 120,804 127,356 Commercial loans: Real estate - nonresidential 66 66 1,103 1,235 23,519 24,754 Multi-family — — 42 42 5,083 5,125 Construction — — — — — — Commercial business 139 15 688 842 19,663 20,505 205 81 1,833 2,119 48,265 50,384 Consumer loans: Home equity and junior liens 138 29 102 269 11,118 11,387 Manufactured homes 944 440 75 1,459 42,888 44,347 Automobile 188 21 33 242 21,227 21,469 Student — — — — 2,259 2,259 Recreational vehicle 229 30 — 259 14,298 14,557 Other consumer 3 4 31 38 4,233 4,271 1,502 524 241 2,267 96,023 98,290 Total loans $ 4,275 $ 1,344 $ 5,319 $ 10,938 $ 265,092 $ 276,030 December 31, 2019 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Originated Loans Residential mortgage loans: One- to four-family $ 2,963 $ 1,656 $ 1,945 $ 6,564 $ 113,644 $ 120,208 Construction — — — — 828 828 2,963 1,656 1,945 6,564 114,472 121,036 Commercial loans: Real estate - nonresidential 350 1,388 912 2,650 30,931 33,581 Multi-family — — — — 5,585 5,585 Construction — — — — 100 100 Commercial business 540 24 73 637 13,391 14,028 890 1,412 985 3,287 50,007 53,294 Consumer loans: Home equity and junior liens 80 71 67 218 9,952 10,170 Manufactured homes 179 83 — 262 23,507 23,769 Automobile 207 54 54 315 20,768 21,083 Student 35 — — 35 2,216 2,251 Recreational vehicle — — — — 263 263 Other consumer 57 2 — 59 1,665 1,724 558 210 121 889 58,371 59,260 Total originated loans $ 4,411 $ 3,278 $ 3,051 $ 10,740 $ 222,850 $ 233,590 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Acquired Loans Residential mortgage loans: One- to four-family $ 457 $ 293 $ 314 $ 1,064 $ 17,442 $ 18,506 — — — — — — Commercial loans: 457 293 314 1,064 17,442 18,506 Real estate - nonresidential Commercial business — — — — 2,115 2,115 Other commercial and industrial — — — — 404 404 — — — — 2,519 2,519 Consumer loans: Home equity and junior liens 11 63 87 161 1,672 1,833 Other consumer 1 18 — 19 342 361 12 81 87 180 2,014 2,194 Total acquired loans $ 469 $ 374 $ 401 $ 1,244 $ 21,975 $ 23,219 90 Days 30-59 Days 60-89 Days or More Total Total Loans Total Loans (In thousands) Past Due Past Due Past Due Past Due Current Receivable Total Loans Residential mortgage loans: One- to four-family $ 3,420 $ 1,949 $ 2,259 $ 7,628 $ 131,086 $ 138,714 Construction — — — — 828 828 3,420 1,949 2,259 7,628 131,914 139,542 Commercial loans: Real estate - nonresidential 350 1,388 912 2,650 33,046 35,696 Multi-family — — — — 5,585 5,585 Construction — — — — 100 100 Commercial business 540 24 73 637 13,795 14,432 890 1,412 985 3,287 52,526 55,813 Consumer loans: Home equity and junior liens 91 134 154 379 11,624 12,003 Manufactured homes 179 83 — 262 23,507 23,769 Automobile 207 54 54 315 20,768 21,083 Student 35 — — 35 2,216 2,251 Recreational vehicle — — — — 263 263 Other consumer 58 20 — 78 2,007 2,085 570 291 208 1,069 60,385 61,454 Total loans $ 4,880 $ 3,652 $ 3,452 $ 11,984 $ 244,825 $ 256,809
Non-accrual loans, segregated by class of loan	December 31, December 31, (In thousands) 2020 2019 Residential mortgage loans: 1-4 family first-lien $ 3,245 $ 2,259 Construction — — 3,245 2,259 Commercial loans: Real estate - nonresidential 1,103 2,509 Real estate - multi-family 42 — Construction — — Other commercial and industrial 688 1,195 1,833 3,704 Consumer loans: Home equity and junior liens 102 154 Manufactured homes 75 — Automobile 33 54 Student — — Recreational Vehicle — Other consumer 31 — 241 208 Total non-accrual loans $ 5,319 $ 6,171
Summary of impaired loans information by portfolio class	December 31, 2020 Unpaid Recorded Principal Related (In thousands) Investment Balance Allowance With no related allowance recorded: One- to four-family residential mortgages $ 2,836 $ 2,937 $ — Construction residential mortgages — — — Commercial real estate - nonresidential 1,198 1,548 — Multi-family — — — Construction commercial — — — Commercial business 782 782 — Home equity and junior liens 109 109 — Manufactured homes — — — Automobile — — — Student — — — Other consumer — — — With an allowance recorded: One- to four-family residential mortgages 429 429 21 Construction residential mortgages — — — Commercial real estate - nonresidential — — — Multi-family 42 42 7 Construction commercial — — — Commercial business 713 713 265 Home equity and junior liens — — — Manufactured homes — — — Automobile 41 41 10 Student — — — Other consumer 2 2 2 Total: One- to four-family residential mortgages 3,265 3,366 21 Construction residential mortgages — — — Commercial real estate - nonresidential 1,198 1,548 — Multi-family 42 42 7 Construction commercial — — — Commercial business 1,495 1,495 265 Home equity and junior liens 109 109 — Manufactured homes — — — Automobile 41 41 10 Student — — — Other consumer 2 2 2 $ 6,152 $ 6,603 $ 305 December 31, 2019 Unpaid Recorded Principal Related (In thousands) Investment Balance Allowance With no related allowance recorded: One- to four-family residential mortgages $ 2,150 $ 2,180 $ — Construction residential mortgages — — — Commercial real estate - nonresidential 2,472 2,472 — Multi-family — — — Construction commercial — — — Commercial business 1,622 1,622 — Home equity and junior liens 131 131 — Manufactured homes — — — Automobile 81 81 — Student — — — Other consumer — — — With an allowance recorded: One- to four-family residential mortgages 132 132 7 Construction residential mortgages — — — Commercial real estate - nonresidential 438 438 250 Multi-family — — — Construction commercial — — — Commercial business 385 385 133 Home equity and junior liens — — — Manufactured homes — — — Automobile — — — Student — — — Other consumer 1 1 1 Total: One- to four-family residential mortgages 2,282 2,312 7 Construction residential mortgages — — — Commercial real estate - nonresidential 2,910 2,910 250 Multi-family — — — Construction commercial — — — Commercial business 2,007 2,007 133 Home equity and junior liens 131 131 — Manufactured homes — — — Automobile 81 81 — Student — — — Other consumer 1 1 1 $ 7,412 $ 7,442 $ 391 The Following table represents the average recorded investment in impaired loans For the Year ended December 31, December 31, 2020 2019 Average Average Recorded Recorded (In thousands) Investment Investment One- to four-family residential mortgages $ 3,336 $ 2,309 Construction residential mortgages — — Commercial real estate - nonresidential 1,523 1,453 Multi-family 42 — Construction commercial — — Commercial business 1,572 1,038 Home equity and junior liens 110 132 Manufactured homes — — Automobile 46 89 Student — — Other consumer 2 1 6,631 $ 5,022 The following table presents interest income recognized on impaired loans for the years ended December 31, 2020 and 2019. For the Year ended December 31, (In thousands) 2020 2019 One- to four-family residential mortgages $ 110 $ 82 Construction residential mortgages — — Commercial real estate - nonresidential 19 31 Multi-family 1 — Construction commercial — — Commercial business 54 58 Home equity and junior liens 7 7 Manufactured homes — — Automobile 4 10 Student — — Other consumer — — $ 195 $ 188

Allowance for Loan Loss (Tables

Allowance for Loan Loss (Tables)	12 Months Ended
	Dec. 31, 2020
Allowance for Loan Loss
Changes in the allowance for loan losses	December 31, 2020 One- to four- Construction Commercial Commercial family residential real estate real estate Construction Commercial (In thousands) residential mortgage nonresidential multi-family commercial business Allowance for loan losses: Beginning Balance $ 375 $ 2 $ 421 $ 17 $ — $ 527 Charge-offs (89) — (398) — — (15) Recoveries 4 — — 19 — 140 Provision for loan losses 167 (2) 296 (10) — (35) Ending balance $ 457 $ — $ 319 $ 26 $ — $ 617 Ending balance: related to loans individually evaluated for impairment $ 21 $ — $ — $ 7 $ — $ 265 Ending balance: related to loans collectively evaluated for impairment $ 436 $ — $ 319 $ 19 $ — $ 352 Loans receivable: Ending balance $ 127,356 $ — $ 24,754 $ 5,125 $ — $ 20,505 Ending balance: individually evaluated for impairment $ 3,265 $ — $ 1,198 $ 42 $ — $ 1,495 Ending balance: collectively evaluated for impairment $ 124,091 $ — $ 23,556 $ 5,083 $ — $ 19,010 December 31, 2020 (cont'd) Home equity Manufactured Recreational Other (In thousands) and junior liens Homes Automobile Student Vehicle Consumer Unallocated Total Allowance for loan losses: Beginning Balance $ 50 $ — $ 142 $ 69 $ — $ 35 $ 22 $ 1,660 Charge-offs (9) — (54) — (14) (4) — (583) Recoveries 12 — 71 3 6 9 — 264 Provision for loan losses (7) 76 (32) (3) 8 44 (22) 480 Ending balance $ 46 $ 76 $ 127 $ 69 $ — $ 84 $ — $ 1,821 Ending balance: related to loans individually evaluated for impairment $ — $ — $ 10 $ — $ — $ 2 $ — $ 305 Ending balance: related to loans collectively evaluated for impairment $ 46 $ 76 $ 117 $ 69 $ — $ 82 $ — $ 1,516 Loans receivable: Ending balance $ 11,387 $ 44,347 $ 21,469 $ 2,259 $ 14,557 $ 4,271 $ — $ 276,030 Ending balance: individually evaluated for impairment $ 109 $ — $ 41 $ — $ — $ 2 $ — $ 6,152 Ending balance: collectively evaluated for impairment $ 11,278 $ 44,347 $ 21,428 $ 2,259 $ 14,557 $ 4,269 $ — $ 269,878 December 31, 2019 One- to four- Construction Commercial Commercial family residential real estate real estate Construction Commercial (In thousands) residential mortgage nonresidential multi-family commercial business Allowance for loan losses: Beginning Balance $ 314 $ 1 $ 202 $ 12 $ — $ 523 Charge-offs (42) — (18) — — (106) Recoveries 2 — — 9 — 79 Provision for loan losses 101 1 237 (4) — 31 Ending balance $ 375 $ 2 $ 421 $ 17 $ — $ 527 Ending balance: related to loans individually evaluated for impairment $ 7 $ — $ 250 $ — $ — $ 133 Ending balance: related to loans collectively evaluated for impairment $ 368 $ 2 $ 171 $ 17 $ — $ 394 Loans receivable: Ending balance $ 138,714 $ 828 $ 35,696 $ 5,585 $ 100 $ 14,432 Ending balance: individually evaluated for impairment $ 2,282 $ — $ 2,910 $ — $ — $ 2,007 Ending balance: collectively evaluated for impairment $ 136,432 $ 828 $ 32,786 $ 5,585 $ 100 $ 12,425 December 31, 2019 (cont'd) Home equity Manufactured Other (In thousands) and junior liens Homes Automobile Student Consumer Unallocated Total Allowance for loan losses: Beginning Balance $ 58 $ — $ 228 $ 50 $ 28 $ 132 $ 1,548 Charge-offs — — (137) (25) (68) — (396) Recoveries — — 52 1 5 — 148 Provision for loan losses (8) — (1) 43 70 (110) 360 Ending balance $ 50 $ — $ 142 $ 69 $ 35 $ 22 $ 1,660 Ending balance: related to loans individually evaluated for impairment $ — $ — $ — $ — $ 1 $ — $ 391 Ending balance: related to loans collectively evaluated for impairment $ 50 $ — $ 142 $ 69 $ 34 $ 22 $ 1,269 Loans receivable: Ending balance $ 12,003 $ 23,769 $ 21,083 $ 2,251 $ 2,348 $ — $ 256,809 Ending balance: individually evaluated for impairment $ 131 $ — $ 81 $ — $ 1 $ — $ 7,412 Ending balance: collectively Evaluated for impairment $ 11,872 $ 23,769 $ 21,002 $ 2,251 $ 2,347 $ — $ 249,397

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Premises and Equipment
Schedule of Premises and Equipment	December 31, December (In thousands) 2020 2019 Premises: Land $ 3,884 $ 3,909 Buildings and improvements 19,041 19,016 Equipment 6,810 6,638 Construction in progress 206 171 29,941 29,734 Less: Accumulated depreciation 13,198 12,146 $ 16,743 $ 17,588

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2020
Intangible Assets and Goodwill
Schedule of Intangible Assets and Goodwill	December 31, 2020 Gross Carrying Accumulated Net (in thousands) Amount Amortization Value Amortized intangible assets: Non-compete agreements $ 5 $ (3) $ 2 Core deposit intangible 964 (118) 846 Goodwill 792 — 792 $ 1,761 $ (121) $ 1,640 December 31, 2019 Gross Carrying Accumulated Net (in thousands) Amount Amortization Value Amortized intangible assets: Non-compete agreements $ 5 $ (2) $ 3 Core deposit intangible 964 (54) 910 Goodwill 792 — 792 $ 1,761 $ (56) $ 1,705
Schedule of Amortization	(In thousands) For Years Ended Amortization December 31, Expense 2021 64 2022 64 2023 64 2024 64 2025 64 $ 320

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2020
Deposits
Schedule of deposits, by deposit type	December 31, 2020 2019 (In thousands) Checking accounts, non-interest bearing $ 65,673 $ 38,098 Checking accounts, interest-bearing 31,745 27,525 Money market accounts 26,334 24,861 Savings accounts 102,307 85,300 Time deposits 83,487 107,554 $ 309,546 $ 283,338
Schedule of maturities of time deposits, including those that were obtained through the third party broker	December 31, (In thousands) 2020 2021 $ 61,554 2022 14,280 2023 3,049 2024 1,797 2025 2,037 Thereafter 770 $ 83,487

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2020
Borrowings
Schedule of composition of borrowings	December 31, December 31, (In thousands) 2020 2019 Short-term: FHLB Advances $ — $ — Long-term: FHLB fixed-rate term advances $ 4,300 $ 3,300 FHLB fixed-rate amortizing advances 23,328 28,148 Total long-term borrowings $ 27,628 $ 31,448 Subordinated debt $ 1,235 $ 735
Schedule of principal balances and interest rates of fixed rate borrowings	December 31, 2020 (Dollars in thousands) Principal Rates Long-term: FHLB fixed-rate term advances $ 4,300 1.45%-2.48 % FHLB fixed-rate amortizing advances 23,328 0.96%-3.03 % Total long-term borrowings $ 27,628 Subordinated debt $ 1,235 6.00%-8.00 % December 31, 2019 (Dollars in thousands) Principal Rates Long-term: FHLB fixed-rate term advances $ 3,300 1.74%-2.12 % FHLB fixed-rate amortizing advances 28,148 1.20%-3.03 % Total long-term borrowings $ 31,448 Subordinated debt $ 735 8.00 %
Schedule of maturities of borrowings	December 31, December 31, (Dollars in thousands) 2020 2019 Long-term: Due within 1 year $ 10,282 $ 8,171 Due within 2 years 7,898 9,285 Due within 3 years 3,785 7,814 Due within 4 years 4,926 2,457 Due within 5 years 1,796 2,986 Thereafter 176 1,470 Total long-term borrowings $ 28,863 $ 32,183

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Taxes
Schedule of the Company’s benefit for income taxes	Year Ended December 31, (In thousands) 2020 2019 Current tax expense: Federal $ (781) $ — State 15 4 Total current tax expense (benefit) (766) 4 Deferred tax benefit: Federal 662 (159) State — — Total deferred tax benefit 662 (159) Benefit for income taxes $ (104) $ (155)
Schedule of the deferred tax assets and deferred tax liabilities	December 31, (In thousands) 2020 2019 Assets: Deferred Compensation 111 101 Allowance for loan losses 458 438 Net operating loss carryforward 847 1,427 Mortgage recording tax credit 3 11 Nonacrual interest 82 42 Other 72 46 1,573 2,065 Liabilities: Pension (1,831) (1,597) Intangible assets (222) (233) Investment securities, unrealized gains (144) (150) Mortgage servicing rights (4) (5) Depreciation (152) (128) Other (6) (10) (2,359) (2,123) Net deferred tax liability $ (786) $ (58)
Schedule of reconciliation of the federal statutory income tax rate to the effective income tax rate	Years Ended December 31, 2020 2019 Federal statutory income tax rate 21.0 % 21.0 % State tax, net of federal benefit 0.7 % (4.7) % Bank owned life insurance and other permanent differences (2.1) % 40.1 % Tax exempt income (9.8) % 189.8 % Tax rate differential for NOL carryback (19) % — % Other 2.8 % (18.3) % Effective income tax rate (6.3) % 227.9 %

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Employee Benefit Plans
Summary of changes in the Plans’ benefit obligations, fair value of plan assets and the plans’ funded status	Generations Bank Plan: (In thousands) 2020 2019 Change in benefit obligations: Benefit obligations at beginning of year $ 11,048 $ 9,768 Service Cost 413 377 Interest cost 448 477 Actuarial loss (gain) 946 1,575 Benefit paid (850) (1,149) Benefit obligations at end of year 12,005 11,048 Change in plan assets: Fair value of plan assets at beginning of year 16,679 14,383 Actual return on plan assets 2,222 3,038 Benefits paid (850) (1,149) Employer contributions 281 407 Fair value of plan assets at end of year 18,332 16,679 Funded Status $ 6,327 $ 5,631 Medina Savings and Loan Plan: (In thousands) Change in benefit obligations: Benefit obligations at beginning of year $ 3,489 $ 2,043 Service cost 28 19 Interest cost 143 100 Actuarial loss (gain) 130 434 Benefits reimbursed (paid) (289) 893 Benefit obligations at end of year 3,501 3,489 Change in plan assets: Fair value of plan assets at beginning of year 5,463 3,790 Actual return on plan assets 720 780 Benefits reimbursed (paid) (289) 893 Employer contributions - - Fair value of plan assets at end of year 5,894 5,463 Funded Status $ 2,393 $ 1,974
Schedule of amounts recognized in accumulated other comprehensive loss	Generations Bank Plan: (In thousands) 2020 2019 Unrecognized net loss $ 2,913 $ 2,985 Tax Effect 612 627 $ 2,301 $ 2,358 Medina Savings and Loan Plan: (In thousands) 2020 2019 Unrecognized net gain $ (207) $ (492) Tax Effect (43) (103) $ (164) $ (389)
Schedule of net periodic expenses recognized in income other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss	Generations Bank Plan: (In thousands) 2020 2019 Net periodic expenses recognized in income: Service cost $ 413 $ 377 Interest cost 448 477 Expected return on plan assets (1,340) (1,238) Amortization of net losses 135 200 Net periodic pension benefit (344) (184) Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss: Net actuarial (gain) loss 63 (225) Amortization of net actuarial loss (135) (200) Total recognized in other comprehensive income (72) (425) Total recognized in net periodic pension benefit and other comprehensive income $ (416) $ (609) Medina Savings and Loan Plan: (In thousands) 2020 2019 Net periodic expenses recognized in income: Service cost $ 28 $ 19 Interest cost 143 100 Expected return on plan assets (430) (316) Amortization of net gain — (9) Net periodic pension benefit (259) (206) Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss: Net actuarial gain (160) (30) Amortization of net actuarial gain — 9 Total recognized in other comprehensive income (160) (21) Total recognized in net periodic pension benefit and other comprehensive income $ (419) $ (227)
Schedule of assumptions used to determine benefit obligations and net periodic expense	Generations Bank Plan: 2020 2019 Weighted average discount rate 3.550 % 4.130 % Rate of increase in future compensation levels 4.000 % 4.000 % Medina Savings and Loan Plan: 2020 2019 Weighted average discount rate 3.830 % 4.200 % Rate of increase in future compensation levels 3.000 % 3.000 % Generations Bank Plan: 2020 2019 Weighted average discount rate 4.130 % 4.990 % Long-term rate of return on plan assets 8.000 % 8.500 % Rate of increase in future compensation levels 4.000 % 4.000 % Medina Savings and Loan Plan: 2020 2019 Weighted average discount rate 4.200 % 5.070 % Long-term rate of return on plan assets 8.000 % 6.750 % Rate of increase in future compensation levels 3.000 % 2.000 %
Schedule of expected benefit payments	Generations Bank Plan: (In thousands) For the years ended December 31, 2021 $ 342 2022 317 2023 317 2024 363 2025 417 2026-2030 2,727 Medina Savings and Loan Plan: (In thousands) For the years ended December 31, 2021 $ 221 2022 219 2023 217 2024 213 2025 211 2026-2030 1,035
Summary of pension plan assets measured at fair value	Generations Bank Plan: December 31, 2020 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: Equities and Commodities: (1) Select Fundamental Value $ — $ 1,538 $ — $ 1,538 (2) Select Indexed Equity A — 2,957 — 2,957 (3) Select Blue Chip Growth — 1,434 — 1,434 (4) Mid-Cap Value — 972 — 972 (5) Select S&P Mid-Cap Index — 1,398 — 1,398 (6) Select Mid-Cap Growth — 957 — 957 (7) Small-Cap — 1,153 — 1,153 (8) Select Small-Cap Index — 1,268 — 1,268 (9) Developing Markets — 781 — 781 Fixed Income: (10) Premier Short-Duration Bond — 836 — 836 (11) Premier Core Bond — 1,683 — 1,683 (12) Select MetWest Total Return — 1,663 — 1,663 (13) Select Western Strategic Bond — 1,692 — 1,692 Total $ — $ 18,332 $ — $ 18,332 Generations Bank Plan: December 31, 2019 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: Equities and Commodities: (1) Select Fundamental Value $ — $ 1,377 $ — $ 1,377 (2) Select Indexed Equity A — 2,774 — 2,774 (3) Select Blue Chip Growth — 1,388 — 1,388 (4) Mid-Cap Value — 864 — 864 (5) Select S&P Mid-Cap Index — 1,204 — 1,204 (6) Select Mid-Cap Growth — 857 — 857 (7) Small-Cap — 1,056 — 1,056 (8) Select Small-Cap Index — 1,050 — 1,050 (9) Developing Markets — 702 — 702 Fixed Income: (10) Premier Short-Duration Bond — 777 — 777 (11) Premier Core Bond — 1,541 — 1,541 (12) Select MetWest Total Return — 1,538 — 1,538 (13) Select Western Strategic Bond — 1,551 — 1,551 Total $ — $ 16,679 $ — $ 16,679 Medina Savings and Loan Plan: December 31, 2020 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: Equities and Commodities: (1) Select Fundamental Value $ — $ 494 $ — $ 494 (2) Select Indexed Equity A — 951 — 951 (3) Select Blue Chip Growth — 461 — 461 (4) Mid-Cap Value — 312 — 312 (5) Select S&P Mid-Cap Index — 450 — 450 (6) Select Mid-Cap Growth — 308 — 308 (7) Small-Cap — 371 — 371 (8) Select Small-Cap Index — 408 — 408 (9) Developing Markets — 251 — 251 Fixed Income: (10) Premier Short-Duration Bond — 269 — 269 (11) Premier Core Bond — 541 — 541 (12) Select MetWest Total Return — 534 — 534 (13) Select Western Strategic Bond — 544 — 544 Total $ — $ 5,894 $ — $ 5,894 (1) This fund invests in stocks of financially sound but temporarily out-of-favor companies providing above-average total return potential and selling at below average projected P/E multiples. (2) The fund seeks to match the performance of the S&P 500 by investing in a representative sample of the stocks in that index. The ability to match investment performance to the S&P 500 is effected by daily cash flow and expenses. (3) This fund invests at least 65% of assets in stocks of blue chip companies. These companies have a market capitalization of at least $200 million if included in the S&P 500 or the Dow Jones Industrial Average or $1 billion for companies not in these indices. (4) The investment seeks long-term capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets in equity investments of medium-capitalization companies. It invests principally in equity securities of medium-capitalization companies with market capitalizations within the range of the Russell Midcap Value Index at the time of investment. (5) The investment seeks to provide investment results approximating (before fees and expenses) the aggregate price and dividend performance of the securities included in the Standard & Poor’s MidCap 400® Index. (6) The investment seeks growth of capital over the long-term. The fund invests primarily in equity securities of mid-capitalization companies. It normally invests at least 80% of its net assets in a broadly diversified portfolio of common stocks of mid-cap companies whose earnings the sub-advisors expect to grow at a faster rate than the average company. (7) The fund normally invests at least 80% of net assets in securities of small-capitalization companies. It invests primarily in equity securities. The fund may invest up to 25% of net assets in foreign securities and 10% of net assets in fixed-income securities such as investment-grade debt securities, longer-term U.S. government securities and high-quality money market investments. (8) The investment seeks to provide investment results approximating (before fees and expenses) the aggregate price and dividend performance of the securities included in the Russell 2000® Index. (9) The investment seeks capital appreciation aggressively. The fund mainly invests in common stock of issuers in emerging and developing markets throughout the world and may invest up to 100% of total assets in foreign securities. It normally invests at least 80% of net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in at least three developing markets. The fund primarily invests in companies with high growth potential. (10) The investment seeks to achieve a high total rate of return primarily from current income while minimizing fluctuation in capital values. (11) The fund invests primarily in a diversified selection of investment-grade, publicly traded bonds including corporate, mortgage-backed, and government bonds. Normally, the portfolio duration will range from four to seven years. (12) The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. Under normal circumstances, the fund invests at least 80% of its net assets in a diversified portfolio of investment grade fixed income securities (rated Baa3 or higher by Moody’s, BBB- or higher by Standard & Poor’s, BBB- or higher by Fitch, or A‑2 by S&P, P‑2 by Moody’s, or F‑2 by Fitch for short-term debt obligations, or, if unrated, determined by the fund’s sub-adviser, Metropolitan West Asset Management, LLC, to be of comparable quality) (13) The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. Under normal circumstances, the fund invests at least 80% of its net assets in a diversified portfolio of investment grade fixed income securities (rated Baa3 or higher by Moody’s, BBB or higher by Standard & Poor’s, BBB- or higher by Fitch, or A‑2 by S&P, P‑2 by Moody’s, or F‑2 by Fitch for short-term debt obligations, or, if unrated, determined by the fund’s sub-adviser, Metropolitan West Asset Management, LLC, to be of comparable quality). Medina Savings and Loan Plan: December 31, 2019 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: Equities: (1) Select Fundamental Value $ — $ 907 $ — $ 907 (2) Select Indexed Equity A — 450 — 450 (3) Select Blue Chip Growth — 454 — 454 (4) Mid-Cap Value — 282 — 282 (5) Select S&P Mid-Cap Index — 393 — 393 (6) Select Mid-Cap Growth — 280 — 280 (7) Small-Cap — 341 — 341 (8) Select Small-Cap Index — 344 — 344 (9) Developing Markets — 229 — 229 Fixed Income: (11) U.S. Core Bond — 256 — 256 (12) Intermediate Duration — 508 — 508 (12) Long Duration — 507 — 507 (13) Money Market — 512 — 512 Total $ — $ 5,463 $ — $ 5,463

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2020
Regulatory Capital
Summary of actual capital amounts and ratios	Minimum To Be "Well- Minimum Capitalized" For Capital Under Prompt Actual Adequacy Purposes Corrective Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Common Equity Tier 1 Capital $ 31,942 12.18 % $ 15,730 6.00 % $ 20,974 8.00 % Total Capital (to Risk-Weighted Assets) $ 33,768 12.88 % $ 20,974 8.00 % $ 26,217 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 31,942 12.18 % $ 11,798 4.50 % $ 10,741 6.50 % Tier 1 Capital (to Total Adjusted Assets) $ 31,942 8.72 % $ 14,648 4.00 % $ 18,310 5.00 % As of December 31, 2019: Common Equity Tier 1 Capital $ 29,290 12.46 % $ 14,104 6.00 % $ 18,805 8.00 % Total Capital (to Risk-Weighted Assets) $ 30,950 13.17 % $ 18,805 8.00 % $ 23,507 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 29,290 12.46 % $ 10,578 4.50 % $ 15,279 6.50 % Tier 1 Capital (to Total Adjusted Assets) $ 29,290 8.27 % $ 14,158 4.00 % $ 17,698 5.00 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies
Financial instruments whose contract amounts represent credit risk	Year Ended December 31, (In thousands) 2020 2019 Commitments to grant loans $ 4,009 $ 4,847 Unfunded commitments under lines of credit 14,823 17,072 Standby letters of credit — 400
Future minimum lease commitments under the operating lease	December 31, 2020 (In thousands) 46 19 $ 65

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2020
Related Party Transactions
Summary of loans made to related parties	Year Ended December 31, (In thousands) 2020 2019 Beginning balance $ 2,755 $ 2,224 Originations 408 1,334 Payments and change in status (636) (803) Ending balance $ 2,527 $ 2,755

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2020
Revenue from Contracts with Customers
Schedule of disaggregation of revenue	Year Ended December 31, (In thousands) 2020 2019 Service charges on deposit accounts $ 588 $ 730 Debit card interchange and surcharge income 760 731 E-commerce income 20 23 Investment services income 88 284 Insurance commission and fees 755 793 Loan servicing fees 124 171 $ 2,335 $ 2,732

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss)
Reclassified out of each component of accumulated other comprehensive loss	December 31, Affected Line Item in the (In thousands) 2020 2019 Consolidated Statement of Income Available-for-sale securities: Realized gain on sale of securities ($ 1,071) $ 274 Net gain on sale of securities Tax effect 225 (58) Benefit for income taxes ($ 846) $ 216 Net income Defined benefit pension plan: Retirement plan net losses recognized in net periodic pension cost $ 135 $ 191 Compensation and benefits Tax effect (28) (40) Benefit for income taxes $ 107 $ 151 Net income

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures
Schedule of carrying amount and estimated fair value of the Company’s financial instrument	December 31, 2020 Carrying Fair (In thousands) Amount Level 1 Level 2 Level 3 Value Financial assets: Cash and cash equivalents $ 26,830 $ 26,830 $ — $ — $ 26,830 Securities available-for-sale 17,926 — 14,752 3,174 17,926 Securities held-to-maturity 1,480 — 1,510 — 1,510 Equity securities 661 661 — — 661 Loans receivable 285,640 — — 280,887 280,887 Federal Home Loan Bank of New York stock 1,992 — 1,992 — 1,992 Accrued interest receivable 1,179 1,179 — — 1,179 Financial liabilities: Deposits $ 309,546 $ 97,418 $ — $ 213,757 $ 311,175 Long-term borrowings 27,628 — 30,053 — 30,053 Subordinated debt 1,235 — 1,235 — 1,235 Accrued interest payable 52 52 — — 52 December 31, 2019 Carrying Fair (In thousands) Amount Level 1 Level 2 Level 3 Value Financial assets: Cash and cash equivalents $ 13,448 $ 13,448 $ — $ — $ 13,448 Securities available-for-sale 30,627 — 28,115 2,512 30,627 Securities held-to-maturity 2,078 — 2,110 — 2,110 Equity securities 2,579 2,579 — — 2,579 Loans receivable 259,620 — — 262,929 262,929 Federal Home Loan Bank of New York stock 2,267 — 2,267 — 2,267 Accrued interest receivable 1,215 1,215 — — 1,215 Financial liabilities: Deposits $ 283,338 $ 65,623 $ — $ 218,004 $ 283,627 Long-term borrowings 31,448 — 32,874 — 32,874 Subordinated debt 735 — 735 — 735 Accrued interest payable 104 104 — — 104
Schedule of assets measured at fair value on a recurring basis	December 31, 2020 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Securities available-for-sale: Debt investment securities: Residential mortgage-backed - US agency and GSEs $ — $ 39 $ — $ 39 Municipal bonds — 14,713 3,174 17,887 Equity investment securities: Large cap equity mutual fund 35 — — 35 Other mutual funds 626 — — 626 Total investment securities $ 661 $ 14,752 $ 3,174 $ 18,587 December 31, 2019 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Securities available-for-sale: Debt investment securities: Residential mortgage-backed - US agency and GSEs $ — $ 50 $ — $ 50 Municipal bonds — 28,065 2,512 30,577 Equity investment securities: Large cap equity mutual fund 31 — — 31 Other mutual funds 2,548 — — 2,548 Total investment securities $ 2,579 $ 28,115 $ 2,512 $ 33,206
Schedule of assets measured at fair value on a nonrecurring basis	At December 31, 2020 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Impaired loans $ — $ — $ 1,663 $ 1,663 Foreclosed real estate & repossessed assets — — 45 45 December 31, 2019 Total Fair (In thousands) Level 1 Level 2 Level 3 Value Impaired loans $ — $ — $ 565 $ 565 Foreclosed real estate & repossessed assets — — 70 70
Schedule of quantitative Information about Level 3 Fair Value Measurements	Quantitative Information about Level 3 Fair Value Measurements Valuation Unobservable Range Techniques Input (Weighted Avg.) Impaired loans - Appraisal of collateral Appraisal Adjustments 5% - 35% (20)% 1-4 family residential Costs to Sell 5% - 15% (10)% Impaired loans - Appraisal of collateral Appraisal Adjustments 5% - 35% (25)% Commercial real estate Changes in property condition 10% - 20% (15)% Costs to Sell 5% - 15% (10)% Impaired loans - USDA Guarantee Government guaranteed portion 20% (20)% Other commercial and industrial Foreclosed real estate and repossessed assets Appraisal of collateral Appraisal Adjustments 5% - 35% (25)% Changes in property condition 10% - 20% (15)% Costs to Sell 5% - 15% (10)%

Parent Company Only Financial_2

Parent Company Only Financial Information (Tables)	12 Months Ended
	Dec. 31, 2020
Parent Company Only Financial Information
Schedule of balance sheets statement	Statements of Condition December 31, (In thousands) 2020 2019 Assets Cash and cash equivalents $ 113 $ 172 Securities available-for-sale, at fair value 635 8 Investment in bank subsidiary 32,167 29,603 Note receivable - ESOP 41 120 Other assets 927 — Total assets $ 33,883 $ 29,903 Liabilities and Shareholders' Equity Due to Bank $ 1,851 $ 582 Subordinated debt 1,235 735 Deferred tax liability 72 272 Other liabilities 839 83 Shareholders' equity 29,886 28,231 Total liabilities and shareholders' equity $ 33,883 $ 29,903
Schedule of statements of operations	Year Ended Statements of Income December 31, (In thousands) 2020 2019 Income Dividends from bank subsidiary $ — $ — Dividends from securities available-for-sale 6 1 Interest income — 11 Gain on merger with Medina Savings and Loan Association — — Other noninterest income 40 1 Total income 46 13 Expenses Interest expense 84 81 Other expenses 251 99 Total expenses 335 180 Loss before taxes and equity in undistributed net income (loss) of bank subsidiary (289) (167) Income tax benefit (274) (155) Loss before equity in undistributed net income of bank subsidiary (15) (12) Equity in undistributed net income of bank subsidiary 1,763 99 Net income $ 1,748 $ 87
Schedule of statements of cash flows	Year Ended Statements of Cash Flows December 31, (In thousands) 2020 2019 Operating Activities Net income (loss) $ 1,748 $ 87 Equity in undistributed net income of bank subsidiary (1,763) (99) Unrealized gain loss equity security (39) Net change in other assets (927) 6 Net change in other liabilities (322) (182) Net cash (used in) operating activities (1,303) (188) Investing Activities Capital Infusion in Subsidiary (500) Repayments received on ESOP note 79 76 Net cash (used in) provided by investing activities (421) 76 Financing activities Net proceeds from (repayment of) advances on note payable 1,269 22 Treasury stock purchases (41) (41) Advances from Sub-Debt 500 MHC Merger (63) — Net cash provided by (used in) financing activities 1,665 (19) Net change in cash and cash equivalents (59) (131) Cash and cash equivalents at beginning of year 172 303 Cash and cash equivalents at end of year $ 113 $ 172

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Information
Summary of information about segments	Year Ended December 31, 2020 2019 Community Municipal Community Municipal Banking Insurance Banking Banking Insurance Banking (In thousands) Activities Activities Activities Total Activities Activities Activities Total Net interest income $ 10,011 $ — $ 480 $ 10,491 $ 9,553 $ 21 $ 28 $ 9,602 Provision for loan losses 480 — — 480 360 — — 360 Net interest income after provision for loan losses 9,531 — 480 10,011 9,193 21 28 9,242 Total noninterest income 2,718 762 480 3,960 2,736 811 — 3,547 Compensation and benefits (5,176) (389) (56) (5,621) (5,669) (412) (56) (6,137) Other noninterest expense (6,418) (158) (130) (6,706) (6,412) (242) (66) (6,720) (Loss) income before income taxes 655 215 774 1,644 (152) 178 (94) (68) Benefit for income taxes (112) — 8 (104) (155) — — (155) Net (loss) income $ 767 $ 215 $ 766 $ 1,748 $ 3 $ 178 $ (94) $ 87 Total assets $ 373,198 $ 1,452 $ 16,886 $ 391,536 $ 367,707 $ 2,328 $ 46,067 $ 416,102
Schedule of reconciliation of the Company’s reported segment assets	At December 31, At December 31, (In thousands) 2020 2019 Total assets for reportable segments $ 391,536 $ 416,102 Elimination of intercompany balances (18,522) (68,553) Consolidated total assets $ 373,014 $ 347,549

Organization and Nature of Op_2

Organization and Nature of Operations (Details) - USD ($)	Sep. 29, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Outstanding shares holding		2,463,507	2,467,507
Seneca Falls Savings Bank, MHC (the “Mutual Holding Company”)
Related Party Transaction [Line Items]
Capital amount				$ 2,500,000
Medina Savings and Loan Association
Related Party Transaction [Line Items]
Shares issued	$ 171,440
Seneca Falls Savings Bank, MHC (the “Mutual Holding Company”) | Seneca-Cayuga Bancorp, Inc. (the “Holding Company”)
Related Party Transaction [Line Items]
Outstanding shares holding		1,480,715	1,480,715
Percentage of holding		60.10%	60.01%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Allowance for Loan Losses (Details)	Dec. 31, 2019	Dec. 31, 2018
Allowance for Loan Losses
Percentage of Real estate loans to Portfolio	77.00%	78.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Premises and equipment (Details)	12 Months Ended
	Dec. 31, 2020
Minimum | Buildings
Premises and equipment
Useful life	15 years
Minimum | Furniture, equipment, computers and software
Premises and equipment
Useful life	3 years
Maximum | Buildings
Premises and equipment
Useful life	40 years
Maximum | Furniture, equipment, computers and software
Premises and equipment
Useful life	10 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Bank-owned life insurance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2012
Bank-owned life insurance
Purchased of Bank-Owned Life insurance	$ 750	$ 2,000

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Intangible assets and goodwill (Details) - USD ($)	Sep. 29, 2018	Sep. 09, 2018	Dec. 28, 2016
John G. Sweeney Agency, Inc
Business Acquisition [Line Items]
Amortization period of intangible asset			7 years
Goodwill acquired			$ 792,000
Medina Savings and Loan Association
Business Acquisition [Line Items]
Amortization period of intangible asset	15 years
Percentage of acquired core deposits	2.50%
Goodwill acquired	$ 0
Medina Savings and Loan Association | Core deposit intangible
Business Acquisition [Line Items]
Intangible assets	$ 964,000	$ 964,000

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Employee benefit plans (Details)	12 Months Ended
	Dec. 31, 2020planY
Employee benefit plans
Number of plans | plan	2
Age to qualify for defined pension plans | Y	21
Service period to qualify for defined pension plans	1 year
Service period to qualify for defined contribution pension plan	12 months
Minimum discretionary contribution term	1 year
Employee Stock Ownership Plan
Employee benefit plans
Duration of borrowings	15 years

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Foreclosed real estate and repossessed assets (Details)	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Foreclosed real estate	$ 45,000	$ 60,000
Repossessed assets		10,000
Real estate and other assets	45,000	70,000
Net of estimated selling costs and the net operating expenses of foreclosed assets	40,000	16,000
Amount of loan in Process of foreclosure	$ 558,000	$ 278,000
One- to four-family residential mortgage loans
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Number of loans | loan	9	5
Home equity loans
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Number of loans | loan	2	2

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Comprehensive income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Unrealized (gains) losses on securities available-for-sale:
Unrealized holding gains arising during the period	$ (242)	$ (163)
Reclassification adjustment for net gains included in net income	225	58
Net unrealized gains on securities available-for-sale	(17)	(105)
Defined benefit pension plan:
Net plan (gains) losses arising during the period	(20)	(54)
Reclassification of amortization of net losses and prior service credit recognized in net pension expense	(29)	(40)
Net change in defined benefit pension plan asset	(49)	(94)
Total tax effect	(66)	(199)
Changes in the components of accumulated other comprehensive income (loss), net of tax
Beginning balance	28,231	27,369
Net current-period other comprehensive income (loss)	247	749
Ending balance	29,886	28,231
Securities Available-for-Sale
Changes in the components of accumulated other comprehensive income (loss), net of tax
Beginning balance	658	262
Other comprehensive gain before reclassifications	911	612
Amounts reclassified from AOCI to the income statement	(846)	(216)
Net current-period other comprehensive income (loss)	65	396
Ending balance	723	658
Defined Benefit Pension Plan
Changes in the components of accumulated other comprehensive income (loss), net of tax
Beginning balance	(2,320)	(2,673)
Other comprehensive gain before reclassifications	76	202
Amounts reclassified from AOCI to the income statement	106	151
Net current-period other comprehensive income (loss)	182	353
Ending balance	(2,138)	(2,320)
Accumulated Other Comprehensive Loss
Changes in the components of accumulated other comprehensive income (loss), net of tax
Beginning balance	(1,662)	(2,411)
Other comprehensive gain before reclassifications	987	814
Amounts reclassified from AOCI to the income statement	(740)	(65)
Net current-period other comprehensive income (loss)	247	749
Ending balance	$ (1,415)	$ (1,662)

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Amounts Reclassified From AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax effect	$ (104)	$ (155)
Retirement plan net losses recognized in net periodic pension cost	5,621	6,137
Amounts Reclassified From AOCI | Securities Available-for-Sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain on sale of securities	(1,071)	274
Tax effect	225	(58)
Net income available-for-sale securities	(846)	216
Amounts Reclassified From AOCI | Defined Benefit Pension Plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax effect	(28)	(40)
Retirement plan net losses recognized in net periodic pension cost	135	191
Net loss defined benefit pension plan	$ 107	$ 151

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Earnings Per Common Share (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	May 20, 2008
Earnings Per Common Share
Weighted-average number of common shares outstanding	2,458,000	2,456,000
Repurchase Percentage on Outstanding Shares			5.00%
Number of shares authorized to repurchase			119,025

Balances at Other Banks (Detail

Balances at Other Banks (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Balances at Other Banks
Reserve balances	$ 0	$ 1,745,000

Securities - Securities availab

Securities - Securities available-for-sale and held-to-maturity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Securities available-for-sale:
Amortized Cost	$ 17,010	$ 29,794
Gross Unrealized Gains	917	905
Gross Unrealized Losses	(1)	(72)
Debt Securities, Available-for-sale, Total	17,926	30,627
Securities held-to-maturity:
Held-to-maturity securities Amortized Cost	1,480	2,078
Held-to-maturity securities Gross Unrealized Gains	33	36
Held-to-maturity securities Gross Unrealized Losses	(3)	(4)
Held-to-maturity securities Fair Value	1,510	2,110
Equity securities:
Equity securities amortized Cost	661	2,579
Equity securities	661	2,579
Residential mortgage-backed - US agency and GSEs
Securities available-for-sale:
Amortized Cost	39	48
Gross Unrealized Gains	1	2
Gross Unrealized Losses	(1)
Debt Securities, Available-for-sale, Total	39	50
Securities held-to-maturity:
Held-to-maturity securities Amortized Cost	1,480	2,078
Held-to-maturity securities Gross Unrealized Gains	33	36
Held-to-maturity securities Gross Unrealized Losses	(3)	(4)
Held-to-maturity securities Fair Value	1,510	2,110
State and political subdivisions
Securities available-for-sale:
Amortized Cost	16,971	29,746
Gross Unrealized Gains	916	903
Gross Unrealized Losses		(72)
Debt Securities, Available-for-sale, Total	17,887	30,577
Large cap equity mutual fund
Equity securities:
Equity securities amortized Cost	35	31
Equity securities	35	31
Other mutual funds
Equity securities:
Equity securities amortized Cost	626	2,548
Equity securities	$ 626	$ 2,548

Securities - Gross unrealized l

Securities - Gross unrealized losses on investment securities and the fair value (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair value of debt securities available-for-sale:
Fair Value of 12 months or less	$ 1,090	$ 8,779
Fair Value of more than 12 months	2	4
Total Fair Value	1,092	8,783
Gross unrealized losses of debt securities available-for-sale:
Gross unrealized losses 12 months or less	(1)	(72)
Total Gross unrealized losses	(1)	(72)
Fair value of debt securities held-to-maturity:
Fair Value 12 months or less	150	68
Fair Value more than 12 months	97	217
Total Fair Value	247	285
Gross unrealized losses of debt securities held-to-maturity:
Gross unrealized losses 12 months or less	(2)	(1)
Gross unrealized losses more than 12 months	(1)	(3)
Total Gross unrealized losses	(3)	(4)
Maximum
Gross unrealized losses of debt securities available-for-sale:
Total Gross unrealized losses		(1,000)
Residential mortgage-backed - US agency and GSEs
Fair value of debt securities available-for-sale:
Fair Value of 12 months or less	24
Fair Value of more than 12 months	2	4
Total Fair Value	26	4
Gross unrealized losses of debt securities available-for-sale:
Gross unrealized losses 12 months or less	(1)
Total Gross unrealized losses	(1)
Fair value of debt securities held-to-maturity:
Fair Value 12 months or less	150	68
Fair Value more than 12 months	97	217
Total Fair Value	247	285
Gross unrealized losses of debt securities held-to-maturity:
Gross unrealized losses 12 months or less	(2)	(1)
Gross unrealized losses more than 12 months	(1)	(3)
Total Gross unrealized losses	$ (3)	(4)
State and political subdivisions
Fair value of debt securities available-for-sale:
Fair Value of 12 months or less		8,779
Total Fair Value		8,779
Gross unrealized losses of debt securities available-for-sale:
Gross unrealized losses 12 months or less		(72)
Total Gross unrealized losses		$ (72)

Securities - Narrative (Details

Securities - Narrative (Details)	12 Months Ended
	Dec. 31, 2020USD ($)security
Minimum
Debt Securities, Available-for-sale [Line Items]
Term of Contractual Maturity of Debt Securities	20 years
Residential mortgage-backed - US agency and GSEs
Debt Securities, Available-for-sale [Line Items]
Number of government-backed securities | security	11
Residential mortgage-backed - US agency and GSEs | Maximum
Debt Securities, Available-for-sale [Line Items]
Impairment of Investments | $	$ 800
Municipal Bonds
Debt Securities, Available-for-sale [Line Items]
Number of government-backed securities | security	3
Municipal Bonds | Maximum
Debt Securities, Available-for-sale [Line Items]
Impairment of Investments | $	$ 575

Securities - Roll-forward (Deta

Securities - Roll-forward (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Securities
Reductions for securities sold	$ (408)
Ending balance - December 31	$ 408

Securities - Amortized cost and

Securities - Amortized cost and estimated fair values of debt securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost [Abstract]
Due in one year or less	$ 974
Due over one year through five years	1,400
Due over five through ten years	5,565
Due after ten years	9,032
Total	16,971
Residential mortgage-backed securities	39
Total	17,010	$ 29,794
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value [Abstract]
Due in one year or less	975
Due over one year through five years	1,426
Due over five through ten years	5,791
Due after ten years	9,695
Total	17,887
Residential mortgage-backed securities	39
Debt Securities, Available-for-sale, Total	17,926	30,627
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Amortized Cost [Abstract]
Residential mortgage-backed securities	1,480
Debt Securities, Held-to-maturity, Total	1,480	2,078
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Fair Value [Abstract]
Residential mortgage-backed securities	1,510
Held-to-maturity securities Fair Value	$ 1,510	$ 2,110

Securities - Gross realized gai

Securities - Gross realized gains (losses) on sales and redemptions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Securities
Realized gains	$ 1,071,000	$ 274,000
Total	1,071,000	274,000
Fair value of securities pledged as collateral	$ 6,969,058	$ 21,773,000

Loans Receivable - Major classi

Loans Receivable - Major classifications of loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 276,030	$ 256,809
Net deferred loan costs	11,787	4,895
Fair value credit and yield adjustment	(356)	(424)
Less: Allowance for loan losses	(1,821)	(1,660)	$ (1,548)
Loans receivable, net	285,640	259,620
Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	11,387	12,003
Less: Allowance for loan losses	(46)	(50)	(58)
Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,347	23,769
Less: Allowance for loan losses	(76)
Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,469	21,083
Less: Allowance for loan losses	(127)	(142)	(228)
Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,259	2,251
Less: Allowance for loan losses	(69)	(69)	(50)
Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,557
Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,271	2,348
Less: Allowance for loan losses	(84)	(35)	(28)
Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	127,356	139,542
Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	127,356	138,714
Less: Allowance for loan losses	(457)	(375)	(314)
Residential | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans		828
Less: Allowance for loan losses		(2)	(1)
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	50,384	55,813
Commercial | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans		100
Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	24,754	35,696
Less: Allowance for loan losses	(319)	(421)	(202)
Commercial | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,125	5,585
Less: Allowance for loan losses	(26)	(17)	(12)
Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	20,505	14,432
Less: Allowance for loan losses	(617)	(527)	$ (523)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	98,290	61,454
Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	11,387	12,003
Consumer | Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,347	23,769
Consumer | Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,469	21,083
Consumer | Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,259	2,251
Consumer | Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,557	263
Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,271	2,085
Originated
Loans and Leases Receivable Disclosure [Line Items]
Total loans	258,063	233,590
Net deferred loan costs	11,854	4,986
Less: Allowance for loan losses	(1,821)	(1,660)
Loans receivable, net	268,096	236,916
Originated | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	113,254	121,036
Originated | Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	113,254	120,208
Originated | Residential | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans		828
Originated | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	48,115	53,294
Originated | Commercial | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans		100
Originated | Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,812	33,581
Originated | Commercial | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,125	5,585
Originated | Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	20,178	14,028
Originated | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	96,694	59,260
Originated | Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,981	10,170
Originated | Consumer | Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,347	23,769
Originated | Consumer | Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,469	21,083
Originated | Consumer | Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,259	2,251
Originated | Consumer | Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,557	263
Originated | Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,081	1,724
Acquired
Loans and Leases Receivable Disclosure [Line Items]
Total loans	17,967	23,219
Net deferred loan costs	(67)	(91)
Fair value credit and yield adjustment	(356)	(424)
Loans receivable, net	17,544	22,704
Acquired | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,102	18,506
Acquired | Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,102	18,506
Acquired | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,269	2,519
Acquired | Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,942	2,115
Acquired | Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	327	404
Acquired | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,596	2,194
Acquired | Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,406	1,833
Acquired | Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 190	$ 361

Loans Receivable - Loan portfol

Loans Receivable - Loan portfolio (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 276,030,000	$ 256,809,000
Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	261,390,000	243,280,000
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	6,003,000	6,476,000
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	8,637,000	7,053,000
Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	11,387,000	12,003,000
Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,347,000	23,769,000
Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,469,000	21,083,000
Discontinued sub-prime automobile loans
Loans and Leases Receivable Disclosure [Line Items]
Total outstanding balance of all discontinued program loans	6,000	181,000
Total outstanding current and paying as agreed	4,000	125,000
Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,259,000	2,251,000
Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,557,000
Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,271,000	2,348,000
Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	127,356,000	139,542,000
Residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	123,421,000	134,629,000
Residential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	690,000	2,964,000
Residential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,245,000	1,949,000
Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	127,356,000	138,714,000
Residential | One- to four-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	123,421,000	133,801,000
Residential | One- to four-family | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	690,000	2,964,000
Residential | One- to four-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,245,000	1,949,000
Residential | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans		828,000
Residential | Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans		828,000
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	50,384,000	55,813,000
Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	39,958,000	47,618,000
Commercial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,275,000	3,277,000
Commercial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,151,000	4,918,000
Commercial | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans		100,000
Commercial | Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans		100,000
Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	24,754,000	35,696,000
Commercial | Real estate - nonresidential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	17,539,000	31,307,000
Commercial | Real estate - nonresidential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,433,000	1,479,000
Commercial | Real estate - nonresidential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,782,000	2,910,000
Commercial | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,125,000	5,585,000
Commercial | Multi-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,083,000	5,585,000
Commercial | Multi-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	42,000
Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	20,505,000	14,432,000
Commercial | Commercial business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	17,336,000	10,626,000
Commercial | Commercial business | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	842,000	1,798,000
Commercial | Commercial business | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,327,000	2,008,000
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	98,290,000	61,454,000
Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	98,011,000	61,033,000
Consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	38,000	235,000
Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	241,000	186,000
Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	11,387,000	12,003,000
Consumer | Home equity and junior liens | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	11,285,000	11,776,000
Consumer | Home equity and junior liens | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans		96,000
Consumer | Home equity and junior liens | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	102,000	131,000
Consumer | Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,347,000	23,769,000
Consumer | Manufactured homes | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,272,000	23,686,000
Consumer | Manufactured homes | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans		83,000
Consumer | Manufactured homes | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	75,000
Consumer | Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,469,000	21,083,000
Consumer | Automobile | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,432,000	20,975,000
Consumer | Automobile | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,000	54,000
Consumer | Automobile | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	33,000	54,000
Consumer | Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,259,000	2,251,000
Consumer | Student | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,259,000	2,251,000
Consumer | Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,557,000	263,000
Consumer | Recreational Vehicle | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,527,000	263,000
Consumer | Recreational Vehicle | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	30,000
Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,271,000	2,085,000
Consumer | Other consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,236,000	2,082,000
Consumer | Other consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,000	2,000
Consumer | Other consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	31,000	1,000
Originated
Loans and Leases Receivable Disclosure [Line Items]
Total loans	258,063,000	233,590,000
Originated | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	243,900,000	221,267,000
Originated | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,940,000	5,671,000
Originated | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	8,223,000	6,652,000
Originated | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	113,254,000	121,036,000
Originated | Residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	109,752,000	117,242,000
Originated | Residential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	627,000	2,159,000
Originated | Residential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,875,000	1,635,000
Originated | Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	113,254,000	120,208,000
Originated | Residential | One- to four-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	109,752,000	116,414,000
Originated | Residential | One- to four-family | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	627,000	2,159,000
Originated | Residential | One- to four-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,875,000	1,635,000
Originated | Residential | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans		828,000
Originated | Residential | Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans		828,000
Originated | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	48,115,000	53,294,000
Originated | Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	37,689,000	45,099,000
Originated | Commercial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,275,000	3,277,000
Originated | Commercial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,151,000	4,918,000
Originated | Commercial | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans		100,000
Originated | Commercial | Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans		100,000
Originated | Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,812,000	33,581,000
Originated | Commercial | Real estate - nonresidential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	15,597,000	29,192,000
Originated | Commercial | Real estate - nonresidential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,433,000	1,479,000
Originated | Commercial | Real estate - nonresidential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,782,000	2,910,000
Originated | Commercial | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,125,000	5,585,000
Originated | Commercial | Multi-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,083,000	5,585,000
Originated | Commercial | Multi-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	42,000
Originated | Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	20,178,000	14,028,000
Originated | Commercial | Commercial business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	17,009,000	10,222,000
Originated | Commercial | Commercial business | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	842,000	1,798,000
Originated | Commercial | Commercial business | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,327,000	2,008,000
Originated | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	96,694,000	59,260,000
Originated | Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	96,459,000	58,926,000
Originated | Consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	38,000	235,000
Originated | Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	197,000	99,000
Originated | Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,981,000	10,170,000
Originated | Consumer | Home equity and junior liens | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,923,000	10,030,000
Originated | Consumer | Home equity and junior liens | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans		96,000
Originated | Consumer | Home equity and junior liens | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	58,000	44,000
Originated | Consumer | Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,347,000	23,769,000
Originated | Consumer | Manufactured homes | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,272,000	23,686,000
Originated | Consumer | Manufactured homes | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans		83,000
Originated | Consumer | Manufactured homes | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	75,000
Originated | Consumer | Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,469,000	21,083,000
Originated | Consumer | Automobile | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,432,000	20,975,000
Originated | Consumer | Automobile | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,000	54,000
Originated | Consumer | Automobile | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	33,000	54,000
Originated | Consumer | Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,259,000	2,251,000
Originated | Consumer | Student | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,259,000	2,251,000
Originated | Consumer | Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,557,000	263,000
Originated | Consumer | Recreational Vehicle | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,527,000	263,000
Originated | Consumer | Recreational Vehicle | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	30,000
Originated | Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,081,000	1,724,000
Originated | Consumer | Other consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,046,000	1,721,000
Originated | Consumer | Other consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,000	2,000
Originated | Consumer | Other consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	31,000	1,000
Acquired
Loans and Leases Receivable Disclosure [Line Items]
Total loans	17,967,000	23,219,000
Acquired | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	17,490,000	22,013,000
Acquired | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	63,000	805,000
Acquired | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	414,000	401,000
Acquired | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,102,000	18,506,000
Acquired | Residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	13,669,000	17,387,000
Acquired | Residential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	63,000	805,000
Acquired | Residential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	370,000	314,000
Acquired | Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,102,000	18,506,000
Acquired | Residential | One- to four-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	13,669,000	17,387,000
Acquired | Residential | One- to four-family | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	63,000	805,000
Acquired | Residential | One- to four-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	370,000	314,000
Acquired | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,269,000	2,519,000
Acquired | Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,269,000	2,519,000
Acquired | Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,942,000	2,115,000
Acquired | Commercial | Real estate - nonresidential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,942,000	2,115,000
Acquired | Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	327,000	404,000
Acquired | Commercial | Commercial business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	327,000	404,000
Acquired | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,596,000	2,194,000
Acquired | Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,552,000	2,107,000
Acquired | Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,000	87,000
Acquired | Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,406,000	1,833,000
Acquired | Consumer | Home equity and junior liens | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,362,000	1,746,000
Acquired | Consumer | Home equity and junior liens | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44,000	87,000
Acquired | Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	190,000	361,000
Acquired | Consumer | Other consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 190,000	$ 361,000

Loans Receivable - Non-accrual

Loans Receivable - Non-accrual and Past Due Loans (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 10,938,000	$ 11,984,000
Total Loans Current	265,092,000	244,825,000
Total loans	276,030,000	256,809,000
Non-accrual loans	5,319,000	6,171,000
Number of loans past due more than ninety days and still accruing	0	0
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	4,275,000	4,880,000
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,344,000	3,652,000
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	5,319,000	3,452,000
Home equity and junior liens
Financing Receivable, Past Due [Line Items]
Total loans	11,387,000	12,003,000
Manufactured homes
Financing Receivable, Past Due [Line Items]
Total loans	44,347,000	23,769,000
Automobile
Financing Receivable, Past Due [Line Items]
Total loans	21,469,000	21,083,000
Student
Financing Receivable, Past Due [Line Items]
Total loans	2,259,000	2,251,000
Recreational Vehicle
Financing Receivable, Past Due [Line Items]
Total loans	14,557,000
Other consumer
Financing Receivable, Past Due [Line Items]
Total loans	4,271,000	2,348,000
Residential
Financing Receivable, Past Due [Line Items]
Total Past Due	6,552,000	7,628,000
Total Loans Current	120,804,000	131,914,000
Total loans	127,356,000	139,542,000
Non-accrual loans	3,245,000	2,259,000
Residential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,568,000	3,420,000
Residential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	739,000	1,949,000
Residential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	3,245,000	2,259,000
Residential | One- to four-family
Financing Receivable, Past Due [Line Items]
Total Past Due	6,552,000	7,628,000
Total Loans Current	120,804,000	131,086,000
Total loans	127,356,000	138,714,000
Residential | One- to four-family | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,568,000	3,420,000
Residential | One- to four-family | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	739,000	1,949,000
Residential | One- to four-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	3,245,000	2,259,000
Residential | 1-4 family first-lien
Financing Receivable, Past Due [Line Items]
Non-accrual loans	3,245,000	2,259,000
Residential | Construction
Financing Receivable, Past Due [Line Items]
Total Loans Current		828,000
Total loans		828,000
Commercial
Financing Receivable, Past Due [Line Items]
Total Past Due	2,119,000	3,287,000
Total Loans Current	48,265,000	52,526,000
Total loans	50,384,000	55,813,000
Non-accrual loans	1,833,000	3,704,000
Commercial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	205,000	890,000
Commercial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	81,000	1,412,000
Commercial | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,833,000	985,000
Commercial | Construction
Financing Receivable, Past Due [Line Items]
Total Loans Current		100,000
Total loans		100,000
Commercial | Other commercial and industrial
Financing Receivable, Past Due [Line Items]
Non-accrual loans	688,000	1,195,000
Commercial | Real estate - nonresidential
Financing Receivable, Past Due [Line Items]
Total Past Due	1,235,000	2,650,000
Total Loans Current	23,519,000	33,046,000
Total loans	24,754,000	35,696,000
Non-accrual loans	1,103,000	2,509,000
Commercial | Real estate - nonresidential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	66,000	350,000
Commercial | Real estate - nonresidential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	66,000	1,388,000
Commercial | Real estate - nonresidential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,103,000	912,000
Commercial | Multi-family
Financing Receivable, Past Due [Line Items]
Total Past Due	42,000
Total Loans Current	5,083,000	5,585,000
Total loans	5,125,000	5,585,000
Non-accrual loans	42,000
Commercial | Multi-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	42,000
Commercial | Commercial business
Financing Receivable, Past Due [Line Items]
Total Past Due	842,000	637,000
Total Loans Current	19,663,000	13,795,000
Total loans	20,505,000	14,432,000
Commercial | Commercial business | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	139,000	540,000
Commercial | Commercial business | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	15,000	24,000
Commercial | Commercial business | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	688,000	73,000
Consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	2,267,000	1,069,000
Total Loans Current	96,023,000	60,385,000
Total loans	98,290,000	61,454,000
Non-accrual loans	241,000	208,000
Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,502,000	570,000
Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	524,000	291,000
Consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	241,000	208,000
Consumer | Home equity and junior liens
Financing Receivable, Past Due [Line Items]
Total Past Due	269,000	379,000
Total Loans Current	11,118,000	11,624,000
Total loans	11,387,000	12,003,000
Non-accrual loans	102,000	154,000
Consumer | Home equity and junior liens | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	138,000	91,000
Consumer | Home equity and junior liens | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	29,000	134,000
Consumer | Home equity and junior liens | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	102,000	154,000
Consumer | Manufactured homes
Financing Receivable, Past Due [Line Items]
Total Past Due	1,459,000	262,000
Total Loans Current	42,888,000	23,507,000
Total loans	44,347,000	23,769,000
Non-accrual loans	75,000
Consumer | Manufactured homes | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	944,000	179,000
Consumer | Manufactured homes | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	440,000	83,000
Consumer | Manufactured homes | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	75,000
Consumer | Automobile
Financing Receivable, Past Due [Line Items]
Total Past Due	242,000	315,000
Total Loans Current	21,227,000	20,768,000
Total loans	21,469,000	21,083,000
Non-accrual loans	33,000	54,000
Consumer | Automobile | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	188,000	207,000
Consumer | Automobile | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	21,000	54,000
Consumer | Automobile | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	33,000	54,000
Consumer | Student
Financing Receivable, Past Due [Line Items]
Total Past Due		35,000
Total Loans Current	2,259,000	2,216,000
Total loans	2,259,000	2,251,000
Consumer | Student | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due		35,000
Consumer | Recreational Vehicle
Financing Receivable, Past Due [Line Items]
Total Past Due	259,000
Total Loans Current	14,298,000	263,000
Total loans	14,557,000	263,000
Consumer | Recreational Vehicle | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	229,000
Consumer | Recreational Vehicle | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	30,000
Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	38,000	78,000
Total Loans Current	4,233,000	2,007,000
Total loans	4,271,000	2,085,000
Non-accrual loans	31,000
Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	3,000	58,000
Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	4,000	20,000
Consumer | Other consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	31,000
Originated
Financing Receivable, Past Due [Line Items]
Total Past Due	10,184,000	10,740,000
Total Loans Current	247,879,000	222,850,000
Total loans	258,063,000	233,590,000
Originated | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	4,006,000	4,411,000
Originated | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,275,000	3,278,000
Originated | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	4,903,000	3,051,000
Originated | Residential
Financing Receivable, Past Due [Line Items]
Total Past Due	5,911,000	6,564,000
Total Loans Current	107,343,000	114,472,000
Total loans	113,254,000	121,036,000
Originated | Residential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,345,000	2,963,000
Originated | Residential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	691,000	1,656,000
Originated | Residential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,875,000	1,945,000
Originated | Residential | One- to four-family
Financing Receivable, Past Due [Line Items]
Total Past Due	5,911,000	6,564,000
Total Loans Current	107,343,000	113,644,000
Total loans	113,254,000	120,208,000
Originated | Residential | One- to four-family | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,345,000	2,963,000
Originated | Residential | One- to four-family | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	691,000	1,656,000
Originated | Residential | One- to four-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,875,000	1,945,000
Originated | Residential | Construction
Financing Receivable, Past Due [Line Items]
Total Loans Current		828,000
Total loans		828,000
Originated | Commercial
Financing Receivable, Past Due [Line Items]
Total Past Due	2,104,000	3,287,000
Total Loans Current	46,011,000	50,007,000
Total loans	48,115,000	53,294,000
Originated | Commercial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	205,000	890,000
Originated | Commercial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	66,000	1,412,000
Originated | Commercial | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,833,000	985,000
Originated | Commercial | Construction
Financing Receivable, Past Due [Line Items]
Total Loans Current		100,000
Total loans		100,000
Originated | Commercial | Real estate - nonresidential
Financing Receivable, Past Due [Line Items]
Total Past Due	1,235,000	2,650,000
Total Loans Current	21,577,000	30,931,000
Total loans	22,812,000	33,581,000
Originated | Commercial | Real estate - nonresidential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	66,000	350,000
Originated | Commercial | Real estate - nonresidential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	66,000	1,388,000
Originated | Commercial | Real estate - nonresidential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,103,000	912,000
Originated | Commercial | Multi-family
Financing Receivable, Past Due [Line Items]
Total Past Due	42,000
Total Loans Current	5,083,000	5,585,000
Total loans	5,125,000	5,585,000
Originated | Commercial | Multi-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	42,000
Originated | Commercial | Commercial business
Financing Receivable, Past Due [Line Items]
Total Past Due	827,000	637,000
Total Loans Current	19,351,000	13,391,000
Total loans	20,178,000	14,028,000
Originated | Commercial | Commercial business | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	139,000	540,000
Originated | Commercial | Commercial business | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due		24,000
Originated | Commercial | Commercial business | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	688,000	73,000
Originated | Consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	2,169,000	889,000
Total Loans Current	94,525,000	58,371,000
Total loans	96,694,000	59,260,000
Originated | Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,456,000	558,000
Originated | Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	518,000	210,000
Originated | Consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	195,000	121,000
Originated | Consumer | Home equity and junior liens
Financing Receivable, Past Due [Line Items]
Total Past Due	173,000	218,000
Total Loans Current	9,808,000	9,952,000
Total loans	9,981,000	10,170,000
Originated | Consumer | Home equity and junior liens | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	92,000	80,000
Originated | Consumer | Home equity and junior liens | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	23,000	71,000
Originated | Consumer | Home equity and junior liens | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	58,000	67,000
Originated | Consumer | Manufactured homes
Financing Receivable, Past Due [Line Items]
Total Past Due	1,459,000	262,000
Total Loans Current	42,888,000	23,507,000
Total loans	44,347,000	23,769,000
Originated | Consumer | Manufactured homes | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	944,000	179,000
Originated | Consumer | Manufactured homes | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	440,000	83,000
Originated | Consumer | Manufactured homes | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	75,000
Originated | Consumer | Automobile
Financing Receivable, Past Due [Line Items]
Total Past Due	242,000	315,000
Total Loans Current	21,227,000	20,768,000
Total loans	21,469,000	21,083,000
Originated | Consumer | Automobile | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	188,000	207,000
Originated | Consumer | Automobile | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	21,000	54,000
Originated | Consumer | Automobile | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	33,000	54,000
Originated | Consumer | Student
Financing Receivable, Past Due [Line Items]
Total Past Due		35,000
Total Loans Current	2,259,000	2,216,000
Total loans	2,259,000	2,251,000
Originated | Consumer | Student | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due		35,000
Originated | Consumer | Recreational Vehicle
Financing Receivable, Past Due [Line Items]
Total Past Due	259,000
Total Loans Current	14,298,000	263,000
Total loans	14,557,000	263,000
Originated | Consumer | Recreational Vehicle | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	229,000
Originated | Consumer | Recreational Vehicle | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	30,000
Originated | Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	36,000	59,000
Total Loans Current	4,045,000	1,665,000
Total loans	4,081,000	1,724,000
Originated | Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	3,000	57,000
Originated | Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	4,000	2,000
Originated | Consumer | Other consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	29,000
Acquired
Financing Receivable, Past Due [Line Items]
Total Past Due	754,000	1,244,000
Total Loans Current	17,213,000	21,975,000
Total loans	17,967,000	23,219,000
Acquired | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	269,000	469,000
Acquired | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	69,000	374,000
Acquired | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	416,000	401,000
Acquired | Residential
Financing Receivable, Past Due [Line Items]
Total Past Due	641,000	1,064,000
Total Loans Current	13,461,000	17,442,000
Total loans	14,102,000	18,506,000
Acquired | Residential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	223,000	457,000
Acquired | Residential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	48,000	293,000
Acquired | Residential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	370,000	314,000
Acquired | Residential | One- to four-family
Financing Receivable, Past Due [Line Items]
Total Past Due	641,000	1,064,000
Total Loans Current	13,461,000	17,442,000
Total loans	14,102,000	18,506,000
Acquired | Residential | One- to four-family | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	223,000	457,000
Acquired | Residential | One- to four-family | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	48,000	293,000
Acquired | Residential | One- to four-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	370,000	314,000
Acquired | Commercial
Financing Receivable, Past Due [Line Items]
Total Past Due	15,000
Total Loans Current	2,254,000	2,519,000
Total loans	2,269,000	2,519,000
Acquired | Commercial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	15,000
Acquired | Commercial | Other commercial and industrial
Financing Receivable, Past Due [Line Items]
Total Loans Current		404,000
Total loans		404,000
Acquired | Commercial | Real estate - nonresidential
Financing Receivable, Past Due [Line Items]
Total Loans Current	1,942,000	2,115,000
Total loans	1,942,000	2,115,000
Acquired | Commercial | Commercial business
Financing Receivable, Past Due [Line Items]
Total Past Due	15,000
Total Loans Current	312,000
Total loans	327,000	404,000
Acquired | Commercial | Commercial business | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	15,000
Acquired | Consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	98,000	180,000
Total Loans Current	1,498,000	2,014,000
Total loans	1,596,000	2,194,000
Acquired | Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	46,000	12,000
Acquired | Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	6,000	81,000
Acquired | Consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	46,000	87,000
Acquired | Consumer | Home equity and junior liens
Financing Receivable, Past Due [Line Items]
Total Past Due	96,000	161,000
Total Loans Current	1,310,000	1,672,000
Total loans	1,406,000	1,833,000
Acquired | Consumer | Home equity and junior liens | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	46,000	11,000
Acquired | Consumer | Home equity and junior liens | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	6,000	63,000
Acquired | Consumer | Home equity and junior liens | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	44,000	87,000
Acquired | Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	2,000	19,000
Total Loans Current	188,000	342,000
Total loans	190,000	361,000
Acquired | Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due		1,000
Acquired | Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due		$ 18,000
Acquired | Consumer | Other consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 2,000

Loans Receivable - Troubled Deb

Loans Receivable - Troubled Debt Restructurings (Details)	12 Months Ended
	Dec. 31, 2020USD ($)loancontract	Dec. 31, 2019USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Number of modified loans | loan	9
Number of contracts in non-accrual status | contract	1
Outstanding balance	$ 2,500,000
Charge-offs	(583,000)	$ (396,000)
Bankers Healthcare Group
Loans and Leases Receivable Disclosure [Line Items]
Total outstanding TDR		25,000
Automobile
Loans and Leases Receivable Disclosure [Line Items]
Charge-offs	$ (54,000)	$ (137,000)

Loans Receivable - Impaired Loa

Loans Receivable - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Recorded Investment
Total:	$ 6,152	$ 7,412
Unpaid Principal Balance
Total:	6,603	7,442
Related Allowance	305	391
Average Recorded Investment
Total:	6,631	5,022
Interest Income Recognized
Total:	195	188
Multi-family
Recorded Investment
With an allowance recorded:	42
Total:	42
Unpaid Principal Balance
With an allowance recorded:	42
Total:	42
Related Allowance	7
Average Recorded Investment
Total:	42
Interest Income Recognized
Total:	1
Commercial business
Recorded Investment
With no related allowance recorded:	782	1,622
With an allowance recorded:	713	385
Total:	1,495	2,007
Unpaid Principal Balance
With no related allowance recorded:	782	1,622
With an allowance recorded:	713	385
Total:	1,495	2,007
Related Allowance	265	133
Average Recorded Investment
Total:	1,572	1,038
Interest Income Recognized
Total:	54	58
Home equity and junior liens
Recorded Investment
With no related allowance recorded:	109	131
Total:	109	131
Unpaid Principal Balance
With no related allowance recorded:	109	131
Total:	109	131
Average Recorded Investment
Total:	110	132
Interest Income Recognized
Total:	7	7
Automobile
Recorded Investment
With no related allowance recorded:		81
With an allowance recorded:	41
Total:	41	81
Unpaid Principal Balance
With no related allowance recorded:		81
With an allowance recorded:	41
Total:	41	81
Related Allowance	10
Average Recorded Investment
Total:	46	89
Interest Income Recognized
Total:	4	10
Other consumer
Recorded Investment
With an allowance recorded:	2	1
Total:	2	1
Unpaid Principal Balance
With an allowance recorded:	2	1
Total:	2	1
Related Allowance	2	1
Average Recorded Investment
Total:	2	1
Residential | One- to four-family
Recorded Investment
With no related allowance recorded:	2,836	2,150
With an allowance recorded:	429	132
Total:	3,265	2,282
Unpaid Principal Balance
With no related allowance recorded:	2,937	2,180
With an allowance recorded:	429	132
Total:	3,366	2,312
Related Allowance	21	7
Average Recorded Investment
Total:	3,336	2,309
Interest Income Recognized
Total:	110	82
Commercial | Real estate - nonresidential
Recorded Investment
With no related allowance recorded:	1,198	2,472
With an allowance recorded:		438
Total:	1,198	2,910
Unpaid Principal Balance
With no related allowance recorded:	1,548	2,472
With an allowance recorded:		438
Total:	1,548	2,910
Related Allowance		250
Average Recorded Investment
Total:	1,523	1,453
Interest Income Recognized
Total:	$ 19	$ 31

Servicing (Details)

Servicing (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Other Assets
Servicing Asset at Amortized Cost [Line Items]
Capitalized servicing rights	$ 20,000	$ 23,000
One- to four-family residential mortgage loans
Servicing Asset at Amortized Cost [Line Items]
Mortgage loans	14,000,000	16,400,000
Outstanding balance	$ 12,100,000	$ 14,300,000

Allowance for Loan Loss (Detail

Allowance for Loan Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Allowance for loan losses:
Beginning Balance	$ 1,660	$ 1,548
Charge-offs	(583)	(396)
Recoveries	264	148
Provision for loan losses	480	360
Ending balance	1,821	1,660
Ending balance: related to loans individually evaluated for impairment	305	391
Ending balance: related to loans collectively evaluated for impairment	1,516	1,269
Loans receivable - Ending balance	276,030	256,809
Loans receivable - Ending balance: individually evaluated for impairment	6,152	7,412
Loans receivable - Ending balance: collectively evaluated for impairment	269,878	249,397
Home equity and junior liens
Allowance for loan losses:
Beginning Balance	50	58
Charge-offs	(9)
Recoveries	12
Provision for loan losses	(7)	(8)
Ending balance	46	50
Ending balance: related to loans collectively evaluated for impairment	46	50
Loans receivable - Ending balance	11,387	12,003
Loans receivable - Ending balance: individually evaluated for impairment	109	131
Loans receivable - Ending balance: collectively evaluated for impairment	11,278	11,872
Manufactured homes
Allowance for loan losses:
Provision for loan losses	76
Ending balance	76
Ending balance: related to loans collectively evaluated for impairment	76
Loans receivable - Ending balance	44,347	23,769
Loans receivable - Ending balance: collectively evaluated for impairment	44,347	23,769
Automobile
Allowance for loan losses:
Beginning Balance	142	228
Charge-offs	(54)	(137)
Recoveries	71	52
Provision for loan losses	(32)	(1)
Ending balance	127	142
Ending balance: related to loans individually evaluated for impairment	10
Ending balance: related to loans collectively evaluated for impairment	117	142
Loans receivable - Ending balance	21,469	21,083
Loans receivable - Ending balance: individually evaluated for impairment	41	81
Loans receivable - Ending balance: collectively evaluated for impairment	21,428	21,002
Student
Allowance for loan losses:
Beginning Balance	69	50
Charge-offs		(25)
Recoveries	3	1
Provision for loan losses	(3)	43
Ending balance	69	69
Ending balance: related to loans collectively evaluated for impairment	69	69
Loans receivable - Ending balance	2,259	2,251
Loans receivable - Ending balance: collectively evaluated for impairment	2,259	2,251
Recreational Vehicle
Allowance for loan losses:
Charge-offs	(14)
Recoveries	6
Provision for loan losses	8
Loans receivable - Ending balance	14,557
Loans receivable - Ending balance: collectively evaluated for impairment	14,557
Other consumer
Allowance for loan losses:
Beginning Balance	35	28
Charge-offs	(4)	(68)
Recoveries	9	5
Provision for loan losses	44	70
Ending balance	84	35
Ending balance: related to loans individually evaluated for impairment	2	1
Ending balance: related to loans collectively evaluated for impairment	82	34
Loans receivable - Ending balance	4,271	2,348
Loans receivable - Ending balance: individually evaluated for impairment	2	1
Loans receivable - Ending balance: collectively evaluated for impairment	4,269	2,347
Unallocated
Allowance for loan losses:
Beginning Balance	22	132
Provision for loan losses	(22)	(110)
Ending balance		22
Ending balance: related to loans collectively evaluated for impairment		22
Residential
Allowance for loan losses:
Loans receivable - Ending balance	127,356	139,542
Residential | One- to four-family
Allowance for loan losses:
Beginning Balance	375	314
Charge-offs	(89)	(42)
Recoveries	4	2
Provision for loan losses	167	101
Ending balance	457	375
Ending balance: related to loans individually evaluated for impairment	21	7
Ending balance: related to loans collectively evaluated for impairment	436	368
Loans receivable - Ending balance	127,356	138,714
Loans receivable - Ending balance: individually evaluated for impairment	3,265	2,282
Loans receivable - Ending balance: collectively evaluated for impairment	124,091	136,432
Residential | Construction
Allowance for loan losses:
Beginning Balance	2	1
Provision for loan losses	(2)	1
Ending balance		2
Ending balance: related to loans collectively evaluated for impairment		2
Loans receivable - Ending balance		828
Loans receivable - Ending balance: collectively evaluated for impairment		828
Commercial
Allowance for loan losses:
Loans receivable - Ending balance	50,384	55,813
Commercial | Construction
Allowance for loan losses:
Loans receivable - Ending balance		100
Loans receivable - Ending balance: collectively evaluated for impairment		100
Commercial | Real estate - nonresidential
Allowance for loan losses:
Beginning Balance	421	202
Charge-offs	(398)	(18)
Provision for loan losses	296	237
Ending balance	319	421
Ending balance: related to loans individually evaluated for impairment		250
Ending balance: related to loans collectively evaluated for impairment	319	171
Loans receivable - Ending balance	24,754	35,696
Loans receivable - Ending balance: individually evaluated for impairment	1,198	2,910
Loans receivable - Ending balance: collectively evaluated for impairment	23,556	32,786
Commercial | Multi-family
Allowance for loan losses:
Beginning Balance	17	12
Recoveries	19	9
Provision for loan losses	(10)	(4)
Ending balance	26	17
Ending balance: related to loans individually evaluated for impairment	7
Ending balance: related to loans collectively evaluated for impairment	19	17
Loans receivable - Ending balance	5,125	5,585
Loans receivable - Ending balance: individually evaluated for impairment	42
Loans receivable - Ending balance: collectively evaluated for impairment	5,083	5,585
Commercial | Commercial business
Allowance for loan losses:
Beginning Balance	527	523
Charge-offs	(15)	(106)
Recoveries	140	79
Provision for loan losses	(35)	31
Ending balance	617	527
Ending balance: related to loans individually evaluated for impairment	265	133
Ending balance: related to loans collectively evaluated for impairment	352	394
Loans receivable - Ending balance	20,505	14,432
Loans receivable - Ending balance: individually evaluated for impairment	1,495	2,007
Loans receivable - Ending balance: collectively evaluated for impairment	19,010	12,425
Consumer
Allowance for loan losses:
Loans receivable - Ending balance	98,290	61,454
Consumer | Home equity and junior liens
Allowance for loan losses:
Loans receivable - Ending balance	11,387	12,003
Consumer | Manufactured homes
Allowance for loan losses:
Loans receivable - Ending balance	44,347	23,769
Consumer | Automobile
Allowance for loan losses:
Loans receivable - Ending balance	21,469	21,083
Consumer | Student
Allowance for loan losses:
Loans receivable - Ending balance	2,259	2,251
Consumer | Recreational Vehicle
Allowance for loan losses:
Loans receivable - Ending balance	14,557	263
Consumer | Other consumer
Allowance for loan losses:
Loans receivable - Ending balance	$ 4,271	$ 2,085

Federal Home Loan Bank of New_2

Federal Home Loan Bank of New York Stock (Details)	12 Months Ended
	Dec. 31, 2020
Federal Home Loan Bank, Advances [Line Items]
Percentage of outstanding advances from the FHLB	5.00%
Residential
Federal Home Loan Bank, Advances [Line Items]
Unpaid principal balance	1.00%

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Premises and equipment gross	$ 29,941	$ 29,734
Less: Accumulated depreciation	13,198	12,146
Total premises and equipment	16,743	17,588
Land
Property, Plant and Equipment [Line Items]
Premises and equipment gross	3,884	3,909
Buildings and improvements
Property, Plant and Equipment [Line Items]
Premises and equipment gross	19,041	19,016
Equipment
Property, Plant and Equipment [Line Items]
Premises and equipment gross	6,810	6,638
Construction in progress
Property, Plant and Equipment [Line Items]
Premises and equipment gross	$ 206	$ 171

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Summarized (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		$ 1,761
Goodwill	$ 792	792
Gross Carrying Amount	1,761
Accumulated Amortization	(121)	(56)
Total	320
Net Value, including goodwill	1,640	1,705
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5	5
Accumulated Amortization	(3)	(2)
Total	2	3
Core deposit intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	964	964
Accumulated Amortization	(118)	(54)
Total	$ 846	$ 910

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Narrative (Details) - USD ($)	Sep. 29, 2018	Dec. 28, 2016	Dec. 31, 2020	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill			$ 792,000	$ 792,000
Effective income tax rate			21.00%	21.00%
John G. Sweeney Agency, Inc
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 465,000
Amortization period of intangible asset		7 years
Acquired intangible asset		$ 5,000
Medina Savings and Loan Association
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period of intangible asset	15 years
Shares issued in connection with acquisition	171,440
Core deposit intangible | Medina Savings and Loan Association
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible asset	$ 964,000
Percentage of intangible assets acquired of the total acquired intangible assets	2.50%
Effective income tax rate	21.00%

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Aggregate Amortization Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Intangible Assets
Amortization expense	$ 65,000	$ 55,000
Amortization Expense
2021	64,000
2022	64,000
2023	64,000
2024	64,000
2025	64,000
Total	320,000
Impairment losses on intangible assets	0	0
Impairment losses on goodwill	0	0
Core deposit intangible
Intangible Assets
Amortization expense	64,000
Amortization Expense
Total	$ 846,000	$ 910,000

Deposits - Type of Deposits (De

Deposits - Type of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deposits
Checking accounts, non-interest bearing	$ 65,673	$ 38,098
Checking accounts, interest-bearing	31,745	27,525
Money market accounts	26,334	24,861
Savings accounts	102,307	85,300
Time deposits	83,487	107,554
Total deposits	309,546	283,338
Reciprocal deposit	$ 24,100	$ 28,400

Deposits -Maturities of Time De

Deposits -Maturities of Time Deposits (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deposits
2021	$ 61,554,000
2022	14,280,000
2023	3,049,000
2024	1,797,000
2025	2,037,000
Thereafter	770,000
Total time deposits	83,487,000	$ 107,554,000
Time deposits equal to or greater than $250,000	$ 22,299,000	$ 36,652,000

Borrowings - Composition of bor

Borrowings - Composition of borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Long-term:
Total long-term borrowings	$ 27,628	$ 31,448
Subordinated debt	1,235	735
Term advances
Long-term:
Total long-term borrowings	4,300	3,300
Amortizing advances
Long-term:
Total long-term borrowings	$ 23,328	$ 28,148

Borrowings - Principal balances

Borrowings - Principal balances and interest rates of borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Long-term:
Total long-term borrowings	$ 27,628	$ 31,448
Subordinated debt	$ 1,235	$ 735
Subordinated debt interest rate		8.00%
Minimum
Long-term:
Subordinated debt interest rate	6.00%
Maximum
Long-term:
Subordinated debt interest rate	8.00%
Term advances
Long-term:
Total long-term borrowings	$ 4,300	$ 3,300
Term advances | Minimum
Long-term:
FHLB loan Interest rate	1.45%	1.74%
Term advances | Maximum
Long-term:
FHLB loan Interest rate	2.48%	2.12%
Amortizing advances
Long-term:
Total long-term borrowings	$ 23,328	$ 28,148
Amortizing advances | Minimum
Long-term:
FHLB loan Interest rate	0.96%	1.20%
Amortizing advances | Maximum
Long-term:
FHLB loan Interest rate	3.03%	3.03%

Borrowings - Maturities of borr

Borrowings - Maturities of borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Long-term:
Due within 1 year	$ 10,282	$ 8,171
Due within 2 years	7,898	9,285
Due within 3 years	3,785	7,814
Due within 4 years	4,926	2,457
Due within 5 years	1,796	2,986
Thereafter	176	1,470
Total long-term borrowings	$ 28,863	$ 32,183

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($)	Feb. 15, 2021	Dec. 31, 2020	Jul. 31, 2020	Dec. 31, 2019	Sep. 30, 2011
Debt Instrument [Line Items]
Percentage of securities pledged		120.00%
Securities pledged amount		$ 33,200,000		$ 37,700,000
Outstanding amount		0		0
FHLB credit line
Debt Instrument [Line Items]
Current available capacity		55,600,000
Unused capacity		15,800,000
FHLB credit line | FHLB Stock
Debt Instrument [Line Items]
Securities pledged amount		2,000,000		2,300,000
FHLB credit line | Residential
Debt Instrument [Line Items]
Securities pledged amount		70,600,000		73,900,000
Line of credit
Debt Instrument [Line Items]
Line of credit		5,000,000
Zions Bank line of credit
Debt Instrument [Line Items]
Line of credit		5,500,000
Outstanding amount		0		0
Subordinated debt
Debt Instrument [Line Items]
Debt Instrument, Accrued Interest Redeemed	$ 7,350
Debt principal amount			$ 500,000		$ 735,000
Interest rate			6.00%		8.00%
Subordinated debt | Directors and their affiliates
Debt Instrument [Line Items]
Long-term borrowings		$ 500,000		$ 500,000

Income Taxes - Income Taxes Exp

Income Taxes - Income Taxes Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Current tax expense:
Federal	$ (781)
State	15	$ 4
Total current tax expense (benefit)	(766)	4
Deferred tax benefit:
Federal	662	(159)
Total deferred tax benefit	662	(159)
Benefit for income taxes	$ (104)	$ (155)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Assets:
Deferred Compensation	$ 111,000	$ 101,000
Allowance for loan losses	458,000	438,000
Net operating loss carryforward	847,000	1,427,000
Mortgage recording tax credit	3,000	11,000
Nonaccrual interest	82,000	42,000
Other	72,000	46,000
Total deferred tax assets	1,573,000	2,065,000
Liabilities:
Pension	(1,831,000)	(1,597,000)
Intangible assets	(222,000)	(233,000)
Investment securities, unrealized gains	(144,000)	(150,000)
Mortgage servicing rights	(4,000)	(5,000)
Depreciation	(152,000)	(128,000)
Other	(6,000)	(10,000)
Total deferred tax liabilities	(2,359,000)	(2,123,000)
Net deferred tax liability	(786,000)	(58,000)
Net Income (Loss) Attributable to Parent	1,748,000	$ 87,000
Tax benefit for the rate differential between the current rate and the rate in effect in the period to which the net operating loss was carried back	(311,000)
Seneca Cayuga Bancorp
Liabilities:
Operating Loss Carryforwards	1,500,000
Operating loss carryforwards, without expiry	$ 2,500,000

Income Taxes -Reconciliation of

Income Taxes -Reconciliation of the Federal Statutory Income Tax Rate to the Effective Income Tax Rate (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Taxes
Federal statutory income tax rate	21.00%	21.00%
State tax, net of federal benefit	0.70%	(4.70%)
Bank owned life insurance and other permanent differences	(2.10%)	40.10%
Tax exempt income	(9.80%)	189.80%
Tax rate differential for NOL carryback	(19.00%)
Other	2.80%	(18.30%)
Effective income tax rate	(6.30%)	227.90%
Base-year tax bad debt reserves	$ 332,000	$ 332,000

Employee Benefit Plans - 401(k)

Employee Benefit Plans - 401(k) Plan (Details) - 401(k) Plan - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employer matching contribution	25.00%
Vesting period for matching contribution	5 years
Expense attributable to contributions made by the Company	$ 63,000	$ 53,000
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Voluntary contributions by participating employees	15.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Voluntary contributions by participating employees	1.00%

Employee Benefit Plans - Define

Employee Benefit Plans - Defined Benefit Plan (Details)	12 Months Ended
	Dec. 31, 2020USD ($)planY	Dec. 31, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Age to qualify for defined pension plans | Y	21
Service period to qualify for defined pension plans	1 year
Change in plan assets:
Fair value of plan assets at beginning of year	$ 7,605,000
Fair value of plan assets at end of year	$ 8,720,000	$ 7,605,000
Defined Benefit Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of pension plans | plan	2
Age to qualify for defined pension plans | Y	21
Service period to qualify for defined pension plans	1 year
Vesting Period	5 years
Generations Bank Plan
Change in benefit obligations:
Benefit obligations at beginning of year	$ 11,048,000	9,768,000
Service cost	413,000	377,000
Interest cost	448,000	477,000
Actuarial loss (gain)	946,000	1,575,000
Benefits paid	(850,000)	(1,149,000)
Benefit obligations at end of year	12,005,000	11,048,000
Change in plan assets:
Fair value of plan assets at beginning of year	16,679,000	14,383,000
Actual return on plan assets	2,222,000	3,038,000
Benefits paid	(850,000)	(1,149,000)
Employer contributions	281,000	407,000
Fair value of plan assets at end of year	18,332,000	16,679,000
Funded Status	6,327,000	5,631,000
Amounts recognized in accumulated other comprehensive loss
Unrecognized net loss (gain)	2,913,000	2,985,000
Tax effect	612,000	627,000
Amounts recognized in accumulated other comprehensive loss	2,301,000	2,358,000
Accumulated benefit obligation	$ 10,481,000	$ 9,792,000
Assumptions used to determine benefit obligations
Weighted average discount rate	3.55%	4.13%
Rate of increase in future compensation levels	4.00%	4.00%
Medina Savings and Loan Plan
Change in benefit obligations:
Benefit obligations at beginning of year	$ 3,489,000	$ 2,043,000
Service cost	28,000	19,000
Interest cost	143,000	100,000
Actuarial loss (gain)	130,000	434,000
Benefits reimbursed (paid)	(289,000)	893,000
Benefit obligations at end of year	3,501,000	3,489,000
Change in plan assets:
Fair value of plan assets at beginning of year	5,463,000	3,790,000
Actual return on plan assets	720,000	780,000
Benefits reimbursed (paid)	(289,000)	893,000
Fair value of plan assets at end of year	5,894,000	5,463,000
Funded Status	2,393,000	1,974,000
Amounts recognized in accumulated other comprehensive loss
Unrecognized net loss (gain)	(207,000)	(492,000)
Tax effect	(43,000)	(103,000)
Amounts recognized in accumulated other comprehensive loss	(164,000)	(389,000)
Accumulated benefit obligation	$ 3,433,000	$ 3,455,000
Assumptions used to determine benefit obligations
Weighted average discount rate	3.83%	4.20%
Rate of increase in future compensation levels	3.00%	3.00%

Employee Benefit Plans - Defi_2

Employee Benefit Plans - Defined Benefit Plan - Components of net periodic pension expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net periodic expenses recognized in income:
Net actuarial (gain) loss		$ (96,000)	$ (255,000)
Generations Bank Plan
Net periodic expenses recognized in income:
Service cost		413,000	377,000
Interest cost		448,000	477,000
Expected return on plan assets		(1,340,000)	(1,238,000)
Amortization of net losses(gain)		135,000	200,000
Net periodic pension benefit		(344,000)	(184,000)
Net actuarial (gain) loss		63,000	(225,000)
Amortization of net actuarial loss		(135,000)	(200,000)
Total recognized in other comprehensive (income) loss		(72,000)	(425,000)
Total recognized in net periodic pension benefit and other comprehensive (income) loss		(416,000)	(609,000)
Generations Bank Plan | Forecast
Net periodic expenses recognized in income:
Amortization expenses	$ 114,000
Medina Savings and Loan Plan
Net periodic expenses recognized in income:
Service cost		28,000	19,000
Interest cost		143,000	100,000
Expected return on plan assets		(430,000)	(316,000)
Amortization of net losses(gain)			(9,000)
Net periodic pension benefit		(259,000)	(206,000)
Net actuarial (gain) loss		(160,000)	(30,000)
Amortization of net actuarial loss			9,000
Total recognized in other comprehensive (income) loss		(160,000)	(21,000)
Total recognized in net periodic pension benefit and other comprehensive (income) loss		$ (419,000)	$ (227,000)
Medina Savings and Loan Plan | Forecast
Net periodic expenses recognized in income:
Amortization expenses	$ 0

Employee Benefit Plans - Defi_3

Employee Benefit Plans - Defined Benefit Plan - Weighted-average assumptions and Expected benefit payments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021
Generations Bank Plan
Weighted-average assumptions were used to determine net periodic pension expense
Weighted average discount rate	4.13%	4.99%
Long-term rate of return on plan assets	8.00%	8.50%
Rate of increase in future compensation levels	4.00%	4.00%
Expects to contribute in 2020			$ 365,000
Expected benefit payments to be paid to participants
2021	$ 342,000
2022	317,000
2023	317,000
2024	363,000
2025	417,000
2026-2030	$ 2,727,000
Medina Savings and Loan Plan
Weighted-average assumptions were used to determine net periodic pension expense
Weighted average discount rate	4.20%	5.07%
Long-term rate of return on plan assets	8.00%	6.75%
Rate of increase in future compensation levels	3.00%	2.00%
Expects to contribute in 2020			$ 17,000
Expected benefit payments to be paid to participants
2021	$ 221,000
2022	219,000
2023	217,000
2024	213,000
2025	211,000
2026-2030	$ 1,035,000

Employee Benefit Plans - Defi_4

Employee Benefit Plans - Defined Benefit Plan - Investment Policies and Strategies (Details)	12 Months Ended
	Dec. 31, 2020USD ($)item	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	$ 8,720,000	$ 7,605,000
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	65.00%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	35.00%
Generations Bank Plan
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	$ 18,332,000	16,679,000	$ 14,383,000
Generations Bank Plan | Fundamental Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,538,000	1,377,000
Generations Bank Plan | Indexed Equity A
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	2,957,000	2,774,000
Generations Bank Plan | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,434,000	1,388,000
Generations Bank Plan | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	972,000	864,000
Generations Bank Plan | S&P Mid-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,398,000	1,204,000
Generations Bank Plan | Mid-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	957,000	857,000
Generations Bank Plan | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,153,000	1,056,000
Generations Bank Plan | Select Small-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,268,000	1,050,000
Generations Bank Plan | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	781,000	702,000
Generations Bank Plan | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	836,000	777,000
Generations Bank Plan | Premier Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,683,000	1,541,000
Generations Bank Plan | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,663,000	1,538,000
Generations Bank Plan | Western Strategic Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,692,000	1,551,000
Generations Bank Plan | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	18,332,000	16,679,000
Generations Bank Plan | Level 2 | Fundamental Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,538,000	1,377,000
Generations Bank Plan | Level 2 | Indexed Equity A
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	2,957,000	2,774,000
Generations Bank Plan | Level 2 | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,434,000	1,388,000
Generations Bank Plan | Level 2 | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	972,000	864,000
Generations Bank Plan | Level 2 | S&P Mid-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,398,000	1,204,000
Generations Bank Plan | Level 2 | Mid-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	957,000	857,000
Generations Bank Plan | Level 2 | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,153,000	1,056,000
Generations Bank Plan | Level 2 | Select Small-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,268,000	1,050,000
Generations Bank Plan | Level 2 | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	781,000	702,000
Generations Bank Plan | Level 2 | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	836,000	777,000
Generations Bank Plan | Level 2 | Premier Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,683,000	1,541,000
Generations Bank Plan | Level 2 | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,663,000	1,538,000
Generations Bank Plan | Level 2 | Western Strategic Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	$ 1,692,000	$ 1,551,000
Generations Bank Plan | Equity securities | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%
Generations Bank Plan | Equity securities | Mid-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%
Generations Bank Plan | Equity securities | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%
Generations Bank Plan | Equity securities | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%
Number of developing markets | item	3
Generations Bank Plan | Equity securities | International Equity
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	25.00%
Generations Bank Plan | Equity securities | Maximum | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	100.00%
Generations Bank Plan | Stocks of blue chip companies | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	65.00%
Generations Bank Plan | Stocks of blue chip companies | Blue Chip Growth | Stock Included in Dow Jones Index
Defined Benefit Plan Disclosure [Line Items]
Market capitalization	$ 200,000,000
Generations Bank Plan | Stocks of blue chip companies | Blue Chip Growth | Stock Included in Other Index
Defined Benefit Plan Disclosure [Line Items]
Market capitalization	$ 1,000,000,000
Generations Bank Plan | Debt securities | Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	10.00%
Generations Bank Plan | Debt securities | Minimum | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Portfolio duration	4 years	4 years
Generations Bank Plan | Debt securities | Minimum | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%
Generations Bank Plan | Debt securities | Minimum | Western Strategic Bond
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%
Generations Bank Plan | Debt securities | Maximum | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Portfolio duration	7 years	7 years
Medina Savings and Loan Plan
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	$ 5,894,000	$ 5,463,000	$ 3,790,000
Medina Savings and Loan Plan | Fundamental Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	494,000	907,000
Medina Savings and Loan Plan | Indexed Equity A
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	951,000	450,000
Medina Savings and Loan Plan | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	461,000	454,000
Medina Savings and Loan Plan | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	312,000	282,000
Medina Savings and Loan Plan | S&P Mid-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	450,000	393,000
Medina Savings and Loan Plan | Mid-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	308,000	280,000
Medina Savings and Loan Plan | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	371,000	341,000
Medina Savings and Loan Plan | Select Small-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	408,000	344,000
Medina Savings and Loan Plan | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	251,000	229,000
Medina Savings and Loan Plan | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	269,000
Medina Savings and Loan Plan | Premier Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	541,000
Medina Savings and Loan Plan | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	534,000
Medina Savings and Loan Plan | Western Strategic Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	544,000
Medina Savings and Loan Plan | U.S. Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets		256,000
Medina Savings and Loan Plan | Intermediate Duration
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets		508,000
Medina Savings and Loan Plan | Long Duration
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets		507,000
Medina Savings and Loan Plan | Money Market
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets		512,000
Medina Savings and Loan Plan | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	5,894,000	5,463,000
Medina Savings and Loan Plan | Level 2 | Fundamental Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	494,000	907,000
Medina Savings and Loan Plan | Level 2 | Indexed Equity A
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	951,000	450,000
Medina Savings and Loan Plan | Level 2 | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	461,000	454,000
Medina Savings and Loan Plan | Level 2 | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	312,000	282,000
Medina Savings and Loan Plan | Level 2 | S&P Mid-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	450,000	393,000
Medina Savings and Loan Plan | Level 2 | Mid-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	308,000	280,000
Medina Savings and Loan Plan | Level 2 | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	371,000	341,000
Medina Savings and Loan Plan | Level 2 | Select Small-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	408,000	344,000
Medina Savings and Loan Plan | Level 2 | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	251,000	229,000
Medina Savings and Loan Plan | Level 2 | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	269,000
Medina Savings and Loan Plan | Level 2 | Premier Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	541,000
Medina Savings and Loan Plan | Level 2 | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	534,000
Medina Savings and Loan Plan | Level 2 | Western Strategic Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	$ 544,000
Medina Savings and Loan Plan | Level 2 | U.S. Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets		256,000
Medina Savings and Loan Plan | Level 2 | Intermediate Duration
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets		508,000
Medina Savings and Loan Plan | Level 2 | Long Duration
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets		507,000
Medina Savings and Loan Plan | Level 2 | Money Market
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets		$ 512,000

Employee Benefit Plans - Defi_5

Employee Benefit Plans - Defined Benefit Plan - Determination of Long - Term Rate of Return (Details) - Defined Benefit Plan	12 Months Ended
	Dec. 31, 2020
Equities and fixed income securities
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long-term inflation rate	3.00%
Equities and fixed income securities | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected rate of return	6.00%
Equities and fixed income securities | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected rate of return	10.00%
Equity securities | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long-Term Rate of Return	5.00%
Equity securities | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long-Term Rate of Return	9.00%
Debt securities | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long-Term Rate of Return	2.00%
Debt securities | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long-Term Rate of Return	6.00%

Employee Benefit Plans - Employ

Employee Benefit Plans - Employee Stock Ownership Plan (Details) - Employee Stock Ownership Plan - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Jul. 10, 2006
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Total shares	6,221		93,315
Released shares	90,204	83,983
Unreleased shares	3,111	9,332
ESOP expense	$ 54,000	$ 67,000
Unearned shares	3,111
Unearned shares value	32,000
Fair value of shares	$ 940,000	$ 882,667
Fair value per share	$ 10.42	$ 10.51
Wall Street Journal prime lending rate
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Interest rate	3.25%

Employee Benefit Plans - Other

Employee Benefit Plans - Other Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Contribution Plan Disclosure [Line Items]
Stock held in rabbi trust	$ 290,000
Directors’ Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Stock held in rabbi trust	626,000
Unrealized gain on securities	38,000
Expense attributable to contributions made	26,000	$ 26,000
Supplemental Executive Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Stock held in rabbi trust	283,000
Fair value of the stock held in trust	283,000
Unrealized gain on securities	38,000
Expense attributable to contributions made	$ 39,000	$ 39,000

Regulatory Capital (Details)

Regulatory Capital (Details) $ in Thousands	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Actual amount
Common Equity Tier 1 Capital,	$ 31,942	$ 29,290
Total Capital (to Risk-Weighted Assets)	33,768	30,950
Tier 1 Capital* (to Risk-Weighted Assets)	31,942	29,290
Core Capital (to Total Adjusted Assets)	$ 31,942	$ 29,290
Actual Ratio
Common Equity Tier 1 Capital	12.18	12.46
Total Capital (to Risk-Weighted Assets)	12.88	13.17
Tier 1 Capital* (to Risk-Weighted Assets)	12.18	12.46
Core Capital (to Total Adjusted Assets)	8.72	8.27
Minimum For Capital Adequacy Purposes, Amount
Common Equity Tier 1 Capital,	$ 15,730	$ 14,104
Total Capital (to Risk-Weighted Assets)	20,974	18,805
Tier 1 Capital* (to Risk-Weighted Assets)	11,798	10,578
Core Capital (to Total Adjusted Assets)	$ 14,648	$ 14,158
Minimum For Capital Adequacy Purposes, Ratio
Common Equity Tier 1 Capital,	6	6
Total Capital (to Risk-Weighted Assets)	8	8
Tier 1 Capital* (to Risk-Weighted Assets)	4.50	4.50
Core Capital (to Total Adjusted Assets)	4	4
Minimum To Be Well- Capitalized Under Prompt Corrective Provisions Amount
Common Equity Tier 1 Capital,	$ 20,974	$ 18,805
Total Capital (to Risk-Weighted Assets)	26,217	23,507
Tier 1 Capital* (to Risk-Weighted Assets)	10,741	15,279
Core Capital (to Total Adjusted Assets)	$ 18,310	$ 17,698
Minimum To Be Well- Capitalized Under Prompt Corrective Provisions Ratio
Common Equity Tier 1 Capital,	8	8
Total Capital (to Risk-Weighted Assets)	10	10
Tier 1 Capital* (to Risk-Weighted Assets)	6.50	6.50
Core Capital (to Total Adjusted Assets)	5	5

Dividends and Restrictions - (D

Dividends and Restrictions - (Details)	Dec. 31, 2020USD ($)
Dividends and Restrictions
Amount of retained earnings legally available for payment of dividend	$ 1,622,000

Commitments and Contingencies -

Commitments and Contingencies - Credit Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies
Loan commitments with fixed interest rate	$ 4,600	$ 10,500
Loan commitments with variable interest rate	14,200	11,800
Commitments to grant loans
Commitments and Contingencies
Credit risk for financial instruments	4,009	4,847
Unfunded commitments under lines of credit
Commitments and Contingencies
Credit risk for financial instruments	$ 14,823	17,072
Standby letters of credit
Commitments and Contingencies
Credit risk for financial instruments		$ 400

Commitments and Contingencies_2

Commitments and Contingencies - Commitments to Originate (Details)	12 Months Ended	24 Months Ended
	Dec. 31, 2020USD ($)loancontract	Dec. 31, 2020USD ($)loancontract	Dec. 31, 2019USD ($)contract
Commitments and Contingencies
Outstanding principal balance	$ 285,640,000	$ 285,640,000	$ 259,620,000
MPF Program
Commitments and Contingencies
Penalties to be paid on failure to fulfill Commitment	$ 0
Number of open contracts | contract	0	0	0
Commitments to deliver loans	$ 0	$ 0	$ 0
Outstanding principal balance	12,100,000	12,100,000
Extension or pair-off fees paid		0
Recourse back to bank for loans sold	2,200,000	2,200,000
First loss account allocated to bank			$ 78,500
MPF Program, Inclusive of USDA Loans
Commitments and Contingencies
Outstanding principal balance	$ 68,600,000	$ 68,600,000
Number of loans | loan	4	4
MPF Program, Inclusive of USDA Loans | Financial Asset Past Due 30 Days or More
Commitments and Contingencies
Outstanding principal balance	$ 239,000	$ 239,000
USDA Mortgage Loans
Commitments and Contingencies
Number of loans | loan	1	1

Commitments and Contingencies_3

Commitments and Contingencies - Lease Commitments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies
Operating lease expense	$ 41,000	$ 45,000
Future minimum lease commitments
2021	46,000
2022	19,000
Total	$ 65,000
Option to extend	True

Concentrations of Credit Risk (

Concentrations of Credit Risk (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Concentration Risk [Line Items]
Cash not subject to FDIC limits	$ 21,491,000	$ 2,568,000
Outstanding PPP loans	285,640,000	$ 259,620,000
Paycheck Protection Program (PPP)
Concentration Risk [Line Items]
Loans outstanding modified	0
Originated PPP loans	10,000,000
Outstanding PPP loans	$ 4,900,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions
Beginning balance	$ 2,755	$ 2,224
Originations	408	1,334
Payments and change in status	(636)	(803)
Ending balance	2,527	2,755
Deposits
Related Party Transactions
Deposits owned by related parties	$ 1,600	$ 1,500

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contracts with Customers
Revenues	$ 2,335	$ 2,732
Service charges on deposit accounts
Revenue from Contracts with Customers
Revenues	588	730
Debit card interchange and surcharge income
Revenue from Contracts with Customers
Revenues	760	731
E-commerce income
Revenue from Contracts with Customers
Revenues	20	23
Investment services income
Revenue from Contracts with Customers
Revenues	88	284
Insurance commission and fees
Revenue from Contracts with Customers
Revenues	755	793
Loan servicing fees
Revenue from Contracts with Customers
Revenues	$ 124	$ 171

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Amounts Reclassified From AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) - Amounts Reclassified From AOCI
Tax effect	$ (104)	$ (155)
Retirement plan net losses recognized in net periodic pension cost	5,621	6,137
Amounts Reclassified From AOCI | Securities Available-for-Sale
Accumulated Other Comprehensive Income (Loss) - Amounts Reclassified From AOCI
Realized gain on sale of securities	(1,071)	274
Tax effect	225	(58)
Net income available-for-sale securities	(846)	216
Amounts Reclassified From AOCI | Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) - Amounts Reclassified From AOCI
Tax effect	(28)	(40)
Retirement plan net losses recognized in net periodic pension cost	135	191
Net loss defined benefit pension plan	$ 107	$ 151

Fair Value Disclosures - Carryi

Fair Value Disclosures - Carrying amount and estimated fair value (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financial assets:
Investment securities available-for-sale, at fair value	$ 17,926	$ 30,627
Securities held-to-maturity	1,510	2,110
Equity securities	661	2,579
Carrying Value
Financial assets:
Cash and cash equivalents	26,830	13,448
Investment securities available-for-sale, at fair value	17,926	30,627
Securities held-to-maturity	1,480	2,078
Equity securities	661	2,579
Loans receivable	285,640	259,620
Federal Home Loan Bank of New York stock	1,992	2,267
Accrued interest receivable	1,179	1,215
Financial liabilities:
Deposits	309,546	283,338
Long-term borrowings	27,628	31,448
Subordinated debt	1,235	735
Accrued interest payable	52	104
Fair Value
Financial assets:
Cash and cash equivalents	26,830	13,448
Investment securities available-for-sale, at fair value	17,926	30,627
Securities held-to-maturity	1,510	2,110
Equity securities	661	2,579
Loans receivable	280,887	262,929
Federal Home Loan Bank of New York stock	1,992	2,267
Accrued interest receivable	1,179	1,215
Financial liabilities:
Deposits	311,175	283,627
Long-term borrowings	30,053	32,874
Subordinated debt	1,235	735
Accrued interest payable	52	104
Level 1 | Fair Value
Financial assets:
Cash and cash equivalents	26,830	13,448
Equity securities	661	2,579
Accrued interest receivable	1,179	1,215
Financial liabilities:
Deposits	97,418	65,623
Accrued interest payable	52	104
Level 2 | Fair Value
Financial assets:
Investment securities available-for-sale, at fair value	14,752	28,115
Securities held-to-maturity	1,510	2,110
Federal Home Loan Bank of New York stock	1,992	2,267
Financial liabilities:
Long-term borrowings	30,053	32,874
Subordinated debt	1,235	735
Level 3 | Fair Value
Financial assets:
Investment securities available-for-sale, at fair value	3,174	2,512
Loans receivable	280,887	262,929
Financial liabilities:
Deposits	$ 213,757	$ 218,004

Fair Value Disclosures - Fair v

Fair Value Disclosures - Fair value on a recurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Securities available-for-sale:
Debt investment securities	$ 17,926	$ 30,627
Equity securities:
Equity investment securities, at fair value	661	2,579
Residential mortgage-backed - US agency and GSEs
Securities available-for-sale:
Debt investment securities	39	50
Large cap equity mutual fund
Equity securities:
Equity investment securities, at fair value	35	31
Other mutual funds
Equity securities:
Equity investment securities, at fair value	626	2,548
Fair Value, Recurring [Member]
Equity securities:
Investments, Fair Value Disclosure, Total	18,587	33,206
Fair Value, Recurring [Member] | Residential mortgage-backed - US agency and GSEs
Securities available-for-sale:
Debt investment securities	39	50
Fair Value, Recurring [Member] | Municipal Bonds
Securities available-for-sale:
Debt investment securities	17,887	30,577
Fair Value, Recurring [Member] | Large cap equity mutual fund
Equity securities:
Equity investment securities, at fair value	35	31
Fair Value, Recurring [Member] | Other mutual funds
Equity securities:
Equity investment securities, at fair value	626	2,548
Level 1 | Fair Value, Recurring [Member]
Equity securities:
Investments, Fair Value Disclosure, Total	661	2,579
Level 1 | Fair Value, Recurring [Member] | Large cap equity mutual fund
Equity securities:
Equity investment securities, at fair value	35	31
Level 1 | Fair Value, Recurring [Member] | Other mutual funds
Equity securities:
Equity investment securities, at fair value	626	2,548
Level 2 | Fair Value, Recurring [Member]
Equity securities:
Investments, Fair Value Disclosure, Total	14,752	28,115
Level 2 | Fair Value, Recurring [Member] | Residential mortgage-backed - US agency and GSEs
Securities available-for-sale:
Debt investment securities	39	50
Level 2 | Fair Value, Recurring [Member] | Municipal Bonds
Securities available-for-sale:
Debt investment securities	14,713	28,065
Level 3 | Fair Value, Recurring [Member]
Equity securities:
Investments, Fair Value Disclosure, Total	3,174	2,512
Level 3 | Fair Value, Recurring [Member] | Municipal Bonds
Securities available-for-sale:
Debt investment securities	$ 3,174	$ 2,512

Fair Value Disclosures - Change

Fair Value Disclosures - Changes in Level 3 assets measured at estimated fair value on a recurring basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Changes in Level 3 assets measured at estimated fair value on a recurring basis
Beginning balance	$ 2,512
Included in other comprehensive income	116
Purchases	2,007	$ 2,528
Principal payments	(1,461)	(16)
Ending balance	$ 3,174	$ 2,512

Fair Value Disclosures - Summar

Fair Value Disclosures - Summarize assets measured at fair value on a nonrecurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Summarize assets measured at fair value on a nonrecurring basis
Impaired loans	$ 6,152	$ 7,412
Foreclosed real estate & repossessed assets	45	70
Non - recurring
Summarize assets measured at fair value on a nonrecurring basis
Impaired loans	1,663	565
Foreclosed real estate & repossessed assets	45	70
Non - recurring | Level 3
Summarize assets measured at fair value on a nonrecurring basis
Impaired loans	1,663	565
Foreclosed real estate & repossessed assets	$ 45	$ 70

Fair Value Disclosures - Transf

Fair Value Disclosures - Transfers of assets in or out of any fair value measurement level (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value Disclosures
Transfers of assets, Level 1 to level 2	$ 0	$ 0
Transfers of assets, Level 2 to level 1	0	0
Transfers of assets in or out of level 3	$ 0	$ 0

Fair Value Disclosures - Quanti

Fair Value Disclosures - Quantitative information about Level 3 fair value measurements for assets (Details)	Dec. 31, 2020	Dec. 31, 2019
Appraisal of collateral | Maximum | Appraisal Adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate & repossessed assets	0.35	0.35
Appraisal of collateral | Maximum | Costs to Sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate & repossessed assets	0.15	0.15
Appraisal of collateral | Maximum | Changes in property condition
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate & repossessed assets	0.20	0.20
Appraisal of collateral | Maximum | Residential | 1-4 family residential | Appraisal Adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.35	0.35
Appraisal of collateral | Maximum | Residential | 1-4 family residential | Costs to Sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.15	0.15
Appraisal of collateral | Maximum | Commercial | Commercial real estate | Appraisal Adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.35	0.35
Appraisal of collateral | Maximum | Commercial | Commercial real estate | Costs to Sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.15	0.15
Appraisal of collateral | Maximum | Commercial | Commercial real estate | Changes in property condition
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.20	0.20
Appraisal of collateral | Minimum | Appraisal Adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate & repossessed assets	0.05	0.05
Appraisal of collateral | Minimum | Costs to Sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate & repossessed assets	0.05	0.05
Appraisal of collateral | Minimum | Changes in property condition
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate & repossessed assets	0.10	0.10
Appraisal of collateral | Minimum | Residential | 1-4 family residential | Appraisal Adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.05	0.05
Appraisal of collateral | Minimum | Residential | 1-4 family residential | Costs to Sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.05	0.05
Appraisal of collateral | Minimum | Commercial | Commercial real estate | Appraisal Adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.05	0.05
Appraisal of collateral | Minimum | Commercial | Commercial real estate | Costs to Sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.05	0.05
Appraisal of collateral | Minimum | Commercial | Commercial real estate | Changes in property condition
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.10	0.10
Appraisal of collateral | Weighted Average | Appraisal Adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate & repossessed assets	(0.25)	(0.25)
Appraisal of collateral | Weighted Average | Costs to Sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate & repossessed assets	(0.10)	(0.10)
Appraisal of collateral | Weighted Average | Changes in property condition
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate & repossessed assets	(0.15)	(0.15)
Appraisal of collateral | Weighted Average | Residential | 1-4 family residential | Appraisal Adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	(0.20)	(0.20)
Appraisal of collateral | Weighted Average | Residential | 1-4 family residential | Costs to Sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	(0.10)	(0.10)
Appraisal of collateral | Weighted Average | Commercial | Commercial real estate | Appraisal Adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	(0.25)	(0.25)
Appraisal of collateral | Weighted Average | Commercial | Commercial real estate | Costs to Sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	(0.10)	(0.10)
Appraisal of collateral | Weighted Average | Commercial | Commercial real estate | Changes in property condition
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	(0.15)	(0.15)
USDA Guarantee | Commercial and industrial | Other commercial and industrial | Government guaranteed portion
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.20	0.20
USDA Guarantee | Weighted Average | Commercial and industrial | Other commercial and industrial | Government guaranteed portion
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	(0.20)	(0.20)

Parent Company Only Financial_3

Parent Company Only Financial Information - Statements of Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ASSETS:
Cash and cash equivalents	$ 26,830	$ 13,448
Investment securities available-for-sale, at fair value	17,926	30,627
Other assets	2,381	1,854
Total assets	373,014	347,549
LIABILITIES AND SHAREHOLDERS' EQUITY:
Subordinated debt	1,235	735
Other liabilities	2,124	1,085
Shareholders' equity	29,886	28,231	$ 27,369
Total liabilities and shareholders' equity	373,014	347,549
Generations Bancorp NY, Inc.
ASSETS:
Cash and cash equivalents	113	172
Investment securities available-for-sale, at fair value	635	8
Investment in bank subsidiary	32,167	29,603
Note receivable - ESOP	41	120
Other assets	927
Total assets	33,883	29,903
LIABILITIES AND SHAREHOLDERS' EQUITY:
Due to Bank	1,851	582
Subordinated debt	1,235	735
Deferred tax liability	72	272
Other liabilities	839	83
Shareholders' equity	29,886	28,231
Total liabilities and shareholders' equity	$ 33,883	$ 29,903

Parent Company Only Financial_4

Parent Company Only Financial Information - Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Expenses
Interest expense	$ 2,925	$ 3,167
(Loss) income before income taxes	1,644	(68)
Benefit for income taxes	(104)	(155)
Loss before equity in undistributed net income (loss) of bank subsidiary	1,748	87
Net income (loss)	1,748	87
Generations Bancorp NY, Inc.
Income
Dividends from securities available-for-sale	6	1
Interest income		11
Other noninterest income	40	1
Total income	46	13
Expenses
Interest expense	84	81
Other expenses	251	99
Total expenses	335	180
(Loss) income before income taxes	(289)	(167)
Benefit for income taxes	(274)	(155)
Loss before equity in undistributed net income (loss) of bank subsidiary	(15)	(12)
Equity in undistributed net income (loss) of bank subsidiary	1,763	99
Net income (loss)	$ 1,748	$ 87

Parent Company Only Financial_5

Parent Company Only Financial Information - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
OPERATING ACTIVITIES
Net income (loss)	$ 1,748	$ 87
Net cash provided by operating activities	998	1,365
INVESTING ACTIVITIES
Proceeds from the sale of investment securities available-for-sale	18,906	259
Net cash used in investing activities	(10,400)	(25,785)
FINANCING ACTIVITIES
Advances from Sub-Debt	500
Infusion of capital into bank subsidiary	(63)
Net cash provided by financing activities	22,784	28,733
Net change in cash and cash equivalents	13,382	4,313
Cash and cash equivalents at beginning of period	13,448	9,135
Cash and cash equivalents at end of period	26,830	13,448
Generations Bancorp NY, Inc.
OPERATING ACTIVITIES
Net income (loss)	1,748	87
Equity in undistributed net income (loss) of bank subsidiary	(1,763)	(99)
Unrealized gain loss equity security	(39)
Net change in other assets	(927)	6
Net change in other liabilities	(322)	(182)
Net cash provided by operating activities	(1,303)	(188)
INVESTING ACTIVITIES
Capital Infusion in Subsidiary	(500)
Repayments received on ESOP note	79	76
Net cash used in investing activities	(421)	76
FINANCING ACTIVITIES
Net proceeds from (repayment of) advances on note payable	1,269	22
Treasury stock purchases	(41)	(41)
Advances from Sub-Debt	500
Infusion of capital into bank subsidiary	(63)
Net cash provided by financing activities	1,665	(19)
Net change in cash and cash equivalents	(59)	(131)
Cash and cash equivalents at beginning of period	172	303
Cash and cash equivalents at end of period	$ 113	$ 172

Segment Information (Details)

Segment Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)segment	Dec. 31, 2019USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	3
Net interest income	$ 10,491	$ 9,601
Provision for loan losses	480	360
Net interest income after provision for loan losses	10,011	9,241
Total noninterest income	3,960	3,548
Compensation and benefits	5,621	6,137
Other noninterest expense	(1,296)	(1,262)
(Loss) income before income taxes	1,644	(68)
Benefit for income taxes	(104)	(155)
Net income (loss)	1,748	87
Total assets	373,014	347,549
Operating segment
Segment Reporting Information [Line Items]
Net interest income	10,491	9,602
Provision for loan losses	480	360
Net interest income after provision for loan losses	10,011	9,242
Total noninterest income	3,960	3,547
Compensation and benefits	(5,621)	(6,137)
Other noninterest expense	(6,706)	(6,720)
(Loss) income before income taxes	1,644	(68)
Benefit for income taxes	(104)	(155)
Net income (loss)	1,748	87
Total assets	391,536	416,102
Operating segment | Community Banking Activities
Segment Reporting Information [Line Items]
Net interest income	10,011	9,553
Provision for loan losses	480	360
Net interest income after provision for loan losses	9,531	9,193
Total noninterest income	2,718	2,736
Compensation and benefits	(5,176)	(5,669)
Other noninterest expense	(6,418)	(6,412)
(Loss) income before income taxes	655	(152)
Benefit for income taxes	(112)	(155)
Net income (loss)	767	3
Total assets	373,198	367,707
Operating segment | Insurance Activities
Segment Reporting Information [Line Items]
Net interest income		21
Net interest income after provision for loan losses		21
Total noninterest income	762	811
Compensation and benefits	(389)	(412)
Other noninterest expense	(158)	(242)
(Loss) income before income taxes	215	178
Net income (loss)	215	178
Total assets	1,452	2,328
Operating segment | Municipal Banking Activities
Segment Reporting Information [Line Items]
Net interest income	480	28
Net interest income after provision for loan losses	480	28
Total noninterest income	480
Compensation and benefits	(56)	(56)
Other noninterest expense	(130)	(66)
(Loss) income before income taxes	774	(94)
Benefit for income taxes	8
Net income (loss)	766	(94)
Total assets	16,886	46,067
Elimination of intercompany balances
Segment Reporting Information [Line Items]
Total assets	$ (18,522)	$ (68,553)

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Events $ in Millions	Jan. 12, 2021USD ($)shares
Subsequent Event [Line Items]
Number of common stocks sold | shares	1,477,575
Gross offering proceeds from sale of stocks	$ 14.8
Net proceeds from issuance of stock	$ 13.3