Generations Bancorp NY (GBNY) 10-K 24 Mar 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Mar. 23, 2022	Jun. 30, 2021
Document and Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Entity File Number	001-39883
Entity Registrant Name	Generations Bancorp NY, Inc.
Entity Address, State or Province	MD
Entity Tax Identificatoin Number	85-3659943
Entity Address, Address Line One	20 East Bayard Street
Entity Address, City or Town	Seneca Falls
Entity Incorporation, State or Country Code	NY
Entity Address, Postal Zip Code	13148
City Area Code	315
Local Phone Number	568-5855
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			$ 21.8
Entity Common Stock, Shares Outstanding		2,458,401
Entity Central Index Key	0001823365
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	BKD, LLP
Auditor Firm ID	686
Auditor Location	Cincinnati, Ohio

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS:
Cash and due from banks	$ 4,051	$ 4,168
Interest earning deposits	16,946	22,662
Total cash and cash equivalents	20,997	26,830
Interest-bearing time deposits in banks	650
Investment securities available-for-sale, at fair value	36,975	17,926
Investment securities held-to-maturity (fair value 2021-$1,150, 2020-$1,510)	1,128	1,480
Equity investment securities, at fair value	350	661
Federal Home Loan Bank stock, at cost	1,450	1,992
Loans	279,961	287,461
Less: Allowance for loan losses	(1,841)	(1,821)
Loans receivable, net	278,120	285,640
Premises and equipment, net	15,345	16,743
Bank-owned life insurance	7,890	7,777
Pension plan asset	11,107	8,720
Foreclosed real estate & repossessed assets	27	45
Goodwill	792	792
Intangible assets, net	783	848
Accrued interest receivable	1,249	1,179
Other assets	2,086	3,167
Total assets	378,949	373,800
Deposits:
Noninterest-bearing	57,540	65,673
Interest-bearing	254,509	243,873
Total deposits	312,049	309,546
Long-term borrowings	17,760	27,628
Subordinated debt		1,235
Advances from borrowers for taxes and insurance	2,443	2,595
Deferred tax liability	1,118	786
Other liabilities	2,100	2,124
Total liabilities	335,470	343,914
Shareholders' equity:
Preferred stock, par value $0.01; 1,000,000 shares authorized; none issued
Common stock, par value $0.01; 14,000,000 and 9,000,000 shares authorized in 2021 and 2020, respectively; 2,458,401 and 2,546,836(1) shares issued in 2021 and 2020, respectively; and 2,458,401 and 2,458,580(1) shares outstanding in 2021 and 2020 respectively	26	26
Additional paid in capital	24,494	11,954
Retained earnings	21,669	20,256
Accumulated other comprehensive loss	(966)	(1,415)
Treasury stock, at cost; 88,256 shares in 2020(1)		(614)
Stock held in rabbi trust	(654)	(290)
Unearned ESOP shares, at cost	(1,090)	(31)
Total shareholders' equity	43,479	29,886
Total liabilities and shareholders' equity	$ 378,949	$ 373,800

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) $ in Thousands	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares
Consolidated Statements of Financial Condition
Investment securities held-to-maturity, fair value | $	$ 1,150	$ 1,510
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 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 | $ / shares	$ 0.01	$ 0.01
Common Stock, Shares Authorized	14,000,000	9,000,000
Common Stock, Shares, Issued	2,458,401	2,546,836
Common Stock, Shares, Outstanding	2,458,401	2,458,580
Exchange ratio of shares	0.9980

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Interest and dividend income:
Loans, including fees	$ 12,576	$ 12,390
Debt and equity securities:
Taxable	519	72
Tax-exempt	404	809
Interest-earning deposits	23	14
Other	81	131
Total interest income	13,603	13,416
Interest expense:
Deposits	1,260	2,260
Short-term borrowings		3
Long-term borrowings	415	591
Subordinated debt	9	71
Total interest expense	1,684	2,925
Net interest income	11,919	10,491
Provision for loan losses	540	480
Net interest income after provision for loan losses	11,379	10,011
Noninterest income:
Banking fees and service charges	1,579	1,480
Mortgage banking income, net	57	47
Insurance commissions	722	755
Investment services commissions		88
Earnings on bank-owned life insurance	113	134
Change in fair value on equity securities	27	(113)
Net gain on sale of securities	10	1,100
Other charges, commissions & fees	218	469
Total noninterest income	2,726	3,960
Noninterest expense:
Compensation and benefits	5,299	5,621
Occupancy and equipment	2,087	2,076
Impairment of long-lived asset	300
Service charges	2,035	1,957
Regulatory assessments	299	313
Professional and other services	643	646
Advertising	433	418
Other expenses	1,313	1,296
Total noninterest expenses	12,409	12,327
Income before income tax expense (benefit)	1,696	1,644
Income tax expense (benefit)	283	(104)
Net income	1,413	1,748
Net income available to common shareholders	$ 1,413	$ 1,748
Basic earnings per common share	$ 0.60	$ 0.71
Diluted earnings per common share	$ 0.60	$ 0.71

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Consolidated Statements of Comprehensive Income
Net income	$ 1,413	$ 1,748
Unrealized gains (losses) on securities available-for-sale:
Unrealized holding gains (losses) arising during the period	(634)	1,153
Reclassification adjustment for net gains included in net income	(10)	(1,071)
Net unrealized gains (losses) on securities available-for-sale	(644)	82
Defined benefit pension plan:
Net gains arising during the period	1,098	96
Reclassification of amortization of net losses recognized in net pension expense	114	135
Net change in defined benefit pension plan asset	1,212	231
Other comprehensive income, before tax	568	313
Tax effect	(119)	(66)
Other comprehensive income, net of tax	449	247
Total comprehensive income	$ 1,862	$ 1,995

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 Income (Loss)	Treasury Stock	Unearned ESOP Share	Stock Held by Rabbi Trust	Total
Beginning balance at Dec. 31, 2019	$ 26	$ 11,962	$ 18,571	$ (1,662)	$ (573)	$ (93)		$ 28,231
Increase (decrease) in stockholders' equity
Net income			1,748					1,748
Other comprehensive income				247				247
Purchase of common stock for SERPs							$ (290)	(290)
Repurchase of common stock					(41)			(41)
ESOP shares committed to be released		(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
Increase (decrease) in stockholders' equity
Net income			1,413					1,413
Proceeds from issuance of 1,477,575 shares of commons stock (which included 109,450 shares related to the ESOP), net of the offering cost of $1.65 million		13,151				(1,104)		12,047
Treasury Stock retired		(614)			$ 614
Other comprehensive income				449				449
Purchase of common stock for SERPs							(14)	(14)
Purchase of common stock for Directors Retirement Plan							350	350
ESOP shares committed to be released		3				45		48
Ending balance at Dec. 31, 2021	$ 26	$ 24,494	$ 21,669	$ (966)		$ (1,090)	$ (654)	$ 43,479

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)shares
Number of common stocks sold	1,477,575
Offering cost | $	$ 1,650
Seneca-Cayuga Bancorp, Inc. (the "Holding Company")
Number of common stocks sold	109,450

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net income	$ 1,413	$ 1,748
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	540	480
Deferred income tax expense (benefit)	184	662
Realized gains on sales of:
Premises and equipment	(59)
Available-for-sale investment securities	(10)	(1,071)
Equity securities		(29)
Write-down of premises and equipment to fair value		25
Impairment of long-lived asset	300
Write-down of other real estate owned to fair value		30
Change in fair value on equity securities	(27)	113
Depreciation	1,027	1,051
Amortization of intangible asset	65	65
Amortization of fair value adjustment to purchased loan portfolio	(69)	(69)
ESOP expense	48	54
Amortization of deferred loan costs	89	151
Earnings on bank-owned life insurance	(113)	(134)
Change in pension plan assets	(1,175)	(884)
Net amortization of premiums and discounts on investment securities	324	(18)
Net change in accrued interest receivable	(70)	36
Net change in other assets and liabilities	935	(1,212)
Net cash provided (used) by operating activities	3,402	998
INVESTING ACTIVITIES
Purchased of Bank-Owned Life insurance		(750)
Purchase of equity investment securities		(1)
Purchase of investment securities available-for-sale	(27,122)	(6,876)
Net change in interest-bearing deposits	(650)
Net proceeds from the redemption of Federal Home Loan Bank stock	542	275
Proceeds from maturities and principal reductions of:
Available-for-sale investment securities	2,972	1,851
Held-to-maturity investment securities	346	590
Proceeds from sale of:
Available-for-sale investment securities	4,149	18,906
Equity investment securities		2,423
Real estate and repossessed assets acquired	105	110
Premises and equipment	555
Net change in loans	6,873	(26,697)
Purchase of premises and equipment	(425)	(231)
Net cash used in investing activities	(12,655)	(10,400)
FINANCING ACTIVITIES
Net change in demand deposits, savings accounts, and money market accounts	10,255	50,275
Net change in time deposits	(7,752)	(24,067)
Payments on long-term borrowings	(9,868)	(9,820)
Proceeds (Repayment) from subordinated debt offering	(1,235)	500
Proceeds from long-term borrowings		6,000
Captial infusion of MHC Merger		(63)
Purchase of common stock for directors retirement plan	(13)
Purchase of common stock of SERP	(14)
Net proceeds from stock offering and conversion	13,151
Purchase of common stock for ESOP	(1,104)
Repurchase of common stock		(41)
Net cash provided by financing activities	3,420	22,784
Net change in cash and cash equivalents	(5,833)	13,382
Cash and cash equivalents at beginning of period	26,830	13,448
Cash and cash equivalents at end of period	20,997	26,830
Supplemental Cash Flows Information
Interest	1,700	2,997
Transfer of loans to foreclosed real estate	$ 87	$ 115

Organization and Nature of Oper

Organization and Nature of Operations	12 Months Ended
	Dec. 31, 2021
Organization and Nature of Operations
Organization and Nature of Operations	1. Organization and Nature of Operations Generations Bancorp NY, Inc. (“Generations Bancorp”) is a Maryland corporation that was organized in August 2020 as part of the Seneca-Cayuga Bancorp, Inc. (“Seneca-Cayuga”) conversion from the mutual holding company structure to a fully public stock holding company structure. Prior to the conversion, Generations Bank was the wholly-owned subsidiary of Seneca-Cayuga, and The Seneca Falls Savings Bank, MHC (“MHC”) owned 60.1% of Seneca-Cayuga’s common stock. On January 13, 2021, Generations Bancorp sold 1,477,575 of its common stock in a stock offering, (which included 109,450 shares issued to the ESOP) representing the ownership interest of the MHC for gross proceeds of $14.8 million and net proceeds of $13.2 million. The exchange ratio of previously held shares by public shareholders (i.e., shareholders other than the MHC) of Seneca-Cayuga was 0.9980 as applied in the conversion offering. References herein to the “Company” include Generations Bancorp subsequent to the completion of the conversion and Seneca-Cayuga prior to the completion of the conversion. Generations Bank (the “Bank”) is a federal savings bank headquartered in Seneca Falls, New York. We were organized in 1870 and have operated continuously since that time in the northern Finger Lakes Region of New York State which is located in the central to northwestern portion of New York State. Generations Commercial Bank (the “Commercial Bank”) is 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 and is a wholly owned subsidiary of the Bank. 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, and Medina, 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. 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, 2021
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 income (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 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: · · · · · 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 54% of the portfolio in 2021 and 61% in 2020. 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 agings, 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. As of December 31, 2021 the outstanding balance of the direct sub-prime automobile program was $0. On March 27, 2020, the President of the United States 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. GAAP. Section 4013 of the CARES Act allows financial institutions to suspend application of certain TDR accounting guidance for loan and lease modifications related to the 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 of the CARES Act was amended on December 27, 2020 to extend 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 chose 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 loan 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 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 is 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 annually with interest over twenty-five years The Bank has a defined contribution plan under section 401(k) of the Internal Revenue Code. This plan covers all Bank employees with at least twelve months of service. The Bank’s contributions to this plan are discretionary and begin after one year of service. Employee contributions are voluntary. Employees vest immediately in their own contributions, and vest in the Bank’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 of 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Foreclosed real estate ​ $ 27 ​ $ 45 Repossessed assets ​ — ​ — ​ ​ $ 27 ​ $ 45 ​ 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 and repossessed assets, are charged to other noninterest expenses and were approximately $7,000 and $40,000 for years ended 2021 and 2020, respectively. At December 31, 2021 there were 12 one- to four-family residential mortgage loans and two home equity loans in the process of foreclosure for a total of 783,000. 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. 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, 2021 and 2020, 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, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ ​ Unrealized gains on securities available-for-sale: ​ ​ Unrealized holding (gains) losses arising during the period ​ $ 133 ​ $ (242) Reclassification adjustment for net gains included in net income ​ 2 ​ 225 Net unrealized gains on securities available-for-sale ​ 135 ​ (17) Defined benefit pension plan: ​ ​ Net plan gains arising during the period ​ (231) ​ (20) Reclassification of amortization of net losses and prior service credit recognized in net pension expense ​ (23) ​ (29) Net change in defined benefit pension plan asset ​ (254) ​ (49) ​ ​ $ (119) ​ $ (66) ​ 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 ​ ​ on Securities ​ Benefit ​ Comprehensive (In thousands) Available-for-Sale Pension Plan Loss ​ ​ ​ Balance, January 1, 2021 ​ $ 723 ​ $ (2,138) ​ $ (1,415) Other comprehensive (income) loss before reclassifications ​ (500) ​ 867 ​ 367 Amounts reclassified from AOCI to the income statement ​ (8) ​ 90 ​ 82 Net current-period other comprehensive income (loss) ​ (508) ​ 957 ​ 449 Balance, December 31, 2021 ​ $ 215 ​ $ (1,181) ​ $ (966) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2020 ​ $ 658 ​ $ (2,320) ​ $ (1,662) Other comprehensive income 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) ​ ​ ​ 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 2,352,000 and 2,453,000 (1) r. Recently Adopted and Recently Issued Accounting Pronouncements 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 are not 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 secur

Balances at Other Banks

Balances at Other Banks	12 Months Ended
	Dec. 31, 2021
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, 2021, and 2020, the Bank did not have a reserve requirement. ​

Securities

Securities	12 Months Ended
	Dec. 31, 2021
Securities
Securities	4. Securities Investments in securities available-for-sale, held-to-maturity, and equity are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (in thousands) Cost Gains Losses Value Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed - US agency and GSEs ​ $ 33 ​ $ 1 ​ $ (1) ​ $ 33 Corporate bonds ​ ​ 18,589 ​ ​ 266 ​ ​ (812) ​ ​ 18,043 State and political subdivisions ​ 18,081 ​ 887 ​ (69) ​ 18,899 Total securities available-for-sale ​ $ 36,703 ​ $ 1,154 ​ $ (882) ​ $ 36,975 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held-to-maturity: ​ ​ ​ ​ Residential mortgage-backed - US agency and GSEs ​ $ 1,128 ​ $ 25 ​ $ (3) ​ $ 1,150 Total securities held-to-maturity ​ $ 1,128 ​ $ 25 ​ $ (3) ​ $ 1,150 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities: ​ ​ ​ ​ Large cap equity mutual fund ​ $ 45 ​ ​ ​ $ 45 Other mutual funds ​ 305 ​ ​ ​ 305 Total of equity securities ​ $ 350 ​ ​ ​ $ 350 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ 917 ​ (1) ​ 17,887 Total securities available-for-sale ​ $ 17,010 ​ $ 918 ​ $ (2) ​ $ 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 ​ 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ 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 ​ $ — ​ $ — ​ $ 23 ​ $ (1) ​ $ 23 ​ $ (1) Corporate bonds ​ ​ 9,925 ​ ​ (812) ​ ​ — ​ ​ — ​ ​ 9,925 ​ ​ (812) State and political subdivisions ​ 4,774 ​ (69) ​ — ​ — ​ 4,774 ​ (69) Total securities available-for-sale ​ $ 14,699 ​ $ (881) ​ $ 23 ​ $ (1) ​ $ 14,722 ​ $ (882) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ Residential mortgage-backed - US agency and GSEs ​ $ — ​ $ — ​ $ 156 ​ $ (3) ​ $ 156 ​ $ (3) Total securities held-to-maturity ​ $ — ​ $ — ​ $ 156 ​ $ (3) ​ $ 156 ​ $ (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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) State and political subdivisions ​ 1,066 ​ (1) ​ — ​ — ​ 1,066 ​ (1) Total securities available-for-sale ​ $ 1,090 ​ $ (2) ​ $ 2 ​ $ — ​ $ 1,092 ​ $ (2) 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) ​ ​ ​ ​ ​ ​ ​ ​ 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, 2021. 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 are 24 bond issues held by the Company that have an unrealized loss at December 31, 2021. The bonds are issued by well-established municipalities and corporate entities with semi-annual interest payments. All interest payments have historically been made timely. The value of the bonds held is closely correlated with long-term rates, and as interest rates increase, the bond values decrease. We anticipate full recovery of our investment over time and have no plans to sell the securities in the near term. 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. No OTTI is deemed present on these securities. The following is a summary of the amortized cost and estimated fair values of debt securities at December 31, 2021 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ 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 ​ $ 951 ​ $ 955 ​ $ — ​ $ — Due over one year through five years ​ 1,738 ​ 1,756 ​ — ​ — Due over five through ten years ​ 5,912 ​ 5,904 ​ — ​ — Due after ten years ​ 28,069 ​ 28,327 ​ — ​ — ​ ​ 36,670 ​ 36,942 ​ — ​ — Residential mortgage-backed securities ​ 33 ​ 33 ​ 1,128 ​ 1,150 Total ​ $ 36,703 ​ $ 36,975 ​ $ 1,128 ​ $ 1,150 ​ Gross realized gains on sales and redemptions of securities for the years ended December 31 are detailed below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ Realized gains ​ $ 10 ​ $ 1,100 ​ ​ $ 10 ​ $ 1,100 ​ Gains and losses on the sales of securities are recognized in income when sold, using the specific identification method, on a trade date basis. Securities with a fair value of $8,775,255, and $6,969,058 were pledged to collateralize certain deposit arrangements at December 31, 2021 and 2020.

Loans Receivable

Loans Receivable	12 Months Ended
	Dec. 31, 2021
Loans Receivable
Loans Receivable	5. Loans Receivable Major classifications of loans are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ Originated Loans: ​ ​ Residential mortgages: ​ ​ One- to four-family ​ $ 102,766 ​ $ 113,254 ​ ​ 102,766 ​ 113,254 Commercial loans: ​ ​ Real estate - nonresidential ​ 19,734 ​ 22,812 Multi-family ​ 456 ​ 5,125 Commercial business ​ 12,366 ​ 20,178 ​ ​ 32,556 ​ 48,115 Consumer: ​ ​ Home equity and junior liens ​ 8,840 ​ 9,981 Manufactured homes ​ 47,717 ​ 44,347 Automobile ​ 22,666 ​ 21,469 Student ​ 2,096 ​ 2,259 Recreational vehicle ​ ​ 29,463 ​ ​ 14,557 Other consumer ​ 5,408 ​ 4,081 ​ ​ 116,190 ​ 96,694 Total originated loans ​ 251,512 ​ 258,063 Net deferred loan costs ​ 15,650 ​ 11,854 Less allowance for loan losses ​ (1,841) ​ (1,821) Net originated loans ​ $ 265,321 ​ $ 268,096 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Acquired Loans: ​ ​ ​ ​ Residential mortgages: ​ ​ One- to four-family ​ $ 10,295 ​ $ 14,102 ​ ​ 10,295 ​ 14,102 Commercial loans: ​ ​ Real estate - nonresidential ​ 1,744 ​ 1,942 Commercial business ​ 162 ​ 327 ​ ​ 1,906 ​ 2,269 Consumer: ​ ​ Home equity and junior liens ​ 861 ​ 1,406 Other consumer ​ 84 ​ 190 ​ ​ 945 ​ 1,596 Total acquired loans ​ 13,146 ​ 17,967 Net deferred loan costs ​ (60) ​ (67) Fair value credit and yield adjustment ​ (287) ​ (356) Net acquired loans ​ $ 12,799 ​ $ 17,544 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Total Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ One- to four-family ​ $ 113,061 ​ $ 127,356 ​ ​ 113,061 ​ 127,356 Commercial loans: ​ ​ Real estate - nonresidential ​ 21,478 ​ 24,754 Multi-family ​ 456 ​ 5,125 Commercial business ​ 12,528 ​ 20,505 ​ ​ 34,462 ​ 50,384 Consumer: ​ ​ Home equity and junior liens ​ 9,701 ​ 11,387 Manufactured homes ​ 47,717 ​ 44,347 Automobile ​ 22,666 ​ 21,469 Student ​ 2,096 ​ 2,259 Recreational vehicle ​ ​ 29,463 ​ ​ 14,557 Other consumer ​ 5,492 ​ 4,271 ​ ​ 117,135 ​ 98,290 Total Loans ​ 264,658 ​ 276,030 Net deferred loan costs ​ 15,590 ​ 11,787 Fair value credit and yield adjustment ​ (287) ​ (356) Less allowance for loan losses ​ (1,841) ​ (1,821) Loans receivable, net ​ $ 278,120 ​ $ 285,640 ​ The Company primarily grants residential mortgage, commercial, and consumer loans to customers throughout the Finger Lakes region of New York State, which includes parts of Cayuga, Seneca, 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 the Northeastern United States, are purchased regularly from a Connecticut based company. In 2019, the Company also began to purchase modular home loans originated throughout the United States from a company who then services the loans. In 2020, the Company began to purchase automobile and recreational vehicle loans originated in New York State. The commercial business category includes Paycheck Protection Program ("PPP") loans that were authorized under 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 from eight up to 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 originated by the Company have a maturity of two or five 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Pass Mention Substandard Doubtful Total Originated Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ ​ One- to four-family ​ $ 99,294 ​ $ 1,110 ​ $ 2,362 ​ $ — ​ $ 102,766 ​ ​ 99,294 ​ 1,110 ​ 2,362 ​ — ​ 102,766 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ 14,464 ​ 3,045 ​ 2,225 ​ — ​ 19,734 Multi-family ​ 456 ​ — ​ — ​ — ​ 456 Commercial business ​ 10,256 ​ 1,112 ​ 998 ​ — ​ 12,366 ​ ​ 25,176 ​ 4,157 ​ 3,223 ​ — ​ 32,556 Consumer: ​ ​ ​ ​ ​ Home equity and junior liens ​ 8,753 ​ 41 ​ 46 ​ — ​ 8,840 Manufactured homes ​ 47,717 ​ — ​ — ​ — ​ 47,717 Automobile ​ 22,558 ​ 64 ​ 44 ​ — ​ 22,666 Student ​ 2,096 ​ — ​ — ​ — ​ 2,096 Recreational vehicle ​ ​ 29,424 ​ ​ 39 ​ ​ — ​ ​ — ​ ​ 29,463 Other consumer ​ 5,376 ​ 32 ​ — ​ — ​ 5,408 ​ ​ 115,924 ​ 176 ​ 90 ​ — ​ 116,190 Total originated loans ​ $ 240,394 ​ $ 5,443 ​ $ 5,675 ​ $ — ​ $ 251,512 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Pass Mention Substandard Doubtful Total Acquired Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ ​ One- to four-family ​ $ 10,038 ​ $ 42 ​ $ 215 ​ $ — ​ $ 10,295 ​ ​ 10,038 ​ 42 ​ 215 ​ — ​ 10,295 Commercial loans: ​ ​ ​ ​ ​ Real estate - nonresidential ​ 1,744 ​ — ​ — ​ — ​ 1,744 Commercial business ​ 162 ​ — ​ — ​ — ​ 162 ​ ​ 1,906 ​ — ​ — ​ — ​ 1,906 Consumer: ​ ​ ​ ​ ​ Home equity and junior liens ​ 841 ​ — ​ 20 ​ — ​ 861 Other consumer ​ 84 ​ — ​ — ​ — ​ 84 ​ ​ 925 ​ — ​ 20 ​ — ​ 945 Total acquired loans ​ $ 12,869 ​ $ 42 ​ $ 235 ​ $ — ​ $ 13,146 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Pass Mention Substandard Doubtful Total Total Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ ​ One- to four-family ​ $ 109,332 ​ $ 1,152 ​ $ 2,577 ​ $ — ​ $ 113,061 ​ ​ 109,332 ​ 1,152 ​ 2,577 ​ — ​ 113,061 Commercial loans: ​ ​ ​ ​ ​ Real estate - nonresidential ​ 16,208 ​ 3,045 ​ 2,225 ​ — ​ 21,478 Multi-family ​ 456 ​ — ​ — ​ — ​ 456 Commercial business ​ 10,418 ​ 1,112 ​ 998 ​ — ​ 12,528 ​ ​ 27,082 ​ 4,157 ​ 3,223 ​ — ​ 34,462 Consumer: ​ ​ ​ ​ ​ Home equity and junior liens ​ 9,594 ​ 41 ​ 66 ​ — ​ 9,701 Manufactured homes ​ 47,717 ​ — ​ — ​ — ​ 47,717 Automobile ​ 22,558 ​ 64 ​ 44 ​ — ​ 22,666 Student ​ 2,096 ​ — ​ — ​ — ​ 2,096 Recreational vehicle ​ ​ 29,424 ​ ​ 39 ​ ​ — ​ ​ — ​ ​ 29,463 Other consumer ​ 5,460 ​ 32 ​ — ​ — ​ 5,492 ​ ​ 116,849 ​ 176 ​ 110 ​ — ​ 117,135 Total loans ​ $ 253,263 ​ $ 5,485 ​ $ 5,910 ​ $ — ​ $ 264,658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ ​ 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 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Pass Mention Substandard Doubtful Total Total Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ ​ One- to four-family ​ $ 123,421 ​ $ 690 ​ $ 3,245 ​ $ — ​ $ 127,356 ​ ​ 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 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 ​ 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. 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 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 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 allowance for loan losses until prior charge-offs have been fully recovered. An age analysis of past due loans, segregated by class of loans are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 3,137 ​ $ 757 ​ $ 2,362 ​ $ 6,256 ​ $ 96,510 ​ $ 102,766 ​ ​ 3,137 ​ 757 ​ 2,362 ​ 6,256 ​ 96,510 ​ 102,766 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ 389 ​ — ​ 416 ​ 805 ​ 18,929 ​ 19,734 Multi-family ​ — ​ — ​ — ​ — ​ 456 ​ 456 Commercial business ​ — ​ 8 ​ 161 ​ 169 ​ 12,197 ​ 12,366 ​ ​ 389 ​ 8 ​ 577 ​ 974 ​ 31,582 ​ 32,556 Consumer loans: ​ ​ ​ ​ ​ ​ Home equity and junior liens ​ 149 ​ 31 ​ 46 ​ 226 ​ 8,614 ​ 8,840 Manufactured homes ​ 922 ​ 615 ​ — ​ 1,537 ​ 46,180 ​ 47,717 Automobile ​ 168 ​ 64 ​ 44 ​ 276 ​ 22,390 ​ 22,666 Student ​ 95 ​ — ​ — ​ 95 ​ 2,001 ​ 2,096 Recreational vehicle ​ ​ 605 ​ ​ 39 ​ ​ — ​ ​ 644 ​ ​ 28,819 ​ ​ 29,463 Other consumer ​ 75 ​ 32 ​ — ​ 107 ​ 5,301 ​ 5,408 ​ ​ 2,014 ​ 781 ​ 90 ​ 2,885 ​ 113,305 ​ 116,190 Total originated loans ​ $ 5,540 ​ $ 1,546 ​ $ 3,029 ​ $ 10,115 ​ $ 241,397 ​ $ 251,512 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 318 ​ $ 68 ​ $ 215 ​ $ 601 ​ $ 9,694 ​ $ 10,295 ​ ​ 318 ​ 68 ​ 215 ​ 601 ​ 9,694 ​ 10,295 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ — ​ — ​ — ​ — ​ 1,744 ​ 1,744 Commercial business ​ 27 ​ — ​ — ​ 27 ​ 135 ​ 162 ​ ​ 27 ​ — ​ — ​ 27 ​ 1,879 ​ 1,906 Consumer loans: ​ ​ ​ ​ ​ ​ Home equity and junior liens ​ — ​ — ​ 20 ​ 20 ​ 841 ​ 861 Other consumer ​ — ​ — ​ — ​ — ​ 84 ​ 84 ​ ​ — ​ — ​ 20 ​ 20 ​ 925 ​ 945 Total acquired loans ​ $ 345 ​ $ 68 ​ $ 235 ​ $ 648 ​ $ 12,498 ​ $ 13,146 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 3,455 ​ $ 825 ​ $ 2,577 ​ $ 6,857 ​ $ 106,204 ​ $ 113,061 ​ ​ 3,455 ​ 825 ​ 2,577 ​ 6,857 ​ 106,204 ​ 113,061 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ 389 ​ — ​ 416 ​ 805 ​ 20,673 ​ 21,478 Multi-family ​ — ​ — ​ — ​ — ​ 456 ​ 456 Commercial business ​ 27 ​ 8 ​ 161 ​ 196 ​ 12,332 ​ 12,528 ​ ​ 416 ​ 8 ​ 577 ​ 1,001 ​ 33,461 ​ 34,462 Consumer loans: ​ ​ ​ ​ ​ ​ Home equity and junior liens ​ 149 ​ 31 ​ 66 ​ 246 ​ 9,455 ​ 9,701 Manufactured homes ​ 922 ​ 615 ​ — ​ 1,537 ​ 46,180 ​ 47,717 Automobile ​ 168 ​ 64 ​ 44 ​ 276 ​ 22,390 ​ 22,666 Student ​ 95 ​ — ​ — ​ 95 ​ 2,001 ​ 2,096 Recreational vehicle ​ ​ 605 ​ ​ 39 ​ ​ — ​ ​ 644 ​ ​ 28,819 ​ ​ 29,463 Other consumer ​ 75 ​ 32 ​ — ​ 107 ​ 5,385 ​ 5,492 ​ ​ 2,014 ​ 781 ​ 110 ​ 2,905 ​ 114,230 ​ 117,135 Total loans ​ $ 5,885 ​ $ 1,614 ​ $ 3,264 ​ $ 10,763 ​ $ 253,895 ​ $ 264,658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ ​ 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 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 Acquired Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans: ​ ​ ​ ​ ​ ​ One- to four-family ​ $ 223 ​ $ 48 ​ $ 370 ​ $ 641 ​ $ 13,461 ​ $ 14,102 ​ ​ 223 ​ 48 ​ 370 ​ 641 ​ 13,461 ​ 14,102 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ — ​ — ​ — ​ — ​ 1,942 ​ 1,942 Commercial business ​ — ​ 15 ​ — ​ 15 ​ 312 ​ 327 Other commercial and industrial ​ — ​ 15 ​ — ​ 15 ​ 2,254 ​ 2,269 ​ ​ ​ ​ ​ ​ ​ Consumer loans: ​ 46 ​ 6 ​ 44 ​ 96 ​ 1,310 ​ 1,406 Home equity and junior liens ​ — ​ — ​ 2 ​ 2 ​ 188 ​ 190 Other consumer ​ 46 ​ 6 ​ 46 ​ 98 ​ 1,498 ​ 1,596 ​ ​ $ 269 ​ $ 69 ​ $ 416 ​ $ 754 ​ $ 17,213 ​ $ 17,967 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 Total Loans: ​ ​ ​ ​ ​ ​ Residential mortgage loans: ​ ​ ​ ​ ​ ​ One- to four-family ​ $ 2,568 ​ $ 739 ​ $ 3,245 ​ $ 6,552 ​ $ 120,804 ​ $ 127,356 ​ ​ 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 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 ​ Non-accrual loans, segregated by class of loan, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans: ​ ​ ​ ​ ​ One- to four-family ​ $ 2,577 ​ $ 3,245 ​ Construction ​ — ​ — ​ ​ ​ 2,577 ​ 3,245 ​ Commercial loans: ​ ​ ​ Real estate - nonresidential ​ 416 ​ 1,103 ​ Multi-family ​ — ​ 42 ​ Commercial business ​ 161 ​ 688 ​ ​ ​ 577 ​ 1,833 ​ Consumer loans: ​ ​ ​ Home equity and junior liens ​ 66 ​ 102 ​ Manufactured homes ​ — ​ 75 ​ Automobile ​ 44 ​ 33 ​ Other consumer ​ — ​ 31 ​ ​ ​ 110 ​ 241 ​ Total non-accrual loans ​ $ 3,264 ​ $ 5,319 ​ ​ There were no loans past due more than ninety days and still accruing interest at December 31, 2021 and 2020. 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. At December 31, 2021, the Company had 15 TDR loans, with an outstanding balance of $3.0 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. There are no TDRs in non-accrual status due to delinquency greater than 90 days. All of the TDR loans continue to accrue interest. At December 31, 2020, the Company had nine loans with an outstanding balance of $2.5 million in the portfolio. Impaired Loans 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 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. The following table summarizes impaired loans information by portfolio class: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (In thousands) Investment Balance Allowance ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ One- to four-family residential mortgages ​ $ 2,352 ​ $ 2,423 ​ $ — Commercial real estate - nonresidential ​ 416 ​ 516 ​ — Commercial business ​ 73 ​ 73 ​ — Home equity and junior liens ​ 67 ​ 67 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ One- to four-family residential mortgages ​ 224 ​ 224 ​ 7 Commercial business ​ 55 ​ 55 ​ 12 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ One- to four-family residential mortgages ​ 2,576 ​ 2,647 ​ 7 Commercial real estate - nonresidential ​ 416 ​ 516 ​ — Commercial business ​ 128 ​ 128 ​ 12 Home equity and junior liens ​ 67 ​ 67 ​ — ​ ​ $ 3,187 ​ $ 3,358 ​ $ 19 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ $ — Commercial real estate - nonresidential ​ 1,198 ​ 1,548 ​ — Commercial business ​ 782 ​ 782 ​ — Home equity and junior liens ​ 109 ​ 109 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ One- to four-family residential mortgages ​ 429 ​ 429 ​ 21 Multi-family ​ 42 ​ 42 ​ 7 Commercial business ​ 713 ​ 713 ​ 265 Automobile ​ 41 ​ 41 ​ 10 Other consumer ​ 2 ​ 2 ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ One- to four-family residential mortgages ​ 3,265 ​ 3,366 ​ 21 Commercial real estate - nonresidential ​ 1,198 ​ 1,548 ​ — Multi-family ​ 42 ​ 42 ​ 7 Commercial business ​ 1,495 ​ 1,495 ​ 265 Home equity and junior liens ​ 109 ​ 109 ​ — Automobile ​ 41 ​ 41 ​ 10 Other consumer ​ 2 ​ 2 ​ 2 ​ ​ $ 6,152 ​ $ 6,603 ​ $ 305 ​ The following table represents the average recorded investment in impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 ​ 2020 ​ ​ One- to four-family residential mortgages ​ $ 2,607 ​ $ 3,336 Commercial real estate - nonresidential ​ 416 ​ 1,523 Multi-family ​ — ​ 42 Commercial business ​ 130 ​ 1,572 Home equity and junior liens ​ 71 ​ 110 Automobile ​ — ​ 46 Other consumer ​ — ​ 2 ​ ​ ​ 3,224 ​ $ 6,631 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ One- to four-family residential mortgages ​ $ 78 ​ $ 110 Commercial real estate - nonresidential ​ 1 ​ 19 Multi-family ​ — ​ 1 Commercial business ​ ​ 1 ​ ​ 54 Home equity and junior liens ​ ​ 2 ​ ​ 7 Automobile ​ ​ — ​ ​ 4 ​ ​ $ 82 ​ $ 195 ​

Servicing

Servicing	12 Months Ended
	Dec. 31, 2021
Servicing
Servicing	6. Servicing At December 31, 2021 and 2020, one- to four-family residential mortgage loans serviced for others amounted to approximately $11.9 million and $14.0 million, respectively. These loans are not included in the accompanying consolidated statements of financial condition. A portion of the serviced loan portfolio, with outstanding balances totaling $10.3 million and $12.1 million at December 31, 2021 and 2020, 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, 2021 and 2020, was $17,000 and $20,000, respectively. Annual amortization of servicing rights is immaterial. ​

Allowance for Loan Loss

Allowance for Loan Loss	12 Months Ended
	Dec. 31, 2021
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ One- to four- ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ family ​ residential ​ Real estate ​ ​ ​ Construction ​ Commercial (In thousands) residential mortgage nonresidential Multi-family commercial business Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 457 ​ $ — ​ $ 319 $ 26 ​ $ — ​ $ 617 Charge-offs ​ (117) ​ — ​ (386) ​ — ​ — ​ (84) Recoveries ​ 28 ​ — ​ 16 ​ 12 ​ — ​ 7 Provision (credit) for loan losses ​ 320 ​ — ​ 681 ​ (36) ​ — ​ (379) Ending balance ​ $ 688 ​ $ — ​ $ 630 $ 2 ​ $ — ​ $ 161 Ending balance: related to loans individually evaluated for impairment ​ $ 7 ​ $ — ​ $ — $ — ​ $ — ​ $ 12 Ending balance: related to loans collectively evaluated for impairment ​ $ 681 ​ $ — ​ $ 630 $ 2 ​ $ — ​ $ 149 Loans receivable: ​ ​ ​ ​ ​ ​ Ending balance ​ $ 113,061 ​ $ — ​ $ 21,478 $ 456 ​ $ — ​ $ 12,528 Ending balance: individually evaluated for impairment ​ $ 2,576 ​ $ — ​ $ 416 $ — ​ $ — ​ $ 128 Ending balance: collectively evaluated for impairment ​ $ 110,485 ​ $ — ​ $ 21,062 $ 456 ​ $ — ​ $ 12,400 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 (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 ​ $ 46 ​ $ 76 ​ $ 127 ​ $ 69 ​ $ — ​ $ 84 ​ $ — ​ $ 1,821 Charge-offs ​ (2) ​ — ​ (12) ​ — ​ (1) ​ (45) ​ — ​ (647) Recoveries ​ — ​ — ​ 48 ​ 3 ​ 8 ​ 5 ​ — ​ 127 Provision (credit) for loan losses ​ (5) ​ 26 ​ (56) ​ (8) ​ (7) ​ 4 ​ — ​ 540 Ending balance ​ $ 39 ​ $ 102 ​ $ 107 ​ $ 64 ​ $ — ​ $ 48 ​ $ — ​ $ 1,841 Ending balance: related to loans individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 19 Ending balance: related to loans collectively evaluated for impairment ​ $ 39 ​ $ 102 ​ $ 107 ​ $ 64 ​ $ — ​ $ 48 ​ $ — ​ $ 1,822 Loans receivable: ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 9,701 ​ $ 47,717 ​ $ 22,666 ​ $ 2,096 ​ $ 29,463 ​ $ 5,492 ​ $ — ​ $ 264,658 Ending balance: individually evaluated for impairment ​ $ 67 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 3,187 Ending balance: collectively evaluated for impairment ​ $ 9,634 ​ $ 47,717 ​ $ 22,666 ​ $ 2,096 ​ $ 29,463 ​ $ 5,492 ​ $ — ​ $ 261,471 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ One- to four- ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ family residential 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 (credit) 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended 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 (credit) 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 ​

Federal Home Loan Bank of New Y

Federal Home Loan Bank of New York Stock	12 Months Ended
	Dec. 31, 2021
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 ​

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2021
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 Premises: ​ ​ ​ ​ Land ​ $ 3,867 ​ $ 3,884 Buildings and improvements ​ 18,049 ​ 19,041 Equipment ​ 7,256 ​ 6,810 Construction in progress ​ 31 ​ 206 ​ ​ 29,203 ​ 29,941 Less: Accumulated depreciation ​ 13,858 ​ 13,198 ​ ​ $ 15,345 ​ $ 16,743 ​

Intangible Assets and Goodwill

Intangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2021
Intangible Assets and Goodwill
Intangible Assets and Goodwill	10. Intangible Assets and Goodwill Intangible assets and goodwill are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Accumulated ​ Net (in thousands) Amount Amortization Value Amortized intangible assets: ​ ​ ​ Non-compete agreements ​ $ 5 ​ $ (4) ​ $ 1 Core deposit intangible ​ 964 ​ (182) ​ 782 Goodwill ​ 792 ​ — ​ 792 ​ ​ $ 1,761 ​ $ (186) ​ $ 1,575 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ 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 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 fair 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 year ended December 31, 2021 was $64,000, as well as the estimated aggregate amortization expense for each of the five succeeding years is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization For Years Ended December 31, Expense (In thousands) ​ ​ ​ 2022 ​ $ 64 2023 ​ 64 2024 ​ 64 2025 ​ 64 2026 ​ 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, 2021 and 2020.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Deposits
Deposits	11. Deposits Deposits, by deposit type, are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) ​ 2021 ​ 2020 Checking accounts, non-interest bearing ​ $ 57,540 ​ $ 65,673 Checking accounts, interest-bearing ​ 37,169 ​ 31,745 Money market accounts ​ 31,333 ​ 26,334 Savings accounts ​ 110,272 ​ 102,307 Time deposits ​ 75,735 ​ 83,487 ​ ​ $ 312,049 ​ $ 309,546 ​ We participate in reciprocal deposit services for our customers through the CDARS and Insured Cash Sweep networks. Included in time deposits in the above table are $19.0 million and $24.1 million in these reciprocal deposits as of December 31, 2021 and 2020, 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, are summarized as follows: ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ At December 31, 2021 ​ ​ ​ 2022 ​ $ 56,353 2023 ​ 10,862 2024 ​ 5,468 2025 ​ 1,935 2026 ​ 732 Thereafter ​ 385 ​ ​ $ 75,735 ​ T ​ ​ The aggregate amount of time deposits with balances equal to or greater than $250,000 was $24,164,000 and $22,299,000 at December 31, 2021 and 2020, respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2021
Borrowings
Borrowings	12. Borrowings The composition of borrowings (including subordinated debt) is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Long-term: ​ ​ FHLB fixed-rate term advances ​ $ 3,300 ​ $ 4,300 FHLB fixed-rate amortizing advances ​ 14,460 ​ 23,328 Total long-term borrowings ​ $ 17,760 ​ $ 27,628 Subordinated debt ​ $ — ​ $ 1,235 ​ The principal balances and interest rates of the above fixed rate borrowings are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 (In thousands) ​ Principal ​ Rates Long-term: ​ ​ FHLB fixed-rate term advances ​ $ 3,300 ​ 1.45%-2.48 % FHLB fixed-rate amortizing advances ​ 14,460 ​ 0.96%-3.03 % Total long-term borrowings ​ $ 17,760 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 (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 % ​ The maturities of long-term borrowings and subordinated debt are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 Long-term: ​ ​ ​ Due within 1 year ​ $ 6,457 ​ $ 10,282 Due within 2 years ​ 3,153 ​ 7,898 Due within 3 years ​ 5,250 ​ 3,785 Due within 4 years ​ 1,375 ​ 4,926 Due within 5 years ​ 932 ​ 1,796 Thereafter ​ 593 ​ 176 Total long-term borrowings ​ $ 17,760 ​ $ 28,863 ​ The Bank had $51.8 million borrowing availability with the FHLB at December 31, 2021. The Bank’s aggregate unused FHLB borrowing capacity was approximately $33.3 million at December 31, 2021. 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 $21.3 million and $33.2 million at December 31, 2021 and 2020. Residential mortgage loans with a carrying value of $65.9 million and $70.6 million at December 31, 2021 and 2020 and FHLB stock with a carrying value of $1.5 million and $2.0 million at December 31, 2021 and 2020 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 has a $10.0 million unsecured line of credit with a correspondent bank. The Bank also has an additional unsecured fed funds line of credit for $5,500,000. At December 31, 2021 and 2020 there were no outstanding advances on these lines.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Taxes
Income Taxes	13. Income Taxes The Company’s income tax expense (benefit) included in the consolidated statements of income is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 Current tax expense (benefit): ​ ​ Federal ​ $ 21 ​ $ (781) State ​ 78 ​ 15 Total current tax expense (benefit) ​ 99 ​ (766) Deferred tax expense: ​ ​ Federal ​ 184 ​ 662 Total deferred tax expense ​ 184 ​ 662 Expense (benefit) for income taxes ​ $ 283 ​ $ (104) ​ 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 Assets: ​ ​ ​ ​ ​ ​ Deferred compensation ​ $ 227 ​ $ 111 Allowance for loan losses ​ 447 ​ 458 Net operating loss carryforward ​ 859 ​ 847 Mortgage recording tax credit ​ — ​ 3 Nonaccrual interest ​ 46 ​ 82 Other ​ 101 ​ 72 ​ ​ 1,680 ​ 1,573 Liabilities: ​ ​ Pension ​ (2,332) ​ (1,831) Intangible assets ​ (210) ​ (222) Investment securities, unrealized gains ​ (105) ​ (144) Mortgage servicing rights ​ (3) ​ (4) Depreciation ​ (143) ​ (152) Other ​ (5) ​ (6) ​ ​ (2,798) ​ (2,359) Net deferred tax liability ​ $ (1,118) ​ $ (786) ​ 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, 2021, Generations Bancorp had net operating loss carryforwards of approximately $1.5 million which expire in years 2027-2037. Additionally, Generations Bancorp has loss carryforwards of $2.6 million with no expiration period. The loss generated in 2018 was carried back under provisions of the CARES Act. On March 27, 2020, the CARES Act 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 2018, 2019, and 2020. A reconciliation of the federal statutory income tax rate to the effective income tax rate for the years ended December 31, 2021 and 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2021 2020 ​ ​ ​ ​ ​ Federal statutory income tax rate 21.0 % 21.0 % State tax, net of federal benefit 3.6 % 0.7 % Bank owned life insurance and other permanent differences (0.1) % (2.1) % Tax exempt income (4.7) % (9.8) % Tax rate differential for NOL carryback — % (18.9) % Other (3.1) % 2.8 % Effective income tax rate 16.7 % (6.3) % ​ 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, 2021 and 2020.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020, expense attributable to contributions made by the Company amounted to $57,000 and $63,000, 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: ​ ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: ​ At December 31, (In thousands) 2021 2020 Change in benefit obligations: ​ Benefit obligations at beginning of year ​ $ 12,005 ​ $ 11,048 Service Cost ​ ​ 458 ​ ​ 413 Interest cost ​ 420 ​ 448 Actuarial loss ​ 289 ​ 946 Benefit paid ​ (1,062) ​ (850) Benefit obligations at end of year ​ 12,110 ​ 12,005 Change in plan assets: ​ ​ Fair value of plan assets at beginning of year ​ ​ 18,332 ​ ​ 16,679 Actual return on plan assets ​ ​ 2,646 ​ ​ 2,222 Benefits paid ​ ​ (1,062) ​ ​ (850) Employer contributions ​ ​ 365 ​ ​ 281 Fair value of plan assets at end of year ​ ​ 20,281 ​ ​ 18,332 ​ ​ ​ ​ ​ ​ ​ Funded Status ​ $ 8,171 ​ $ 6,327 ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: At December 31, (In thousands) ​ 2021 ​ 2020 Change in benefit obligations: ​ ​ ​ ​ ​ ​ Benefit obligations at beginning of year ​ $ 3,501 ​ $ 3,489 Service cost ​ ​ 31 ​ ​ 28 Interest cost ​ ​ 130 ​ ​ 143 Actuarial loss ​ ​ 26 ​ ​ 130 Benefits paid ​ ​ (387) ​ ​ (289) Benefit obligations at end of year ​ ​ 3,301 ​ ​ 3,501 Change in plan assets: ​ ​ ​ ​ ​ ​ Fair value of plan assets at beginning of year ​ ​ 5,894 ​ ​ 5,463 Actual return on plan assets ​ ​ 712 ​ ​ 720 Benefits paid ​ ​ (386) ​ ​ (289) Employer contributions ​ ​ 17 ​ ​ — Fair value of plan assets at end of year ​ ​ 6,237 ​ ​ 5,894 ​ ​ ​ ​ ​ ​ ​ Funded Status ​ $ 2,936 ​ $ 2,393 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized in accumulated other comprehensive loss are as follows: ​ ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: Year Ended December 31, (In thousands) 2021 2020 Unrecognized net loss ​ $ 1,924 ​ $ 2,913 Tax Effect ​ 404 ​ 612 ​ ​ $ 1,520 ​ $ 2,301 ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: Year Ended December 31, (In thousands) 2021 2020 Unrecognized net gain ​ $ (429) ​ $ (207) Tax Effect ​ (90) ​ (43) ​ ​ $ (339) ​ $ (164) ​ The accumulated benefit obligation for the Generations Bank defined benefit pension plan was $10,683,000 and $10,481,000 at December 31, 2021 and 2020, respectively. The accumulated benefit obligation for the Medina Savings and Loan defined benefit pension plan was $3,234,000 and $3,433,000 at December 31, 2021 and 2020. The assumptions used to determine the benefit obligations are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, Generations Bank Plan: 2021 ​ 2020 Weighted average discount rate ​ 3.42 % ​ 3.55 % Rate of increase in future compensation levels ​ 4.00 % ​ 4.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, Medina Savings and Loan Plan: 2021 ​ 2020 Weighted average discount rate 3.44 % ​ 3.83 % Rate of increase in future compensation levels 4.00 % ​ 3.00 % ​ 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 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: ​ ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: Year Ended December 31, (In thousands) 2021 2020 Net periodic expenses recognized in income: ​ ​ ​ ​ Service cost ​ $ 458 ​ $ 413 Interest cost ​ 420 ​ 448 Expected return on plan assets ​ (1,481) ​ (1,340) Amortization of net losses ​ 114 ​ 135 Net periodic pension benefit ​ (489) ​ (344) Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss: ​ ​ Net actuarial gain ​ (875) ​ 63 Amortization of net actuarial loss ​ (114) ​ (135) Total recognized in other comprehensive income ​ (989) ​ (72) Total recognized in net periodic pension benefit and other comprehensive income ​ $ (1,478) ​ $ (416) ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: Year Ended December 31, (In thousands) 2021 2020 Net periodic expenses recognized in income: ​ ​ ​ ​ Service cost ​ $ 31 ​ $ 28 Interest cost ​ 130 ​ 143 Expected return on plan assets ​ (464) ​ (430) Net periodic pension benefit ​ (303) ​ (259) Other changes in plan assets and benefit obligations ​ ​ recognized in other comprehensive (income) loss: ​ ​ Net actuarial gain ​ (222) ​ (160) Total recognized in other comprehensive income ​ (222) ​ (160) Total recognized in net periodic pension benefit and other comprehensive income ​ $ (525) ​ $ (419) ​ 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, 2022 is $0. 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, 2022 is $0. The following weighted-average assumptions were used to determine net periodic pension expense: ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: At December 31, ​ 2021 2020 Weighted average discount rate ​ 3.55 % 4.13 % Long-term rate of return on plan assets ​ 8.00 % 8.00 % Rate of increase in future compensation levels ​ 4.00 % 4.00 % ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: ​ At December 31, ​ ​ 2021 2020 Weighted average discount rate ​ 3.83 % 4.20 % Long-term rate of return on plan assets ​ 8.00 % 8.00 % Rate of increase in future compensation levels ​ 3.00 % 3.00 % ​ The Bank expects to contribute $329,000 to the Generations Bank plan and $0 to the Medina Savings and Loan plan in 2022. The following tables show the expected benefit payments to be paid to participants for the years ended December 31: ​ ​ ​ ​ ​ Generations Bank Plan: ​ (In thousands) ​ Amount ​ ​ ​ 2022 ​ $ 281 2023 ​ 341 2024 ​ 384 2025 ​ 401 2026 ​ 401 2027-2031 ​ 3,242 ​ ​ ​ ​ ​ Medina Savings and Loan Plan: ​ (In thousands) ​ ​ Amount ​ ​ 2022 ​ $ 189 2023 ​ 187 2024 ​ 186 2025 ​ 183 2026 ​ 181 2027-2031 ​ 928 ​ 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 and commodity mutual funds) and 35% in debt securities (bond mutual funds). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: ​ ​ ​ ​ Equities and Commodities: ​ ​ ​ ​ (1) Equity Income Separate Account -Z ​ $ — ​ $ 1,631 ​ $ — ​ $ 1,631 (2) Large Cap S&P 500 Index Separate Account -Z ​ — ​ 3,280 ​ — ​ 3,280 (3) Blue Chip Separate Account-Z ​ — ​ 1,635 ​ — ​ 1,635 (4) Mid-Cap Value Separate Account -Z ​ — ​ 1,038 ​ — ​ 1,038 (5) Mid-Cap S&P 400 Index Separate Account Z ​ — ​ 1,458 ​ — ​ 1,458 (6) Mid-Cap Growth Separate Account-Z ​ — ​ 1,030 ​ — ​ 1,030 (7) Small-Cap Separate Account-Z ​ — ​ 1,248 ​ — ​ 1,248 (8) Small-Cap S&P 600 Index Separate Account Z ​ — ​ 1,247 ​ — ​ 1,247 (9) Intern'l Emerging Markets Separate Acct-Z ​ — ​ 818 ​ — ​ 818 Fixed Income: ​ ​ ​ ​ (10) Liquid Assets Separate Account-Z ​ — ​ 24 ​ — ​ 24 (11) LDI Short Durations Separate Account-Z ​ — ​ 982 ​ — ​ 982 (12) Core Fixed Income Separate Account-Z ​ — ​ 1,961 ​ — ​ 1,961 (13) Core Plus Bond Separate Account-Z ​ — ​ 3,929 ​ — ​ 3,929 Total ​ $ — ​ $ 20,281 ​ $ — ​ $ 20,281 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: ​ At 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: ​ ​ ​ ​ Equities and Commodities: ​ ​ ​ ​ (1) Equity Income Separate Account -Z ​ $ — ​ $ 500 ​ $ — ​ $ 500 (2) Large Cap S&P 500 Index Separate Account -Z ​ — ​ 996 ​ — ​ 996 (3) Blue Chip Separate Account-Z ​ — ​ 494 ​ — ​ 494 (4) Mid-Cap Value Separate Account -Z ​ — ​ 316 ​ — ​ 316 (5) Mid-Cap S&P 400 Index Separate Account Z ​ — ​ 442 ​ — ​ 442 (6) Mid-Cap Growth Separate Account-Z ​ — ​ 309 ​ — ​ 309 (7) Small-Cap Separate Account-Z ​ — ​ 379 ​ — ​ 379 (8) Small-Cap S&P 600 Index Separate Account Z ​ — ​ 380 ​ — ​ 380 (9) Intern'l Emerging Markets Separate Acct-Z ​ — ​ 251 ​ — ​ 251 Fixed Income: ​ ​ ​ ​ (10) Liquid Assets Separate Account-Z ​ — ​ 16 ​ — ​ 16 (11) LDI Short Durations Separate Account-Z ​ — ​ 308 ​ — ​ 308 (12) Core Fixed Income Separate Account-Z ​ — ​ 615 ​ — ​ 615 (13) Core Plus Bond Separate Account-Z ​ — ​ 1,231 ​ — ​ 1,231 Total ​ $ — ​ $ 6,237 ​ $ — ​ $ 6,237 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: ​ At December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: ​ ​ ​ ​ Equities: ​ ​ ​ ​ (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) Equity Income Separate Account-Z: The investment seeks to provide current income and longterm growth of income and capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities at the time of purchase. It usually invests in equity securities of companies with large and medium market capitalizations. The fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. (2) The investment option normally invests the majority of assets in common stocks of companies that compose the S&P 500 Index. Management attempts to mirror the investment performance of the index by allocating assets in approximately the same weightings as the S&P 500 Index. Over the long-term, management seeks a very close correlation between the performance of the Separate Account before expenses and that of the S&P 500 Index. (3) The investment seeks long-term growth of capital. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with large market capitalizations at the time of purchase that, in the fund's investment advisor's opinion, display characteristics of a "blue chip" company. The advisor tends to focus on securities of companies that show potential for growth of capital as well as an expectation for above average earnings. The fund invests in securities of foreign companies, as well as companies with medium market capitalizations. (4) The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with medium market capitalizations at the time of purchase. It invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The fund also invests in real estate investment trusts. (5) The investment option normally invests the majority of assets in common stocks of companies that compose the S&P MidCap 400 Index. Management attempts to mirror the investment performance of the index by allocating assets in approximately the same weightings as the S&P MidCap 400 Index. Over the long-term, management seeks a very close correlation between the performance of the Separate Account before expenses and that of the S&P MidCap 400 Index. (6) The investment option primarily invests in common stocks of medium capitalization companies with strong earnings growth potential. It normally invests the majority of assets in companies with market capitalizations similar to those companies in the Russell MidCap Growth Index. Management uses a bottom-up approach in selection of individual securities that it believes have an above average potential for earnings growth. It may invest up to 25% of assets in foreign securities. (7) The investment seeks long-term growth of capital and primarily invests in common stocks of small capitalization companies. It normally invests the majority of assets in companies with market capitalizations similar to those of companies in the Russell 2000 Index. Management looks at stocks with value and/or growth characteristics and constructs an investment portfolio that has a blend of stocks with these characteristics. Management does not have a policy of preferring one of these styles to the other. The Separate Account may invest up to 25% of assets in foreign securities. (8) The investment seeks long-term growth of capital and normally invests the majority of assets in common stocks of companies that compose the S&P SmallCap 600 Index. Management attempts to mirror the investment performance of the index by allocating assets in approximately the same weightings as the S&P SmallCap 600 Index. Over the long-term, management seeks a very close correlation between the performance of the Separate Account before expenses and that of the S&P SmallCap 600 Index. (9) The investment option normally invests the majority of assets in equities of companies in emerging market countries. It invests in securities of companies with their principal place of business or principal office in emerging market countries; companies for which the principal securities trade in an emerging market; or companies, regardless of where their securities are traded, that derive 50% of their total revenue from either goods or services produced in emerging market countries. The fund may invest in securities of companies with small to medium market capitalizations. (10) The investment seeks as high a level of current income as is considered consistent with preservation of principal and maintenance of liquidity. It invests in a portfolio of high quality, short-term instruments. The investments are U.S. dollar denominated securities which the sub-advisor believes present minimal credit risks. The sub-advisor maintains a dollar weighted average portfolio maturity of 60 days or less. (11) The investment seeks to maximize total returns from the universe of debt securities in which the Portfolio invests. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in fixed income securities considered to be investment grade quality. In addition, the Portfolio is authorized to invest more than 25% of its total assets in U.S. Treasury bonds, bills and notes, and obligations of federal agencies and instrumentalities. (12) The investment seeks to provide a high level of current income consistent with preservation of capital. The fund invests primarily in a diversified pool of investment-grade fixed-income securities, including corporate securities, U.S. government securities, asset-backed securities and mortgage-backed securities. It maintains an average portfolio duration that is within from 75% to 125% of the duration of the Bloomberg Barclays US Aggregate Bond Index. (13) The investment option invests primarily in intermediate term, fixed-income investments such as public and private corporate bonds, commercial and residential mortgages, asset-backed securities, and US government and agency-backed securities. Value is added primarily through sector allocation and security selection. The Separate Account may enter into reverse repurchase agreements to attempt to enhance portfolio return and income. ​ ​ 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 loan is repaid through annual installments through 2021. At December 31, 2021, unreleased shares totaled 3,104 and released shares totaled 90,032, both of which have been adjusted by the exchange ratio of 0.9981. On January 12, 2021, the ESOP acquired 109,450 shares of the Company’s common stock with funds provided by a loan from the Company. These new shares were combined with the remaining 3,104 unreleased shares acquired by the ESOP on July 10, 2006 for a total of 112,554 unreleased shares. The ESOP loan is repaid principally from the Bank’s contributions to the ESOP. The loan is being repaid in annual installments through 2045 and bears interest at the Wall Street Journal prime lending rate (3.25% at December 31, 2021). Shares are released to participants proportionately as the loan is repaid and totaled 4,502 shares for the year ended December 31, 2021. Released shares from the combined plans totaled 94,534 shares with 90,032 attributable to the 2006 ESOP and 4,502 shares attributable to the 2021 ESOP. Unreleased shares totaled 108,052 for the year ended December 31, 2021. ESOP expense was $47,000 for the year ended December 31, 2021. At December 31, 2021, there were 108,052 shares unearned having an aggregate fair value of approximately $1.3 million based on a fair value per share of $11.91. The Company is obligated at the option of each participant to repurchase shares of the ESOP upon the participant’s termination or after retirement. The maximum repurchase obligation based on 94,534 shares released and fair value of $11.91 per share is $1.1 million at December 31, 2021. The maximum repurchase obligation based on 90,204 shares released and fair value of $10.42 per share was $940,000 as of December 31, 2020. 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, 2021 was $305,000 and is 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. In 2021, the Company expanded the Directors’ Retirement Plan to allow participants to invest in the Company’s stock. The fair value of the stock held in the rabbi trust at December 31, 2021 was $417,000 and is reflected on the statement of condition as a liability. The cost of securities purchased and held in the rabbi trust was $350,000 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 directors’ fees with a corresponding increase or decrease in the liability. The unrealized gain recorded for the Directors’ Retirement Plan for the year ended December 31, 2021 was $113,000. Expense attributable to contributions made by the Company amounted to $23,000 and $26,000 for the years ended December 31, 2021 and 2020, respectively. ​ 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, 2021 was $359,000 and is reflected on the statement of condition as a liability. The cost of securities purchased and held in the rabbi trust is $303,000 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, 2021 was $65,000. The expense attributable to contributions made by the Company was $31,000 and $39,000 for the years ended December 31, 2021 and 2020.

Regulatory Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2021
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 Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain amounts and ratios (set forth in the table below) of total core and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to total adjusted assets (as defined). The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (“BASEL III rules”) became effective for the Bank on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. Under the BASEL III rules, the Bank must hold a 2.50% capital conservation buffer above the adequately capitalized risk-based capital ratios. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. Management believes as of December 31, 2021 and December 31, 2020, the Bank meets all capital adequacy requirements to which it is subject. The Bank’s actual capital amounts and ratios are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be "Well- ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ Capitalized" ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ Under Prompt ​ ​ ​ Actual ​ Adequacy Purposes ​ Corrective Provisions ​ (in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 ​ ​ ​ Common Equity Tier 1 Capital ​ $ 41,287 ​ 14.82 % $ 12,534 ​ 4.50 % $ 18,104 ​ 6.50 % Total Capital (to Risk-Weighted Assets) ​ $ 43,128 ​ 15.48 % $ 22,282 ​ 8.00 % $ 27,853 ​ 10.00 % Tier 1 Capital (to Risk-Weighted Assets) ​ $ 41,287 ​ 14.82 % $ 16,712 ​ 6.00 % $ 22,282 ​ 8.00 % Tier 1 Capital (to Total Adjusted Assets) ​ $ 41,287 ​ 10.99 % $ 15,034 ​ 4.00 % $ 18,792 ​ 5.00 % As of December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 31,942 ​ 12.18 % $ 11,798 ​ 4.50 % $ 17,041 ​ 6.50 % 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 % $ 15,730 ​ 6.00 % $ 20,974 ​ 8.00 % Tier 1 Capital (to Total Adjusted Assets) ​ $ 31,942 ​ 8.72 % $ 14,648 ​ 4.00 % $ 18,310 ​ 5.00 % ​ The Company’s goal is to maintain a strong capital position, consistent with the risk profile of its subsidiary bank that supports growth and expansion activities while at the same time exceeding regulatory standards. At December 31, 2021 and 2020, Generations Bank exceeded all regulatory required minimum capital ratios and met the regulatory definition of a “well-capitalized” institution, i.e. Tier 1 Capital (to Total Adjusted Asset) exceeding 5%, a common equity Tier 1 capital ratio exceeding 6.50%, a Tier 1 risk-based capital ratio exceeding 8.00% and a total risk-based capital ratio exceeding 10%. ​ By letter dated September 10, 2020, based on its supervisory profile, the Office of the Comptroller of the Currency (“OCC”) established higher individual minimum capital ratios for Generations Bank. Specifically, effective September 10, 2020, Generations Bank is required to maintain a leverage ratio of 8.0% and a total capital ratio of 12.0%. The individual minimum capital ratios will remain in effect until terminated, modified, or suspended in writing by the OCC.

Dividends and Restrictions

Dividends and Restrictions	12 Months Ended
	Dec. 31, 2021
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 $3,248,000 as of December 31, 2021. 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, 2021
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, 2021. Financial instruments whose contract amounts represent credit risk consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Commitments to grant loans ​ $ 3,524 ​ $ 4,009 Unfunded commitments under lines of credit ​ 15,568 ​ 14,823 ​ 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, 2021 with fixed interest rates amounted to approximately $3.8 million. Loan commitments, including unused lines of credit and standby letters of credit, outstanding at December 31, 2021 with variable interest rates amounted to approximately $15.3 million. 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. 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 sold and funded $68.6 million of loans to the Federal Home Loan Bank of New York as part of its Mortgage Partnership Finance Program (“MPF Program”), inclusive of USDA loans, to date. The principal outstanding balance on loans sold under the MPF Program is $10.3 million at December 31, 2021. The Bank continues to service loans sold under the MPF Program. Under the terms of the MPF Program, there is limited recourse 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 $707,000 at December 31, 2021. 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 $88,000 at December 31, 2021. 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. 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 expired on May 31, 2021 and was not renewed and the office was closed on May 7, 2021. Lease expense, since the merger, is included in occupancy expense and was $19,000 for the year ending December 31, 2021 and $41,000 for December 31, 2020. There are no future minimum lease commitments at December 31, 2021.

Concentrations of Credit Risk

Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2021
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 loans 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, 2021 and 2020, the Company’s cash accounts did not materially exceed federally insured limit of $250,000. At December 31, 2021 and 2020, the Company held $15,228,000 and $21,491,000 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 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 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, 2021, the Company has no loans outstanding loans that were modified during 2021 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, 2021. 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 during 2020, and $3.7 million during 2021 in PPP loans of which approximately $367,000 are still outstanding at December 31, 2021.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ Beginning balance ​ $ 2,527 ​ $ 2,755 Originations ​ 173 ​ 408 Payments and change in status ​ (210) ​ (636) Ending balance ​ $ 2,490 ​ $ 2,527 ​ The aggregate amount of deposits owned by related parties was $2.2 million and $1.6 million at and December 31, 2021 and 2020.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2021
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ Service charges on deposit accounts ​ $ 563 ​ $ 588 Debit card interchange and surcharge income ​ 855 ​ 760 Investment services income ​ — ​ 88 Insurance commission and fees ​ 722 ​ 755 Loan servicing fees ​ 151 ​ 124 ​ ​ $ 2,291 ​ $ 2,315 ​ Service charges on deposit accounts Debit card interchange and surcharge income Investment services income Insurance commissions and fees Loan servicing fees

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss	21. Accumulated Other Comprehensive Loss The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ Affected Line Item in the (In thousands) 2021 2020 Consolidated Statement of Income Available-for-sale securities: ​ ​ ​ ​ ​ ​ ​ ​ Realized gain on sale of securities ​ $ (10) ​ $ (1,071) ​ Net gain on sale of securities Tax effect ​ ​ 2 ​ ​ 225 ​ Income tax expense ​ ​ $ (8) ​ $ (846) ​ Net income Defined benefit pension plan: ​ ​ ​ ​ ​ ​ ​ ​ Retirement plan net losses recognized in net periodic pension cost ​ $ 114 ​ $ 135 ​ Compensation and benefits Tax effect ​ ​ (23) ​ ​ (28) ​ Income tax benefit ​ ​ $ 91 ​ $ 107 ​ Net income ​

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020. 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, 2021 and December 31, 2020. Cash and due from banks Interest-earning deposits Investment securities 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 Loans Impaired loans Deposits Accrued interest Borrowings Subordinated debt The following tables present a comparison of the carrying amount and estimated fair value of the Company’s financial instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair (In thousands) Amount Level 1 Level 2 Level 3 Value Financial assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 20,997 ​ $ 20,997 ​ $ — ​ $ — ​ $ 20,997 Interest-bearing time deposits in banks ​ ​ 650 ​ ​ — ​ ​ 650 ​ ​ — ​ ​ 650 Securities available-for-sale ​ 36,975 ​ — ​ 33,965 ​ 3,010 ​ 36,975 Securities held-to-maturity ​ 1,128 ​ — ​ 1,150 ​ — ​ 1,150 Equity securities ​ 350 ​ 350 ​ — ​ — ​ 350 Loans receivable ​ 278,120 ​ — ​ — ​ 281,502 ​ 281,502 FHLB stock ​ 1,450 ​ — ​ 1,450 ​ — ​ 1,450 Accrued interest receivable ​ 1,249 ​ 1,249 ​ — ​ — ​ 1,249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 312,049 ​ $ 94,709 ​ $ — ​ $ 219,261 ​ $ 313,970 Long-term borrowings ​ 17,760 ​ — ​ 21,985 ​ — ​ 21,985 Accrued interest payable ​ 35 ​ 35 ​ — ​ — ​ 35 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 FHLB 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 ​ The following tables summarize assets measured at fair value on a recurring basis, segregated by the level of valuation inputs within the hierarchy utilized to measure fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ $ 33 ​ $ — ​ $ 33 Corporate bonds ​ ​ — ​ ​ 18,043 ​ ​ — ​ ​ 18,043 Municipal bonds ​ — ​ 15,889 ​ 3,010 ​ 18,899 Equity investment securities: ​ ​ ​ ​ Large cap equity mutual fund ​ 45 ​ — ​ — ​ 45 Other mutual funds ​ 305 ​ — ​ — ​ 305 Total investment securities ​ $ 350 ​ $ 33,965 ​ $ 3,010 ​ $ 37,325 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ The changes in Level 3 assets measured at estimated fair value on recurring basis during the years ended December 31, 2021 and 2020 were as follows: ​ ​ ​ ​ ​ ​ Investment (In thousands) ​ Securities ​ ​ ​ Balance - January 1, 2021 ​ $ 3,174 Total gains realized/unrealized: ​ Included in earnings ​ — Included in other comprehensive income ​ 161 Purchases ​ 826 Principal payments/maturities ​ (1,151) Sales ​ — Balance - December 31, 2021 ​ $ 3,010 ​ ​ ​ ​ ​ ​ 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 ​ In 2021 and 2020, the Company purchased municipal bonds in the table above from local government entities which are not actively traded. The Company receives scheduled principal and interest payments from the municipalities based on the terms of the bonds. Management receives valuations on these investments on a quarterly basis from an outside party. As such, the carrying value is deemed to approximate fair value (Level 3). 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 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 segregated by the level of valuation inputs within the hierarchy utilized to measure fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Fair (In thousands) Level 1 Level 2 Level 3 Value Impaired loans ​ $ — ​ $ — ​ $ 391 ​ $ 391 Foreclosed real estate & repossessed assets ​ — ​ — ​ 27 ​ 27 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 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, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)% One-to four-family residential Costs to Sell 5% - 15% (10)% ​ Impaired loans - Appraisal of collateral Appraisal Adjustments 5% - 35% (25)% Real estate - nonresidential Changes in property condition 10% - 20% (15)% ​ Costs to Sell 5% - 15% (10)% ​ Impaired loans - USDA Guarantee Government guaranteed portion 20% (20)% Commercial business ​ 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 Foreclosed real estate & repossessed assets

Parent Company Only Financial I

Parent Company Only Financial Information	12 Months Ended
	Dec. 31, 2021
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 Generations Bancorp NY, Inc. as of and for the periods ended: ​ ​ ​ ​ ​ ​ ​ ​ Statements of Condition ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Assets ​ ​ Cash and cash equivalents ​ $ 2,066 ​ $ 113 Securities available-for-sale, at fair value ​ 316 ​ 635 Investment in bank subsidiary ​ 41,897 ​ 32,167 Note receivable - ESOP ​ — ​ 41 Other assets ​ 42 ​ 927 Total assets ​ $ 44,321 ​ $ 33,883 Liabilities and Shareholders' Equity ​ ​ Due to Bank ​ $ — ​ $ 1,851 Subordinated debt ​ — ​ 1,235 Deferred tax liability ​ 72 ​ 72 Other liabilities ​ 769 ​ 839 Shareholders' equity ​ 43,480 ​ 29,886 Total liabilities and shareholders' equity ​ $ 44,321 ​ $ 33,883 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Statements of Income ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ Income ​ ​ Dividends from securities available-for-sale ​ $ 23 ​ $ 6 Other noninterest income ​ 20 ​ 40 Total income ​ 43 ​ 46 Expenses ​ ​ Interest expense ​ 9 ​ 84 Other expenses ​ 127 ​ 251 Total expenses ​ 136 ​ 335 Loss before taxes and equity in undistributed net income of bank subsidiary ​ (93) ​ (289) Income tax benefit ​ (16) ​ (274) Loss before equity in undistributed net income of bank subsidiary ​ (77) ​ (15) Equity in undistributed net income of bank subsidiary ​ 1,490 ​ 1,763 Net income ​ $ 1,413 ​ $ 1,748 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Statements of Cash Flows ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ Operating Activities ​ ​ Net income ​ $ 1,413 ​ $ 1,748 Equity in undistributed net income of bank subsidiary ​ (1,490) ​ (1,763) Realized gains on equity securities ​ ​ (20) ​ ​ (39) ESOP Expense ​ ​ 48 ​ ​ — Net change in other assets ​ 888 ​ (927) Net change in other liabilities ​ (70) ​ (322) Net cash provided by (used in) operating activities ​ 769 ​ (1,303) Investing Activities ​ ​ Capital Infusion in Subsidiary ​ ​ (7,750) ​ ​ (500) Repayments received on ESOP note ​ — ​ 79 Net cash used in investing activities ​ (7,750) ​ (421) Financing activities ​ ​ Net proceeds from stock offering and conversion ​ ​ 13,151 ​ ​ — Net proceeds from (repayment of) advances on note payable ​ (1,851) ​ 1,269 Repayments received on sub-debt ​ ​ (1,235) ​ ​ — Purchase of common stock for ESOP ​ (1,104) ​ — Treasury stock repurchase ​ ​ — ​ ​ (41) Advances from sub-debt ​ ​ — ​ ​ 500 Purchase of common stock of SERP ​ ​ (14) ​ ​ — Purchase of common stock for Directors Retirement Plan ​ ​ (13) ​ ​ — MHC Merger ​ — ​ (63) Net cash provided by financing activities ​ 8,934 ​ 1,665 Net change in cash and cash equivalents ​ 1,953 ​ (59) Cash and cash equivalents at beginning of year ​ 113 ​ 172 Cash and cash equivalents at end of year ​ $ 2,066 ​ $ 113 ​

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2021
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 and service fees on deposit accounts. 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 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2021 ​ 2020 ​ ​ ​ Community ​ ​ ​ ​ Municipal ​ ​ ​ ​ Community ​ ​ ​ ​ Municipal ​ ​ ​ ​ ​ ​ Banking ​ Insurance ​ Banking ​ ​ ​ ​ Banking ​ Insurance ​ Banking ​ ​ ​ ​ (In thousands) Activities Activities Activities Total Activities Activities Activities Total Net interest income ​ $ 11,669 ​ $ — ​ $ 250 ​ $ 11,919 ​ $ 10,011 ​ $ — ​ $ 480 ​ $ 10,491 ​ Provision for loan losses ​ 540 ​ — ​ — ​ 540 ​ 480 ​ — ​ — ​ 480 ​ Net interest income after provision for loan losses ​ 11,129 ​ — ​ 250 ​ 11,379 ​ 9,531 ​ — ​ 480 ​ 10,011 ​ Total noninterest income ​ 1,998 ​ 729 ​ — ​ 2,727 ​ 2,718 ​ 762 ​ 480 ​ 3,960 ​ Compensation and benefits ​ (4,923) ​ (376) ​ — ​ (5,299) ​ (5,176) ​ (389) ​ (56) ​ (5,621) ​ Other noninterest expense ​ (6,876) ​ (149) ​ (86) ​ (7,111) ​ (6,418) ​ (158) ​ (130) ​ (6,706) ​ Income before income tax expense (benefit) ​ 1,328 ​ 204 ​ 164 ​ 1,696 ​ 655 ​ 215 ​ 774 ​ 1,644 ​ Income tax expense (benefit) ​ 254 ​ — ​ 29 ​ 283 ​ (112) ​ — ​ 8 ​ (104) ​ Net income ​ $ 1,074 ​ $ 204 ​ $ 135 ​ $ 1,413 ​ $ 767 ​ $ 215 ​ $ 766 ​ $ 1,748 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following represents a reconciliation of the Company’s reported segment assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Total assets for reportable segments ​ $ 395,225 ​ $ 392,322 Elimination of intercompany balances ​ (16,276) ​ (18,522) Consolidated total assets ​ $ 378,949 ​ $ 373,800 ​ 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, 2021
Subsequent Events
Subsequent Events	25. Subsequent Events The Company has evaluated subsequent events through March 24, 2022, which is the date the consolidated financial statements were issued. ​ Generations Insurance Agency, Inc. (“Agency”), a fully owned subsidiary of Generations Bank, entered into a Management Agreement with The Northwoods Corporation (“Northwoods”) whereby Northwoods will assume customer service responsibilities for Generations Insurance Agency, Inc. effective April 1, 2022. The Agency also entered into a Purchase Agreement under which Northwoods agreed to purchase the Agency’s book of business on January 1, 2024. ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
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 income (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 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: · · · · · 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 54% of the portfolio in 2021 and 61% in 2020. 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 agings, 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. As of December 31, 2021 the outstanding balance of the direct sub-prime automobile program was $0. On March 27, 2020, the President of the United States 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. GAAP. Section 4013 of the CARES Act allows financial institutions to suspend application of certain TDR accounting guidance for loan and lease modifications related to the 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 of the CARES Act was amended on December 27, 2020 to extend 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 chose 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 loan 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 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 is 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 annually with interest over twenty-five years The Bank has a defined contribution plan under section 401(k) of the Internal Revenue Code. This plan covers all Bank employees with at least twelve months of service. The Bank’s contributions to this plan are discretionary and begin after one year of service. Employee contributions are voluntary. Employees vest immediately in their own contributions, and vest in the Bank’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 of 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Foreclosed real estate ​ $ 27 ​ $ 45 Repossessed assets ​ — ​ — ​ ​ $ 27 ​ $ 45 ​ 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 and repossessed assets, are charged to other noninterest expenses and were approximately $7,000 and $40,000 for years ended 2021 and 2020, respectively. At December 31, 2021 there were 12 one- to four-family residential mortgage loans and two home equity loans in the process of foreclosure for a total of 783,000. 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.
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, 2021 and 2020, 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, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ ​ Unrealized gains on securities available-for-sale: ​ ​ Unrealized holding (gains) losses arising during the period ​ $ 133 ​ $ (242) Reclassification adjustment for net gains included in net income ​ 2 ​ 225 Net unrealized gains on securities available-for-sale ​ 135 ​ (17) Defined benefit pension plan: ​ ​ Net plan gains arising during the period ​ (231) ​ (20) Reclassification of amortization of net losses and prior service credit recognized in net pension expense ​ (23) ​ (29) Net change in defined benefit pension plan asset ​ (254) ​ (49) ​ ​ $ (119) ​ $ (66) ​ 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 ​ ​ on Securities ​ Benefit ​ Comprehensive (In thousands) Available-for-Sale Pension Plan Loss ​ ​ ​ Balance, January 1, 2021 ​ $ 723 ​ $ (2,138) ​ $ (1,415) Other comprehensive (income) loss before reclassifications ​ (500) ​ 867 ​ 367 Amounts reclassified from AOCI to the income statement ​ (8) ​ 90 ​ 82 Net current-period other comprehensive income (loss) ​ (508) ​ 957 ​ 449 Balance, December 31, 2021 ​ $ 215 ​ $ (1,181) ​ $ (966) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2020 ​ $ 658 ​ $ (2,320) ​ $ (1,662) Other comprehensive income 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)
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 2,352,000 and 2,453,000 (1) 1
Recently Adopted and Recently Issued Accounting Pronouncements.	r. Recently Adopted and Recently Issued Accounting Pronouncements 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 are not 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, such as the Company, 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 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 is developing its approach for determining expected credit losses under the new guidance, including the licensing of new software, working on model development, model validation, development of a qualitative framework, and data sourcing. The total impact of CECL to the Company’s financial statements is unknown but may be material. The Company will adopt CECL effective January 1, 2023. For additional information on the allowance for loan losses, see Notes 5 and 6 to these condensed consolidated financial statements.
Reclassification	s. Reclassifications Certain reclassifications have been made to the 2020 consolidated financial statements to conform to the 2021 consolidated financial statement presentation. These reclassifications had no effect on net earnings.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Summary of Significant Accounting Policies
Summary of Foreclosed real estate and repossessed assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Foreclosed real estate ​ $ 27 ​ $ 45 Repossessed assets ​ — ​ — ​ ​ $ 27 ​ $ 45
Income tax (expense) benefit allocated to component of other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For Years Ended ​ ​ December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ ​ Unrealized gains on securities available-for-sale: ​ ​ Unrealized holding (gains) losses arising during the period ​ $ 133 ​ $ (242) Reclassification adjustment for net gains included in net income ​ 2 ​ 225 Net unrealized gains on securities available-for-sale ​ 135 ​ (17) Defined benefit pension plan: ​ ​ Net plan gains arising during the period ​ (231) ​ (20) Reclassification of amortization of net losses and prior service credit recognized in net pension expense ​ (23) ​ (29) Net change in defined benefit pension plan asset ​ (254) ​ (49) ​ ​ $ (119) ​ $ (66)
Schedule of Other comprehensive income information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ Accumulated ​ ​ (Losses) Gains ​ Defined ​ Other ​ ​ on Securities ​ Benefit ​ Comprehensive (In thousands) Available-for-Sale Pension Plan Loss ​ ​ ​ Balance, January 1, 2021 ​ $ 723 ​ $ (2,138) ​ $ (1,415) Other comprehensive (income) loss before reclassifications ​ (500) ​ 867 ​ 367 Amounts reclassified from AOCI to the income statement ​ (8) ​ 90 ​ 82 Net current-period other comprehensive income (loss) ​ (508) ​ 957 ​ 449 Balance, December 31, 2021 ​ $ 215 ​ $ (1,181) ​ $ (966) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2020 ​ $ 658 ​ $ (2,320) ​ $ (1,662) Other comprehensive income 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)

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Securities
Schedule of investments in securities available-for-sale and held-to-maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (in thousands) Cost Gains Losses Value Securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed - US agency and GSEs ​ $ 33 ​ $ 1 ​ $ (1) ​ $ 33 Corporate bonds ​ ​ 18,589 ​ ​ 266 ​ ​ (812) ​ ​ 18,043 State and political subdivisions ​ 18,081 ​ 887 ​ (69) ​ 18,899 Total securities available-for-sale ​ $ 36,703 ​ $ 1,154 ​ $ (882) ​ $ 36,975 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held-to-maturity: ​ ​ ​ ​ Residential mortgage-backed - US agency and GSEs ​ $ 1,128 ​ $ 25 ​ $ (3) ​ $ 1,150 Total securities held-to-maturity ​ $ 1,128 ​ $ 25 ​ $ (3) ​ $ 1,150 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities: ​ ​ ​ ​ Large cap equity mutual fund ​ $ 45 ​ ​ ​ $ 45 Other mutual funds ​ 305 ​ ​ ​ 305 Total of equity securities ​ $ 350 ​ ​ ​ $ 350 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ 917 ​ (1) ​ 17,887 Total securities available-for-sale ​ $ 17,010 ​ $ 918 ​ $ (2) ​ $ 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
Schedule of gross unrealized losses on investment securities and the fair value of the related securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ 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 ​ $ — ​ $ — ​ $ 23 ​ $ (1) ​ $ 23 ​ $ (1) Corporate bonds ​ ​ 9,925 ​ ​ (812) ​ ​ — ​ ​ — ​ ​ 9,925 ​ ​ (812) State and political subdivisions ​ 4,774 ​ (69) ​ — ​ — ​ 4,774 ​ (69) Total securities available-for-sale ​ $ 14,699 ​ $ (881) ​ $ 23 ​ $ (1) ​ $ 14,722 ​ $ (882) Securities held-to-maturity: ​ ​ ​ ​ ​ ​ Residential mortgage-backed - US agency and GSEs ​ $ — ​ $ — ​ $ 156 ​ $ (3) ​ $ 156 ​ $ (3) Total securities held-to-maturity ​ $ — ​ $ — ​ $ 156 ​ $ (3) ​ $ 156 ​ $ (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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) State and political subdivisions ​ 1,066 ​ (1) ​ — ​ — ​ 1,066 ​ (1) Total securities available-for-sale ​ $ 1,090 ​ $ (2) ​ $ 2 ​ $ — ​ $ 1,092 ​ $ (2) 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) ​ ​ ​ ​ ​ ​ ​
Summary of the amortized cost and estimated fair values of debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ 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 ​ $ 951 ​ $ 955 ​ $ — ​ $ — Due over one year through five years ​ 1,738 ​ 1,756 ​ — ​ — Due over five through ten years ​ 5,912 ​ 5,904 ​ — ​ — Due after ten years ​ 28,069 ​ 28,327 ​ — ​ — ​ ​ 36,670 ​ 36,942 ​ — ​ — Residential mortgage-backed securities ​ 33 ​ 33 ​ 1,128 ​ 1,150 Total ​ $ 36,703 ​ $ 36,975 ​ $ 1,128 ​ $ 1,150
Gross realized gains (losses) on sales and redemptions of securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ Realized gains ​ $ 10 ​ $ 1,100 ​ ​ $ 10 ​ $ 1,100

Loans Receivable (Tables)

Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2021
Loans Receivable
Schedule of major classifications of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ Originated Loans: ​ ​ Residential mortgages: ​ ​ One- to four-family ​ $ 102,766 ​ $ 113,254 ​ ​ 102,766 ​ 113,254 Commercial loans: ​ ​ Real estate - nonresidential ​ 19,734 ​ 22,812 Multi-family ​ 456 ​ 5,125 Commercial business ​ 12,366 ​ 20,178 ​ ​ 32,556 ​ 48,115 Consumer: ​ ​ Home equity and junior liens ​ 8,840 ​ 9,981 Manufactured homes ​ 47,717 ​ 44,347 Automobile ​ 22,666 ​ 21,469 Student ​ 2,096 ​ 2,259 Recreational vehicle ​ ​ 29,463 ​ ​ 14,557 Other consumer ​ 5,408 ​ 4,081 ​ ​ 116,190 ​ 96,694 Total originated loans ​ 251,512 ​ 258,063 Net deferred loan costs ​ 15,650 ​ 11,854 Less allowance for loan losses ​ (1,841) ​ (1,821) Net originated loans ​ $ 265,321 ​ $ 268,096 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Acquired Loans: ​ ​ ​ ​ Residential mortgages: ​ ​ One- to four-family ​ $ 10,295 ​ $ 14,102 ​ ​ 10,295 ​ 14,102 Commercial loans: ​ ​ Real estate - nonresidential ​ 1,744 ​ 1,942 Commercial business ​ 162 ​ 327 ​ ​ 1,906 ​ 2,269 Consumer: ​ ​ Home equity and junior liens ​ 861 ​ 1,406 Other consumer ​ 84 ​ 190 ​ ​ 945 ​ 1,596 Total acquired loans ​ 13,146 ​ 17,967 Net deferred loan costs ​ (60) ​ (67) Fair value credit and yield adjustment ​ (287) ​ (356) Net acquired loans ​ $ 12,799 ​ $ 17,544 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Total Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ One- to four-family ​ $ 113,061 ​ $ 127,356 ​ ​ 113,061 ​ 127,356 Commercial loans: ​ ​ Real estate - nonresidential ​ 21,478 ​ 24,754 Multi-family ​ 456 ​ 5,125 Commercial business ​ 12,528 ​ 20,505 ​ ​ 34,462 ​ 50,384 Consumer: ​ ​ Home equity and junior liens ​ 9,701 ​ 11,387 Manufactured homes ​ 47,717 ​ 44,347 Automobile ​ 22,666 ​ 21,469 Student ​ 2,096 ​ 2,259 Recreational vehicle ​ ​ 29,463 ​ ​ 14,557 Other consumer ​ 5,492 ​ 4,271 ​ ​ 117,135 ​ 98,290 Total Loans ​ 264,658 ​ 276,030 Net deferred loan costs ​ 15,590 ​ 11,787 Fair value credit and yield adjustment ​ (287) ​ (356) Less allowance for loan losses ​ (1,841) ​ (1,821) Loans receivable, net ​ $ 278,120 ​ $ 285,640
Summary of loan portfolio by Company's internal risk rating system	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Pass Mention Substandard Doubtful Total Originated Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ ​ One- to four-family ​ $ 99,294 ​ $ 1,110 ​ $ 2,362 ​ $ — ​ $ 102,766 ​ ​ 99,294 ​ 1,110 ​ 2,362 ​ — ​ 102,766 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ 14,464 ​ 3,045 ​ 2,225 ​ — ​ 19,734 Multi-family ​ 456 ​ — ​ — ​ — ​ 456 Commercial business ​ 10,256 ​ 1,112 ​ 998 ​ — ​ 12,366 ​ ​ 25,176 ​ 4,157 ​ 3,223 ​ — ​ 32,556 Consumer: ​ ​ ​ ​ ​ Home equity and junior liens ​ 8,753 ​ 41 ​ 46 ​ — ​ 8,840 Manufactured homes ​ 47,717 ​ — ​ — ​ — ​ 47,717 Automobile ​ 22,558 ​ 64 ​ 44 ​ — ​ 22,666 Student ​ 2,096 ​ — ​ — ​ — ​ 2,096 Recreational vehicle ​ ​ 29,424 ​ ​ 39 ​ ​ — ​ ​ — ​ ​ 29,463 Other consumer ​ 5,376 ​ 32 ​ — ​ — ​ 5,408 ​ ​ 115,924 ​ 176 ​ 90 ​ — ​ 116,190 Total originated loans ​ $ 240,394 ​ $ 5,443 ​ $ 5,675 ​ $ — ​ $ 251,512 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Pass Mention Substandard Doubtful Total Acquired Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ ​ One- to four-family ​ $ 10,038 ​ $ 42 ​ $ 215 ​ $ — ​ $ 10,295 ​ ​ 10,038 ​ 42 ​ 215 ​ — ​ 10,295 Commercial loans: ​ ​ ​ ​ ​ Real estate - nonresidential ​ 1,744 ​ — ​ — ​ — ​ 1,744 Commercial business ​ 162 ​ — ​ — ​ — ​ 162 ​ ​ 1,906 ​ — ​ — ​ — ​ 1,906 Consumer: ​ ​ ​ ​ ​ Home equity and junior liens ​ 841 ​ — ​ 20 ​ — ​ 861 Other consumer ​ 84 ​ — ​ — ​ — ​ 84 ​ ​ 925 ​ — ​ 20 ​ — ​ 945 Total acquired loans ​ $ 12,869 ​ $ 42 ​ $ 235 ​ $ — ​ $ 13,146 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Pass Mention Substandard Doubtful Total Total Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ ​ One- to four-family ​ $ 109,332 ​ $ 1,152 ​ $ 2,577 ​ $ — ​ $ 113,061 ​ ​ 109,332 ​ 1,152 ​ 2,577 ​ — ​ 113,061 Commercial loans: ​ ​ ​ ​ ​ Real estate - nonresidential ​ 16,208 ​ 3,045 ​ 2,225 ​ — ​ 21,478 Multi-family ​ 456 ​ — ​ — ​ — ​ 456 Commercial business ​ 10,418 ​ 1,112 ​ 998 ​ — ​ 12,528 ​ ​ 27,082 ​ 4,157 ​ 3,223 ​ — ​ 34,462 Consumer: ​ ​ ​ ​ ​ Home equity and junior liens ​ 9,594 ​ 41 ​ 66 ​ — ​ 9,701 Manufactured homes ​ 47,717 ​ — ​ — ​ — ​ 47,717 Automobile ​ 22,558 ​ 64 ​ 44 ​ — ​ 22,666 Student ​ 2,096 ​ — ​ — ​ — ​ 2,096 Recreational vehicle ​ ​ 29,424 ​ ​ 39 ​ ​ — ​ ​ — ​ ​ 29,463 Other consumer ​ 5,460 ​ 32 ​ — ​ — ​ 5,492 ​ ​ 116,849 ​ 176 ​ 110 ​ — ​ 117,135 Total loans ​ $ 253,263 ​ $ 5,485 ​ $ 5,910 ​ $ — ​ $ 264,658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ ​ 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 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Pass Mention Substandard Doubtful Total Total Loans: ​ ​ ​ ​ ​ Residential mortgages: ​ ​ ​ ​ ​ One- to four-family ​ $ 123,421 ​ $ 690 ​ $ 3,245 ​ $ — ​ $ 127,356 ​ ​ 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 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
Schedule of age analysis of past due loans, segregated by class of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 3,137 ​ $ 757 ​ $ 2,362 ​ $ 6,256 ​ $ 96,510 ​ $ 102,766 ​ ​ 3,137 ​ 757 ​ 2,362 ​ 6,256 ​ 96,510 ​ 102,766 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ 389 ​ — ​ 416 ​ 805 ​ 18,929 ​ 19,734 Multi-family ​ — ​ — ​ — ​ — ​ 456 ​ 456 Commercial business ​ — ​ 8 ​ 161 ​ 169 ​ 12,197 ​ 12,366 ​ ​ 389 ​ 8 ​ 577 ​ 974 ​ 31,582 ​ 32,556 Consumer loans: ​ ​ ​ ​ ​ ​ Home equity and junior liens ​ 149 ​ 31 ​ 46 ​ 226 ​ 8,614 ​ 8,840 Manufactured homes ​ 922 ​ 615 ​ — ​ 1,537 ​ 46,180 ​ 47,717 Automobile ​ 168 ​ 64 ​ 44 ​ 276 ​ 22,390 ​ 22,666 Student ​ 95 ​ — ​ — ​ 95 ​ 2,001 ​ 2,096 Recreational vehicle ​ ​ 605 ​ ​ 39 ​ ​ — ​ ​ 644 ​ ​ 28,819 ​ ​ 29,463 Other consumer ​ 75 ​ 32 ​ — ​ 107 ​ 5,301 ​ 5,408 ​ ​ 2,014 ​ 781 ​ 90 ​ 2,885 ​ 113,305 ​ 116,190 Total originated loans ​ $ 5,540 ​ $ 1,546 ​ $ 3,029 ​ $ 10,115 ​ $ 241,397 ​ $ 251,512 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 318 ​ $ 68 ​ $ 215 ​ $ 601 ​ $ 9,694 ​ $ 10,295 ​ ​ 318 ​ 68 ​ 215 ​ 601 ​ 9,694 ​ 10,295 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ — ​ — ​ — ​ — ​ 1,744 ​ 1,744 Commercial business ​ 27 ​ — ​ — ​ 27 ​ 135 ​ 162 ​ ​ 27 ​ — ​ — ​ 27 ​ 1,879 ​ 1,906 Consumer loans: ​ ​ ​ ​ ​ ​ Home equity and junior liens ​ — ​ — ​ 20 ​ 20 ​ 841 ​ 861 Other consumer ​ — ​ — ​ — ​ — ​ 84 ​ 84 ​ ​ — ​ — ​ 20 ​ 20 ​ 925 ​ 945 Total acquired loans ​ $ 345 ​ $ 68 ​ $ 235 ​ $ 648 ​ $ 12,498 ​ $ 13,146 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 3,455 ​ $ 825 ​ $ 2,577 ​ $ 6,857 ​ $ 106,204 ​ $ 113,061 ​ ​ 3,455 ​ 825 ​ 2,577 ​ 6,857 ​ 106,204 ​ 113,061 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ 389 ​ — ​ 416 ​ 805 ​ 20,673 ​ 21,478 Multi-family ​ — ​ — ​ — ​ — ​ 456 ​ 456 Commercial business ​ 27 ​ 8 ​ 161 ​ 196 ​ 12,332 ​ 12,528 ​ ​ 416 ​ 8 ​ 577 ​ 1,001 ​ 33,461 ​ 34,462 Consumer loans: ​ ​ ​ ​ ​ ​ Home equity and junior liens ​ 149 ​ 31 ​ 66 ​ 246 ​ 9,455 ​ 9,701 Manufactured homes ​ 922 ​ 615 ​ — ​ 1,537 ​ 46,180 ​ 47,717 Automobile ​ 168 ​ 64 ​ 44 ​ 276 ​ 22,390 ​ 22,666 Student ​ 95 ​ — ​ — ​ 95 ​ 2,001 ​ 2,096 Recreational vehicle ​ ​ 605 ​ ​ 39 ​ ​ — ​ ​ 644 ​ ​ 28,819 ​ ​ 29,463 Other consumer ​ 75 ​ 32 ​ — ​ 107 ​ 5,385 ​ 5,492 ​ ​ 2,014 ​ 781 ​ 110 ​ 2,905 ​ 114,230 ​ 117,135 Total loans ​ $ 5,885 ​ $ 1,614 ​ $ 3,264 ​ $ 10,763 ​ $ 253,895 ​ $ 264,658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ ​ 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 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 Acquired Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans: ​ ​ ​ ​ ​ ​ One- to four-family ​ $ 223 ​ $ 48 ​ $ 370 ​ $ 641 ​ $ 13,461 ​ $ 14,102 ​ ​ 223 ​ 48 ​ 370 ​ 641 ​ 13,461 ​ 14,102 Commercial loans: ​ ​ ​ ​ ​ ​ Real estate - nonresidential ​ — ​ — ​ — ​ — ​ 1,942 ​ 1,942 Commercial business ​ — ​ 15 ​ — ​ 15 ​ 312 ​ 327 Other commercial and industrial ​ — ​ 15 ​ — ​ 15 ​ 2,254 ​ 2,269 ​ ​ ​ ​ ​ ​ ​ Consumer loans: ​ 46 ​ 6 ​ 44 ​ 96 ​ 1,310 ​ 1,406 Home equity and junior liens ​ — ​ — ​ 2 ​ 2 ​ 188 ​ 190 Other consumer ​ 46 ​ 6 ​ 46 ​ 98 ​ 1,498 ​ 1,596 ​ ​ $ 269 ​ $ 69 ​ $ 416 ​ $ 754 ​ $ 17,213 ​ $ 17,967 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 Total Loans: ​ ​ ​ ​ ​ ​ Residential mortgage loans: ​ ​ ​ ​ ​ ​ One- to four-family ​ $ 2,568 ​ $ 739 ​ $ 3,245 ​ $ 6,552 ​ $ 120,804 ​ $ 127,356 ​ ​ 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 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
Non-accrual loans, segregated by class of loan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans: ​ ​ ​ ​ ​ One- to four-family ​ $ 2,577 ​ $ 3,245 ​ Construction ​ — ​ — ​ ​ ​ 2,577 ​ 3,245 ​ Commercial loans: ​ ​ ​ Real estate - nonresidential ​ 416 ​ 1,103 ​ Multi-family ​ — ​ 42 ​ Commercial business ​ 161 ​ 688 ​ ​ ​ 577 ​ 1,833 ​ Consumer loans: ​ ​ ​ Home equity and junior liens ​ 66 ​ 102 ​ Manufactured homes ​ — ​ 75 ​ Automobile ​ 44 ​ 33 ​ Other consumer ​ — ​ 31 ​ ​ ​ 110 ​ 241 ​ Total non-accrual loans ​ $ 3,264 ​ $ 5,319 ​
Summary of impaired loans information by portfolio class	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (In thousands) Investment Balance Allowance ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ One- to four-family residential mortgages ​ $ 2,352 ​ $ 2,423 ​ $ — Commercial real estate - nonresidential ​ 416 ​ 516 ​ — Commercial business ​ 73 ​ 73 ​ — Home equity and junior liens ​ 67 ​ 67 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ One- to four-family residential mortgages ​ 224 ​ 224 ​ 7 Commercial business ​ 55 ​ 55 ​ 12 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ One- to four-family residential mortgages ​ 2,576 ​ 2,647 ​ 7 Commercial real estate - nonresidential ​ 416 ​ 516 ​ — Commercial business ​ 128 ​ 128 ​ 12 Home equity and junior liens ​ 67 ​ 67 ​ — ​ ​ $ 3,187 ​ $ 3,358 ​ $ 19 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 ​ $ — Commercial real estate - nonresidential ​ 1,198 ​ 1,548 ​ — Commercial business ​ 782 ​ 782 ​ — Home equity and junior liens ​ 109 ​ 109 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ One- to four-family residential mortgages ​ 429 ​ 429 ​ 21 Multi-family ​ 42 ​ 42 ​ 7 Commercial business ​ 713 ​ 713 ​ 265 Automobile ​ 41 ​ 41 ​ 10 Other consumer ​ 2 ​ 2 ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ One- to four-family residential mortgages ​ 3,265 ​ 3,366 ​ 21 Commercial real estate - nonresidential ​ 1,198 ​ 1,548 ​ — Multi-family ​ 42 ​ 42 ​ 7 Commercial business ​ 1,495 ​ 1,495 ​ 265 Home equity and junior liens ​ 109 ​ 109 ​ — Automobile ​ 41 ​ 41 ​ 10 Other consumer ​ 2 ​ 2 ​ 2 ​ ​ $ 6,152 ​ $ 6,603 ​ $ 305 ​ The following table represents the average recorded investment in impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 ​ 2020 ​ ​ One- to four-family residential mortgages ​ $ 2,607 ​ $ 3,336 Commercial real estate - nonresidential ​ 416 ​ 1,523 Multi-family ​ — ​ 42 Commercial business ​ 130 ​ 1,572 Home equity and junior liens ​ 71 ​ 110 Automobile ​ — ​ 46 Other consumer ​ — ​ 2 ​ ​ ​ 3,224 ​ $ 6,631 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ One- to four-family residential mortgages ​ $ 78 ​ $ 110 Commercial real estate - nonresidential ​ 1 ​ 19 Multi-family ​ — ​ 1 Commercial business ​ ​ 1 ​ ​ 54 Home equity and junior liens ​ ​ 2 ​ ​ 7 Automobile ​ ​ — ​ ​ 4 ​ ​ $ 82 ​ $ 195

Allowance for Loan Loss (Tables

Allowance for Loan Loss (Tables)	12 Months Ended
	Dec. 31, 2021
Allowance for Loan Loss
Changes in the allowance for loan losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ One- to four- ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ family ​ residential ​ Real estate ​ ​ ​ Construction ​ Commercial (In thousands) residential mortgage nonresidential Multi-family commercial business Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 457 ​ $ — ​ $ 319 $ 26 ​ $ — ​ $ 617 Charge-offs ​ (117) ​ — ​ (386) ​ — ​ — ​ (84) Recoveries ​ 28 ​ — ​ 16 ​ 12 ​ — ​ 7 Provision (credit) for loan losses ​ 320 ​ — ​ 681 ​ (36) ​ — ​ (379) Ending balance ​ $ 688 ​ $ — ​ $ 630 $ 2 ​ $ — ​ $ 161 Ending balance: related to loans individually evaluated for impairment ​ $ 7 ​ $ — ​ $ — $ — ​ $ — ​ $ 12 Ending balance: related to loans collectively evaluated for impairment ​ $ 681 ​ $ — ​ $ 630 $ 2 ​ $ — ​ $ 149 Loans receivable: ​ ​ ​ ​ ​ ​ Ending balance ​ $ 113,061 ​ $ — ​ $ 21,478 $ 456 ​ $ — ​ $ 12,528 Ending balance: individually evaluated for impairment ​ $ 2,576 ​ $ — ​ $ 416 $ — ​ $ — ​ $ 128 Ending balance: collectively evaluated for impairment ​ $ 110,485 ​ $ — ​ $ 21,062 $ 456 ​ $ — ​ $ 12,400 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 (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 ​ $ 46 ​ $ 76 ​ $ 127 ​ $ 69 ​ $ — ​ $ 84 ​ $ — ​ $ 1,821 Charge-offs ​ (2) ​ — ​ (12) ​ — ​ (1) ​ (45) ​ — ​ (647) Recoveries ​ — ​ — ​ 48 ​ 3 ​ 8 ​ 5 ​ — ​ 127 Provision (credit) for loan losses ​ (5) ​ 26 ​ (56) ​ (8) ​ (7) ​ 4 ​ — ​ 540 Ending balance ​ $ 39 ​ $ 102 ​ $ 107 ​ $ 64 ​ $ — ​ $ 48 ​ $ — ​ $ 1,841 Ending balance: related to loans individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 19 Ending balance: related to loans collectively evaluated for impairment ​ $ 39 ​ $ 102 ​ $ 107 ​ $ 64 ​ $ — ​ $ 48 ​ $ — ​ $ 1,822 Loans receivable: ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 9,701 ​ $ 47,717 ​ $ 22,666 ​ $ 2,096 ​ $ 29,463 ​ $ 5,492 ​ $ — ​ $ 264,658 Ending balance: individually evaluated for impairment ​ $ 67 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 3,187 Ending balance: collectively evaluated for impairment ​ $ 9,634 ​ $ 47,717 ​ $ 22,666 ​ $ 2,096 ​ $ 29,463 ​ $ 5,492 ​ $ — ​ $ 261,471 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ One- to four- ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ family residential 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 (credit) 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended 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 (credit) 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

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Premises and Equipment
Schedule of Premises and Equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 Premises: ​ ​ ​ ​ Land ​ $ 3,867 ​ $ 3,884 Buildings and improvements ​ 18,049 ​ 19,041 Equipment ​ 7,256 ​ 6,810 Construction in progress ​ 31 ​ 206 ​ ​ 29,203 ​ 29,941 Less: Accumulated depreciation ​ 13,858 ​ 13,198 ​ ​ $ 15,345 ​ $ 16,743

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2021
Intangible Assets and Goodwill
Schedule of Intangible Assets and Goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Accumulated ​ Net (in thousands) Amount Amortization Value Amortized intangible assets: ​ ​ ​ Non-compete agreements ​ $ 5 ​ $ (4) ​ $ 1 Core deposit intangible ​ 964 ​ (182) ​ 782 Goodwill ​ 792 ​ — ​ 792 ​ ​ $ 1,761 ​ $ (186) ​ $ 1,575 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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
Schedule of Amortization	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization For Years Ended December 31, Expense (In thousands) ​ ​ ​ 2022 ​ $ 64 2023 ​ 64 2024 ​ 64 2025 ​ 64 2026 ​ 64 ​ ​ $ 320

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits
Schedule of deposits, by deposit type	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) ​ 2021 ​ 2020 Checking accounts, non-interest bearing ​ $ 57,540 ​ $ 65,673 Checking accounts, interest-bearing ​ 37,169 ​ 31,745 Money market accounts ​ 31,333 ​ 26,334 Savings accounts ​ 110,272 ​ 102,307 Time deposits ​ 75,735 ​ 83,487 ​ ​ $ 312,049 ​ $ 309,546
Schedule of maturities of time deposits, including those that were obtained through the third party broker	​ ​ ​ ​ ​ ​ ​ (In thousands) ​ At December 31, 2021 ​ ​ ​ 2022 ​ $ 56,353 2023 ​ 10,862 2024 ​ 5,468 2025 ​ 1,935 2026 ​ 732 Thereafter ​ 385 ​ ​ $ 75,735

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Borrowings
Schedule of composition of borrowings	​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Long-term: ​ ​ FHLB fixed-rate term advances ​ $ 3,300 ​ $ 4,300 FHLB fixed-rate amortizing advances ​ 14,460 ​ 23,328 Total long-term borrowings ​ $ 17,760 ​ $ 27,628 Subordinated debt ​ $ — ​ $ 1,235
Schedule of principal balances and interest rates of fixed rate borrowings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 (In thousands) ​ Principal ​ Rates Long-term: ​ ​ FHLB fixed-rate term advances ​ $ 3,300 ​ 1.45%-2.48 % FHLB fixed-rate amortizing advances ​ 14,460 ​ 0.96%-3.03 % Total long-term borrowings ​ $ 17,760 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 (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 %
Schedule of maturities of borrowings	​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 Long-term: ​ ​ ​ Due within 1 year ​ $ 6,457 ​ $ 10,282 Due within 2 years ​ 3,153 ​ 7,898 Due within 3 years ​ 5,250 ​ 3,785 Due within 4 years ​ 1,375 ​ 4,926 Due within 5 years ​ 932 ​ 1,796 Thereafter ​ 593 ​ 176 Total long-term borrowings ​ $ 17,760 ​ $ 28,863

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Taxes
Schedule of the Company's benefit for income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 Current tax expense (benefit): ​ ​ Federal ​ $ 21 ​ $ (781) State ​ 78 ​ 15 Total current tax expense (benefit) ​ 99 ​ (766) Deferred tax expense: ​ ​ Federal ​ 184 ​ 662 Total deferred tax expense ​ 184 ​ 662 Expense (benefit) for income taxes ​ $ 283 ​ $ (104)
Schedule of the deferred tax assets and deferred tax liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 Assets: ​ ​ ​ ​ ​ ​ Deferred compensation ​ $ 227 ​ $ 111 Allowance for loan losses ​ 447 ​ 458 Net operating loss carryforward ​ 859 ​ 847 Mortgage recording tax credit ​ — ​ 3 Nonaccrual interest ​ 46 ​ 82 Other ​ 101 ​ 72 ​ ​ 1,680 ​ 1,573 Liabilities: ​ ​ Pension ​ (2,332) ​ (1,831) Intangible assets ​ (210) ​ (222) Investment securities, unrealized gains ​ (105) ​ (144) Mortgage servicing rights ​ (3) ​ (4) Depreciation ​ (143) ​ (152) Other ​ (5) ​ (6) ​ ​ (2,798) ​ (2,359) Net deferred tax liability ​ $ (1,118) ​ $ (786)
Schedule of reconciliation of the federal statutory income tax rate to the effective income tax rate	​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2021 2020 ​ ​ ​ ​ ​ Federal statutory income tax rate 21.0 % 21.0 % State tax, net of federal benefit 3.6 % 0.7 % Bank owned life insurance and other permanent differences (0.1) % (2.1) % Tax exempt income (4.7) % (9.8) % Tax rate differential for NOL carryback — % (18.9) % Other (3.1) % 2.8 % Effective income tax rate 16.7 % (6.3) %

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Employee Benefit Plans
Summary of changes in the Plans' benefit obligations, fair value of plan assets and the plans' funded status	​ ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: ​ At December 31, (In thousands) 2021 2020 Change in benefit obligations: ​ Benefit obligations at beginning of year ​ $ 12,005 ​ $ 11,048 Service Cost ​ ​ 458 ​ ​ 413 Interest cost ​ 420 ​ 448 Actuarial loss ​ 289 ​ 946 Benefit paid ​ (1,062) ​ (850) Benefit obligations at end of year ​ 12,110 ​ 12,005 Change in plan assets: ​ ​ Fair value of plan assets at beginning of year ​ ​ 18,332 ​ ​ 16,679 Actual return on plan assets ​ ​ 2,646 ​ ​ 2,222 Benefits paid ​ ​ (1,062) ​ ​ (850) Employer contributions ​ ​ 365 ​ ​ 281 Fair value of plan assets at end of year ​ ​ 20,281 ​ ​ 18,332 ​ ​ ​ ​ ​ ​ ​ Funded Status ​ $ 8,171 ​ $ 6,327 ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: At December 31, (In thousands) ​ 2021 ​ 2020 Change in benefit obligations: ​ ​ ​ ​ ​ ​ Benefit obligations at beginning of year ​ $ 3,501 ​ $ 3,489 Service cost ​ ​ 31 ​ ​ 28 Interest cost ​ ​ 130 ​ ​ 143 Actuarial loss ​ ​ 26 ​ ​ 130 Benefits paid ​ ​ (387) ​ ​ (289) Benefit obligations at end of year ​ ​ 3,301 ​ ​ 3,501 Change in plan assets: ​ ​ ​ ​ ​ ​ Fair value of plan assets at beginning of year ​ ​ 5,894 ​ ​ 5,463 Actual return on plan assets ​ ​ 712 ​ ​ 720 Benefits paid ​ ​ (386) ​ ​ (289) Employer contributions ​ ​ 17 ​ ​ — Fair value of plan assets at end of year ​ ​ 6,237 ​ ​ 5,894 ​ ​ ​ ​ ​ ​ ​ Funded Status ​ $ 2,936 ​ $ 2,393 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amounts recognized in accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: Year Ended December 31, (In thousands) 2021 2020 Unrecognized net loss ​ $ 1,924 ​ $ 2,913 Tax Effect ​ 404 ​ 612 ​ ​ $ 1,520 ​ $ 2,301 ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: Year Ended December 31, (In thousands) 2021 2020 Unrecognized net gain ​ $ (429) ​ $ (207) Tax Effect ​ (90) ​ (43) ​ ​ $ (339) ​ $ (164)
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: Year Ended December 31, (In thousands) 2021 2020 Net periodic expenses recognized in income: ​ ​ ​ ​ Service cost ​ $ 458 ​ $ 413 Interest cost ​ 420 ​ 448 Expected return on plan assets ​ (1,481) ​ (1,340) Amortization of net losses ​ 114 ​ 135 Net periodic pension benefit ​ (489) ​ (344) Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss: ​ ​ Net actuarial gain ​ (875) ​ 63 Amortization of net actuarial loss ​ (114) ​ (135) Total recognized in other comprehensive income ​ (989) ​ (72) Total recognized in net periodic pension benefit and other comprehensive income ​ $ (1,478) ​ $ (416) ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: Year Ended December 31, (In thousands) 2021 2020 Net periodic expenses recognized in income: ​ ​ ​ ​ Service cost ​ $ 31 ​ $ 28 Interest cost ​ 130 ​ 143 Expected return on plan assets ​ (464) ​ (430) Net periodic pension benefit ​ (303) ​ (259) Other changes in plan assets and benefit obligations ​ ​ recognized in other comprehensive (income) loss: ​ ​ Net actuarial gain ​ (222) ​ (160) Total recognized in other comprehensive income ​ (222) ​ (160) Total recognized in net periodic pension benefit and other comprehensive income ​ $ (525) ​ $ (419)
Schedule of assumptions used to determine benefit obligations and net periodic expense	​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, Generations Bank Plan: 2021 ​ 2020 Weighted average discount rate ​ 3.42 % ​ 3.55 % Rate of increase in future compensation levels ​ 4.00 % ​ 4.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, Medina Savings and Loan Plan: 2021 ​ 2020 Weighted average discount rate 3.44 % ​ 3.83 % Rate of increase in future compensation levels 4.00 % ​ 3.00 % ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: At December 31, ​ 2021 2020 Weighted average discount rate ​ 3.55 % 4.13 % Long-term rate of return on plan assets ​ 8.00 % 8.00 % Rate of increase in future compensation levels ​ 4.00 % 4.00 % ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: ​ At December 31, ​ ​ 2021 2020 Weighted average discount rate ​ 3.83 % 4.20 % Long-term rate of return on plan assets ​ 8.00 % 8.00 % Rate of increase in future compensation levels ​ 3.00 % 3.00 %
Schedule of expected benefit payments	​ ​ ​ ​ ​ Generations Bank Plan: ​ (In thousands) ​ Amount ​ ​ ​ 2022 ​ $ 281 2023 ​ 341 2024 ​ 384 2025 ​ 401 2026 ​ 401 2027-2031 ​ 3,242 ​ ​ ​ ​ ​ Medina Savings and Loan Plan: ​ (In thousands) ​ ​ Amount ​ ​ 2022 ​ $ 189 2023 ​ 187 2024 ​ 186 2025 ​ 183 2026 ​ 181 2027-2031 ​ 928
Summary of pension plan assets measured at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: ​ ​ ​ ​ Equities and Commodities: ​ ​ ​ ​ (1) Equity Income Separate Account -Z ​ $ — ​ $ 1,631 ​ $ — ​ $ 1,631 (2) Large Cap S&P 500 Index Separate Account -Z ​ — ​ 3,280 ​ — ​ 3,280 (3) Blue Chip Separate Account-Z ​ — ​ 1,635 ​ — ​ 1,635 (4) Mid-Cap Value Separate Account -Z ​ — ​ 1,038 ​ — ​ 1,038 (5) Mid-Cap S&P 400 Index Separate Account Z ​ — ​ 1,458 ​ — ​ 1,458 (6) Mid-Cap Growth Separate Account-Z ​ — ​ 1,030 ​ — ​ 1,030 (7) Small-Cap Separate Account-Z ​ — ​ 1,248 ​ — ​ 1,248 (8) Small-Cap S&P 600 Index Separate Account Z ​ — ​ 1,247 ​ — ​ 1,247 (9) Intern'l Emerging Markets Separate Acct-Z ​ — ​ 818 ​ — ​ 818 Fixed Income: ​ ​ ​ ​ (10) Liquid Assets Separate Account-Z ​ — ​ 24 ​ — ​ 24 (11) LDI Short Durations Separate Account-Z ​ — ​ 982 ​ — ​ 982 (12) Core Fixed Income Separate Account-Z ​ — ​ 1,961 ​ — ​ 1,961 (13) Core Plus Bond Separate Account-Z ​ — ​ 3,929 ​ — ​ 3,929 Total ​ $ — ​ $ 20,281 ​ $ — ​ $ 20,281 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Generations Bank Plan: ​ At 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: ​ ​ ​ ​ Equities and Commodities: ​ ​ ​ ​ (1) Equity Income Separate Account -Z ​ $ — ​ $ 500 ​ $ — ​ $ 500 (2) Large Cap S&P 500 Index Separate Account -Z ​ — ​ 996 ​ — ​ 996 (3) Blue Chip Separate Account-Z ​ — ​ 494 ​ — ​ 494 (4) Mid-Cap Value Separate Account -Z ​ — ​ 316 ​ — ​ 316 (5) Mid-Cap S&P 400 Index Separate Account Z ​ — ​ 442 ​ — ​ 442 (6) Mid-Cap Growth Separate Account-Z ​ — ​ 309 ​ — ​ 309 (7) Small-Cap Separate Account-Z ​ — ​ 379 ​ — ​ 379 (8) Small-Cap S&P 600 Index Separate Account Z ​ — ​ 380 ​ — ​ 380 (9) Intern'l Emerging Markets Separate Acct-Z ​ — ​ 251 ​ — ​ 251 Fixed Income: ​ ​ ​ ​ (10) Liquid Assets Separate Account-Z ​ — ​ 16 ​ — ​ 16 (11) LDI Short Durations Separate Account-Z ​ — ​ 308 ​ — ​ 308 (12) Core Fixed Income Separate Account-Z ​ — ​ 615 ​ — ​ 615 (13) Core Plus Bond Separate Account-Z ​ — ​ 1,231 ​ — ​ 1,231 Total ​ $ — ​ $ 6,237 ​ $ — ​ $ 6,237 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Medina Savings and Loan Plan: ​ At December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Fair (In thousands) Level 1 Level 2 Level 3 Value Asset Category: ​ ​ ​ ​ Equities: ​ ​ ​ ​ (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) Equity Income Separate Account-Z: The investment seeks to provide current income and longterm growth of income and capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities at the time of purchase. It usually invests in equity securities of companies with large and medium market capitalizations. The fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. (2) The investment option normally invests the majority of assets in common stocks of companies that compose the S&P 500 Index. Management attempts to mirror the investment performance of the index by allocating assets in approximately the same weightings as the S&P 500 Index. Over the long-term, management seeks a very close correlation between the performance of the Separate Account before expenses and that of the S&P 500 Index. (3) The investment seeks long-term growth of capital. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with large market capitalizations at the time of purchase that, in the fund's investment advisor's opinion, display characteristics of a "blue chip" company. The advisor tends to focus on securities of companies that show potential for growth of capital as well as an expectation for above average earnings. The fund invests in securities of foreign companies, as well as companies with medium market capitalizations. (4) The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with medium market capitalizations at the time of purchase. It invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The fund also invests in real estate investment trusts. (5) The investment option normally invests the majority of assets in common stocks of companies that compose the S&P MidCap 400 Index. Management attempts to mirror the investment performance of the index by allocating assets in approximately the same weightings as the S&P MidCap 400 Index. Over the long-term, management seeks a very close correlation between the performance of the Separate Account before expenses and that of the S&P MidCap 400 Index. (6) The investment option primarily invests in common stocks of medium capitalization companies with strong earnings growth potential. It normally invests the majority of assets in companies with market capitalizations similar to those companies in the Russell MidCap Growth Index. Management uses a bottom-up approach in selection of individual securities that it believes have an above average potential for earnings growth. It may invest up to 25% of assets in foreign securities. (7) The investment seeks long-term growth of capital and primarily invests in common stocks of small capitalization companies. It normally invests the majority of assets in companies with market capitalizations similar to those of companies in the Russell 2000 Index. Management looks at stocks with value and/or growth characteristics and constructs an investment portfolio that has a blend of stocks with these characteristics. Management does not have a policy of preferring one of these styles to the other. The Separate Account may invest up to 25% of assets in foreign securities. (8) The investment seeks long-term growth of capital and normally invests the majority of assets in common stocks of companies that compose the S&P SmallCap 600 Index. Management attempts to mirror the investment performance of the index by allocating assets in approximately the same weightings as the S&P SmallCap 600 Index. Over the long-term, management seeks a very close correlation between the performance of the Separate Account before expenses and that of the S&P SmallCap 600 Index. (9) The investment option normally invests the majority of assets in equities of companies in emerging market countries. It invests in securities of companies with their principal place of business or principal office in emerging market countries; companies for which the principal securities trade in an emerging market; or companies, regardless of where their securities are traded, that derive 50% of their total revenue from either goods or services produced in emerging market countries. The fund may invest in securities of companies with small to medium market capitalizations. (10) The investment seeks as high a level of current income as is considered consistent with preservation of principal and maintenance of liquidity. It invests in a portfolio of high quality, short-term instruments. The investments are U.S. dollar denominated securities which the sub-advisor believes present minimal credit risks. The sub-advisor maintains a dollar weighted average portfolio maturity of 60 days or less. (11) The investment seeks to maximize total returns from the universe of debt securities in which the Portfolio invests. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in fixed income securities considered to be investment grade quality. In addition, the Portfolio is authorized to invest more than 25% of its total assets in U.S. Treasury bonds, bills and notes, and obligations of federal agencies and instrumentalities. (12) The investment seeks to provide a high level of current income consistent with preservation of capital. The fund invests primarily in a diversified pool of investment-grade fixed-income securities, including corporate securities, U.S. government securities, asset-backed securities and mortgage-backed securities. It maintains an average portfolio duration that is within from 75% to 125% of the duration of the Bloomberg Barclays US Aggregate Bond Index. (13) The investment option invests primarily in intermediate term, fixed-income investments such as public and private corporate bonds, commercial and residential mortgages, asset-backed securities, and US government and agency-backed securities. Value is added primarily through sector allocation and security selection. The Separate Account may enter into reverse repurchase agreements to attempt to enhance portfolio return and income. ​ ​

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2021
Regulatory Capital
Summary of actual capital amounts and ratios	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be "Well- ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ Capitalized" ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ Under Prompt ​ ​ ​ Actual ​ Adequacy Purposes ​ Corrective Provisions ​ (in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 ​ ​ ​ Common Equity Tier 1 Capital ​ $ 41,287 ​ 14.82 % $ 12,534 ​ 4.50 % $ 18,104 ​ 6.50 % Total Capital (to Risk-Weighted Assets) ​ $ 43,128 ​ 15.48 % $ 22,282 ​ 8.00 % $ 27,853 ​ 10.00 % Tier 1 Capital (to Risk-Weighted Assets) ​ $ 41,287 ​ 14.82 % $ 16,712 ​ 6.00 % $ 22,282 ​ 8.00 % Tier 1 Capital (to Total Adjusted Assets) ​ $ 41,287 ​ 10.99 % $ 15,034 ​ 4.00 % $ 18,792 ​ 5.00 % As of December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 31,942 ​ 12.18 % $ 11,798 ​ 4.50 % $ 17,041 ​ 6.50 % 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 % $ 15,730 ​ 6.00 % $ 20,974 ​ 8.00 % Tier 1 Capital (to Total Adjusted Assets) ​ $ 31,942 ​ 8.72 % $ 14,648 ​ 4.00 % $ 18,310 ​ 5.00 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies
Financial instruments whose contract amounts represent credit risk	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Commitments to grant loans ​ $ 3,524 ​ $ 4,009 Unfunded commitments under lines of credit ​ 15,568 ​ 14,823

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions
Summary of loans made to related parties	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ Beginning balance ​ $ 2,527 ​ $ 2,755 Originations ​ 173 ​ 408 Payments and change in status ​ (210) ​ (636) Ending balance ​ $ 2,490 ​ $ 2,527

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contracts with Customers
Schedule of disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ Service charges on deposit accounts ​ $ 563 ​ $ 588 Debit card interchange and surcharge income ​ 855 ​ 760 Investment services income ​ — ​ 88 Insurance commission and fees ​ 722 ​ 755 Loan servicing fees ​ 151 ​ 124 ​ ​ $ 2,291 ​ $ 2,315

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Loss
Reclassified out of each component of accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ Affected Line Item in the (In thousands) 2021 2020 Consolidated Statement of Income Available-for-sale securities: ​ ​ ​ ​ ​ ​ ​ ​ Realized gain on sale of securities ​ $ (10) ​ $ (1,071) ​ Net gain on sale of securities Tax effect ​ ​ 2 ​ ​ 225 ​ Income tax expense ​ ​ $ (8) ​ $ (846) ​ Net income Defined benefit pension plan: ​ ​ ​ ​ ​ ​ ​ ​ Retirement plan net losses recognized in net periodic pension cost ​ $ 114 ​ $ 135 ​ Compensation and benefits Tax effect ​ ​ (23) ​ ​ (28) ​ Income tax benefit ​ ​ $ 91 ​ $ 107 ​ Net income

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures
Schedule of carrying amount and estimated fair value of the Company's financial instrument	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair (In thousands) Amount Level 1 Level 2 Level 3 Value Financial assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 20,997 ​ $ 20,997 ​ $ — ​ $ — ​ $ 20,997 Interest-bearing time deposits in banks ​ ​ 650 ​ ​ — ​ ​ 650 ​ ​ — ​ ​ 650 Securities available-for-sale ​ 36,975 ​ — ​ 33,965 ​ 3,010 ​ 36,975 Securities held-to-maturity ​ 1,128 ​ — ​ 1,150 ​ — ​ 1,150 Equity securities ​ 350 ​ 350 ​ — ​ — ​ 350 Loans receivable ​ 278,120 ​ — ​ — ​ 281,502 ​ 281,502 FHLB stock ​ 1,450 ​ — ​ 1,450 ​ — ​ 1,450 Accrued interest receivable ​ 1,249 ​ 1,249 ​ — ​ — ​ 1,249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 312,049 ​ $ 94,709 ​ $ — ​ $ 219,261 ​ $ 313,970 Long-term borrowings ​ 17,760 ​ — ​ 21,985 ​ — ​ 21,985 Accrued interest payable ​ 35 ​ 35 ​ — ​ — ​ 35 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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 FHLB 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
Schedule of assets measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ $ 33 ​ $ — ​ $ 33 Corporate bonds ​ ​ — ​ ​ 18,043 ​ ​ — ​ ​ 18,043 Municipal bonds ​ — ​ 15,889 ​ 3,010 ​ 18,899 Equity investment securities: ​ ​ ​ ​ Large cap equity mutual fund ​ 45 ​ — ​ — ​ 45 Other mutual funds ​ 305 ​ — ​ — ​ 305 Total investment securities ​ $ 350 ​ $ 33,965 ​ $ 3,010 ​ $ 37,325 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At 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
Schedule of changes in Level 3 assets measured at estimated fair value on a recurring basis	​ ​ ​ ​ ​ ​ Investment (In thousands) ​ Securities ​ ​ ​ Balance - January 1, 2021 ​ $ 3,174 Total gains realized/unrealized: ​ Included in earnings ​ — Included in other comprehensive income ​ 161 Purchases ​ 826 Principal payments/maturities ​ (1,151) Sales ​ — Balance - December 31, 2021 ​ $ 3,010 ​ ​ ​ ​ ​ ​ 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
Schedule of assets measured at fair value on a nonrecurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Fair (In thousands) Level 1 Level 2 Level 3 Value Impaired loans ​ $ — ​ $ — ​ $ 391 ​ $ 391 Foreclosed real estate & repossessed assets ​ — ​ — ​ 27 ​ 27 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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
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)% One-to four-family residential Costs to Sell 5% - 15% (10)% ​ Impaired loans - Appraisal of collateral Appraisal Adjustments 5% - 35% (25)% Real estate - nonresidential Changes in property condition 10% - 20% (15)% ​ Costs to Sell 5% - 15% (10)% ​ Impaired loans - USDA Guarantee Government guaranteed portion 20% (20)% Commercial business ​ 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, 2021
Parent Company Only Financial Information
Schedule of balance sheets statement	​ ​ ​ ​ ​ ​ ​ ​ Statements of Condition ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Assets ​ ​ Cash and cash equivalents ​ $ 2,066 ​ $ 113 Securities available-for-sale, at fair value ​ 316 ​ 635 Investment in bank subsidiary ​ 41,897 ​ 32,167 Note receivable - ESOP ​ — ​ 41 Other assets ​ 42 ​ 927 Total assets ​ $ 44,321 ​ $ 33,883 Liabilities and Shareholders' Equity ​ ​ Due to Bank ​ $ — ​ $ 1,851 Subordinated debt ​ — ​ 1,235 Deferred tax liability ​ 72 ​ 72 Other liabilities ​ 769 ​ 839 Shareholders' equity ​ 43,480 ​ 29,886 Total liabilities and shareholders' equity ​ $ 44,321 ​ $ 33,883
Schedule of statements of operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Statements of Income ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ Income ​ ​ Dividends from securities available-for-sale ​ $ 23 ​ $ 6 Other noninterest income ​ 20 ​ 40 Total income ​ 43 ​ 46 Expenses ​ ​ Interest expense ​ 9 ​ 84 Other expenses ​ 127 ​ 251 Total expenses ​ 136 ​ 335 Loss before taxes and equity in undistributed net income of bank subsidiary ​ (93) ​ (289) Income tax benefit ​ (16) ​ (274) Loss before equity in undistributed net income of bank subsidiary ​ (77) ​ (15) Equity in undistributed net income of bank subsidiary ​ 1,490 ​ 1,763 Net income ​ $ 1,413 ​ $ 1,748
Schedule of statements of cash flows	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Statements of Cash Flows ​ Year Ended December 31, (In thousands) 2021 2020 ​ ​ ​ Operating Activities ​ ​ Net income ​ $ 1,413 ​ $ 1,748 Equity in undistributed net income of bank subsidiary ​ (1,490) ​ (1,763) Realized gains on equity securities ​ ​ (20) ​ ​ (39) ESOP Expense ​ ​ 48 ​ ​ — Net change in other assets ​ 888 ​ (927) Net change in other liabilities ​ (70) ​ (322) Net cash provided by (used in) operating activities ​ 769 ​ (1,303) Investing Activities ​ ​ Capital Infusion in Subsidiary ​ ​ (7,750) ​ ​ (500) Repayments received on ESOP note ​ — ​ 79 Net cash used in investing activities ​ (7,750) ​ (421) Financing activities ​ ​ Net proceeds from stock offering and conversion ​ ​ 13,151 ​ ​ — Net proceeds from (repayment of) advances on note payable ​ (1,851) ​ 1,269 Repayments received on sub-debt ​ ​ (1,235) ​ ​ — Purchase of common stock for ESOP ​ (1,104) ​ — Treasury stock repurchase ​ ​ — ​ ​ (41) Advances from sub-debt ​ ​ — ​ ​ 500 Purchase of common stock of SERP ​ ​ (14) ​ ​ — Purchase of common stock for Directors Retirement Plan ​ ​ (13) ​ ​ — MHC Merger ​ — ​ (63) Net cash provided by financing activities ​ 8,934 ​ 1,665 Net change in cash and cash equivalents ​ 1,953 ​ (59) Cash and cash equivalents at beginning of year ​ 113 ​ 172 Cash and cash equivalents at end of year ​ $ 2,066 ​ $ 113

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Information
Summary of information about segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2021 ​ 2020 ​ ​ ​ Community ​ ​ ​ ​ Municipal ​ ​ ​ ​ Community ​ ​ ​ ​ Municipal ​ ​ ​ ​ ​ ​ Banking ​ Insurance ​ Banking ​ ​ ​ ​ Banking ​ Insurance ​ Banking ​ ​ ​ ​ (In thousands) Activities Activities Activities Total Activities Activities Activities Total Net interest income ​ $ 11,669 ​ $ — ​ $ 250 ​ $ 11,919 ​ $ 10,011 ​ $ — ​ $ 480 ​ $ 10,491 ​ Provision for loan losses ​ 540 ​ — ​ — ​ 540 ​ 480 ​ — ​ — ​ 480 ​ Net interest income after provision for loan losses ​ 11,129 ​ — ​ 250 ​ 11,379 ​ 9,531 ​ — ​ 480 ​ 10,011 ​ Total noninterest income ​ 1,998 ​ 729 ​ — ​ 2,727 ​ 2,718 ​ 762 ​ 480 ​ 3,960 ​ Compensation and benefits ​ (4,923) ​ (376) ​ — ​ (5,299) ​ (5,176) ​ (389) ​ (56) ​ (5,621) ​ Other noninterest expense ​ (6,876) ​ (149) ​ (86) ​ (7,111) ​ (6,418) ​ (158) ​ (130) ​ (6,706) ​ Income before income tax expense (benefit) ​ 1,328 ​ 204 ​ 164 ​ 1,696 ​ 655 ​ 215 ​ 774 ​ 1,644 ​ Income tax expense (benefit) ​ 254 ​ — ​ 29 ​ 283 ​ (112) ​ — ​ 8 ​ (104) ​ Net income ​ $ 1,074 ​ $ 204 ​ $ 135 ​ $ 1,413 ​ $ 767 ​ $ 215 ​ $ 766 ​ $ 1,748 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of reconciliation of the Company's reported segment assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, (In thousands) 2021 2020 ​ ​ ​ ​ ​ ​ Total assets for reportable segments ​ $ 395,225 ​ $ 392,322 Elimination of intercompany balances ​ (16,276) ​ (18,522) Consolidated total assets ​ $ 378,949 ​ $ 373,800

Organization and Nature of Op_2

Organization and Nature of Operations (Details) $ in Millions	Jan. 13, 2021USD ($)shares	Dec. 31, 2021shares	Jul. 31, 2020
Related Party Transaction [Line Items]
Number of common stocks sold | shares	1,477,575	1,477,575
Exchange ratio of shares	0.9980	0.9980
Gross offering proceeds from sale of stocks | $	$ 14.8
Net proceeds from sale | $	$ 13.2
Seneca-Cayuga Bancorp, Inc. (the "Holding Company")
Related Party Transaction [Line Items]
Number of common stocks sold | shares	109,450	109,450
Seneca-Cayuga Bancorp, Inc. (the "Holding Company") | Seneca Falls Savings Bank, MHC (the "Mutual Holding Company")
Related Party Transaction [Line Items]
Percentage of holding			60.10%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Allowance for Loan Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Allowance for Loan Losses
Consumer loans minimum period past due to charge off	90 days
Percentage of Real estate loans to Portfolio	54.00%	61.00%
Outstanding principal balance	$ 278,120,000	$ 285,640,000
Contractual performance period of nonaccrual loans to be restored to accrual status	6 months
Direct sub-prime automobile program
Allowance for Loan Losses
Outstanding principal balance	$ 0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Premises and equipment (Details)	12 Months Ended
	Dec. 31, 2021
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
Goodwill acquired	$ 0
Medina Savings and Loan Association | Core deposit intangible
Business Acquisition [Line Items]
Intangible assets	$ 964,000	$ 964,000
Percentage of acquired core deposits	2.50%

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Employee benefit plans (Details)	12 Months Ended
	Dec. 31, 2021ageplan
Employee benefit plans
Number of plans | plan	2
Age to qualify for defined pension plans | age	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
Duration of borrowings	25 years

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Foreclosed real estate and repossessed assets (Details)	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Foreclosed real estate	$ 27,000	$ 45,000
Real estate and other assets	27,000	45,000
Net of estimated selling costs and the net operating expenses of foreclosed assets	7,000	40,000
Amount of loan in Process of foreclosure	$ 783,000	$ 558,000
One- to four-family residential mortgage loans
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Number of loans | loan	12	9
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, 2021	Dec. 31, 2020
Unrealized gains on securities available-for-sale:
Unrealized holding gains arising during the period	$ 133	$ (242)
Reclassification adjustment for net gains included in net income	2	225
Net unrealized gains on securities available-for-sale	135	(17)
Defined benefit pension plan:
Net plan (gains) losses arising during the period	(231)	(20)
Reclassification of amortization of net losses and prior service credit recognized in net pension expense	(23)	(29)
Net change in defined benefit pension plan asset	(254)	(49)
Total tax effect	(119)	(66)
Changes in the components of accumulated other comprehensive loss, net of tax
Beginning balance	29,886	28,231
Net current-period other comprehensive income (loss)	449	247
Ending balance	43,479	29,886
Securities Available-for-Sale
Changes in the components of accumulated other comprehensive loss, net of tax
Beginning balance	723	658
Other comprehensive income (loss) before reclassifications	(500)	911
Amounts reclassified from AOCI to the income statement	(8)	(846)
Net current-period other comprehensive income (loss)	(508)	65
Ending balance	215	723
Defined Benefit Pension Plan
Changes in the components of accumulated other comprehensive loss, net of tax
Beginning balance	(2,138)	(2,320)
Other comprehensive income (loss) before reclassifications	867	76
Amounts reclassified from AOCI to the income statement	90	106
Net current-period other comprehensive income (loss)	957	182
Ending balance	(1,181)	(2,138)
Accumulated Other Comprehensive Income (Loss)
Changes in the components of accumulated other comprehensive loss, net of tax
Beginning balance	(1,415)	(1,662)
Other comprehensive income (loss) before reclassifications	367	987
Amounts reclassified from AOCI to the income statement	82	(740)
Net current-period other comprehensive income (loss)	449	247
Ending balance	$ (966)	$ (1,415)

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Earnings Per Common Share (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Common Share
Weighted-average number of common shares outstanding	2,352,000	2,453,000

Balances at Other Banks (Detail

Balances at Other Banks (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Balances at Other Banks
Reserve balances	$ 0	$ 0

Securities - Securities availab

Securities - Securities available-for-sale and held-to-maturity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Securities available-for-sale:
Amortized Cost	$ 36,703	$ 17,010
Gross Unrealized Gains	1,154	918
Gross Unrealized Losses	(882)	(2)
Debt Securities, Available-for-sale, Total	36,975	17,926
Securities held-to-maturity:
Held-to-maturity securities Amortized Cost	1,128	1,480
Held-to-maturity securities Gross Unrealized Gains	25	33
Held-to-maturity securities Gross Unrealized Losses	(3)	(3)
Held-to-maturity securities Fair Value	1,150	1,510
Equity securities:
Equity securities amortized Cost	350	661
Equity securities	350	661
Residential mortgage-backed - US agency and GSEs
Securities available-for-sale:
Amortized Cost	33	39
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(1)	(1)
Debt Securities, Available-for-sale, Total	33	39
Securities held-to-maturity:
Held-to-maturity securities Amortized Cost	1,128	1,480
Held-to-maturity securities Gross Unrealized Gains	25	33
Held-to-maturity securities Gross Unrealized Losses	(3)	(3)
Held-to-maturity securities Fair Value	1,150	1,510
Corporate bonds
Securities available-for-sale:
Amortized Cost	18,589
Gross Unrealized Gains	266
Gross Unrealized Losses	(812)
Debt Securities, Available-for-sale, Total	18,043
State and political subdivisions
Securities available-for-sale:
Amortized Cost	18,081	16,971
Gross Unrealized Gains	887	917
Gross Unrealized Losses	(69)	(1)
Debt Securities, Available-for-sale, Total	18,899	17,887
Large cap equity mutual fund
Equity securities:
Equity securities amortized Cost	45	35
Equity securities	45	35
Other mutual funds
Equity securities:
Equity securities amortized Cost	305	626
Equity securities	$ 305	$ 626

Securities - Gross unrealized l

Securities - Gross unrealized losses on investment securities and the fair value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair value of debt securities available-for-sale:
Fair Value of 12 months or less	$ 14,699	$ 1,090
Fair Value of more than 12 months	23	2
Total Fair Value	14,722	1,092
Gross unrealized losses of debt securities available-for-sale:
Gross unrealized losses 12 months or less	(881)	(2)
Gross unrealized losses more than 12 months	(1)
Total Gross unrealized losses	(882)	(2)
Fair value of debt securities held-to-maturity:
Fair Value 12 months or less		150
Fair Value more than 12 months	156	97
Total Fair Value	156	247
Gross unrealized losses of debt securities held-to-maturity:
Gross unrealized losses 12 months or less		(2)
Gross unrealized losses more than 12 months	(3)	(1)
Total Gross unrealized losses	(3)	(3)
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	23	2
Total Fair Value	23	26
Gross unrealized losses of debt securities available-for-sale:
Gross unrealized losses 12 months or less		(1)
Gross unrealized losses more than 12 months	(1)
Total Gross unrealized losses	(1)	(1)
Fair value of debt securities held-to-maturity:
Fair Value 12 months or less		150
Fair Value more than 12 months	156	97
Total Fair Value	156	247
Gross unrealized losses of debt securities held-to-maturity:
Gross unrealized losses 12 months or less		(2)
Gross unrealized losses more than 12 months	(3)	(1)
Total Gross unrealized losses	(3)	(3)
Corporate bonds
Fair value of debt securities available-for-sale:
Fair Value of 12 months or less	9,925
Total Fair Value	9,925
Gross unrealized losses of debt securities available-for-sale:
Gross unrealized losses 12 months or less	(812)
Total Gross unrealized losses	(812)
State and political subdivisions
Fair value of debt securities available-for-sale:
Fair Value of 12 months or less	4,774	1,066
Total Fair Value	4,774	1,066
Gross unrealized losses of debt securities available-for-sale:
Gross unrealized losses 12 months or less	(69)	(1)
Total Gross unrealized losses	$ (69)	$ (1)

Securities - Narrative (Details

Securities - Narrative (Details)	12 Months Ended
	Dec. 31, 2021USD ($)security
Debt Securities, Available-for-sale [Line Items]
Term of Contractual Maturity of Debt Securities	20 years
Number of government-backed securities with immaterial unrealized losses	24
Residential mortgage-backed - US agency and GSEs
Debt Securities, Available-for-sale [Line Items]
Number of government-backed securities	11
Number of government-backed securities with immaterial unrealized losses	11
Each government-backed securities | Maximum
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Unrealized Gain (Loss) | $	$ 800

Securities - Amortized cost and

Securities - Amortized cost and estimated fair values of debt securities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost [Abstract]
Due in one year or less	$ 951
Due over one year through five years	1,738
Due over five through ten years	5,912
Due after ten years	28,069
Total	36,670
Residential mortgage-backed securities	33
Total	36,703	$ 17,010
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value [Abstract]
Due in one year or less	955
Due over one year through five years	1,756
Due over five through ten years	5,904
Due after ten years	28,327
Total	36,942
Residential mortgage-backed securities	33
Debt Securities, Available-for-sale, Total	36,975	17,926
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Amortized Cost [Abstract]
Residential mortgage-backed securities	1,128
Debt Securities, Held-to-maturity, Total	1,128	1,480
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Fair Value [Abstract]
Residential mortgage-backed securities	1,150
Held-to-maturity securities Fair Value	$ 1,150	$ 1,510

Securities - Gross realized gai

Securities - Gross realized gains (losses) on sales and redemptions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Securities
Realized gains	$ 10,000	$ 1,100,000
Total	10,000	1,100,000
Fair value of securities pledged as collateral	$ 8,775,255	$ 6,969,058

Loans Receivable - Major classi

Loans Receivable - Major classifications of loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 264,658	$ 276,030
Net deferred loan costs	15,590	11,787
Fair value credit and yield adjustment	(287)	(356)
Less: Allowance for loan losses	(1,841)	(1,821)	$ (1,660)
Loans receivable, net	278,120	285,640
Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	456	5,125
Less: Allowance for loan losses	(2)	(26)	(17)
Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,701	11,387
Less: Allowance for loan losses	(39)	(46)	(50)
Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,717	44,347
Less: Allowance for loan losses	(102)	(76)
Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,666	21,469
Less: Allowance for loan losses	(107)	(127)	(142)
Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,096	2,259
Less: Allowance for loan losses	(64)	(69)	(69)
Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	29,463	14,557
Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,492	4,271
Less: Allowance for loan losses	(48)	(84)	(35)
Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	113,061	127,356
Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	113,061	127,356
Less: Allowance for loan losses	(688)	(457)	(375)
Residential | Construction
Loans and Leases Receivable Disclosure [Line Items]
Less: Allowance for loan losses			(2)
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	34,462	50,384
Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,478	24,754
Less: Allowance for loan losses	(630)	(319)	(421)
Commercial | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	456	5,125
Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	12,528	20,505
Less: Allowance for loan losses	(161)	(617)	$ (527)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	117,135	98,290
Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,701	11,387
Consumer | Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,717	44,347
Consumer | Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,666	21,469
Consumer | Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,096	2,259
Consumer | Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	29,463	14,557
Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,492	4,271
Originated
Loans and Leases Receivable Disclosure [Line Items]
Total loans	251,512	258,063
Net deferred loan costs	15,650	11,854
Less: Allowance for loan losses	(1,841)	(1,821)
Loans receivable, net	265,321	268,096
Originated | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	102,766	113,254
Originated | Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	102,766	113,254
Originated | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	32,556	48,115
Originated | Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	19,734	22,812
Originated | Commercial | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	456	5,125
Originated | Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	12,366	20,178
Originated | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	116,190	96,694
Originated | Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	8,840	9,981
Originated | Consumer | Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,717	44,347
Originated | Consumer | Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,666	21,469
Originated | Consumer | Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,096	2,259
Originated | Consumer | Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	29,463	14,557
Originated | Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,408	4,081
Acquired
Loans and Leases Receivable Disclosure [Line Items]
Total loans	13,146	17,967
Net deferred loan costs	(60)	(67)
Fair value credit and yield adjustment	(287)	(356)
Loans receivable, net	12,799	17,544
Acquired | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	10,295	14,102
Acquired | Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	10,295	14,102
Acquired | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,906	2,269
Acquired | Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,744	1,942
Acquired | Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	162	327
Acquired | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	945	1,596
Acquired | Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	861	1,406
Acquired | Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 84	$ 190

Loans Receivable - Loan portfol

Loans Receivable - Loan portfolio (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 264,658	$ 276,030
Loans past due after interest is not received	30 days
Period past due when interest is discontinued	90 days
Contractual performance period of nonaccrual loans to be restored to accrual status	6 months
Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 253,263	261,390
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,485	6,003
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,910	8,637
Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	456	5,125
Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,701	11,387
Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,717	44,347
Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,666	21,469
Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,096	2,259
Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	29,463	14,557
Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,492	4,271
Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	113,061	127,356
Residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	109,332	123,421
Residential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,152	690
Residential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,577	3,245
Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	113,061	127,356
Residential | One- to four-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	109,332	123,421
Residential | One- to four-family | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,152	690
Residential | One- to four-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,577	3,245
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	34,462	50,384
Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	27,082	39,958
Commercial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,157	5,275
Commercial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,223	5,151
Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,478	24,754
Commercial | Real estate - nonresidential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	16,208	17,539
Commercial | Real estate - nonresidential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,045	4,433
Commercial | Real estate - nonresidential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,225	2,782
Commercial | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	456	5,125
Commercial | Multi-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	456	5,083
Commercial | Multi-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans		42
Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	12,528	20,505
Commercial | Commercial business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	10,418	17,336
Commercial | Commercial business | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,112	842
Commercial | Commercial business | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	998	2,327
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	117,135	98,290
Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	116,849	98,011
Consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	176	38
Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	110	241
Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,701	11,387
Consumer | Home equity and junior liens | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,594	11,285
Consumer | Home equity and junior liens | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	41
Consumer | Home equity and junior liens | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	66	102
Consumer | Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,717	44,347
Consumer | Manufactured homes | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,717	44,272
Consumer | Manufactured homes | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans		75
Consumer | Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,666	21,469
Consumer | Automobile | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,558	21,432
Consumer | Automobile | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	64	4
Consumer | Automobile | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44	33
Consumer | Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,096	2,259
Consumer | Student | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,096	2,259
Consumer | Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	29,463	14,557
Consumer | Recreational Vehicle | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	29,424	14,527
Consumer | Recreational Vehicle | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	39	30
Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,492	4,271
Consumer | Other consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,460	4,236
Consumer | Other consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	32	4
Consumer | Other consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans		31
Originated
Loans and Leases Receivable Disclosure [Line Items]
Total loans	251,512	258,063
Originated | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	240,394	243,900
Originated | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,443	5,940
Originated | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,675	8,223
Originated | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	102,766	113,254
Originated | Residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	99,294	109,752
Originated | Residential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,110	627
Originated | Residential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,362	2,875
Originated | Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	102,766	113,254
Originated | Residential | One- to four-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	99,294	109,752
Originated | Residential | One- to four-family | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,110	627
Originated | Residential | One- to four-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,362	2,875
Originated | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	32,556	48,115
Originated | Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	25,176	37,689
Originated | Commercial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	4,157	5,275
Originated | Commercial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,223	5,151
Originated | Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	19,734	22,812
Originated | Commercial | Real estate - nonresidential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,464	15,597
Originated | Commercial | Real estate - nonresidential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,045	4,433
Originated | Commercial | Real estate - nonresidential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,225	2,782
Originated | Commercial | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	456	5,125
Originated | Commercial | Multi-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	456	5,083
Originated | Commercial | Multi-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans		42
Originated | Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	12,366	20,178
Originated | Commercial | Commercial business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	10,256	17,009
Originated | Commercial | Commercial business | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,112	842
Originated | Commercial | Commercial business | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	998	2,327
Originated | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	116,190	96,694
Originated | Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	115,924	96,459
Originated | Consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	176	38
Originated | Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	90	197
Originated | Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	8,840	9,981
Originated | Consumer | Home equity and junior liens | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	8,753	9,923
Originated | Consumer | Home equity and junior liens | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	41
Originated | Consumer | Home equity and junior liens | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	46	58
Originated | Consumer | Manufactured homes
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,717	44,347
Originated | Consumer | Manufactured homes | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,717	44,272
Originated | Consumer | Manufactured homes | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans		75
Originated | Consumer | Automobile
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,666	21,469
Originated | Consumer | Automobile | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,558	21,432
Originated | Consumer | Automobile | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	64	4
Originated | Consumer | Automobile | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	44	33
Originated | Consumer | Student
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,096	2,259
Originated | Consumer | Student | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,096	2,259
Originated | Consumer | Recreational Vehicle
Loans and Leases Receivable Disclosure [Line Items]
Total loans	29,463	14,557
Originated | Consumer | Recreational Vehicle | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	29,424	14,527
Originated | Consumer | Recreational Vehicle | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	39	30
Originated | Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,408	4,081
Originated | Consumer | Other consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,376	4,046
Originated | Consumer | Other consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	32	4
Originated | Consumer | Other consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans		31
Acquired
Loans and Leases Receivable Disclosure [Line Items]
Total loans	13,146	17,967
Acquired | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	12,869	17,490
Acquired | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	42	63
Acquired | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	235	414
Acquired | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	10,295	14,102
Acquired | Residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	10,038	13,669
Acquired | Residential | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	42	63
Acquired | Residential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	215	370
Acquired | Residential | One- to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	10,295	14,102
Acquired | Residential | One- to four-family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	10,038	13,669
Acquired | Residential | One- to four-family | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total loans	42	63
Acquired | Residential | One- to four-family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	215	370
Acquired | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,906	2,269
Acquired | Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,906	2,269
Acquired | Commercial | Real estate - nonresidential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,744	1,942
Acquired | Commercial | Real estate - nonresidential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,744	1,942
Acquired | Commercial | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	162	327
Acquired | Commercial | Commercial business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	162	327
Acquired | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	945	1,596
Acquired | Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	925	1,552
Acquired | Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	20	44
Acquired | Consumer | Home equity and junior liens
Loans and Leases Receivable Disclosure [Line Items]
Total loans	861	1,406
Acquired | Consumer | Home equity and junior liens | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	841	1,362
Acquired | Consumer | Home equity and junior liens | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total loans	20	44
Acquired | Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	84	190
Acquired | Consumer | Other consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 84	$ 190

Loans Receivable - Non-accrual

Loans Receivable - Non-accrual and Past Due Loans (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Total loans	$ 264,658,000	$ 276,030,000
Non-accrual loans	3,264,000	5,319,000
Number of loans past due more than ninety days and still accruing	0	0
Total outstanding TDR	3,000,000
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	10,763,000	10,938,000
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	5,885,000	4,275,000
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,614,000	1,344,000
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,264,000	5,319,000
Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	253,895,000	265,092,000
Multi-family
Financing Receivable, Past Due [Line Items]
Total loans	456,000	5,125,000
Home equity and junior liens
Financing Receivable, Past Due [Line Items]
Total loans	9,701,000	11,387,000
Manufactured homes
Financing Receivable, Past Due [Line Items]
Total loans	47,717,000	44,347,000
Automobile
Financing Receivable, Past Due [Line Items]
Total loans	22,666,000	21,469,000
Student
Financing Receivable, Past Due [Line Items]
Total loans	2,096,000	2,259,000
Recreational Vehicle
Financing Receivable, Past Due [Line Items]
Total loans	29,463,000	14,557,000
Other consumer
Financing Receivable, Past Due [Line Items]
Total loans	5,492,000	4,271,000
Residential
Financing Receivable, Past Due [Line Items]
Total loans	113,061,000	127,356,000
Non-accrual loans	2,577,000	3,245,000
Residential | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	6,857,000	6,552,000
Residential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,455,000	2,568,000
Residential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	825,000	739,000
Residential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,577,000	3,245,000
Residential | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	106,204,000	120,804,000
Residential | One- to four-family
Financing Receivable, Past Due [Line Items]
Total loans	113,061,000	127,356,000
Residential | One- to four-family | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	6,857,000	6,552,000
Residential | One- to four-family | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,455,000	2,568,000
Residential | One- to four-family | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	825,000	739,000
Residential | One- to four-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,577,000	3,245,000
Residential | One- to four-family | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	106,204,000	120,804,000
Residential | 1-4 family first-lien
Financing Receivable, Past Due [Line Items]
Non-accrual loans	2,577,000	3,245,000
Commercial
Financing Receivable, Past Due [Line Items]
Total loans	34,462,000	50,384,000
Non-accrual loans	577,000	1,833,000
Commercial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,001,000	2,119,000
Commercial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	416,000	205,000
Commercial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	8,000	81,000
Commercial | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	577,000	1,833,000
Commercial | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	33,461,000	48,265,000
Commercial | Real estate - nonresidential
Financing Receivable, Past Due [Line Items]
Total loans	21,478,000	24,754,000
Non-accrual loans	416,000	1,103,000
Commercial | Real estate - nonresidential | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	805,000	1,235,000
Commercial | Real estate - nonresidential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	389,000	66,000
Commercial | Real estate - nonresidential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans		66,000
Commercial | Real estate - nonresidential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	416,000	1,103,000
Commercial | Real estate - nonresidential | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	20,673,000	23,519,000
Commercial | Multi-family
Financing Receivable, Past Due [Line Items]
Total loans	456,000	5,125,000
Non-accrual loans		42,000
Commercial | Multi-family | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans		42,000
Commercial | Multi-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans		42,000
Commercial | Multi-family | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	456,000	5,083,000
Commercial | Commercial business
Financing Receivable, Past Due [Line Items]
Total loans	12,528,000	20,505,000
Non-accrual loans	161,000	688,000
Commercial | Commercial business | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	196,000	842,000
Commercial | Commercial business | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	27,000	139,000
Commercial | Commercial business | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	8,000	15,000
Commercial | Commercial business | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	161,000	688,000
Commercial | Commercial business | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	12,332,000	19,663,000
Consumer
Financing Receivable, Past Due [Line Items]
Total loans	117,135,000	98,290,000
Non-accrual loans	110,000	241,000
Consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,905,000	2,267,000
Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,014,000	1,502,000
Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	781,000	524,000
Consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	110,000	241,000
Consumer | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	114,230,000	96,023,000
Consumer | Home equity and junior liens
Financing Receivable, Past Due [Line Items]
Total loans	9,701,000	11,387,000
Non-accrual loans	66,000	102,000
Consumer | Home equity and junior liens | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	246,000	269,000
Consumer | Home equity and junior liens | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	149,000	138,000
Consumer | Home equity and junior liens | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	31,000	29,000
Consumer | Home equity and junior liens | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	66,000	102,000
Consumer | Home equity and junior liens | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	9,455,000	11,118,000
Consumer | Manufactured homes
Financing Receivable, Past Due [Line Items]
Total loans	47,717,000	44,347,000
Non-accrual loans		75,000
Consumer | Manufactured homes | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,537,000	1,459,000
Consumer | Manufactured homes | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	922,000	944,000
Consumer | Manufactured homes | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	615,000	440,000
Consumer | Manufactured homes | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans		75,000
Consumer | Manufactured homes | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	46,180,000	42,888,000
Consumer | Automobile
Financing Receivable, Past Due [Line Items]
Total loans	22,666,000	21,469,000
Non-accrual loans	44,000	33,000
Consumer | Automobile | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	276,000	242,000
Consumer | Automobile | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	168,000	188,000
Consumer | Automobile | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	64,000	21,000
Consumer | Automobile | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	44,000	33,000
Consumer | Automobile | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	22,390,000	21,227,000
Consumer | Student
Financing Receivable, Past Due [Line Items]
Total loans	2,096,000	2,259,000
Consumer | Student | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	95,000
Consumer | Student | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	95,000
Consumer | Student | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	2,001,000	2,259,000
Consumer | Recreational Vehicle
Financing Receivable, Past Due [Line Items]
Total loans	29,463,000	14,557,000
Consumer | Recreational Vehicle | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	644,000	259,000
Consumer | Recreational Vehicle | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	605,000	229,000
Consumer | Recreational Vehicle | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	39,000	30,000
Consumer | Recreational Vehicle | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	28,819,000	14,298,000
Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Total loans	5,492,000	4,271,000
Non-accrual loans		31,000
Consumer | Other consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	107,000	38,000
Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	75,000	3,000
Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	32,000	4,000
Consumer | Other consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans		31,000
Consumer | Other consumer | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	5,385,000	4,233,000
Originated
Financing Receivable, Past Due [Line Items]
Total loans	251,512,000	258,063,000
Originated | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	10,115,000	10,184,000
Originated | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	5,540,000	4,006,000
Originated | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,546,000	1,275,000
Originated | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,029,000	4,903,000
Originated | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	241,397,000	247,879,000
Originated | Residential
Financing Receivable, Past Due [Line Items]
Total loans	102,766,000	113,254,000
Originated | Residential | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	6,256,000	5,911,000
Originated | Residential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,137,000	2,345,000
Originated | Residential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	757,000	691,000
Originated | Residential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,362,000	2,875,000
Originated | Residential | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	96,510,000	107,343,000
Originated | Residential | One- to four-family
Financing Receivable, Past Due [Line Items]
Total loans	102,766,000	113,254,000
Originated | Residential | One- to four-family | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	6,256,000	5,911,000
Originated | Residential | One- to four-family | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,137,000	2,345,000
Originated | Residential | One- to four-family | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	757,000	691,000
Originated | Residential | One- to four-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,362,000	2,875,000
Originated | Residential | One- to four-family | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	96,510,000	107,343,000
Originated | Commercial
Financing Receivable, Past Due [Line Items]
Total loans	32,556,000	48,115,000
Originated | Commercial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	974,000	2,104,000
Originated | Commercial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	389,000	205,000
Originated | Commercial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	8,000	66,000
Originated | Commercial | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	577,000	1,833,000
Originated | Commercial | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	31,582,000	46,011,000
Originated | Commercial | Real estate - nonresidential
Financing Receivable, Past Due [Line Items]
Total loans	19,734,000	22,812,000
Originated | Commercial | Real estate - nonresidential | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	805,000	1,235,000
Originated | Commercial | Real estate - nonresidential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	389,000	66,000
Originated | Commercial | Real estate - nonresidential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans		66,000
Originated | Commercial | Real estate - nonresidential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	416,000	1,103,000
Originated | Commercial | Real estate - nonresidential | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	18,929,000	21,577,000
Originated | Commercial | Multi-family
Financing Receivable, Past Due [Line Items]
Total loans	456,000	5,125,000
Originated | Commercial | Multi-family | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans		42,000
Originated | Commercial | Multi-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans		42,000
Originated | Commercial | Multi-family | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	456,000	5,083,000
Originated | Commercial | Commercial business
Financing Receivable, Past Due [Line Items]
Total loans	12,366,000	20,178,000
Originated | Commercial | Commercial business | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	169,000	827,000
Originated | Commercial | Commercial business | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans		139,000
Originated | Commercial | Commercial business | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	8,000
Originated | Commercial | Commercial business | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	161,000	688,000
Originated | Commercial | Commercial business | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	12,197,000	19,351,000
Originated | Consumer
Financing Receivable, Past Due [Line Items]
Total loans	116,190,000	96,694,000
Originated | Consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,885,000	2,169,000
Originated | Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,014,000	1,456,000
Originated | Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	781,000	518,000
Originated | Consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	90,000	195,000
Originated | Consumer | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	113,305,000	94,525,000
Originated | Consumer | Home equity and junior liens
Financing Receivable, Past Due [Line Items]
Total loans	8,840,000	9,981,000
Originated | Consumer | Home equity and junior liens | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	226,000	173,000
Originated | Consumer | Home equity and junior liens | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	149,000	92,000
Originated | Consumer | Home equity and junior liens | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	31,000	23,000
Originated | Consumer | Home equity and junior liens | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	46,000	58,000
Originated | Consumer | Home equity and junior liens | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	8,614,000	9,808,000
Originated | Consumer | Manufactured homes
Financing Receivable, Past Due [Line Items]
Total loans	47,717,000	44,347,000
Originated | Consumer | Manufactured homes | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,537,000	1,459,000
Originated | Consumer | Manufactured homes | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	922,000	944,000
Originated | Consumer | Manufactured homes | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	615,000	440,000
Originated | Consumer | Manufactured homes | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans		75,000
Originated | Consumer | Manufactured homes | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	46,180,000	42,888,000
Originated | Consumer | Automobile
Financing Receivable, Past Due [Line Items]
Total loans	22,666,000	21,469,000
Originated | Consumer | Automobile | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	276,000	242,000
Originated | Consumer | Automobile | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	168,000	188,000
Originated | Consumer | Automobile | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	64,000	21,000
Originated | Consumer | Automobile | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	44,000	33,000
Originated | Consumer | Automobile | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	22,390,000	21,227,000
Originated | Consumer | Student
Financing Receivable, Past Due [Line Items]
Total loans	2,096,000	2,259,000
Originated | Consumer | Student | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	95,000
Originated | Consumer | Student | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	95,000
Originated | Consumer | Student | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	2,001,000	2,259,000
Originated | Consumer | Recreational Vehicle
Financing Receivable, Past Due [Line Items]
Total loans	29,463,000	14,557,000
Originated | Consumer | Recreational Vehicle | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	644,000	259,000
Originated | Consumer | Recreational Vehicle | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	605,000	229,000
Originated | Consumer | Recreational Vehicle | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	39,000	30,000
Originated | Consumer | Recreational Vehicle | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	28,819,000	14,298,000
Originated | Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Total loans	5,408,000	4,081,000
Originated | Consumer | Other consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	107,000	36,000
Originated | Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	75,000	3,000
Originated | Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	32,000	4,000
Originated | Consumer | Other consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans		29,000
Originated | Consumer | Other consumer | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	5,301,000	4,045,000
Acquired
Financing Receivable, Past Due [Line Items]
Total loans	13,146,000	17,967,000
Acquired | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	648,000	754,000
Acquired | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	345,000	269,000
Acquired | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	68,000	69,000
Acquired | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	235,000	416,000
Acquired | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	12,498,000	17,213,000
Acquired | Residential
Financing Receivable, Past Due [Line Items]
Total loans	10,295,000	14,102,000
Acquired | Residential | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	601,000	641,000
Acquired | Residential | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	318,000	223,000
Acquired | Residential | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	68,000	48,000
Acquired | Residential | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	215,000	370,000
Acquired | Residential | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	9,694,000	13,461,000
Acquired | Residential | One- to four-family
Financing Receivable, Past Due [Line Items]
Total loans	10,295,000	14,102,000
Acquired | Residential | One- to four-family | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	601,000	641,000
Acquired | Residential | One- to four-family | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	318,000	223,000
Acquired | Residential | One- to four-family | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	68,000	48,000
Acquired | Residential | One- to four-family | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	215,000	370,000
Acquired | Residential | One- to four-family | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	9,694,000	13,461,000
Acquired | Commercial
Financing Receivable, Past Due [Line Items]
Total loans	1,906,000	2,269,000
Acquired | Commercial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	27,000
Acquired | Commercial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	27,000
Acquired | Commercial | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	1,879,000
Acquired | Commercial | Other commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans		2,269,000
Acquired | Commercial | Other commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans		15,000
Acquired | Commercial | Other commercial and industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans		15,000
Acquired | Commercial | Other commercial and industrial | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans		2,254,000
Acquired | Commercial | Real estate - nonresidential
Financing Receivable, Past Due [Line Items]
Total loans	1,744,000	1,942,000
Acquired | Commercial | Real estate - nonresidential | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	1,744,000	1,942,000
Acquired | Commercial | Commercial business
Financing Receivable, Past Due [Line Items]
Total loans	162,000	327,000
Acquired | Commercial | Commercial business | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	27,000	15,000
Acquired | Commercial | Commercial business | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	27,000
Acquired | Commercial | Commercial business | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans		15,000
Acquired | Commercial | Commercial business | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	135,000	312,000
Acquired | Consumer
Financing Receivable, Past Due [Line Items]
Total loans	945,000	1,596,000
Acquired | Consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	20,000	98,000
Acquired | Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans		46,000
Acquired | Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans		6,000
Acquired | Consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	20,000	46,000
Acquired | Consumer | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	925,000	1,498,000
Acquired | Consumer | Home equity and junior liens
Financing Receivable, Past Due [Line Items]
Total loans	861,000	1,406,000
Acquired | Consumer | Home equity and junior liens | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	20,000	96,000
Acquired | Consumer | Home equity and junior liens | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans		46,000
Acquired | Consumer | Home equity and junior liens | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans		6,000
Acquired | Consumer | Home equity and junior liens | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	20,000	44,000
Acquired | Consumer | Home equity and junior liens | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	841,000	1,310,000
Acquired | Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Total loans	84,000	190,000
Acquired | Consumer | Other consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans		2,000
Acquired | Consumer | Other consumer | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans		2,000
Acquired | Consumer | Other consumer | Total Loans Current
Financing Receivable, Past Due [Line Items]
Loans	$ 84,000	$ 188,000

Loans Receivable - Troubled Deb

Loans Receivable - Troubled Debt Restructurings (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Loans and Leases Receivable Disclosure [Line Items]
Number of modified loans		9
Number of contracts in non-accrual status	0
Total outstanding TDR | $	$ 3
Outstanding balance | $		$ 2.5
Automobile
Loans and Leases Receivable Disclosure [Line Items]
Number of modified loans	15

Loans Receivable - Impaired Loa

Loans Receivable - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Recorded Investment
Total:	$ 3,187	$ 6,152
Unpaid Principal Balance
Total:	3,358	6,603
Related Allowance	19	305
Average Recorded Investment
Total:	3,224	6,631
Interest Income Recognized
Total:	82	195
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:	73	782
With an allowance recorded:	55	713
Total:	128	1,495
Unpaid Principal Balance
With no related allowance recorded:	73	782
With an allowance recorded:	55	713
Total:	128	1,495
Related Allowance	12	265
Average Recorded Investment
Total:	130	1,572
Interest Income Recognized
Total:	1	54
Home equity and junior liens
Recorded Investment
With no related allowance recorded:	67	109
Total:	67	109
Unpaid Principal Balance
With no related allowance recorded:	67	109
Total:	67	109
Average Recorded Investment
Total:	71	110
Interest Income Recognized
Total:	2	7
Automobile
Recorded Investment
With an allowance recorded:		41
Total:		41
Unpaid Principal Balance
With an allowance recorded:		41
Total:		41
Related Allowance		10
Average Recorded Investment
Total:		46
Interest Income Recognized
Total:		4
Other consumer
Recorded Investment
With an allowance recorded:		2
Total:		2
Unpaid Principal Balance
With an allowance recorded:		2
Total:		2
Related Allowance		2
Average Recorded Investment
Total:		2
Residential | One- to four-family
Recorded Investment
With no related allowance recorded:	2,352	2,836
With an allowance recorded:	224	429
Total:	2,576	3,265
Unpaid Principal Balance
With no related allowance recorded:	2,423	2,937
With an allowance recorded:	224	429
Total:	2,647	3,366
Related Allowance	7	21
Average Recorded Investment
Total:	2,607	3,336
Interest Income Recognized
Total:	78	110
Commercial | Real estate - nonresidential
Recorded Investment
With no related allowance recorded:	416	1,198
Total:	416	1,198
Unpaid Principal Balance
With no related allowance recorded:	516	1,548
Total:	516	1,548
Average Recorded Investment
Total:	416	1,523
Interest Income Recognized
Total:	$ 1	$ 19

Servicing (Details)

Servicing (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Other Assets
Servicing Asset at Amortized Cost [Line Items]
Capitalized servicing rights	$ 17,000	$ 20,000
One- to four-family residential mortgage loan
Servicing Asset at Amortized Cost [Line Items]
Mortgage loans	11,900,000	14,000,000
Outstanding balance	$ 10,300,000	$ 12,100,000

Allowance for Loan Loss (Detail

Allowance for Loan Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Allowance for loan losses:
Beginning Balance	$ 1,821	$ 1,660
Charge-offs	(647)	(583)
Recoveries	127	264
Provision (credit) for loan losses	540	480
Ending balance	1,841	1,821
Ending balance: related to loans individually evaluated for impairment	19	305
Ending balance: related to loans collectively evaluated for impairment	1,822	1,516
Loans receivable - Ending balance	264,658	276,030
Loans receivable - Ending balance: individually evaluated for impairment	3,187	6,152
Loans receivable - Ending balance: collectively evaluated for impairment	261,471	269,878
Multi-family
Allowance for loan losses:
Beginning Balance	26	17
Recoveries	12	19
Provision (credit) for loan losses	(36)	(10)
Ending balance	2	26
Ending balance: related to loans individually evaluated for impairment		7
Ending balance: related to loans collectively evaluated for impairment	2	19
Loans receivable - Ending balance	456	5,125
Loans receivable - Ending balance: individually evaluated for impairment		42
Loans receivable - Ending balance: collectively evaluated for impairment	456	5,083
Home equity and junior liens
Allowance for loan losses:
Beginning Balance	46	50
Charge-offs	(2)	(9)
Recoveries		12
Provision (credit) for loan losses	(5)	(7)
Ending balance	39	46
Ending balance: related to loans collectively evaluated for impairment	39	46
Loans receivable - Ending balance	9,701	11,387
Loans receivable - Ending balance: individually evaluated for impairment	67	109
Loans receivable - Ending balance: collectively evaluated for impairment	9,634	11,278
Manufactured homes
Allowance for loan losses:
Beginning Balance	76
Provision (credit) for loan losses	26	76
Ending balance	102	76
Ending balance: related to loans collectively evaluated for impairment	102	76
Loans receivable - Ending balance	47,717	44,347
Loans receivable - Ending balance: collectively evaluated for impairment	47,717	44,347
Automobile
Allowance for loan losses:
Beginning Balance	127	142
Charge-offs	(12)	(54)
Recoveries	48	71
Provision (credit) for loan losses	(56)	(32)
Ending balance	107	127
Ending balance: related to loans individually evaluated for impairment		10
Ending balance: related to loans collectively evaluated for impairment	107	117
Loans receivable - Ending balance	22,666	21,469
Loans receivable - Ending balance: individually evaluated for impairment		41
Loans receivable - Ending balance: collectively evaluated for impairment	22,666	21,428
Student
Allowance for loan losses:
Beginning Balance	69	69
Recoveries	3	3
Provision (credit) for loan losses	(8)	(3)
Ending balance	64	69
Ending balance: related to loans collectively evaluated for impairment	64	69
Loans receivable - Ending balance	2,096	2,259
Loans receivable - Ending balance: collectively evaluated for impairment	2,096	2,259
Recreational Vehicle
Allowance for loan losses:
Charge-offs	(1)	(14)
Recoveries	8	6
Provision (credit) for loan losses	(7)	8
Loans receivable - Ending balance	29,463	14,557
Loans receivable - Ending balance: collectively evaluated for impairment	29,463	14,557
Other consumer
Allowance for loan losses:
Beginning Balance	84	35
Charge-offs	(45)	(4)
Recoveries	5	9
Provision (credit) for loan losses	4	44
Ending balance	48	84
Ending balance: related to loans individually evaluated for impairment		2
Ending balance: related to loans collectively evaluated for impairment	48	82
Loans receivable - Ending balance	5,492	4,271
Loans receivable - Ending balance: individually evaluated for impairment		2
Loans receivable - Ending balance: collectively evaluated for impairment	5,492	4,269
Unallocated
Allowance for loan losses:
Beginning Balance		22
Provision (credit) for loan losses		(22)
Residential
Allowance for loan losses:
Loans receivable - Ending balance	113,061	127,356
Residential | One- to four-family
Allowance for loan losses:
Beginning Balance	457	375
Charge-offs	(117)	(89)
Recoveries	28	4
Provision (credit) for loan losses	320	167
Ending balance	688	457
Ending balance: related to loans individually evaluated for impairment	7	21
Ending balance: related to loans collectively evaluated for impairment	681	436
Loans receivable - Ending balance	113,061	127,356
Loans receivable - Ending balance: individually evaluated for impairment	2,576	3,265
Loans receivable - Ending balance: collectively evaluated for impairment	110,485	124,091
Residential | Construction
Allowance for loan losses:
Beginning Balance		2
Provision (credit) for loan losses		(2)
Commercial
Allowance for loan losses:
Loans receivable - Ending balance	34,462	50,384
Commercial | Real estate - nonresidential
Allowance for loan losses:
Beginning Balance	319	421
Charge-offs	(386)	(398)
Recoveries	16
Provision (credit) for loan losses	681	296
Ending balance	630	319
Ending balance: related to loans collectively evaluated for impairment	630	319
Loans receivable - Ending balance	21,478	24,754
Loans receivable - Ending balance: individually evaluated for impairment	416	1,198
Loans receivable - Ending balance: collectively evaluated for impairment	21,062	23,556
Commercial | Multi-family
Allowance for loan losses:
Loans receivable - Ending balance	456	5,125
Commercial | Commercial business
Allowance for loan losses:
Beginning Balance	617	527
Charge-offs	(84)	(15)
Recoveries	7	140
Provision (credit) for loan losses	(379)	(35)
Ending balance	161	617
Ending balance: related to loans individually evaluated for impairment	12	265
Ending balance: related to loans collectively evaluated for impairment	149	352
Loans receivable - Ending balance	12,528	20,505
Loans receivable - Ending balance: individually evaluated for impairment	128	1,495
Loans receivable - Ending balance: collectively evaluated for impairment	12,400	19,010
Consumer
Allowance for loan losses:
Loans receivable - Ending balance	117,135	98,290
Consumer | Home equity and junior liens
Allowance for loan losses:
Loans receivable - Ending balance	9,701	11,387
Consumer | Manufactured homes
Allowance for loan losses:
Loans receivable - Ending balance	47,717	44,347
Consumer | Automobile
Allowance for loan losses:
Loans receivable - Ending balance	22,666	21,469
Consumer | Student
Allowance for loan losses:
Loans receivable - Ending balance	2,096	2,259
Consumer | Recreational Vehicle
Allowance for loan losses:
Loans receivable - Ending balance	29,463	14,557
Consumer | Other consumer
Allowance for loan losses:
Loans receivable - Ending balance	$ 5,492	$ 4,271

Federal Home Loan Bank of New_2

Federal Home Loan Bank of New York Stock (Details)	12 Months Ended
	Dec. 31, 2021
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, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Premises and equipment gross	$ 29,203	$ 29,941
Less: Accumulated depreciation	13,858	13,198
Total premises and equipment	15,345	16,743
Land
Property, Plant and Equipment [Line Items]
Premises and equipment gross	3,867	3,884
Buildings and improvements
Property, Plant and Equipment [Line Items]
Premises and equipment gross	18,049	19,041
Equipment
Property, Plant and Equipment [Line Items]
Premises and equipment gross	7,256	6,810
Construction in progress
Property, Plant and Equipment [Line Items]
Premises and equipment gross	$ 31	$ 206

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Summarized (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 792	$ 792
Gross Carrying Amount	1,761	1,761
Accumulated Amortization	(186)	(121)
Net Value, including goodwill	1,575	1,640
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5	5
Accumulated Amortization	(4)	(3)
Total	1	2
Core deposit intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	964	964
Accumulated Amortization	(182)	(118)
Total	$ 782	$ 846

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Narrative (Details) - USD ($)	Sep. 29, 2018	Dec. 28, 2016	Dec. 31, 2021	Dec. 31, 2020
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, 2021	Dec. 31, 2020
Intangible Assets
Amortization expense	$ 65,000	$ 65,000
Amortization Expense
2022	64,000
2023	64,000
2024	64,000
2025	64,000
2026	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

Deposits - Type of Deposits (De

Deposits - Type of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits
Checking accounts, non-interest bearing	$ 57,540	$ 65,673
Checking accounts, interest-bearing	37,169	31,745
Money market accounts	31,333	26,334
Savings accounts	110,272	102,307
Time deposits	75,735	83,487
Total deposits	312,049	309,546
Reciprocal deposit	$ 19,000	$ 24,100

Deposits - Maturities of Time D

Deposits - Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits
2022	$ 56,353
2023	10,862
2024	5,468
2025	1,935
2026	732
Thereafter	385
Total time deposits	$ 75,735	$ 83,487

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deposits
Time deposits equal to or greater than $250,000	$ 24,164,000	$ 22,299,000

Borrowings - Composition of bor

Borrowings - Composition of borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Long-term:
Total long-term borrowings	$ 17,760	$ 27,628
Subordinated debt		1,235
Term advances
Long-term:
Total long-term borrowings	3,300	4,300
Amortizing advances
Long-term:
Total long-term borrowings	$ 14,460	$ 23,328

Borrowings - Principal balances

Borrowings - Principal balances and interest rates of borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Long-term:
Total long-term borrowings	$ 17,760	$ 27,628
Subordinated debt		1,235
Term advances
Long-term:
Total long-term borrowings	$ 3,300	$ 4,300
Term advances | Minimum
Long-term:
FHLB loan Interest rate	1.45%	1.45%
Term advances | Maximum
Long-term:
FHLB loan Interest rate	2.48%	2.48%
Amortizing advances
Long-term:
Total long-term borrowings	$ 14,460	$ 23,328
Amortizing advances | Minimum
Long-term:
FHLB loan Interest rate	0.96%	0.96%
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, 2021	Dec. 31, 2020
Long-term:
Due within 1 year	$ 6,457	$ 10,282
Due within 2 years	3,153	7,898
Due within 3 years	5,250	3,785
Due within 4 years	1,375	4,926
Due within 5 years	932	1,796
Thereafter	593	176
Total long-term borrowings	$ 17,760	$ 28,863

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Percentage of securities pledged	120.00%
Securities pledged amount	$ 21,300,000	$ 33,200,000
Outstanding amount	0	0
FHLB credit line
Debt Instrument [Line Items]
Current available capacity	51,800,000
Unused capacity	33,300,000
FHLB credit line | FHLB Stock
Debt Instrument [Line Items]
Securities pledged amount	1,500,000	2,000,000
FHLB credit line | Residential
Debt Instrument [Line Items]
Securities pledged amount	65,900,000	$ 70,600,000
Line of credit
Debt Instrument [Line Items]
Line of credit	10,000,000
Fed Fund Line of Credit
Debt Instrument [Line Items]
Line of credit	$ 5,500,000

Income Taxes - Income Taxes Exp

Income Taxes - Income Taxes Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current tax expense (benefit):
Federal	$ 21	$ (781)
State	78	15
Total current tax expense (benefit)	99	(766)
Deferred tax benefit:
Federal	184	662
Total deferred tax benefit	184	662
Expense (benefit) for income taxes	$ 283	$ (104)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Assets:
Deferred Compensation	$ 227,000	$ 111,000
Allowance for loan losses	447,000	458,000
Net operating loss carryforward	859,000	847,000
Mortgage recording tax credit		3,000
Nonaccrual interest	46,000	82,000
Other	101,000	72,000
Total deferred tax assets	1,680,000	1,573,000
Liabilities:
Pension	(2,332,000)	(1,831,000)
Intangible assets	(210,000)	(222,000)
Investment securities, unrealized gains	(105,000)	(144,000)
Mortgage servicing rights	(3,000)	(4,000)
Depreciation	(143,000)	(152,000)
Other	(5,000)	(6,000)
Total deferred tax liabilities	(2,798,000)	(2,359,000)
Net deferred tax liability	(1,118,000)	(786,000)
Net Income (Loss) Attributable to Parent	1,413,000	$ 1,748,000
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	$ 2,600,000

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, 2021	Dec. 31, 2020
Income Taxes
Federal statutory income tax rate	21.00%	21.00%
State tax, net of federal benefit	3.60%	0.70%
Bank owned life insurance and other permanent differences	(0.10%)	(2.10%)
Tax exempt income	(4.70%)	(9.80%)
Tax rate differential for NOL carryback		(18.90%)
Other	(3.10%)	2.80%
Effective income tax rate	16.70%	(6.30%)
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, 2021	Dec. 31, 2020
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	$ 57,000	$ 63,000
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, 2021USD ($)ageplan	Dec. 31, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Age to qualify for defined pension plans | age	21
Service period to qualify for defined pension plans	1 year
Bond Price Based On Recent Market Transaction Period	75 days
Change in plan assets:
Fair value of plan assets at beginning of year	$ 8,720,000
Fair value of plan assets at end of year	$ 11,107,000	$ 8,720,000
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 | age	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	$ 12,005,000	11,048,000
Service cost	458,000	413,000
Interest cost	420,000	448,000
Actuarial loss (gain)	289,000	946,000
Benefits paid	(1,062,000)	(850,000)
Benefit obligations at end of year	12,110,000	12,005,000
Change in plan assets:
Fair value of plan assets at beginning of year	18,332,000	16,679,000
Actual return on plan assets	2,646,000	2,222,000
Benefits paid	(1,062,000)	(850,000)
Employer contributions	365,000	281,000
Fair value of plan assets at end of year	20,281,000	18,332,000
Funded Status	8,171,000	6,327,000
Amounts recognized in accumulated other comprehensive loss
Unrecognized net loss (gain)	1,924,000	2,913,000
Tax effect	404,000	612,000
Amounts recognized in accumulated other comprehensive loss	1,520,000	2,301,000
Accumulated benefit obligation	$ 10,683,000	$ 10,481,000
Assumptions used to determine benefit obligations
Weighted average discount rate	3.42%	3.55%
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	$ 3,501,000	$ 3,489,000
Service cost	31,000	28,000
Interest cost	130,000	143,000
Actuarial loss (gain)	26,000	130,000
Benefits reimbursed (paid)	(387,000)	(289,000)
Benefit obligations at end of year	3,301,000	3,501,000
Change in plan assets:
Fair value of plan assets at beginning of year	5,894,000	5,463,000
Actual return on plan assets	712,000	720,000
Benefits reimbursed (paid)	(386,000)	(289,000)
Employer contributions	17,000
Fair value of plan assets at end of year	6,237,000	5,894,000
Funded Status	2,936,000	2,393,000
Amounts recognized in accumulated other comprehensive loss
Unrecognized net loss (gain)	(429,000)	(207,000)
Tax effect	(90,000)	(43,000)
Amounts recognized in accumulated other comprehensive loss	(339,000)	(164,000)
Accumulated benefit obligation	$ 3,234,000	$ 3,433,000
Assumptions used to determine benefit obligations
Weighted average discount rate	3.44%	3.83%
Rate of increase in future compensation levels	4.00%	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, 2022	Dec. 31, 2021	Dec. 31, 2020
Net periodic expenses recognized in income:
Net actuarial (gain) loss		$ (1,098,000)	$ (96,000)
Generations Bank Plan
Net periodic expenses recognized in income:
Service cost		458,000	413,000
Interest cost		420,000	448,000
Expected return on plan assets		(1,481,000)	(1,340,000)
Amortization of net losses		114,000	135,000
Net periodic pension benefit		(489,000)	(344,000)
Net actuarial (gain) loss		(875,000)	63,000
Amortization of net actuarial loss		(114,000)	(135,000)
Total recognized in other comprehensive (income) loss		(989,000)	(72,000)
Total recognized in net periodic pension benefit and other comprehensive (income) loss		(1,478,000)	(416,000)
Generations Bank Plan | Forecast
Net periodic expenses recognized in income:
Amortization expenses	$ 0
Medina Savings and Loan Plan
Net periodic expenses recognized in income:
Service cost		31,000	28,000
Interest cost		130,000	143,000
Expected return on plan assets		(464,000)	(430,000)
Net periodic pension benefit		(303,000)	(259,000)
Net actuarial (gain) loss		(222,000)	(160,000)
Total recognized in other comprehensive (income) loss		(222,000)	(160,000)
Total recognized in net periodic pension benefit and other comprehensive (income) loss		$ (525,000)	$ (419,000)
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, 2021	Dec. 31, 2020
Generations Bank Plan
Weighted-average assumptions were used to determine net periodic pension expense
Weighted average discount rate	3.55%	4.13%
Long-term rate of return on plan assets	8.00%	8.00%
Rate of increase in future compensation levels	4.00%	4.00%
Expects to contribute in 2022	$ 329,000
Expected benefit payments to be paid to participants
2022	281,000
2023	341,000
2024	384,000
2025	401,000
2026	401,000
2027-2031	$ 3,242,000
Medina Savings and Loan Plan
Weighted-average assumptions were used to determine net periodic pension expense
Weighted average discount rate	3.83%	4.20%
Long-term rate of return on plan assets	8.00%	8.00%
Rate of increase in future compensation levels	3.00%	3.00%
Expects to contribute in 2022	$ 0
Expected benefit payments to be paid to participants
2022	189,000
2023	187,000
2024	186,000
2025	183,000
2026	181,000
2027-2031	$ 928,000

Employee Benefit Plans - Defi_4

Employee Benefit Plans - Defined Benefit Plan - Investment Policies and Strategies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	$ 8,720,000	$ 11,107,000
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	$ 20,281,000	$ 16,679,000
Generations Bank Plan | Fundamental Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,538,000	1,631,000
Generations Bank Plan | Indexed Equity A
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	2,957,000	3,280,000
Generations Bank Plan | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,434,000	1,635,000
Generations Bank Plan | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	972,000	1,038,000
Generations Bank Plan | S&P Mid-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,398,000	1,458,000
Generations Bank Plan | Mid-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	957,000	1,030,000
Generations Bank Plan | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,153,000	1,248,000
Generations Bank Plan | Select Small-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,268,000	1,247,000
Generations Bank Plan | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	781,000	818,000
Generations Bank Plan | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	836,000	24,000
Generations Bank Plan | Premier Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,683,000	982,000
Generations Bank Plan | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,663,000	1,961,000
Generations Bank Plan | Western Strategic Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,692,000	3,929,000
Generations Bank Plan | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	18,332,000	20,281,000
Generations Bank Plan | Level 2 | Fundamental Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,538,000	1,631,000
Generations Bank Plan | Level 2 | Indexed Equity A
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	2,957,000	3,280,000
Generations Bank Plan | Level 2 | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,434,000	1,635,000
Generations Bank Plan | Level 2 | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	972,000	1,038,000
Generations Bank Plan | Level 2 | S&P Mid-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,398,000	1,458,000
Generations Bank Plan | Level 2 | Mid-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	957,000	1,030,000
Generations Bank Plan | Level 2 | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,153,000	1,248,000
Generations Bank Plan | Level 2 | Select Small-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,268,000	1,247,000
Generations Bank Plan | Level 2 | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	781,000	818,000
Generations Bank Plan | Level 2 | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	836,000	24,000
Generations Bank Plan | Level 2 | Premier Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,683,000	982,000
Generations Bank Plan | Level 2 | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,663,000	1,961,000
Generations Bank Plan | Level 2 | Western Strategic Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	1,692,000	3,929,000
Medina Savings and Loan Plan
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	5,894,000	6,237,000	$ 5,463,000
Medina Savings and Loan Plan | Fundamental Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	494,000	500,000
Medina Savings and Loan Plan | Indexed Equity A
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	951,000	996,000
Medina Savings and Loan Plan | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	461,000	494,000
Medina Savings and Loan Plan | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	312,000	316,000
Medina Savings and Loan Plan | S&P Mid-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	450,000	442,000
Medina Savings and Loan Plan | Mid-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	308,000	309,000
Medina Savings and Loan Plan | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	371,000	379,000
Medina Savings and Loan Plan | Select Small-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	408,000	380,000
Medina Savings and Loan Plan | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	251,000	251,000
Medina Savings and Loan Plan | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	269,000	16,000
Medina Savings and Loan Plan | Premier Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	541,000	308,000
Medina Savings and Loan Plan | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	534,000	615,000
Medina Savings and Loan Plan | Western Strategic Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	544,000	1,231,000
Medina Savings and Loan Plan | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	5,894,000	6,237,000
Medina Savings and Loan Plan | Level 2 | Fundamental Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	494,000	500,000
Medina Savings and Loan Plan | Level 2 | Indexed Equity A
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	951,000	996,000
Medina Savings and Loan Plan | Level 2 | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	461,000	494,000
Medina Savings and Loan Plan | Level 2 | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	312,000	316,000
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	442,000
Medina Savings and Loan Plan | Level 2 | Mid-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	308,000	309,000
Medina Savings and Loan Plan | Level 2 | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	371,000	379,000
Medina Savings and Loan Plan | Level 2 | Select Small-Cap Index
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	408,000	380,000
Medina Savings and Loan Plan | Level 2 | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	251,000	251,000
Medina Savings and Loan Plan | Level 2 | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	269,000	16,000
Medina Savings and Loan Plan | Level 2 | Premier Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	541,000	308,000
Medina Savings and Loan Plan | Level 2 | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	534,000	615,000
Medina Savings and Loan Plan | Level 2 | Western Strategic Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of planned assets	$ 544,000	$ 1,231,000
Medina Savings and Loan Plan | Equity securities | Fundamental Value
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%
Medina Savings and Loan Plan | Equity securities | Mid-Cap Value
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%
Medina Savings and Loan Plan | Equity securities | Small-Cap
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	25.00%
Medina Savings and Loan Plan | Equity securities | Developing Markets
Defined Benefit Plan Disclosure [Line Items]
Percentage of revenue from goods or services produced	50.00%
Medina Savings and Loan Plan | Equity securities | International Equity
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	25.00%
Medina Savings and Loan Plan | Equity securities | Premier Short-Duration Bond
Defined Benefit Plan Disclosure [Line Items]
Threshold weighted average portfolio maturity period	60 days
Medina Savings and Loan Plan | Equity securities | Minimum | Premier Core Bond
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%
Medina Savings and Loan Plan | Equity securities | Minimum | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Percentage of portfolio duration	75.00%
Medina Savings and Loan Plan | Equity securities | Minimum | Money Market
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	25.00%
Medina Savings and Loan Plan | Equity securities | Maximum | MetWest Total Return
Defined Benefit Plan Disclosure [Line Items]
Percentage of portfolio duration	125.00%
Medina Savings and Loan Plan | Stocks of blue chip companies | Blue Chip Growth
Defined Benefit Plan Disclosure [Line Items]
Percentage of investment	80.00%

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, 2021
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)	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares	Jan. 13, 2021	Jan. 12, 2021shares	Dec. 31, 2020USD ($)$ / sharesshares	Jul. 10, 2006shares	Jul. 06, 2006shares
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Exchange ratio of shares	0.9980	0.9980
Employee Stock Ownership Plan
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Total shares	112,554
Released shares	94,534			90,204
Unreleased shares	108,052
ESOP expense | $	$ 47,000
Unearned shares | $	108,052
Unearned shares value | $	1,300,000
Fair value of shares | $	$ 1,100,000			$ 940,000
Fair value per share | $ / shares	$ 11.91			$ 10.42
Exchange ratio of shares	0.9981
Employee Stock Ownership Plan | Wall Street Journal prime lending rate
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Interest rate	3.25%
Employee Stock Ownership Plan 2006
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Total shares						93,315
Released shares	90,032				90,032
Unreleased shares	3,104				3,104
Employee Stock Ownership Plan 2021
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Total shares			109,450
Released shares	4,502

Employee Benefit Plans - Other

Employee Benefit Plans - Other Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Contribution Plan Disclosure [Line Items]
Stock held in rabbi trust	$ 654,000	$ 290,000
Cost of securities	350,000
Directors' Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Stock held in rabbi trust	305,000
Fair value of the stock held in trust	417,000
Unrealized gain on securities	113,000
Expense attributable to contributions made	23,000	26,000
Cost of securities	350,000
Supplemental Executive Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Fair value of the stock held in trust	359,000
Unrealized gain on securities	65,000
Expense attributable to contributions made	31,000	$ 39,000
Cost of securities	$ 303,000

Regulatory Capital (Details)

Regulatory Capital (Details) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 10, 2020
Actual amount
Common Equity Tier 1 Capital,	$ 41,287	$ 31,942
Total Capital (to Risk-Weighted Assets)	43,128	33,768
Tier 1 Capital* (to Risk-Weighted Assets)	41,287	31,942
Core Capital (to Total Adjusted Assets)	$ 41,287	$ 31,942
Actual Ratio
Common Equity Tier 1 Capital	14.82	12.18
Total Capital (to Risk-Weighted Assets)	15.48	12.88
Tier 1 Capital* (to Risk-Weighted Assets)	14.82	12.18
Core Capital (to Total Adjusted Assets)	10.99	8.72
Excess capital to risk weighted assets	10	10
Minimum For Capital Adequacy Purposes, Amount
Common Equity Tier 1 Capital,	$ 12,534	$ 11,798
Total Capital (to Risk-Weighted Assets)	22,282	20,974
Tier 1 Capital* (to Risk-Weighted Assets)	16,712	15,730
Core Capital (to Total Adjusted Assets)	$ 15,034	$ 14,648
Minimum For Capital Adequacy Purposes, Ratio
Common Equity Tier 1 Capital,	4.50	4.50
Total Capital (to Risk-Weighted Assets)	8	8
Tier 1 Capital* (to Risk-Weighted Assets)	6	6
Core Capital (to Total Adjusted Assets)	4	4
Minimum To Be Well- Capitalized Under Prompt Corrective Provisions Amount
Common Equity Tier 1 Capital,	$ 18,104	$ 17,041
Total Capital (to Risk-Weighted Assets)	27,853	26,217
Tier 1 Capital* (to Risk-Weighted Assets)	22,282	20,974
Core Capital (to Total Adjusted Assets)	$ 18,792	$ 18,310
Minimum To Be Well- Capitalized Under Prompt Corrective Provisions Ratio
Common Equity Tier 1 Capital,	6.50	6.50
Total Capital (to Risk-Weighted Assets)	10	10
Tier 1 Capital* (to Risk-Weighted Assets)	8	8
Core Capital (to Total Adjusted Assets)	5	5
Required leverage ratio			8
Required total capital ratio			12

Dividends and Restrictions - (D

Dividends and Restrictions - (Details)	Dec. 31, 2021USD ($)
Dividends and Restrictions
Amount of retained earnings legally available for payment of dividend	$ 3,248,000

Commitments and Contingencies -

Commitments and Contingencies - Credit Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies
Loan commitments with fixed interest rate	$ 3,800	$ 4,600
Loan commitments with variable interest rate	15,300	14,200
Commitments to grant loans
Commitments and Contingencies
Credit risk for financial instruments	3,524	4,009
Unfunded commitments under lines of credit
Commitments and Contingencies
Credit risk for financial instruments	$ 15,568	$ 14,823

Commitments and Contingencies_2

Commitments and Contingencies - Commitments to Originate (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies
Outstanding principal balance	$ 278,120,000	$ 285,640,000
MPF Program
Commitments and Contingencies
Outstanding principal balance	10,300,000
Recourse back to bank for loans sold	707,000
First loss account allocated to bank	88,000
MPF Program, Inclusive of USDA Loans
Commitments and Contingencies
Outstanding principal balance	$ 68,600,000

Commitments and Contingencies_3

Commitments and Contingencies - Lease Commitments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies
Operating lease expense	$ 19,000	$ 41,000
Future minimum lease commitments
Future minimum lease commitments	$ 0

Concentrations of Credit Risk (

Concentrations of Credit Risk (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Concentration Risk [Line Items]
Cash not subject to FDIC limits	$ 15,228,000	$ 21,491,000
Outstanding PPP loans	278,120,000	285,640,000
Paycheck Protection Program (PPP)
Concentration Risk [Line Items]
Loans outstanding modified	0
Originated PPP loans	3,700,000	$ 10,000,000
Outstanding PPP loans	$ 367,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions
Beginning balance	$ 2,527	$ 2,755
Originations	173	408
Payments and change in status	(210)	(636)
Ending balance	2,490	2,527
Deposits owned by related parties
Related Party Transactions
Deposits owned by related parties	$ 2,200	$ 1,600

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contracts with Customers
Revenues	$ 2,291	$ 2,315
Service charges on deposit accounts
Revenue from Contracts with Customers
Revenues	563	588
Debit card interchange and surcharge income
Revenue from Contracts with Customers
Revenues	855	760
Investment services income
Revenue from Contracts with Customers
Revenues		88
Insurance commission and fees
Revenue from Contracts with Customers
Revenues	722	755
Loan servicing fees
Revenue from Contracts with Customers
Revenues	$ 151	$ 124

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax effect	$ 283	$ (104)
Retirement plan net losses recognized in net periodic pension cost	5,299	5,621
Amounts Reclassified From AOCI | Securities Available-for-Sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain on sale of securities	(10)	(1,071)
Tax effect	2	225
Net income available-for-sale securities	(8)	(846)
Amounts Reclassified From AOCI | Defined Benefit Pension Plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax effect	(23)	(28)
Retirement plan net losses recognized in net periodic pension cost	114	135
Net income	$ 91	$ 107

Fair Value Disclosures - Carryi

Fair Value Disclosures - Carrying amount and estimated fair value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Investment securities available-for-sale, at fair value	$ 36,975	$ 17,926
Securities held-to-maturity	1,150	1,510
Carrying Value
Financial assets:
Cash and cash equivalents	20,997	26,830
Interest-bearing time deposits in banks	650
Investment securities available-for-sale, at fair value	36,975	17,926
Securities held-to-maturity	1,128	1,480
Equity securities	350	661
Loans receivable	278,120	285,640
FHLB stock	1,450	1,992
Accrued interest receivable	1,249	1,179
Financial liabilities:
Deposits	312,049	309,546
Long-term borrowings	17,760	27,628
Subordinated debt		1,235
Accrued interest payable	35	52
Fair Value
Financial assets:
Cash and cash equivalents	20,997	26,830
Interest-bearing time deposits in banks	650
Investment securities available-for-sale, at fair value	36,975	17,926
Securities held-to-maturity	1,150	1,510
Equity securities	350	661
Loans receivable	281,502	280,887
FHLB stock	1,450	1,992
Accrued interest receivable	1,249	1,179
Financial liabilities:
Deposits	313,970	311,175
Long-term borrowings	21,985	30,053
Subordinated debt		1,235
Accrued interest payable	35	52
Level 1 | Fair Value
Financial assets:
Cash and cash equivalents	20,997	26,830
Equity securities	350	661
Accrued interest receivable	1,249	1,179
Financial liabilities:
Deposits	94,709	97,418
Accrued interest payable	35	52
Level 2 | Fair Value
Financial assets:
Interest-bearing time deposits in banks	650
Investment securities available-for-sale, at fair value	33,965	14,752
Securities held-to-maturity	1,150	1,510
FHLB stock	1,450	1,992
Financial liabilities:
Long-term borrowings	21,985	30,053
Subordinated debt		1,235
Level 3 | Fair Value
Financial assets:
Investment securities available-for-sale, at fair value	3,010	3,174
Loans receivable	281,502	280,887
Financial liabilities:
Deposits	$ 219,261	$ 213,757

Fair Value Disclosures - Fair v

Fair Value Disclosures - Fair value on a recurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Securities available-for-sale:
Debt investment securities	$ 36,975	$ 17,926
Residential mortgage-backed - US agency and GSEs
Securities available-for-sale:
Debt investment securities	33	39
Corporate bonds
Securities available-for-sale:
Debt investment securities	18,043
Fair Value, Recurring [Member]
Equity securities:
Investments, Fair Value Disclosure, Total	37,325	18,587
Fair Value, Recurring [Member] | Residential mortgage-backed - US agency and GSEs
Securities available-for-sale:
Debt investment securities	33	39
Fair Value, Recurring [Member] | Corporate bonds
Securities available-for-sale:
Debt investment securities	18,043
Fair Value, Recurring [Member] | Municipal bonds
Securities available-for-sale:
Debt investment securities	18,899	17,887
Fair Value, Recurring [Member] | Large cap equity mutual fund
Equity securities:
Equity investment securities, at fair value	45	35
Fair Value, Recurring [Member] | Other mutual funds
Equity securities:
Equity investment securities, at fair value	305	626
Level 1 | Fair Value, Recurring [Member]
Equity securities:
Investments, Fair Value Disclosure, Total	350	661
Level 1 | Fair Value, Recurring [Member] | Large cap equity mutual fund
Equity securities:
Equity investment securities, at fair value	45	35
Level 1 | Fair Value, Recurring [Member] | Other mutual funds
Equity securities:
Equity investment securities, at fair value	305	626
Level 2 | Fair Value, Recurring [Member]
Equity securities:
Investments, Fair Value Disclosure, Total	33,965	14,752
Level 2 | Fair Value, Recurring [Member] | Residential mortgage-backed - US agency and GSEs
Securities available-for-sale:
Debt investment securities	33	39
Level 2 | Fair Value, Recurring [Member] | Corporate bonds
Securities available-for-sale:
Debt investment securities	18,043
Level 2 | Fair Value, Recurring [Member] | Municipal bonds
Securities available-for-sale:
Debt investment securities	15,889	14,713
Level 3 | Fair Value, Recurring [Member]
Equity securities:
Investments, Fair Value Disclosure, Total	3,010	3,174
Level 3 | Fair Value, Recurring [Member] | Municipal bonds
Securities available-for-sale:
Debt investment securities	$ 3,010	$ 3,174

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, 2021	Dec. 31, 2020
Changes in Level 3 assets measured at estimated fair value on a recurring basis
Beginning balance	$ 3,174	$ 2,512
Included in other comprehensive income	161	116
Purchases	826	2,007
Principal payments	(1,151)	(1,461)
Ending balance	$ 3,010	$ 3,174

Fair Value Disclosures - Summar

Fair Value Disclosures - Summarize assets measured at fair value on a nonrecurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Summarize assets measured at fair value on a nonrecurring basis
Impaired loans	$ 3,187	$ 6,152
Foreclosed real estate & repossessed assets	27	45
Non - recurring
Summarize assets measured at fair value on a nonrecurring basis
Impaired loans	391	1,663
Foreclosed real estate & repossessed assets	27	45
Non - recurring | Level 3
Summarize assets measured at fair value on a nonrecurring basis
Impaired loans	391	1,663
Foreclosed real estate & repossessed assets	$ 27	$ 45

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, 2021	Dec. 31, 2020
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, 2021	Dec. 31, 2020
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 loans | 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 loans | 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, 2021	Dec. 31, 2020	Dec. 31, 2019
ASSETS:
Cash and cash equivalents	$ 20,997	$ 26,830
Investment securities available-for-sale, at fair value	36,975	17,926
Other assets	2,086	3,167
Total assets	378,949	373,800
LIABILITIES AND SHAREHOLDERS' EQUITY:
Subordinated debt		1,235
Deferred tax liability	1,118	786
Other liabilities	2,100	2,124
Shareholders' equity	43,479	29,886	$ 28,231
Total liabilities and shareholders' equity	378,949	373,800
Generations Bancorp NY, Inc.
ASSETS:
Cash and cash equivalents	2,066	113
Investment securities available-for-sale, at fair value	316	635
Investment in bank subsidiary	41,897	32,167
Note receivable - ESOP		41
Other assets	42	927
Total assets	44,321	33,883
LIABILITIES AND SHAREHOLDERS' EQUITY:
Due to Bank		1,851
Subordinated debt		1,235
Deferred tax liability	72	72
Other liabilities	769	839
Shareholders' equity	43,480	29,886
Total liabilities and shareholders' equity	$ 44,321	$ 33,883

Parent Company Only Financial_4

Parent Company Only Financial Information - Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Expenses
Interest expense	$ 1,684	$ 2,925
Loss before taxes and equity in undistributed net income of bank subsidiary	1,696	1,644
Income tax expense (benefit)	283	(104)
Loss before equity in undistributed net income of bank subsidiary	1,413	1,748
Net income	1,413	1,748
Generations Bancorp NY, Inc.
Income
Dividends from securities available-for-sale	23	6
Other noninterest income	20	40
Total income	43	46
Expenses
Interest expense	9	84
Other expenses	127	251
Total expenses	136	335
Loss before taxes and equity in undistributed net income of bank subsidiary	(93)	(289)
Income tax expense (benefit)	(16)	(274)
Loss before equity in undistributed net income of bank subsidiary	(77)	(15)
Equity in undistributed net income of bank subsidiary	1,490	1,763
Net income	$ 1,413	$ 1,748

Parent Company Only Financial_5

Parent Company Only Financial Information - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net income	$ 1,413	$ 1,748
Realized gains on equity securities		(29)
Net cash provided (used) by operating activities	3,402	998
INVESTING ACTIVITIES
Proceeds from the sale of investment securities available-for-sale	4,149	18,906
Net cash used in investing activities	(12,655)	(10,400)
FINANCING ACTIVITIES
Net proceeds from stock offering and conversion	13,151
Purchase of common stock of SERP	(14)
Purchase of common stock for Directors Retirement Plan	(13)
MHC Merger		(63)
Net cash provided by financing activities	3,420	22,784
Net change in cash and cash equivalents	(5,833)	13,382
Cash and cash equivalents at beginning of period	26,830	13,448
Cash and cash equivalents at end of period	20,997	26,830
Generations Bancorp NY, Inc.
OPERATING ACTIVITIES
Net income	1,413	1,748
Equity in undistributed net income (loss) of bank subsidiary	(1,490)	(1,763)
Unrealized gain loss equity security	(20)	(39)
ESOP expense	48
Net change in other assets	888	(927)
Net change in other liabilities	(70)	(322)
Net cash provided (used) by operating activities	769	(1,303)
INVESTING ACTIVITIES
Capital Infusion in Subsidiary	(7,750)	(500)
Repayments received on ESOP note		79
Net cash used in investing activities	(7,750)	(421)
FINANCING ACTIVITIES
Net proceeds from stock offering and conversion	13,151
Net proceeds from (repayment of) advances on note payable	(1,851)	1,269
Repayments received on sub-debt	(1,235)
Purchase of common stock for ESOP	(1,104)
Treasury stock purchases		(41)
Advances from Sub-Debt		500
Purchase of common stock of SERP	(14)
Purchase of common stock for Directors Retirement Plan	(13)
MHC Merger		(63)
Net cash provided by financing activities	8,934	1,665
Net change in cash and cash equivalents	1,953	(59)
Cash and cash equivalents at beginning of period	113	172
Cash and cash equivalents at end of period	$ 2,066	$ 113

Segment Information (Details)

Segment Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)segment	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	3
Net interest income	$ 11,919	$ 10,491
Provision for loan losses	540	480
Net interest income after provision for loan losses	11,379	10,011
Total noninterest income	2,726	3,960
Compensation and benefits	5,299	5,621
Other noninterest expense	(1,313)	(1,296)
Income before income taxes	1,696	1,644
Income tax expense (benefit)	283	(104)
Net income	1,413	1,748
Total assets	378,949	373,800
Operating segment
Segment Reporting Information [Line Items]
Net interest income	11,919	10,491
Provision for loan losses	540	480
Net interest income after provision for loan losses	11,379	10,011
Total noninterest income	2,727	3,960
Compensation and benefits	(5,299)	(5,621)
Other noninterest expense	(7,111)	(6,706)
Income before income taxes	1,696	1,644
Income tax expense (benefit)	283	(104)
Net income	1,413	1,748
Total assets	395,225	392,322
Operating segment | Community Banking Activities
Segment Reporting Information [Line Items]
Net interest income	11,669	10,011
Provision for loan losses	540	480
Net interest income after provision for loan losses	11,129	9,531
Total noninterest income	1,998	2,718
Compensation and benefits	(4,923)	(5,176)
Other noninterest expense	(6,876)	(6,418)
Income before income taxes	1,328	655
Income tax expense (benefit)	254	(112)
Net income	1,074	767
Operating segment | Insurance Activities
Segment Reporting Information [Line Items]
Total noninterest income	729	762
Compensation and benefits	(376)	(389)
Other noninterest expense	(149)	(158)
Income before income taxes	204	215
Net income	204	215
Operating segment | Municipal Banking Activities
Segment Reporting Information [Line Items]
Net interest income	250	480
Net interest income after provision for loan losses	250	480
Total noninterest income		480
Compensation and benefits		(56)
Other noninterest expense	(86)	(130)
Income before income taxes	164	774
Income tax expense (benefit)	29	8
Net income	135	766
Elimination of intercompany balances
Segment Reporting Information [Line Items]
Total assets	$ (16,276)	$ (18,522)