Catalyst Bancorp (CLST) 10-Q 9 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 06, 2023
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-40893
Entity Registrant Name	CATALYST BANCORP, INC.
Entity Incorporation, State or Country Code	LA
Entity Tax Identification Number	86-2411762
Entity Address, Address Line One	235 N. Court Street
Entity Address, City or Town	Opelousas
Entity Address State Or Province	LA
Entity Address, Postal Zip Code	70570
City Area Code	337
Local Phone Number	948-3033
Title of 12(b) Security	Common Stock
Trading Symbol	CLST
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,769,155
Entity Central Index Key	0001849867
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Non-interest-bearing cash	$ 3,497	$ 5,092
Interest-bearing cash and due from banks	9,769	8,380
Total cash and cash equivalents	13,266	13,472
Investment securities:
Securities available-for-sale, at fair value	71,808	79,602
Securities held-to-maturity (fair values of $10,573 and $10,724, respectively)	13,464	13,475
Loans receivable, net of unearned income	135,672	133,607
Allowance for loan losses	(2,036)	(1,807)
Loans receivable, net	133,636	131,800
Accrued interest receivable	806	673
Foreclosed assets	37	320
Premises and equipment, net	6,160	6,303
Stock in correspondent banks, at cost	1,858	1,808
Bank-owned life insurance	13,917	13,617
Other assets	2,956	2,254
TOTAL ASSETS	257,908	263,324
Deposits
Non-interest-bearing	33,222	33,657
Interest-bearing	131,998	131,437
Total deposits	165,220	165,094
Advances from Federal Home Loan Bank	9,333	9,198
Other liabilities	1,147	558
TOTAL LIABILITIES	175,700	174,850
SHAREHOLDERS' EQUITY
Preferred stock, $0.01 par value - 5,000,000 shares authorized; none issued
Common stock, $0.01 par value; 30,000,000 shares authorized; 4,848,290 and 5,290,000 issued and outstanding at September 30, 2023 and December 31, 2022, respectively	48	53
Additional paid-in capital	45,855	51,062
Unallocated common stock held by benefit plans	(6,274)	(6,307)
Retained earnings	52,687	52,740
Accumulated other comprehensive income (loss)	(10,108)	(9,074)
TOTAL SHAREHOLDERS' EQUITY	82,208	88,474
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 257,908	$ 263,324

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
Fair Value	$ 10,573	$ 10,724
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	30,000,000	30,000,000
Common Stock, Shares, Issued	4,848,290	5,290,000
Common Stock, Shares, Outstanding	4,848,290	5,290,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
INTEREST INCOME
Loans receivable, including fees	$ 1,852	$ 1,466	$ 5,172	$ 4,584
Investment securities	403	381	1,243	1,062
Other	214	185	643	262
Total interest income	2,469	2,032	7,058	5,908
INTEREST EXPENSE
Deposits	428	93	1,012	272
Advances from Federal Home Loan Bank	69	69	205	205
Total interest expense	497	162	1,217	477
Net interest income	1,972	1,870	5,841	5,431
Provision for (reversal of) credit losses		(115)		(375)
Net interest income after provision for (reversal of) credit losses	1,972	1,985	5,841	5,806
NON-INTEREST INCOME
Service charges on deposit accounts	190	192	573	542
Gain (loss) on disposals and sales of fixed assets				(77)
Bank-owned life insurance	104	97	300	216
Federal community development grant				171
Other	12	7	44	20
Total non-interest income	306	296	917	872
NON-INTEREST EXPENSE
Salaries and employee benefits	1,141	1,168	3,522	3,647
Occupancy and equipment	198	203	609	640
Data processing and communication	228	216	675	666
Professional fees	100	157	346	472
Directors' fees	116	75	345	185
ATM and debit card	68	76	187	184
Foreclosed assets, net	2	3	67
Advertising and marketing	25	36	77	187
Franchise and shares tax	19	15	71	131
Regulatory fees and assessments	33	35	99	104
Insurance	26	34	80	100
Printing, supplies and postage	28	37	102	117
Other	97	78	277	285
Total non-interest expense	2,081	2,133	6,457	6,718
Income (loss) before income tax expense (benefit)	197	148	301	(40)
Income tax expense (benefit)	27	13	19	(49)
NET INCOME	$ 170	$ 135	$ 282	$ 9
Earnings per share - basic (in dollars per share)	$ 0.03	$ 0.03	$ 0.06	$ 0.01
Earnings per share - diluted (in dollars per share)	$ 0.03	$ 0.03	$ 0.06	$ 0.01

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income (loss)	$ 170	$ 135	$ 282	$ 9
Net change in unrealized gains (losses) on available-for-sale securities	(1,852)	(4,229)	(1,309)	(11,776)
Income tax effect	389	888	275	2,473
Total other comprehensive income (loss)	(1,463)	(3,341)	(1,034)	(9,303)
Total comprehensive income (loss)	$ (1,293)	$ (3,206)	$ (752)	$ (9,294)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Unallocated Common Stock Held by ESOP	Retained Earnings Adoption impact	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Adoption impact	Total
Beginning Balance at Dec. 31, 2021	$ 53	$ 50,802	$ (4,179)		$ 52,560	$ (683)		$ 98,553
CHANGES IN EQUITY
Net income					9			9
Other comprehensive income (loss)						(9,303)		(9,303)
ESOP shares released for allocation		53	159					212
Stock compensation expense		47						47
Ending Balance at Sep. 30, 2022	53	50,902	(4,020)		52,569	(9,986)		89,518
Beginning Balance at Jun. 30, 2022	53	50,838	(4,073)		52,434	(6,645)		92,607
CHANGES IN EQUITY
Net income					135			135
Other comprehensive income (loss)						(3,341)		(3,341)
ESOP shares released for allocation		17	53					70
Stock compensation expense		47						47
Ending Balance at Sep. 30, 2022	53	50,902	(4,020)		52,569	(9,986)		89,518
Beginning Balance at Dec. 31, 2022	53	51,062	(6,307)	$ (335)	52,740	(9,074)	$ (335)	88,474
CHANGES IN EQUITY
Net income					282			282
Other comprehensive income (loss)						(1,034)		(1,034)
ESOP shares released for allocation		27	159					186
Stock purchased to fund the 2022 Recognition and Retention Plan			(415)					(415)
2022 Recognition and Retention Plan shares released for allocation		(289)	289
Stock compensation expense		386						386
Repurchase of common stock	(5)	(5,331)						(5,336)
Ending Balance at Sep. 30, 2023	48	45,855	(6,274)		52,687	(10,108)		82,208
Beginning Balance at Jun. 30, 2023	49	47,032	(6,616)		52,517	(8,645)		84,337
CHANGES IN EQUITY
Net income					170			170
Other comprehensive income (loss)						(1,463)		(1,463)
ESOP shares released for allocation		10	53					63
2022 Recognition and Retention Plan shares released for allocation		(289)	289
Stock compensation expense		102						102
Repurchase of common stock	(1)	(1,000)						(1,001)
Ending Balance at Sep. 30, 2023	$ 48	$ 45,855	$ (6,274)		$ 52,687	$ (10,108)		$ 82,208

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 282	$ 9
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Investment securities amortization, net	236	370
Federal Home Loan Bank stock dividends	(49)	(6)
Amortization of prepayment penalties on debt restructuring	135	135
Provision for (reversal of) credit losses		(375)
Net loss (gain) on disposals and sales of premises and equipment		77
Increase in cash surrender value of bank-owned life insurance	(300)	(216)
Stock-based compensation	572	259
Depreciation of premises and equipment	301	343
Net write-downs and losses (gains) on the sale of foreclosed assets	62	(9)
Deferred income tax expense (benefit)	(74)	54
(Increase) decrease in other assets	(395)	(111)
Increase (decrease) in other liabilities	308	(154)
Net cash provided by (used in) operating activities	1,078	376
Activity in available-for-sale securities:
Proceeds from maturities, calls, and paydowns	6,259	8,547
Purchases		(10,900)
Net decrease (increase) in loans	(2,019)	54
Proceeds from sale of foreclosed assets	259	39
Purchases of premises and equipment	(158)	(235)
Purchase of bank-owned life insurance		(10,000)
Net cash provided by (used in) investing activities	4,341	(12,495)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits	126	7,432
Purchase of stock to fund the 2022 Recognition and Retention Plan	(415)
Repurchase of common stock	(5,336)
Net cash provided by (used in) financing activities	(5,625)	7,432
NET CHANGE IN CASH AND CASH EQUIVALENTS	(206)	(4,687)
CASH AND CASH EQUIVALENTS, beginning of period	13,472	40,884
CASH AND CASH EQUIVALENTS, end of period	13,266	36,197
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES
Acquisition of real estate in settlement of loans	37	10
SUPPLEMENTAL SCHEDULE OF INTEREST AND TAXES PAID
Cash paid for interest	$ 916	345
Cash paid for income taxes		$ 243

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2023
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1. BASIS OF PRESENTATION Catalyst Bancorp, Inc. (“Catalyst Bancorp” or the “Company”) is the holding company for Catalyst Bank (the “Bank”), formerly known as St. Landry Homestead Federal Savings Bank. The Bank has been in operation in the Acadiana region of south-central Louisiana since 1922 and offers commercial and retail banking products through six full-service locations. The Company was incorporated by the Bank in February 2021 as part of the conversion of the Bank from the mutual to the stock form of organization (the “Conversion”). The Conversion was completed on October 12, 2021, at which time the Company acquired all of the issued and outstanding shares of common stock of the Bank and became the holding company for the Bank. Shares of the Company’s common stock were issued and sold in an offering to certain depositors of the Bank and others. The Company was not engaged in operations and had not issued any shares of stock prior to the completion of the Conversion. As used in this report, unless the context otherwise requires, the terms “we,” “our,” “us,” or the “Company” refer to Catalyst Bancorp, and the term the “Bank” refers to Catalyst Bank, the wholly owned subsidiary of the Company. In addition, unless the context otherwise requires, references to the operations of the Company include the operations of the Bank. The accompanying unaudited consolidated financial statements of the Company were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, comprehensive income, changes in equity and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three and nine months ended September 30, 2023 and 2022 are not necessarily indicative of the results which may be expected for the entire fiscal year. These statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2022. Certain amounts reported in prior periods may have been reclassified to conform to the current period presentation. Such reclassifications had no effect on previously reported equity or net income. ​ Critical Accounting Policies and Estimates Critical accounting policies are defined as those that are reflective of significant judgments and uncertainties and could reflect materially different results under different assumptions and conditions. Methodologies the Company uses when applying critical accounting policies and developing critical estimates are included in its Annual Report on Form 10-K for the year ended December 31, 2022. As of January 1, 2023, the Company adopted the guidance in Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments. The main provisions of the ASU have been codified by the Financial Accounting Standards Board (“FASB”) in Topic 326 of the Accounting Standards Codification (“ASC 326”). The new standard changed the impairment model for most financial assets that are measured at amortized cost, including off-balance sheet credit exposures, from an incurred loss model to an expected loss model. Determining the appropriateness of the allowance requires judgement by management about the effect of matters that are inherently uncertain. Changes in factors and forecasts used in evaluating the overall loan portfolio may result in significant changes in the allowance for credit losses and related provision expense in future periods. The allowance level is influenced by loan volumes, loan asset quality ratings, delinquency status, historical credit loss experience, loan performance characteristics, forecasted information and other conditions influencing loss expectations. Changes to the assumptions in the model in future periods could have a material impact on the Company’s Consolidated Financial Statements. See Note 2 There were no other material changes from the significant accounting policies previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the Company’s financial condition, results of operations, comprehensive income, changes in equity and cash flows for the interim periods presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2023
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 2. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Standards Adopted in 2023 ASU No. 2016-13. ​ In addition, ASC 326 requires expected credit related losses for available-for-sale debt securities to be recorded through an allowance for credit losses, while non-credit related losses will continue to be recognized through other comprehensive income. Under former GAAP, we assessed our investment securities for other-than-temporary impairment and any declines in fair value that were deemed other-than-temporary resulted in a direct write-down to the amortized cost basis of the related security. The allowance approach allows estimated expected credit losses to be adjusted from period-to-period, as opposed to a permanent write-down. ​ The Company applied the guidance under ASC 326 using the modified retrospective approach which resulted in an adjustment to beginning retained earnings for 2023. The information for reporting periods beginning on and after January 1, 2023 are presented under ASC 326, while prior periods continue to be reported in accordance with previously applicable GAAP. The following table illustrates the impact of ASC Topic 326. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ASC 326 Adoption ​ January 1, (Dollars in thousands) ​ 2022 ​ Impact ​ 2023 Allowance for credit losses ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 1,224 ​ $ 158 ​ $ 1,382 Commercial real estate ​ ​ 248 ​ ​ (53) ​ ​ 195 Construction and land ​ ​ 74 ​ ​ 40 ​ ​ 114 Multi-family residential ​ ​ 40 ​ ​ 5 ​ ​ 45 Commercial and industrial ​ ​ 175 ​ ​ 51 ​ ​ 226 Consumer ​ ​ 46 ​ ​ 8 ​ ​ 54 Total allowance for loan losses ​ $ 1,807 ​ $ 209 ​ $ 2,016 Unfunded lending commitments (1) ​ ​ - ​ ​ 216 ​ ​ 216 Total allowance for credit losses ​ $ 1,807 ​ $ 425 ​ $ 2,232 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained Earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ Total increase in the allowance for credit losses ​ ​ ​ ​ $ 425 ​ ​ ​ Tax effect ​ ​ ​ ​ ​ (90) ​ ​ ​ Decrease to retained earnings, net of tax effect ​ ​ ​ ​ $ 335 ​ ​ ​ (1) The allowance for credit losses on unfunded lending commitments is recorded within “other liabilities” on the statement of financial condition. The related provision for credit losses for unfunded lending commitments is recorded with the provision for loan losses and reported in aggregate as the provision for credit losses on the income statement. ​ Under ASC 326, the Company groups loans and unfunded lending commitments with similar risk characteristics into pools or segments and collectively evaluates each pool to estimate the allowance for credit losses. For each loan pool, the Company uses the remaining life method to calculate its credit loss estimate under CECL. The remaining life method applies an estimated average loss rate to the expected future outstanding balances of the relevant pool of loans. The estimated average loss rate is based on historical charge-off rates and the future balances or the remaining life of each pool is based on recent trends in the rate at which existing loans have paid-off or paid-down. We attempt to forecast the average loss rate for each pool over the first two years of the estimated remaining life, then revert to the long-term average after the forecast period. For each pool of loans, management also evaluates and applies qualitative adjustments to the calculated allowance for credit losses based on several factors, including, but not limited to, changes in current and expected future economic conditions, changes in industry experience and loan concentrations, changes in credit quality, changes in lending policies and personnel and changes in the competitive and regulatory environment of the banking industry. The ultimate loss rates computed for each loan pool (a product of our quantitative calculation and qualitative adjustments) are used to estimate the allowance for credit losses on unfunded lending commitments. The pooled loan loss rates are applied to the portion of the unfunded lending commitments that management expects to fund in the future. These unfunded commitments are segmented into pools consistent with our grouping of outstanding loans and include available portions of lines of credit, undisbursed portions of construction loans and commitments to originate new loans. The Company has identified the following portfolio segments based on the risk characteristics described below. One- to four-family residential – Commercial real estate – Construction and land – Multi-family residential – Commercial and industrial – Consumer Loans are individually evaluated for credit losses when they do not share similar risk characteristics with our identified loan pools under ASC 326. Generally, management considers loans for individual analysis when the outstanding balance is greater than $50,000 and when we have identified certain unique characteristics that impact the risk of credit loss. These characteristics include, but are not limited to, the creditworthiness of the borrower, the reliability of the primary source of repayment, the quality of the collateral, the size of the loan or relationship, and the industry of the borrower. The allowance for credit losses on individually evaluated, collateral-dependent loans is based on a comparison of the recorded investment in the loan with the fair value of the underlying collateral. Alternatively, we estimate credit losses on individual loans by comparing the loan’s recorded investment to the loan’s estimated fair value based on discounted cash flows or an observable market price. At adoption of ASC 326, management also evaluated its securities portfolio for credit losses. The types of securities in the Company’s portfolio have a long history of minimal credit risk and management does not expect or estimate any credit losses to occur over the life of these assts. In addition, management does not have the intent to sell any of the Company’s securities in an unrealized loss position and believes that it is more likely than not that the Company will not have to sell any such securities before recovery of cost. As a result, the Company has not recorded an allowance for credit losses for its held-to-maturity or available-for-sale securities. ASU No. 2022-02. ​ ​

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2023
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 3. EARNINGS PER SHARE Earnings per common share was computed based on the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (In thousands, except per share data) ​ 2023 2022 ​ 2023 2022 Numerator ​ ​ ​ ​ Net income available to common shareholders ​ $ 170 ​ $ 135 ​ $ 282 ​ $ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ ​ ​ Weighted average common shares outstanding ​ 4,901 ​ 5,290 ​ 5,033 ​ 5,290 Weighted average unallocated common stock held by benefit plans ​ ​ (588) ​ ​ (405) ​ ​ (597) ​ ​ (410) Weighted average shares - basic ​ ​ 4,313 ​ ​ 4,885 ​ ​ 4,436 ​ ​ 4,880 Effect of dilutive stock-based awards: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ ​ - ​ ​ - ​ ​ - ​ ​ - Restricted stock ​ ​ 11 ​ ​ - ​ ​ 6 ​ ​ - Weighted average shares - assuming dilution ​ ​ 4,324 ​ ​ 4,885 ​ ​ 4,442 ​ ​ 4,880 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share ​ $ 0.03 ​ $ 0.03 ​ $ 0.06 ​ $ 0.01 Diluted earnings per common share ​ ​ 0.03 ​ ​ 0.03 ​ ​ 0.06 ​ ​ 0.01 ​ Diluted earnings per share was computed using the treasury stock method. The weighted average of potentially dilutive common shares attributable to outstanding stock options that were anti-dilutive totaled 280,620 and 290,379 for the three and nine months ended September 30, 2023, respectively, and were excluded from the calculation of diluted earnings per share. There were no potentially dilutive common shares attributable to restricted stock that were anti-dilutive for the three months ended September 30, 2023. For the nine months ended September 30, 2023, the weighted average of potentially dilutive common shares attributable to restricted stock that were anti-dilutive totaled 39,779 and were excluded from the calculation of diluted earnings per share. During the three and nine months ended September 30, 2022, there were no convertible securities or other contracts to issue common stock outstanding that if converted or exercised would result in potential dilution of earnings per share.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2023
INVESTMENT SECURITIES
INVESTMENT SECURITIES	NOTE 4. INVESTMENT SECURITIES Investment securities have been classified according to management’s intent. The amortized cost of securities and their approximate fair values are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 (Dollars in thousands) ​ Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities available-for-sale ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 67,604 ​ $ - ​ $ (11,181) ​ $ 56,423 U.S. Government and agency obligations ​ 10,985 ​ - ​ (949) ​ 10,036 Municipal obligations ​ 6,014 ​ - ​ (665) ​ 5,349 Total available-for-sale ​ $ 84,603 ​ $ - ​ $ (12,795) ​ $ 71,808 Securities held-to-maturity ​ ​ ​ ​ U.S. Government and agency obligations ​ $ 13,004 ​ $ - ​ $ (2,846) ​ $ 10,158 Municipal obligations ​ 460 ​ - ​ (45) ​ 415 Total held-to-maturity ​ $ 13,464 ​ $ - ​ $ (2,891) ​ $ 10,573 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) ​ Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities available-for-sale ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 74,044 ​ $ 15 ​ $ (9,892) ​ $ 64,167 U.S. Government and agency obligations ​ 10,979 ​ - ​ (1,062) ​ 9,917 Municipal obligations ​ 6,065 ​ 4 ​ (551) ​ 5,518 Total available-for-sale ​ $ 91,088 ​ $ 19 ​ $ (11,505) ​ $ 79,602 Securities held-to-maturity ​ ​ ​ ​ U.S. Government and agency obligations ​ $ 13,006 ​ $ - ​ $ (2,718) ​ $ 10,288 Municipal obligations ​ 469 ​ - ​ (33) ​ 436 Total held-to-maturity ​ $ 13,475 ​ $ - ​ $ (2,751) ​ $ 10,724 ​ There were no securities transferred between classifications during the nine months ended September 30, 2023 or 2022. Accrued interest receivable on the Company’s investment securities totaled $243,000 and $257,000 at September 30, 2023 and December 31, 2022, respectively. Investment securities with a carrying amount of approximately $43.6 million and $20.4 million, respectively, were pledged to secure public deposits as required or permitted by law at September 30, 2023 and December 31, 2022. At September 30, 2023, investment securities with a carrying value of $1.0 million were pledged to the Federal Reserve Bank as collateral for borrowings. The following is a summary of maturities of securities available-for-sale and held-to-maturity at September 30, 2023 and December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Available-for-Sale ​ Held-to-Maturity (Dollars in thousands) ​ Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: ​ ​ ​ ​ One year or less ​ $ 1,000 ​ $ 993 ​ $ - ​ $ - After one through five years ​ 12,984 ​ 12,154 ​ 2,336 ​ 2,014 After five through ten years ​ 16,883 ​ 14,951 ​ 7,124 ​ 5,561 After ten years ​ 53,736 ​ 43,710 ​ 4,004 ​ 2,998 Total ​ $ 84,603 ​ $ 71,808 ​ $ 13,464 ​ $ 10,573 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Available-for-Sale ​ Held-to-Maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: ​ ​ ​ ​ One year or less ​ $ 1,000 ​ $ 962 ​ $ - ​ $ - After one through five years ​ 11,496 ​ 10,634 ​ 2,343 ​ 2,031 After five through ten years ​ 17,139 ​ 15,699 ​ 7,125 ​ 5,611 After ten years ​ 61,453 ​ 52,307 ​ 4,007 ​ 3,082 Total ​ $ 91,088 ​ $ 79,602 ​ $ 13,475 ​ $ 10,724 ​ Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments, or call options. The expected maturities may differ from contractual maturities because of the exercise of call options and potential paydowns. Accordingly, actual maturities may differ from contractual maturities. ​ ​ Information pertaining to securities with gross unrealized losses at September 30, 2023 and December 31, 2022 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Less than 12 Months ​ 12 Months or Greater ​ Total (Dollars in thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Securities available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 1,534 ​ $ (47) ​ $ 54,889 ​ $ (11,134) ​ $ 56,423 ​ $ (11,181) U.S. Government and agency obligations ​ - ​ - ​ 10,036 ​ (949) ​ 10,036 ​ (949) Municipal obligations ​ 1,597 ​ (45) ​ 3,752 ​ (620) ​ 5,349 ​ (665) Total available-for-sale ​ $ 3,131 ​ $ (92) ​ $ 68,677 ​ $ (12,703) ​ $ 71,808 ​ $ (12,795) Securities held-to-maturity ​ ​ ​ ​ ​ ​ U.S. Government and agency obligations ​ $ - ​ $ - ​ $ 10,158 ​ $ (2,846) ​ $ 10,158 ​ $ (2,846) Municipal obligations ​ - ​ - ​ 415 ​ (45) ​ 415 ​ (45) Total held-to-maturity ​ $ - ​ $ - ​ $ 10,573 ​ $ (2,891) ​ $ 10,573 ​ $ (2,891) Total ​ $ 3,131 ​ $ (92) ​ $ 79,250 ​ $ (15,594) ​ $ 82,381 ​ $ (15,686) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Less than 12 Months ​ 12 Months or Greater ​ Total (Dollars in thousands) Fair Value ​ Gross Unrealized Losses ​ Fair Value ​ Gross Unrealized Losses ​ Fair Value ​ Gross Unrealized Losses Securities available-for-sale ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 9,759 ​ $ (546) ​ $ 53,402 ​ $ (9,346) ​ $ 63,161 ​ $ (9,892) U.S. Government and agency obligations ​ - ​ - ​ 9,917 ​ (1,062) ​ 9,917 ​ (1,062) Municipal obligations ​ 602 ​ (16) ​ 3,885 ​ (535) ​ 4,487 ​ (551) Total available-for-sale ​ $ 10,361 ​ $ (562) ​ $ 67,204 ​ $ (10,943) ​ $ 77,565 ​ $ (11,505) Securities held-to-maturity ​ ​ ​ ​ ​ ​ U.S. Government and agency obligations ​ $ - ​ $ - ​ $ 10,288 ​ $ (2,718) ​ $ 10,288 ​ $ (2,718) Municipal obligations ​ 120 ​ (6) ​ 316 ​ (27) ​ 436 ​ (33) Total held-to-maturity ​ $ 120 ​ $ (6) ​ $ 10,604 ​ $ (2,745) ​ $ 10,724 ​ $ (2,751) Total ​ $ 10,481 ​ $ (568) ​ $ 77,808 ​ $ (13,688) ​ $ 88,289 ​ $ (14,256) ​ At September 30, 2023 and December 31, 2022, the Company held 98 and 96 securities, respectively, with an unrealized loss. The securities with unrealized losses consisted of government-sponsored mortgage-backed securities and debt obligations guaranteed by federal, state and local government entities. These unrealized losses relate principally to noncredit related factors, including changes in current interest rates for similar types of securities. Based on management’s evaluation of the securities portfolio, the Company has not established an allowance for credit losses for its available-for-sale or held-to-maturity securities at September 30, 2023. ​ Under ASC 326, management evaluates available-for-sale securities in unrealized loss positions to determine if the decline in the fair value of each security below its amortized cost basis is due to credit-related factors or noncredit-related factors. Consideration is given to the extent to which that fair value is less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of the Company to retain its investment in the issuer for a period sufficient to allow for any anticipated recovery in fair value. At September 30, 2023, management does not have the intent to sell any of the Company’s securities in an unrealized loss position and believes that it is more likely than not that the Company will not have to sell any such securities before recovery of cost. Prior to the adoption of ASC 326, management evaluated securities for other-than-temporary impairment and, as of December 31, 2022, no declines in fair value were deemed to be other-than temporary. See Note 2

LOANS RECEIVABLE

LOANS RECEIVABLE	9 Months Ended
	Sep. 30, 2023
LOANS RECEIVABLE
LOANS RECEIVABLE	NOTE 5. LOANS RECEIVABLE Loans receivable at September 30, 2023 and December 31, 2022 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (Dollars in thousands) ​ 2023 ​ 2022 Real estate loans ​ ​ One- to four-family residential ​ $ 83,973 ​ $ 87,508 Commercial real estate ​ 19,113 ​ 19,437 Construction and land ​ 6,622 ​ 6,172 Multi-family residential ​ 3,424 ​ 3,200 Total real estate loans ​ ​ 113,132 ​ ​ 116,317 Other loans ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 19,634 ​ ​ 13,843 Consumer ​ 2,906 ​ 3,447 Total other loans ​ ​ 22,540 ​ ​ 17,290 Total loans ​ ​ 135,672 ​ ​ 133,607 Less: Allowance for loan losses ​ ​ (2,036) ​ ​ (1,807) Net loans ​ $ 133,636 ​ $ 131,800 ​ At September 30, 2023 and December 31, 2022, real estate loans totaling $77.9 million and $64.1 million, respectively, were pledged as collateral to the Federal Home Loan Bank for borrowings under a blanket lien agreement. Refer to Note 7 ​ Accrued interest receivable on the Company’s loans totaled $562,000 and $411,000 at September 30, 2023 and December 31, 2022, respectively. Accrued interest receivable is excluded from the Company’s estimate of the allowance for credit losses. ​ The following tables outline the changes in the allowance for loan losses for the nine months ended September 30, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended September 30, 2023 (Dollars in thousands) Beginning Balance ​ ASC 326 Adoption Impact (1) ​ Provision (Reversal) Charge-offs Recoveries Ending Balance Allowance for credit losses ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 1,224 ​ $ 158 ​ $ (299) ​ $ - ​ $ 98 ​ $ 1,181 Commercial real estate ​ 248 ​ (53) ​ (5) ​ - ​ - ​ 190 Construction and land ​ 74 ​ 40 ​ 48 ​ - ​ - ​ 162 Multi-family residential ​ 40 ​ 5 ​ (2) ​ - ​ - ​ 43 Commercial and industrial ​ 175 ​ 51 ​ 73 ​ - ​ 1 ​ 300 Consumer ​ 46 ​ 8 ​ 2 ​ (26) ​ 11 ​ 41 Unallocated ​ ​ - ​ ​ - ​ ​ 119 ​ ​ - ​ ​ - ​ ​ 119 Total for loans ​ $ 1,807 ​ $ 209 ​ $ (64) ​ $ (26) ​ $ 110 ​ $ 2,036 Unfunded lending commitments (2) ​ ​ - ​ ​ 216 ​ ​ 64 ​ ​ - ​ ​ - ​ ​ 280 Total ​ $ 1,807 ​ $ 425 ​ $ - ​ $ (26) ​ $ 110 ​ $ 2,316 (1) Refer to Note 2 for more information on the adoption of ASC 326. (2) The allowance for credit losses on unfunded lending commitments is recorded within “other liabilities” on the statement of financial condition. The related provision for credit losses for unfunded lending commitments is recorded with the provision for loan losses and reported in aggregate as the provision for credit losses on the income statement. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended September 30, 2022 (Dollars in thousands) ​ ​ ​ Beginning Balance Provision (Reversal) ​ Charge-offs Recoveries Ending Balance Allowance for loan losses ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 1,573 ​ $ (232) ​ $ (154) ​ $ 70 ​ $ 1,257 Commercial real estate ​ 370 ​ (101) ​ - ​ - ​ 269 Construction and land ​ 55 ​ (10) ​ - ​ - ​ 45 Multi-family residential ​ 73 ​ (33) ​ - ​ - ​ 40 Commercial and industrial ​ 137 ​ 4 ​ (21) ​ 19 ​ 139 Consumer ​ 68 ​ (3) ​ (16) ​ 5 ​ 54 Total ​ $ 2,276 ​ $ (375) ​ $ (191) ​ $ 94 ​ $ 1,804 ​ ​ The following tables outline the allowance for loan losses and the balance of loans by method of loss evaluation at September 30, 2023 and December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 December 31, 2022 (Dollars in thousands) ​ Individually Evaluated ​ Collectively Evaluated ​ Total ​ Individually Evaluated ​ Collectively Evaluated ​ Total Allowance for loan losses ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 127 ​ $ 1,054 ​ $ 1,181 ​ $ 216 ​ $ 1,008 ​ $ 1,224 Commercial real estate ​ ​ - ​ 190 ​ 190 ​ - ​ 248 ​ 248 Construction and land ​ ​ 49 ​ 113 ​ 162 ​ - ​ 74 ​ 74 Multi-family residential ​ ​ - ​ 43 ​ 43 ​ - ​ 40 ​ 40 Commercial and industrial ​ ​ - ​ 300 ​ 300 ​ - ​ 175 ​ 175 Consumer ​ ​ - ​ 41 ​ 41 ​ - ​ 46 ​ 46 Unallocated ​ ​ - ​ 119 ​ 119 ​ - ​ - ​ - Total ​ $ 176 ​ $ 1,860 ​ $ 2,036 ​ $ 216 ​ $ 1,591 ​ $ 1,807 Loans ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 957 ​ $ 83,016 ​ $ 83,973 ​ $ 2,712 ​ $ 84,796 ​ $ 87,508 Commercial real estate ​ 50 ​ 19,063 ​ 19,113 ​ 51 ​ ​ 19,386 ​ 19,437 Construction and land ​ 135 ​ 6,487 ​ 6,622 ​ 33 ​ 6,139 ​ 6,172 Multi-family residential ​ - ​ 3,424 ​ 3,424 ​ - ​ 3,200 ​ 3,200 Commercial and industrial ​ - ​ 19,634 ​ 19,634 ​ - ​ 13,843 ​ 13,843 Consumer ​ - ​ ​ 2,906 ​ 2,906 ​ - ​ 3,447 ​ 3,447 Total ​ $ 1,142 ​ $ 134,530 ​ $ 135,672 ​ $ 2,796 ​ $ 130,811 ​ $ 133,607 ​ At September 30, 2023 all loans individually evaluated for credit losses, totaling $1.1 million, were considered collateral-dependent financial assets under ASC 326. Loans are considered collateral-dependent and individually evaluated when, based on management’s assessment as of the reporting date, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. Collateral-dependent loans primarily consist of residential real estate loans secured by one- to four-family residential properties located in our market. ​ A summary of current, past due and nonaccrual loans as of September 30, 2023 and December 31, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2023 (Dollars in thousands) ​ Past Due 30-89 Days and Accruing Past Due Over 90 Days and Accruing Past Due Over 30 Days and Non-accruing Total Past Due Current and Accruing Current and Non-accruing Total Loans One- to four-family residential ​ $ 1,473 ​ $ 127 ​ $ 1,038 ​ $ 2,638 ​ $ 80,505 ​ $ 830 ​ $ 83,973 Commercial real estate ​ 110 ​ - ​ 50 ​ 160 ​ 18,953 ​ - ​ 19,113 Construction and land ​ - ​ - ​ - ​ - ​ 6,579 ​ 43 ​ 6,622 Multi-family residential ​ - ​ - ​ - ​ - ​ 3,424 ​ - ​ 3,424 Commercial and industrial ​ 113 ​ - ​ - ​ 113 ​ 19,521 ​ - ​ 19,634 Consumer ​ 14 ​ - ​ - ​ 14 ​ 2,892 ​ - ​ 2,906 Total ​ $ 1,710 ​ $ 127 ​ $ 1,088 ​ $ 2,925 ​ $ 131,874 ​ $ 873 ​ $ 135,672 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2022 (Dollars in thousands) Past Due 30-89 Days and Accruing Past Due Over 90 Days and Accruing Past Due Over 30 Days and Non-accruing Total Past Due Current and Accruing Current and Non-accruing Total Loans One- to four-family residential ​ $ 2,077 ​ $ 191 ​ $ 716 ​ $ 2,984 ​ $ 83,848 ​ $ 676 ​ $ 87,508 Commercial real estate ​ 166 ​ - ​ 51 ​ 217 ​ 19,220 ​ - ​ 19,437 Construction and land ​ 156 ​ - ​ 18 ​ 174 ​ 5,965 ​ 33 ​ 6,172 Multi-family residential ​ - ​ - ​ - ​ - ​ 3,200 ​ - ​ 3,200 Commercial and industrial ​ - ​ - ​ - ​ - ​ 13,843 ​ - ​ 13,843 Consumer ​ 6 ​ - ​ - ​ 6 ​ 3,441 ​ - ​ 3,447 Total ​ $ 2,405 ​ $ 191 ​ $ 785 ​ $ 3,381 ​ $ 129,517 ​ $ 709 ​ $ 133,607 ​ ​ A summary of total nonaccrual loans as of September 30, 2023 and December 31, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ September 30, 2023 ​ 2022 (Dollars in thousands) ​ With Allowance for Credit Loss ​ Without Allowance for Credit Loss ​ Total ​ Total Nonaccrual loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 1,673 ​ $ 195 ​ $ 1,868 ​ $ 1,392 Commercial real estate ​ ​ - ​ ​ 50 ​ ​ 50 ​ ​ 51 Construction and land ​ ​ 43 ​ ​ - ​ ​ 43 ​ ​ 51 Multi-family residential ​ ​ - ​ ​ - ​ ​ - ​ ​ - Commercial and industrial ​ ​ - ​ ​ - ​ ​ - ​ ​ - Consumer ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 1,716 ​ $ 245 ​ $ 1,961 ​ $ 1,494 ​ The Company was not committed to lend any additional funds on nonaccrual loans at September 30, 2023 or December 31, 2022. The Company does not recognize interest income while loans are on nonaccrual status. All payments received while on nonaccrual status are applied against the principal balance of nonaccrual loans. At September 30, 2023, loans secured by residential and commercial real estate for which formal foreclosure proceedings were in process totaled $476,000 and $50,000, respectively. At December 31, 2022, loans secured by residential and commercial real estate for which formal foreclosure proceedings were in process totaled $331,000 and $50,000, respectively. During the nine months ended September 30, 2023 and the year ended December 31, 2022, the Company did not grant any loan modifications to borrowers experiencing financial difficulty. ​ Information on impaired loans as of December 31, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) ​ Recorded Investment Without an Allowance ​ Recorded Investment With an Allowance ​ Unpaid Principal ​ Related Allowance One- to four-family residential ​ $ 1,843 ​ $ 869 ​ $ 3,149 ​ $ 216 Commercial real estate ​ 51 ​ - ​ 52 ​ - Construction and land ​ 33 ​ - ​ 42 ​ - Multi-family residential ​ - ​ - ​ - ​ - Commercial and industrial ​ - ​ - ​ - ​ - Consumer ​ - ​ - ​ - ​ - Total ​ $ 1,927 ​ $ 869 ​ $ 3,243 ​ $ 216 ​ The table below presents the average balances and interest income for impaired loans for the three and nine months ended September 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, 2022 ​ September 30, 2022 (Dollars in thousands) ​ Average Recorded Investment ​ Interest Income Recognized ​ Average Recorded Investment ​ Interest Income Recognized One- to four-family residential ​ $ 2,655 ​ $ 16 ​ $ 2,718 ​ $ 49 Commercial real estate ​ 50 ​ - ​ 51 ​ - Construction and land ​ 34 ​ - ​ 35 ​ - Multi-family residential ​ - ​ - ​ - ​ - Commercial and industrial ​ - ​ - ​ - ​ - Consumer ​ 12 ​ - ​ 13 ​ - Total ​ $ 2,751 ​ $ 16 ​ $ 2,817 ​ $ 49 ​ ​ Loans are categorized by credit quality indicators based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. Credit quality classifications follow regulatory guidelines and can generally be described as follows: Pass Special Mention Substandard Doubtful Loss The information for each of the credit quality indicators is updated at least quarterly in conjunction with the determination of the adequacy of the allowance for credit losses. ​ The following table presents the Company’s loan portfolio by credit quality classification and origination year as of September 30, 2023. The Company uses the latter of origination or renewal date to classify term loans into vintages. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Line-of-credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Arrangements ​ ​ ​ ​ ​ Term Loans by Origination Year ​ Line-of-credit ​ Converted to ​ ​ ​ (Dollars in thousands) ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Arrangements ​ Term Loans ​ Total One- to four-family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 1,695 ​ $ 11,175 ​ $ 3,308 ​ $ 2,994 ​ $ 3,230 ​ $ 55,100 ​ $ 1,603 ​ $ 2,031 ​ $ 81,136 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ 24 ​ ​ - ​ ​ 12 ​ ​ 126 ​ ​ 13 ​ ​ 2,662 ​ ​ - ​ ​ - ​ ​ 2,837 Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 1,719 ​ $ 11,175 ​ $ 3,320 ​ $ 3,120 ​ $ 3,243 ​ $ 57,762 ​ $ 1,603 ​ $ 2,031 ​ $ 83,973 Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 1,790 ​ $ 2,067 ​ $ 2,049 ​ $ 4,396 ​ $ 3,470 ​ $ 4,445 ​ $ 33 ​ $ 355 ​ $ 18,605 Special Mention ​ ​ - ​ ​ 110 ​ ​ 106 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 216 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 292 ​ ​ - ​ ​ - ​ ​ 292 Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 1,790 ​ $ 2,177 ​ $ 2,155 ​ $ 4,396 ​ $ 3,470 ​ $ 4,737 ​ $ 33 ​ $ 355 ​ $ 19,113 Construction and land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 57 ​ $ 188 ​ $ 57 ​ $ 70 ​ $ 46 ​ $ 498 ​ $ 5,528 ​ $ - ​ $ 6,444 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ - ​ ​ 135 ​ ​ - ​ ​ 14 ​ ​ - ​ ​ 29 ​ ​ - ​ ​ - ​ ​ 178 Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 57 ​ $ 323 ​ $ 57 ​ $ 84 ​ $ 46 ​ $ 527 ​ $ 5,528 ​ $ - ​ $ 6,622 Multi-family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 382 ​ $ - ​ $ 470 ​ $ - ​ $ 282 ​ $ 2,290 ​ $ - ​ $ - ​ $ 3,424 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 382 ​ $ - ​ $ 470 ​ $ - ​ $ 282 ​ $ 2,290 ​ $ - ​ $ - ​ $ 3,424 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 5,989 ​ $ 2,490 ​ $ 853 ​ $ 326 ​ $ 303 ​ $ 70 ​ $ 9,603 ​ $ - ​ $ 19,634 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 5,989 ​ $ 2,490 ​ $ 853 ​ $ 326 ​ $ 303 ​ $ 70 ​ $ 9,603 ​ $ - ​ $ 19,634 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 914 ​ $ 559 ​ $ 700 ​ $ 311 ​ $ 199 ​ $ 223 ​ $ - ​ $ - ​ $ 2,906 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 914 ​ $ 559 ​ $ 700 ​ $ 311 ​ $ 199 ​ $ 223 ​ $ - ​ $ - ​ $ 2,906 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 10,827 ​ $ 16,479 ​ $ 7,437 ​ $ 8,097 ​ $ 7,530 ​ $ 62,626 ​ $ 16,767 ​ $ 2,386 ​ $ 132,149 Special Mention ​ ​ - ​ ​ 110 ​ ​ 106 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 216 Substandard ​ ​ 24 ​ ​ 135 ​ ​ 12 ​ ​ 140 ​ ​ 13 ​ ​ 2,983 ​ ​ - ​ ​ - ​ ​ 3,307 Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 10,851 ​ $ 16,724 ​ $ 7,555 ​ $ 8,237 ​ $ 7,543 ​ $ 65,609 ​ $ 16,767 ​ $ 2,386 ​ $ 135,672 ​ ​ The following table presents gross charge-offs and recoveries for the nine months ended September 30, 2023 by origination year of the related loans. The Company uses the latter of origination or renewal date to classify loans into vintages. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan Origination Year ​ ​ ​ (Dollars in thousands) ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total Charge-offs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - Commercial real estate ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Construction and land ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Multi-family residential ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Commercial and industrial ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Consumer ​ ​ 4 ​ ​ 5 ​ ​ 9 ​ ​ 1 ​ ​ 2 ​ ​ 5 ​ ​ 26 Total ​ $ 4 ​ $ 5 ​ $ 9 ​ $ 1 ​ $ 2 ​ $ 5 ​ $ 26 Recoveries ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 98 ​ $ 98 Commercial real estate ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Construction and land ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Multi-family residential ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Commercial and industrial ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 1 ​ ​ 1 Consumer ​ ​ - ​ ​ - ​ ​ 2 ​ ​ 1 ​ ​ - ​ ​ 8 ​ ​ 11 Total ​ $ - ​ $ - ​ $ 2 ​ $ 1 ​ $ - ​ $ 107 ​ $ 110 ​ ​ The following table presents the Company’s loan portfolio by credit quality classification as of December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) Pass Special Mention Substandard Doubtful Total One- to four-family residential ​ $ 84,219 ​ $ 171 ​ $ 3,118 ​ $ - ​ $ 87,508 Commercial real estate ​ 19,334 ​ - ​ 103 ​ - ​ 19,437 Construction and land ​ 5,822 ​ 291 ​ 59 ​ - ​ 6,172 Multi-family residential ​ 3,200 ​ - ​ - ​ - ​ 3,200 Commercial and industrial ​ 13,843 ​ - ​ - ​ - ​ 13,843 Consumer ​ 3,447 ​ - ​ - ​ - ​ 3,447 Total ​ $ 129,865 ​ $ 462 ​ $ 3,280 ​ $ - ​ $ 133,607 ​

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2023
DEPOSITS.
DEPOSITS	NOTE 6. DEPOSITS Deposits at September 30, 2023 and December 31, 2022 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ December 31, 2022 (Dollars in thousands) ​ Amount Percent ​ Amount Percent Non-interest-bearing demand deposits ​ $ 33,222 20.1 % ​ $ 33,657 20.4 % Interest-bearing demand deposits ​ 38,881 23.5 ​ ​ 36,991 22.4 ​ Money market ​ 15,473 9.4 ​ ​ 15,734 9.5 ​ Savings ​ 27,237 16.5 ​ ​ 26,209 15.9 ​ Certificates of deposit ​ 50,407 30.5 ​ ​ 52,503 31.8 ​ Total deposits ​ $ 165,220 100.0 % ​ $ 165,094 100.0 % ​ The estimated amount of our total uninsured deposits (that is, deposits in excess of the FDIC’s insurance limit) was $45.2 million and $43.4 million, respectively, at September 30, 2023 and December 31, 2022. ​ Certificates of deposit and other time deposits issued in denominations that exceed FDIC insurance limit of $250,000 or more totaled $7.7 million and $8.9 million at September 30, 2023 and December 31, 2022, respectively, and are included in interest-bearing deposits in the statements of financial condition. At September 30, 2023 scheduled maturities of certificates of deposits were as follows: ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amount 2023 ​ $ 10,527 2024 ​ 34,662 2025 ​ 3,616 2026 ​ 1,002 2027 ​ 451 2028 ​ 149 Total ​ $ 50,407 ​

BORROWED FUNDS

BORROWED FUNDS	9 Months Ended
	Sep. 30, 2023
BORROWED FUNDS
BORROWED FUNDS	NOTE 7. BORROWED FUNDS Borrowed funds at September 30, 2023 and December 31, 2022 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ December 31, 2022 (Dollars in thousands) Rate Amount Rate Amount Advances from Federal Home Loan Bank 0.65 % ​ $ 3,000 0.65 % ​ $ 3,000 ​ 0.96 ​ ​ 3,000 0.96 ​ ​ 3,000 ​ 1.12 ​ ​ 4,000 1.12 ​ ​ 4,000 ​ ​ ​ ​ ​ 10,000 ​ ​ ​ ​ 10,000 Debt modification discount ​ ​ ​ ​ (667) ​ ​ ​ ​ (802) ​ ​ ​ ​ ​ $ 9,333 ​ ​ ​ ​ $ 9,198 ​ Interest payments on outstanding borrowings are due monthly, and maturities are as follows: ​ ​ ​ ​ ​ (Dollars in thousands) Amount Amounts maturing in: ​ ​ ​ 2024 ​ $ - 2025 ​ ​ 3,000 2026 ​ ​ - 2027 ​ 3,000 2028 ​ 4,000 Total ​ $ 10,000 ​ ​ At September 30, 2023 and December 31, 2022, the Company had $48.0 million and $34.2 million, respectively, in available borrowing capacity with the Federal Home Loan Bank (“FHLB”). Borrowings from the FHLB are secured though a blanket floating lien on real estate loans. At September 30, 2023 and December 31, 2022, loans totaling $77.9 million and $64.1 million, respectively, were pledged to the FHLB under the blanket lien. Other available funding sources include an Unsecured Federal Funds Master Purchase Agreement with First National Bankers Bank for $17.8 million and borrowings from the Federal Reserve Bank’s discount window and Bank Term Funding Program. At September 30, 2023 and December 31, 2022, these credit facilities were unused. At September 30, 2023, investment securities with a carrying value of $1.0 million were pledged to the Federal Reserve Bank as collateral for borrowings and investment securities with a total carrying value of $30.3 million were available for pledging to the Federal Reserve Bank. In aggregate, the par value of securities pledged and available for pledging to the Federal Reserve Bank totaled $35.7 million at September 30, 2023.

CAPITAL AND REGULATORY MATTERS

CAPITAL AND REGULATORY MATTERS	9 Months Ended
	Sep. 30, 2023
CAPITAL AND REGULATORY MATTERS
CAPITAL AND REGULATORY MATTERS	NOTE 8. CAPITAL AND REGULATORY MATTERS The Bank is subject to various regulatory capital requirements administered by its primary federal regulator, the Office of the Comptroller of the Currency (“OCC”). Failure to meet minimum regulatory capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the financial statements of the Company and the Bank. Under the regulatory capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification under the prompt corrective action guidelines are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total risk-based capital, Tier 1 Capital to risk-weighted assets, and Tier 1 Capital to adjusted total assets. As of September 30, 2023 and December 31, 2022, the Bank met all of the capital adequacy requirements to which it is subject. At September 30, 2023 and December 31, 2022, the Bank was categorized as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since the most recent notification that management believes have changed the Bank’s prompt corrective action category. The following table presents actual and required capital ratios for the Bank. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actual ​ To be Well Capitalized under the Prompt Corrective Action Provision (Dollars in thousands) Amount Ratio ​ Amount Ratio As of September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 78,925 ​ 54.97 % ​ $ 9,332 ​ >6.5 % Tier 1 Risk-Based Capital ​ 78,925 ​ 54.97 ​ ​ 11,486 ​ >8.0 ​ Total Risk-Based Capital ​ 80,726 ​ 56.23 ​ ​ 14,357 ​ >10.0 ​ Tier 1 Leverage Capital ​ 78,925 ​ 31.08 ​ ​ 12,697 ​ >5.0 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2022 ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 78,527 ​ 56.17 % ​ $ 9,087 ​ >6.5 % Tier 1 Risk-Based Capital ​ 78,527 ​ 56.17 ​ ​ 11,184 ​ >8.0 ​ Total Risk-Based Capital ​ 80,275 ​ 57.42 ​ ​ 13,980 ​ >10.0 ​ Tier 1 Leverage Capital ​ 78,527 ​ 30.37 ​ ​ 12,929 ​ >5.0 ​ ​ ​ Share Repurchase Plans In January 2023, the Company’s Board of Directors approved the Company’s first share repurchase plan (the “January 2023 Repurchase Plan”), which allowed the Company to purchase 265,000 shares, or approximately 5% of the Company’s outstanding common stock. The January 2023 Repurchase Plan was completed in April 2023. In April 2023, the Company announced its second share repurchase plan (the “April 2023 Repurchase Plan”). Under the April 2023 Repurchase Plan, the Company may purchase up to 252,000 shares, or approximately 5% of the Company’s outstanding shares of common stock. During the three months ended September 30, 2023, the Company repurchased 81,252 shares of its common stock at an average cost per share of $12.33. During the nine months ended September 30, 2023, the Company repurchased 441,710 shares of its common stock at an average cost per share of $12.08. At September 30, 2023, 75,290 shares were available for repurchase under the April 2023 Repurchase Plan.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2023
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 9. FAIR VALUE MEASUREMENTS In accordance with fair value guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 — Valuation is based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 1 assets and liabilities generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 — Valuation is based on inputs other than quoted prices included with Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term for the asset or liability. Level 3 — Valuation is based on unobservable income inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. ​ Fair values of assets and liabilities measured on a recurring basis at September 30, 2023 and December 31, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at Reporting Date Using (Dollars in thousands) Fair Value Level 1 Level 2 Level 3 September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ $ 71,808 ​ $ - ​ $ 71,808 ​ $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ $ 79,602 ​ $ - ​ $ 79,602 ​ $ - ​ Fair values of assets and liabilities measured on a nonrecurring basis at September 30, 2023 and December 31, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at Reporting Date Using (Dollars in thousands) Fair Value Level 1 Level 2 Level 3 September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for credit losses ​ $ 457 ​ $ - ​ $ - ​ $ 457 Foreclosed assets ​ ​ 37 ​ - ​ - ​ 37 Total ​ $ 494 ​ $ - ​ $ - ​ $ 494 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for credit losses ​ $ 898 ​ $ - ​ $ - ​ $ 898 Foreclosed assets ​ ​ 320 ​ ​ - ​ ​ - ​ ​ 320 Total ​ $ 1,218 ​ $ - ​ $ - ​ $ 1,218 ​ At September 30, 2023 and December 31, 2022, individually evaluated loans with a recorded investment of $633,000 and $1.1 million, respectively, have been written down to their fair value by a charge to the allowance for loan losses. Foreclosed assets are written down to fair value by a charge to earnings through foreclosed asset expense. During the three and nine months ended September 30, 2023, the Company incurred a total loss on the sale of foreclosed assets of $62,000. During the three and nine months ended September 30, 2022, no impairment losses on foreclosed assets were recognized. The fair value of loans individually evaluated and foreclosed assets is estimated using third-party appraisals of the collateral or asset held less estimated costs to sell and discounts to reflect current conditions.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 10. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows the guidance of FASB ASC 825, Financial Instruments, and FASB ASC 820, Fair Value Measurement. This guidance permits entities to measure many financial instruments and certain other items at fair value. No assets have been elected to be reported at fair value. The objective is to improve financial reporting by providing the Company with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. This guidance clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or to transfer a liability in an orderly transaction between market participants. Under this guidance, fair value measurements are not adjusted for transaction costs. This guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quotes priced in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accounting Standards Codification 825-10, Recognition and Measurement of Financial Assets and Financial Liabilities, ​ The following methods and assumptions were used to estimate the fair value of each class of financial instruments of which it is practicable to estimate that value: Cash and cash equivalents Investment securities Loans receivable, net Bank-owned life insurance Non-maturity deposit liabilities Certificates of deposit Federal Home Loan Bank borrowings Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. ​ Fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business or the value of assets and liabilities that are not considered financial instruments. The estimated fair values of the Company’s financial instruments as of September 30, 2023 and December 31, 2022 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 (Dollars in thousands) Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 13,266 ​ $ 13,266 ​ $ 13,266 $ - $ - Investment securities: ​ ​ ​ Available-for-sale ​ 71,808 ​ 71,808 ​ - 71,808 - Held-to-maturity ​ 13,464 ​ 10,573 ​ - 10,573 - Loans receivable, net ​ 133,636 ​ 122,993 ​ - - 122,993 Bank-owned life insurance ​ ​ 13,917 ​ ​ 13,917 ​ ​ - ​ ​ 13,917 ​ ​ - Financial Liabilities: ​ ​ ​ Deposits ​ 165,220 ​ 164,081 ​ - 164,081 - Borrowed funds ​ 9,333 ​ 8,489 ​ - 8,489 - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial Assets: ​ ​ ​ Cash and cash equivalents ​ $ 13,472 ​ $ 13,472 ​ $ 13,472 $ - $ - Investment securities: ​ ​ ​ Available-for-sale ​ 79,602 ​ 79,602 ​ - 79,602 - Held-to-maturity ​ 13,475 ​ 10,724 ​ - 10,724 - Loans receivable, net ​ 131,800 ​ 121,208 ​ - - 121,208 Bank-owned life insurance ​ ​ 13,617 ​ ​ 13,617 ​ ​ - ​ ​ 13,617 ​ ​ - Financial Liabilities: ​ ​ ​ Deposits ​ 165,094 ​ 163,797 ​ - 163,797 - Borrowed funds ​ 9,198 ​ 8,484 ​ - 8,484 - ​ ​ The carrying amounts in the preceding table are included in the statement of financial condition under the applicable captions. It is not practical to estimate the fair value of stock in correspondent banks because the equity securities are not marketable. The carrying amount of investments without readily determinable fair value are reported in the statements of financial condition at historical cost.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
COMMITMENTS AND CONTINGENCIES.
COMMITMENTS AND CONTINGENCIES	NOTE 11. COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company has various outstanding commitments and contingent liabilities that are not reflected in the accompanying financial statements. In the opinion of management, the ultimate disposition of these matters is not expected to have a material adverse effect on our financial statements. The Company is not involved in any pending legal proceedings as a plaintiff or defendant other than routine legal proceedings occurring in the ordinary course of business, and at September 30, 2023, we were not involved in any legal proceedings, the outcome of which would be material to our financial condition or results of operations. The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments consist of unfunded commitments to extend credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amounts recognized in the statement of financial position. The contract or notional amounts of these instruments reflect the extent of the Company’s involvement in particular classes of instruments. ​ On January 1, 2023 and at adoption of ASC 326, the Company recorded an allowance for credit losses on unfunded lending commitments of $216,000. Refer to Note 2

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2023
RECENT ACCOUNTING PRONOUNCEMENTS
Recent Accounting Pronouncements	Accounting Standards Adopted in 2023 ASU No. 2016-13. ​ In addition, ASC 326 requires expected credit related losses for available-for-sale debt securities to be recorded through an allowance for credit losses, while non-credit related losses will continue to be recognized through other comprehensive income. Under former GAAP, we assessed our investment securities for other-than-temporary impairment and any declines in fair value that were deemed other-than-temporary resulted in a direct write-down to the amortized cost basis of the related security. The allowance approach allows estimated expected credit losses to be adjusted from period-to-period, as opposed to a permanent write-down. ​ The Company applied the guidance under ASC 326 using the modified retrospective approach which resulted in an adjustment to beginning retained earnings for 2023. The information for reporting periods beginning on and after January 1, 2023 are presented under ASC 326, while prior periods continue to be reported in accordance with previously applicable GAAP. The following table illustrates the impact of ASC Topic 326. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ASC 326 Adoption ​ January 1, (Dollars in thousands) ​ 2022 ​ Impact ​ 2023 Allowance for credit losses ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 1,224 ​ $ 158 ​ $ 1,382 Commercial real estate ​ ​ 248 ​ ​ (53) ​ ​ 195 Construction and land ​ ​ 74 ​ ​ 40 ​ ​ 114 Multi-family residential ​ ​ 40 ​ ​ 5 ​ ​ 45 Commercial and industrial ​ ​ 175 ​ ​ 51 ​ ​ 226 Consumer ​ ​ 46 ​ ​ 8 ​ ​ 54 Total allowance for loan losses ​ $ 1,807 ​ $ 209 ​ $ 2,016 Unfunded lending commitments (1) ​ ​ - ​ ​ 216 ​ ​ 216 Total allowance for credit losses ​ $ 1,807 ​ $ 425 ​ $ 2,232 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained Earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ Total increase in the allowance for credit losses ​ ​ ​ ​ $ 425 ​ ​ ​ Tax effect ​ ​ ​ ​ ​ (90) ​ ​ ​ Decrease to retained earnings, net of tax effect ​ ​ ​ ​ $ 335 ​ ​ ​ (1) The allowance for credit losses on unfunded lending commitments is recorded within “other liabilities” on the statement of financial condition. The related provision for credit losses for unfunded lending commitments is recorded with the provision for loan losses and reported in aggregate as the provision for credit losses on the income statement. ​ Under ASC 326, the Company groups loans and unfunded lending commitments with similar risk characteristics into pools or segments and collectively evaluates each pool to estimate the allowance for credit losses. For each loan pool, the Company uses the remaining life method to calculate its credit loss estimate under CECL. The remaining life method applies an estimated average loss rate to the expected future outstanding balances of the relevant pool of loans. The estimated average loss rate is based on historical charge-off rates and the future balances or the remaining life of each pool is based on recent trends in the rate at which existing loans have paid-off or paid-down. We attempt to forecast the average loss rate for each pool over the first two years of the estimated remaining life, then revert to the long-term average after the forecast period. For each pool of loans, management also evaluates and applies qualitative adjustments to the calculated allowance for credit losses based on several factors, including, but not limited to, changes in current and expected future economic conditions, changes in industry experience and loan concentrations, changes in credit quality, changes in lending policies and personnel and changes in the competitive and regulatory environment of the banking industry. The ultimate loss rates computed for each loan pool (a product of our quantitative calculation and qualitative adjustments) are used to estimate the allowance for credit losses on unfunded lending commitments. The pooled loan loss rates are applied to the portion of the unfunded lending commitments that management expects to fund in the future. These unfunded commitments are segmented into pools consistent with our grouping of outstanding loans and include available portions of lines of credit, undisbursed portions of construction loans and commitments to originate new loans. The Company has identified the following portfolio segments based on the risk characteristics described below. One- to four-family residential – Commercial real estate – Construction and land – Multi-family residential – Commercial and industrial – Consumer Loans are individually evaluated for credit losses when they do not share similar risk characteristics with our identified loan pools under ASC 326. Generally, management considers loans for individual analysis when the outstanding balance is greater than $50,000 and when we have identified certain unique characteristics that impact the risk of credit loss. These characteristics include, but are not limited to, the creditworthiness of the borrower, the reliability of the primary source of repayment, the quality of the collateral, the size of the loan or relationship, and the industry of the borrower. The allowance for credit losses on individually evaluated, collateral-dependent loans is based on a comparison of the recorded investment in the loan with the fair value of the underlying collateral. Alternatively, we estimate credit losses on individual loans by comparing the loan’s recorded investment to the loan’s estimated fair value based on discounted cash flows or an observable market price. At adoption of ASC 326, management also evaluated its securities portfolio for credit losses. The types of securities in the Company’s portfolio have a long history of minimal credit risk and management does not expect or estimate any credit losses to occur over the life of these assts. In addition, management does not have the intent to sell any of the Company’s securities in an unrealized loss position and believes that it is more likely than not that the Company will not have to sell any such securities before recovery of cost. As a result, the Company has not recorded an allowance for credit losses for its held-to-maturity or available-for-sale securities. ASU No. 2022-02.

RECENT ACCOUNTING PRONOUNCEME_3

RECENT ACCOUNTING PRONOUNCEMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Standards Update 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Schedule of impact of ASC topic 326	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ASC 326 Adoption ​ January 1, (Dollars in thousands) ​ 2022 ​ Impact ​ 2023 Allowance for credit losses ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 1,224 ​ $ 158 ​ $ 1,382 Commercial real estate ​ ​ 248 ​ ​ (53) ​ ​ 195 Construction and land ​ ​ 74 ​ ​ 40 ​ ​ 114 Multi-family residential ​ ​ 40 ​ ​ 5 ​ ​ 45 Commercial and industrial ​ ​ 175 ​ ​ 51 ​ ​ 226 Consumer ​ ​ 46 ​ ​ 8 ​ ​ 54 Total allowance for loan losses ​ $ 1,807 ​ $ 209 ​ $ 2,016 Unfunded lending commitments (1) ​ ​ - ​ ​ 216 ​ ​ 216 Total allowance for credit losses ​ $ 1,807 ​ $ 425 ​ $ 2,232 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained Earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ Total increase in the allowance for credit losses ​ ​ ​ ​ $ 425 ​ ​ ​ Tax effect ​ ​ ​ ​ ​ (90) ​ ​ ​ Decrease to retained earnings, net of tax effect ​ ​ ​ ​ $ 335 ​ ​ ​ (1) The allowance for credit losses on unfunded lending commitments is recorded within “other liabilities” on the statement of financial condition. The related provision for credit losses for unfunded lending commitments is recorded with the provision for loan losses and reported in aggregate as the provision for credit losses on the income statement.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
EARNINGS PER SHARE
Schedule of earnings per common share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (In thousands, except per share data) ​ 2023 2022 ​ 2023 2022 Numerator ​ ​ ​ ​ Net income available to common shareholders ​ $ 170 ​ $ 135 ​ $ 282 ​ $ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ ​ ​ Weighted average common shares outstanding ​ 4,901 ​ 5,290 ​ 5,033 ​ 5,290 Weighted average unallocated common stock held by benefit plans ​ ​ (588) ​ ​ (405) ​ ​ (597) ​ ​ (410) Weighted average shares - basic ​ ​ 4,313 ​ ​ 4,885 ​ ​ 4,436 ​ ​ 4,880 Effect of dilutive stock-based awards: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ ​ - ​ ​ - ​ ​ - ​ ​ - Restricted stock ​ ​ 11 ​ ​ - ​ ​ 6 ​ ​ - Weighted average shares - assuming dilution ​ ​ 4,324 ​ ​ 4,885 ​ ​ 4,442 ​ ​ 4,880 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share ​ $ 0.03 ​ $ 0.03 ​ $ 0.06 ​ $ 0.01 Diluted earnings per common share ​ ​ 0.03 ​ ​ 0.03 ​ ​ 0.06 ​ ​ 0.01

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2023
INVESTMENT SECURITIES
Schedule of amortized cost and fair values of securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 (Dollars in thousands) ​ Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities available-for-sale ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 67,604 ​ $ - ​ $ (11,181) ​ $ 56,423 U.S. Government and agency obligations ​ 10,985 ​ - ​ (949) ​ 10,036 Municipal obligations ​ 6,014 ​ - ​ (665) ​ 5,349 Total available-for-sale ​ $ 84,603 ​ $ - ​ $ (12,795) ​ $ 71,808 Securities held-to-maturity ​ ​ ​ ​ U.S. Government and agency obligations ​ $ 13,004 ​ $ - ​ $ (2,846) ​ $ 10,158 Municipal obligations ​ 460 ​ - ​ (45) ​ 415 Total held-to-maturity ​ $ 13,464 ​ $ - ​ $ (2,891) ​ $ 10,573 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) ​ Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities available-for-sale ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 74,044 ​ $ 15 ​ $ (9,892) ​ $ 64,167 U.S. Government and agency obligations ​ 10,979 ​ - ​ (1,062) ​ 9,917 Municipal obligations ​ 6,065 ​ 4 ​ (551) ​ 5,518 Total available-for-sale ​ $ 91,088 ​ $ 19 ​ $ (11,505) ​ $ 79,602 Securities held-to-maturity ​ ​ ​ ​ U.S. Government and agency obligations ​ $ 13,006 ​ $ - ​ $ (2,718) ​ $ 10,288 Municipal obligations ​ 469 ​ - ​ (33) ​ 436 Total held-to-maturity ​ $ 13,475 ​ $ - ​ $ (2,751) ​ $ 10,724
Schedule of maturities of securities held-to-maturity and available-for-sale	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Available-for-Sale ​ Held-to-Maturity (Dollars in thousands) ​ Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: ​ ​ ​ ​ One year or less ​ $ 1,000 ​ $ 993 ​ $ - ​ $ - After one through five years ​ 12,984 ​ 12,154 ​ 2,336 ​ 2,014 After five through ten years ​ 16,883 ​ 14,951 ​ 7,124 ​ 5,561 After ten years ​ 53,736 ​ 43,710 ​ 4,004 ​ 2,998 Total ​ $ 84,603 ​ $ 71,808 ​ $ 13,464 ​ $ 10,573 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Available-for-Sale ​ Held-to-Maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: ​ ​ ​ ​ One year or less ​ $ 1,000 ​ $ 962 ​ $ - ​ $ - After one through five years ​ 11,496 ​ 10,634 ​ 2,343 ​ 2,031 After five through ten years ​ 17,139 ​ 15,699 ​ 7,125 ​ 5,611 After ten years ​ 61,453 ​ 52,307 ​ 4,007 ​ 3,082 Total ​ $ 91,088 ​ $ 79,602 ​ $ 13,475 ​ $ 10,724
Schedule of securities with gross unrealized losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Less than 12 Months ​ 12 Months or Greater ​ Total (Dollars in thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Securities available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 1,534 ​ $ (47) ​ $ 54,889 ​ $ (11,134) ​ $ 56,423 ​ $ (11,181) U.S. Government and agency obligations ​ - ​ - ​ 10,036 ​ (949) ​ 10,036 ​ (949) Municipal obligations ​ 1,597 ​ (45) ​ 3,752 ​ (620) ​ 5,349 ​ (665) Total available-for-sale ​ $ 3,131 ​ $ (92) ​ $ 68,677 ​ $ (12,703) ​ $ 71,808 ​ $ (12,795) Securities held-to-maturity ​ ​ ​ ​ ​ ​ U.S. Government and agency obligations ​ $ - ​ $ - ​ $ 10,158 ​ $ (2,846) ​ $ 10,158 ​ $ (2,846) Municipal obligations ​ - ​ - ​ 415 ​ (45) ​ 415 ​ (45) Total held-to-maturity ​ $ - ​ $ - ​ $ 10,573 ​ $ (2,891) ​ $ 10,573 ​ $ (2,891) Total ​ $ 3,131 ​ $ (92) ​ $ 79,250 ​ $ (15,594) ​ $ 82,381 ​ $ (15,686) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Less than 12 Months ​ 12 Months or Greater ​ Total (Dollars in thousands) Fair Value ​ Gross Unrealized Losses ​ Fair Value ​ Gross Unrealized Losses ​ Fair Value ​ Gross Unrealized Losses Securities available-for-sale ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 9,759 ​ $ (546) ​ $ 53,402 ​ $ (9,346) ​ $ 63,161 ​ $ (9,892) U.S. Government and agency obligations ​ - ​ - ​ 9,917 ​ (1,062) ​ 9,917 ​ (1,062) Municipal obligations ​ 602 ​ (16) ​ 3,885 ​ (535) ​ 4,487 ​ (551) Total available-for-sale ​ $ 10,361 ​ $ (562) ​ $ 67,204 ​ $ (10,943) ​ $ 77,565 ​ $ (11,505) Securities held-to-maturity ​ ​ ​ ​ ​ ​ U.S. Government and agency obligations ​ $ - ​ $ - ​ $ 10,288 ​ $ (2,718) ​ $ 10,288 ​ $ (2,718) Municipal obligations ​ 120 ​ (6) ​ 316 ​ (27) ​ 436 ​ (33) Total held-to-maturity ​ $ 120 ​ $ (6) ​ $ 10,604 ​ $ (2,745) ​ $ 10,724 ​ $ (2,751) Total ​ $ 10,481 ​ $ (568) ​ $ 77,808 ​ $ (13,688) ​ $ 88,289 ​ $ (14,256)

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2023
LOANS RECEIVABLE
Schedule of loans receivable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (Dollars in thousands) ​ 2023 ​ 2022 Real estate loans ​ ​ One- to four-family residential ​ $ 83,973 ​ $ 87,508 Commercial real estate ​ 19,113 ​ 19,437 Construction and land ​ 6,622 ​ 6,172 Multi-family residential ​ 3,424 ​ 3,200 Total real estate loans ​ ​ 113,132 ​ ​ 116,317 Other loans ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 19,634 ​ ​ 13,843 Consumer ​ 2,906 ​ 3,447 Total other loans ​ ​ 22,540 ​ ​ 17,290 Total loans ​ ​ 135,672 ​ ​ 133,607 Less: Allowance for loan losses ​ ​ (2,036) ​ ​ (1,807) Net loans ​ $ 133,636 ​ $ 131,800
Schedule of changes in the allowance for loan losses	​ The following tables outline the changes in the allowance for loan losses for the nine months ended September 30, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended September 30, 2023 (Dollars in thousands) Beginning Balance ​ ASC 326 Adoption Impact (1) ​ Provision (Reversal) Charge-offs Recoveries Ending Balance Allowance for credit losses ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 1,224 ​ $ 158 ​ $ (299) ​ $ - ​ $ 98 ​ $ 1,181 Commercial real estate ​ 248 ​ (53) ​ (5) ​ - ​ - ​ 190 Construction and land ​ 74 ​ 40 ​ 48 ​ - ​ - ​ 162 Multi-family residential ​ 40 ​ 5 ​ (2) ​ - ​ - ​ 43 Commercial and industrial ​ 175 ​ 51 ​ 73 ​ - ​ 1 ​ 300 Consumer ​ 46 ​ 8 ​ 2 ​ (26) ​ 11 ​ 41 Unallocated ​ ​ - ​ ​ - ​ ​ 119 ​ ​ - ​ ​ - ​ ​ 119 Total for loans ​ $ 1,807 ​ $ 209 ​ $ (64) ​ $ (26) ​ $ 110 ​ $ 2,036 Unfunded lending commitments (2) ​ ​ - ​ ​ 216 ​ ​ 64 ​ ​ - ​ ​ - ​ ​ 280 Total ​ $ 1,807 ​ $ 425 ​ $ - ​ $ (26) ​ $ 110 ​ $ 2,316 (1) Refer to Note 2 for more information on the adoption of ASC 326. (2) The allowance for credit losses on unfunded lending commitments is recorded within “other liabilities” on the statement of financial condition. The related provision for credit losses for unfunded lending commitments is recorded with the provision for loan losses and reported in aggregate as the provision for credit losses on the income statement. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended September 30, 2022 (Dollars in thousands) ​ ​ ​ Beginning Balance Provision (Reversal) ​ Charge-offs Recoveries Ending Balance Allowance for loan losses ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 1,573 ​ $ (232) ​ $ (154) ​ $ 70 ​ $ 1,257 Commercial real estate ​ 370 ​ (101) ​ - ​ - ​ 269 Construction and land ​ 55 ​ (10) ​ - ​ - ​ 45 Multi-family residential ​ 73 ​ (33) ​ - ​ - ​ 40 Commercial and industrial ​ 137 ​ 4 ​ (21) ​ 19 ​ 139 Consumer ​ 68 ​ (3) ​ (16) ​ 5 ​ 54 Total ​ $ 2,276 ​ $ (375) ​ $ (191) ​ $ 94 ​ $ 1,804 ​ ​ The following tables outline the allowance for loan losses and the balance of loans by method of loss evaluation at September 30, 2023 and December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 December 31, 2022 (Dollars in thousands) ​ Individually Evaluated ​ Collectively Evaluated ​ Total ​ Individually Evaluated ​ Collectively Evaluated ​ Total Allowance for loan losses ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 127 ​ $ 1,054 ​ $ 1,181 ​ $ 216 ​ $ 1,008 ​ $ 1,224 Commercial real estate ​ ​ - ​ 190 ​ 190 ​ - ​ 248 ​ 248 Construction and land ​ ​ 49 ​ 113 ​ 162 ​ - ​ 74 ​ 74 Multi-family residential ​ ​ - ​ 43 ​ 43 ​ - ​ 40 ​ 40 Commercial and industrial ​ ​ - ​ 300 ​ 300 ​ - ​ 175 ​ 175 Consumer ​ ​ - ​ 41 ​ 41 ​ - ​ 46 ​ 46 Unallocated ​ ​ - ​ 119 ​ 119 ​ - ​ - ​ - Total ​ $ 176 ​ $ 1,860 ​ $ 2,036 ​ $ 216 ​ $ 1,591 ​ $ 1,807 Loans ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 957 ​ $ 83,016 ​ $ 83,973 ​ $ 2,712 ​ $ 84,796 ​ $ 87,508 Commercial real estate ​ 50 ​ 19,063 ​ 19,113 ​ 51 ​ ​ 19,386 ​ 19,437 Construction and land ​ 135 ​ 6,487 ​ 6,622 ​ 33 ​ 6,139 ​ 6,172 Multi-family residential ​ - ​ 3,424 ​ 3,424 ​ - ​ 3,200 ​ 3,200 Commercial and industrial ​ - ​ 19,634 ​ 19,634 ​ - ​ 13,843 ​ 13,843 Consumer ​ - ​ ​ 2,906 ​ 2,906 ​ - ​ 3,447 ​ 3,447 Total ​ $ 1,142 ​ $ 134,530 ​ $ 135,672 ​ $ 2,796 ​ $ 130,811 ​ $ 133,607
Summary of current, past due and nonaccrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2023 (Dollars in thousands) ​ Past Due 30-89 Days and Accruing Past Due Over 90 Days and Accruing Past Due Over 30 Days and Non-accruing Total Past Due Current and Accruing Current and Non-accruing Total Loans One- to four-family residential ​ $ 1,473 ​ $ 127 ​ $ 1,038 ​ $ 2,638 ​ $ 80,505 ​ $ 830 ​ $ 83,973 Commercial real estate ​ 110 ​ - ​ 50 ​ 160 ​ 18,953 ​ - ​ 19,113 Construction and land ​ - ​ - ​ - ​ - ​ 6,579 ​ 43 ​ 6,622 Multi-family residential ​ - ​ - ​ - ​ - ​ 3,424 ​ - ​ 3,424 Commercial and industrial ​ 113 ​ - ​ - ​ 113 ​ 19,521 ​ - ​ 19,634 Consumer ​ 14 ​ - ​ - ​ 14 ​ 2,892 ​ - ​ 2,906 Total ​ $ 1,710 ​ $ 127 ​ $ 1,088 ​ $ 2,925 ​ $ 131,874 ​ $ 873 ​ $ 135,672 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2022 (Dollars in thousands) Past Due 30-89 Days and Accruing Past Due Over 90 Days and Accruing Past Due Over 30 Days and Non-accruing Total Past Due Current and Accruing Current and Non-accruing Total Loans One- to four-family residential ​ $ 2,077 ​ $ 191 ​ $ 716 ​ $ 2,984 ​ $ 83,848 ​ $ 676 ​ $ 87,508 Commercial real estate ​ 166 ​ - ​ 51 ​ 217 ​ 19,220 ​ - ​ 19,437 Construction and land ​ 156 ​ - ​ 18 ​ 174 ​ 5,965 ​ 33 ​ 6,172 Multi-family residential ​ - ​ - ​ - ​ - ​ 3,200 ​ - ​ 3,200 Commercial and industrial ​ - ​ - ​ - ​ - ​ 13,843 ​ - ​ 13,843 Consumer ​ 6 ​ - ​ - ​ 6 ​ 3,441 ​ - ​ 3,447 Total ​ $ 2,405 ​ $ 191 ​ $ 785 ​ $ 3,381 ​ $ 129,517 ​ $ 709 ​ $ 133,607
Schedule of nonaccrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ September 30, 2023 ​ 2022 (Dollars in thousands) ​ With Allowance for Credit Loss ​ Without Allowance for Credit Loss ​ Total ​ Total Nonaccrual loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ 1,673 ​ $ 195 ​ $ 1,868 ​ $ 1,392 Commercial real estate ​ ​ - ​ ​ 50 ​ ​ 50 ​ ​ 51 Construction and land ​ ​ 43 ​ ​ - ​ ​ 43 ​ ​ 51 Multi-family residential ​ ​ - ​ ​ - ​ ​ - ​ ​ - Commercial and industrial ​ ​ - ​ ​ - ​ ​ - ​ ​ - Consumer ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 1,716 ​ $ 245 ​ $ 1,961 ​ $ 1,494
Schedule of impaired loans	​ Information on impaired loans as of December 31, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) ​ Recorded Investment Without an Allowance ​ Recorded Investment With an Allowance ​ Unpaid Principal ​ Related Allowance One- to four-family residential ​ $ 1,843 ​ $ 869 ​ $ 3,149 ​ $ 216 Commercial real estate ​ 51 ​ - ​ 52 ​ - Construction and land ​ 33 ​ - ​ 42 ​ - Multi-family residential ​ - ​ - ​ - ​ - Commercial and industrial ​ - ​ - ​ - ​ - Consumer ​ - ​ - ​ - ​ - Total ​ $ 1,927 ​ $ 869 ​ $ 3,243 ​ $ 216 ​ The table below presents the average balances and interest income for impaired loans for the three and nine months ended September 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, 2022 ​ September 30, 2022 (Dollars in thousands) ​ Average Recorded Investment ​ Interest Income Recognized ​ Average Recorded Investment ​ Interest Income Recognized One- to four-family residential ​ $ 2,655 ​ $ 16 ​ $ 2,718 ​ $ 49 Commercial real estate ​ 50 ​ - ​ 51 ​ - Construction and land ​ 34 ​ - ​ 35 ​ - Multi-family residential ​ - ​ - ​ - ​ - Commercial and industrial ​ - ​ - ​ - ​ - Consumer ​ 12 ​ - ​ 13 ​ - Total ​ $ 2,751 ​ $ 16 ​ $ 2,817 ​ $ 49
Schedule of credit quality indicators	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Line-of-credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Arrangements ​ ​ ​ ​ ​ Term Loans by Origination Year ​ Line-of-credit ​ Converted to ​ ​ ​ (Dollars in thousands) ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Arrangements ​ Term Loans ​ Total One- to four-family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 1,695 ​ $ 11,175 ​ $ 3,308 ​ $ 2,994 ​ $ 3,230 ​ $ 55,100 ​ $ 1,603 ​ $ 2,031 ​ $ 81,136 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ 24 ​ ​ - ​ ​ 12 ​ ​ 126 ​ ​ 13 ​ ​ 2,662 ​ ​ - ​ ​ - ​ ​ 2,837 Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 1,719 ​ $ 11,175 ​ $ 3,320 ​ $ 3,120 ​ $ 3,243 ​ $ 57,762 ​ $ 1,603 ​ $ 2,031 ​ $ 83,973 Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 1,790 ​ $ 2,067 ​ $ 2,049 ​ $ 4,396 ​ $ 3,470 ​ $ 4,445 ​ $ 33 ​ $ 355 ​ $ 18,605 Special Mention ​ ​ - ​ ​ 110 ​ ​ 106 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 216 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 292 ​ ​ - ​ ​ - ​ ​ 292 Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 1,790 ​ $ 2,177 ​ $ 2,155 ​ $ 4,396 ​ $ 3,470 ​ $ 4,737 ​ $ 33 ​ $ 355 ​ $ 19,113 Construction and land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 57 ​ $ 188 ​ $ 57 ​ $ 70 ​ $ 46 ​ $ 498 ​ $ 5,528 ​ $ - ​ $ 6,444 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ - ​ ​ 135 ​ ​ - ​ ​ 14 ​ ​ - ​ ​ 29 ​ ​ - ​ ​ - ​ ​ 178 Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 57 ​ $ 323 ​ $ 57 ​ $ 84 ​ $ 46 ​ $ 527 ​ $ 5,528 ​ $ - ​ $ 6,622 Multi-family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 382 ​ $ - ​ $ 470 ​ $ - ​ $ 282 ​ $ 2,290 ​ $ - ​ $ - ​ $ 3,424 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 382 ​ $ - ​ $ 470 ​ $ - ​ $ 282 ​ $ 2,290 ​ $ - ​ $ - ​ $ 3,424 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 5,989 ​ $ 2,490 ​ $ 853 ​ $ 326 ​ $ 303 ​ $ 70 ​ $ 9,603 ​ $ - ​ $ 19,634 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 5,989 ​ $ 2,490 ​ $ 853 ​ $ 326 ​ $ 303 ​ $ 70 ​ $ 9,603 ​ $ - ​ $ 19,634 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 914 ​ $ 559 ​ $ 700 ​ $ 311 ​ $ 199 ​ $ 223 ​ $ - ​ $ - ​ $ 2,906 Special Mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 914 ​ $ 559 ​ $ 700 ​ $ 311 ​ $ 199 ​ $ 223 ​ $ - ​ $ - ​ $ 2,906 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 10,827 ​ $ 16,479 ​ $ 7,437 ​ $ 8,097 ​ $ 7,530 ​ $ 62,626 ​ $ 16,767 ​ $ 2,386 ​ $ 132,149 Special Mention ​ ​ - ​ ​ 110 ​ ​ 106 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 216 Substandard ​ ​ 24 ​ ​ 135 ​ ​ 12 ​ ​ 140 ​ ​ 13 ​ ​ 2,983 ​ ​ - ​ ​ - ​ ​ 3,307 Doubtful ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Total ​ $ 10,851 ​ $ 16,724 ​ $ 7,555 ​ $ 8,237 ​ $ 7,543 ​ $ 65,609 ​ $ 16,767 ​ $ 2,386 ​ $ 135,672 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) Pass Special Mention Substandard Doubtful Total One- to four-family residential ​ $ 84,219 ​ $ 171 ​ $ 3,118 ​ $ - ​ $ 87,508 Commercial real estate ​ 19,334 ​ - ​ 103 ​ - ​ 19,437 Construction and land ​ 5,822 ​ 291 ​ 59 ​ - ​ 6,172 Multi-family residential ​ 3,200 ​ - ​ - ​ - ​ 3,200 Commercial and industrial ​ 13,843 ​ - ​ - ​ - ​ 13,843 Consumer ​ 3,447 ​ - ​ - ​ - ​ 3,447 Total ​ $ 129,865 ​ $ 462 ​ $ 3,280 ​ $ - ​ $ 133,607 ​
Schedule of gross charge-offs and recoveries	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan Origination Year ​ ​ ​ (Dollars in thousands) ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total Charge-offs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - Commercial real estate ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Construction and land ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Multi-family residential ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Commercial and industrial ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Consumer ​ ​ 4 ​ ​ 5 ​ ​ 9 ​ ​ 1 ​ ​ 2 ​ ​ 5 ​ ​ 26 Total ​ $ 4 ​ $ 5 ​ $ 9 ​ $ 1 ​ $ 2 ​ $ 5 ​ $ 26 Recoveries ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family residential ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 98 ​ $ 98 Commercial real estate ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Construction and land ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Multi-family residential ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - Commercial and industrial ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 1 ​ ​ 1 Consumer ​ ​ - ​ ​ - ​ ​ 2 ​ ​ 1 ​ ​ - ​ ​ 8 ​ ​ 11 Total ​ $ - ​ $ - ​ $ 2 ​ $ 1 ​ $ - ​ $ 107 ​ $ 110

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2023
DEPOSITS.
Schedule of deposits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ December 31, 2022 (Dollars in thousands) ​ Amount Percent ​ Amount Percent Non-interest-bearing demand deposits ​ $ 33,222 20.1 % ​ $ 33,657 20.4 % Interest-bearing demand deposits ​ 38,881 23.5 ​ ​ 36,991 22.4 ​ Money market ​ 15,473 9.4 ​ ​ 15,734 9.5 ​ Savings ​ 27,237 16.5 ​ ​ 26,209 15.9 ​ Certificates of deposit ​ 50,407 30.5 ​ ​ 52,503 31.8 ​ Total deposits ​ $ 165,220 100.0 % ​ $ 165,094 100.0 %
Schedule of maturities of certificates of deposit	​ ​ ​ ​ ​ (Dollars in thousands) ​ Amount 2023 ​ $ 10,527 2024 ​ 34,662 2025 ​ 3,616 2026 ​ 1,002 2027 ​ 451 2028 ​ 149 Total ​ $ 50,407 ​

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	9 Months Ended
	Sep. 30, 2023
BORROWED FUNDS
Summary of borrowed funds	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ December 31, 2022 (Dollars in thousands) Rate Amount Rate Amount Advances from Federal Home Loan Bank 0.65 % ​ $ 3,000 0.65 % ​ $ 3,000 ​ 0.96 ​ ​ 3,000 0.96 ​ ​ 3,000 ​ 1.12 ​ ​ 4,000 1.12 ​ ​ 4,000 ​ ​ ​ ​ ​ 10,000 ​ ​ ​ ​ 10,000 Debt modification discount ​ ​ ​ ​ (667) ​ ​ ​ ​ (802) ​ ​ ​ ​ ​ $ 9,333 ​ ​ ​ ​ $ 9,198
Summary of borrowed funds maturities	​ ​ ​ ​ ​ (Dollars in thousands) Amount Amounts maturing in: ​ ​ ​ 2024 ​ $ - 2025 ​ ​ 3,000 2026 ​ ​ - 2027 ​ 3,000 2028 ​ 4,000 Total ​ $ 10,000

CAPITAL AND REGULATORY MATTERS

CAPITAL AND REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 30, 2023
CAPITAL AND REGULATORY MATTERS
Schedule of actual and required capital amounts and ratios	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actual ​ To be Well Capitalized under the Prompt Corrective Action Provision (Dollars in thousands) Amount Ratio ​ Amount Ratio As of September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 78,925 ​ 54.97 % ​ $ 9,332 ​ >6.5 % Tier 1 Risk-Based Capital ​ 78,925 ​ 54.97 ​ ​ 11,486 ​ >8.0 ​ Total Risk-Based Capital ​ 80,726 ​ 56.23 ​ ​ 14,357 ​ >10.0 ​ Tier 1 Leverage Capital ​ 78,925 ​ 31.08 ​ ​ 12,697 ​ >5.0 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2022 ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 78,527 ​ 56.17 % ​ $ 9,087 ​ >6.5 % Tier 1 Risk-Based Capital ​ 78,527 ​ 56.17 ​ ​ 11,184 ​ >8.0 ​ Total Risk-Based Capital ​ 80,275 ​ 57.42 ​ ​ 13,980 ​ >10.0 ​ Tier 1 Leverage Capital ​ 78,527 ​ 30.37 ​ ​ 12,929 ​ >5.0 ​

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
FAIR VALUE MEASUREMENTS
Schedule of fair values of assets and liabilities measured on a recurring and nonrecurring basis	​ Fair values of assets and liabilities measured on a recurring basis at September 30, 2023 and December 31, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at Reporting Date Using (Dollars in thousands) Fair Value Level 1 Level 2 Level 3 September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ $ 71,808 ​ $ - ​ $ 71,808 ​ $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ $ 79,602 ​ $ - ​ $ 79,602 ​ $ - ​ Fair values of assets and liabilities measured on a nonrecurring basis at September 30, 2023 and December 31, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at Reporting Date Using (Dollars in thousands) Fair Value Level 1 Level 2 Level 3 September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for credit losses ​ $ 457 ​ $ - ​ $ - ​ $ 457 Foreclosed assets ​ ​ 37 ​ - ​ - ​ 37 Total ​ $ 494 ​ $ - ​ $ - ​ $ 494 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for credit losses ​ $ 898 ​ $ - ​ $ - ​ $ 898 Foreclosed assets ​ ​ 320 ​ ​ - ​ ​ - ​ ​ 320 Total ​ $ 1,218 ​ $ - ​ $ - ​ $ 1,218

FAIR VALUES OF FINANCIAL INSTRU

FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of estimated fair values of the Bank's financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 (Dollars in thousands) Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 13,266 ​ $ 13,266 ​ $ 13,266 $ - $ - Investment securities: ​ ​ ​ Available-for-sale ​ 71,808 ​ 71,808 ​ - 71,808 - Held-to-maturity ​ 13,464 ​ 10,573 ​ - 10,573 - Loans receivable, net ​ 133,636 ​ 122,993 ​ - - 122,993 Bank-owned life insurance ​ ​ 13,917 ​ ​ 13,917 ​ ​ - ​ ​ 13,917 ​ ​ - Financial Liabilities: ​ ​ ​ Deposits ​ 165,220 ​ 164,081 ​ - 164,081 - Borrowed funds ​ 9,333 ​ 8,489 ​ - 8,489 - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial Assets: ​ ​ ​ Cash and cash equivalents ​ $ 13,472 ​ $ 13,472 ​ $ 13,472 $ - $ - Investment securities: ​ ​ ​ Available-for-sale ​ 79,602 ​ 79,602 ​ - 79,602 - Held-to-maturity ​ 13,475 ​ 10,724 ​ - 10,724 - Loans receivable, net ​ 131,800 ​ 121,208 ​ - - 121,208 Bank-owned life insurance ​ ​ 13,617 ​ ​ 13,617 ​ ​ - ​ ​ 13,617 ​ ​ - Financial Liabilities: ​ ​ ​ Deposits ​ 165,094 ​ 163,797 ​ - 163,797 - Borrowed funds ​ 9,198 ​ 8,484 ​ - 8,484 -

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	Sep. 30, 2023 location
BASIS OF PRESENTATION
Number of full-service locations	6

RECENT ACCOUNTING PRONOUNCEME_4

RECENT ACCOUNTING PRONOUNCEMENTS - Impact of ASC Topic 326 (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	$ 2,036	$ 1,804	$ 2,036	$ 1,804	$ 1,807	$ 2,276
Income tax expense (benefit)	27	13	19	(49)
Retained earnings	52,687		52,687		52,740
One- to four-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	1,181	1,257	1,181	1,257	1,224	1,573
Commercial real estate
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	190	269	190	269	248	370
Construction and land
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	162	45	162	45	74	55
Multi-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	43	40	43	40	40	73
Commercial and industrial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	300	139	300	139	175	137
Consumer
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	41	$ 54	41	$ 54	46	$ 68
Loans Receivable
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	2,036		2,036		1,807
Loans Receivable | One- to four-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	1,181		1,181		1,224
Loans Receivable | Commercial real estate
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	190		190		248
Loans Receivable | Construction and land
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	162		162		74
Loans Receivable | Multi-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	43		43		40
Loans Receivable | Commercial and industrial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	300		300		175
Loans Receivable | Consumer
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	41		41		46
Adoption impact | Loans Receivable
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	209		209
Adoption impact | Loans Receivable | One- to four-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	158		158
Adoption impact | Loans Receivable | Commercial real estate
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	(53)		(53)
Adoption impact | Loans Receivable | Construction and land
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	40		40
Adoption impact | Loans Receivable | Multi-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	5		5
Adoption impact | Loans Receivable | Commercial and industrial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	51		51
Adoption impact | Loans Receivable | Consumer
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses	$ 8		$ 8
Accounting Standards Update 2016-13 | Adoption impact
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					425
Income tax expense (benefit)					(90)
Retained earnings					335
Accounting Standards Update 2016-13 | Adoption impact | One- to four-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					158
Accounting Standards Update 2016-13 | Adoption impact | Commercial real estate
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					(53)
Accounting Standards Update 2016-13 | Adoption impact | Construction and land
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					40
Accounting Standards Update 2016-13 | Adoption impact | Multi-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					5
Accounting Standards Update 2016-13 | Adoption impact | Commercial and industrial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					51
Accounting Standards Update 2016-13 | Adoption impact | Consumer
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					8
Accounting Standards Update 2016-13 | Adoption impact | Loans Receivable
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					209
Accounting Standards Update 2016-13 | Adoption impact | Unfunded lending commitments
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					216
Accounting Standards Update 2016-13 | Adjusted balance
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					2,232
Accounting Standards Update 2016-13 | Adjusted balance | One- to four-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					1,382
Accounting Standards Update 2016-13 | Adjusted balance | Commercial real estate
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					195
Accounting Standards Update 2016-13 | Adjusted balance | Construction and land
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					114
Accounting Standards Update 2016-13 | Adjusted balance | Multi-family residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					45
Accounting Standards Update 2016-13 | Adjusted balance | Commercial and industrial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					226
Accounting Standards Update 2016-13 | Adjusted balance | Consumer
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					54
Accounting Standards Update 2016-13 | Adjusted balance | Loans Receivable
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					2,016
Accounting Standards Update 2016-13 | Adjusted balance | Unfunded lending commitments
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for credit losses					$ 216

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator
Net income available to common shareholders	$ 170	$ 135	$ 282	$ 9
Denominator
Weighted average common shares outstanding	4,901,000	5,290,000	5,033,000	5,290,000
Weighted average unallocated common stock held by benefit plans	(588,000)	(405,000)	(597,000)	(410,000)
Weighted average shares - basic	4,313,000	4,885,000	4,436,000	4,880,000
Effect of dilutive shares:
Weighted average shares - assuming dilution	4,324,000	4,885,000	4,442,000	4,880,000
Basic earnings per common share	$ 0.03	$ 0.03	$ 0.06	$ 0.01
Diluted earnings per common share	$ 0.03	$ 0.03	$ 0.06	$ 0.01
Potential dilution of earnings per share.		0		0
Stock options
Effect of dilutive shares:
Potential dilution of earnings per share.	280,620		290,379
Restricted stock
Effect of dilutive shares:
Potential dilution of earnings per share.	0		39,779
Restricted stock
Effect of dilutive shares:
Effect of dilutive stock-based awards	11,000		6,000

INVESTMENT SECURITIES - Fair Va

INVESTMENT SECURITIES - Fair Value to Amortized Cost (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Securities Available-for-Sale
Amortized cost	$ 84,603,000		$ 91,088,000
Gross Unrealized Gains			19,000
Gross Unrealized Losses	(12,795,000)		(11,505,000)
Available-for-sale securities	71,808,000		79,602,000
Securities Held-to-Maturity
Amortized cost	13,464,000		13,475,000
Gross Unrealized Losses	(2,891,000)		(2,751,000)
Fair Value	10,573,000		10,724,000
Securities transferred between classifications	0	$ 0
Accrued interest receivable on investment securities	243,000		257,000
Asset Pledged as Collateral | Deposits
Securities Available-for-Sale
Available-for-sale securities	43,600,000		20,400,000
Asset Pledged as Collateral | Federal Reserve Bank Advances
Securities Available-for-Sale
Available-for-sale securities	1,000,000
Mortgage-backed
Securities Available-for-Sale
Amortized cost	67,604,000		74,044,000
Gross Unrealized Gains			15,000
Gross Unrealized Losses	(11,181,000)		(9,892,000)
Available-for-sale securities	56,423,000		64,167,000
U.S. Government and agency obligations
Securities Available-for-Sale
Amortized cost	10,985,000		10,979,000
Gross Unrealized Losses	(949,000)		(1,062,000)
Available-for-sale securities	10,036,000		9,917,000
Securities Held-to-Maturity
Amortized cost	13,004,000		13,006,000
Gross Unrealized Losses	(2,846,000)		(2,718,000)
Fair Value	10,158,000		10,288,000
Municipal obligations
Securities Available-for-Sale
Amortized cost	6,014,000		6,065,000
Gross Unrealized Gains			4,000
Gross Unrealized Losses	(665,000)		(551,000)
Available-for-sale securities	5,349,000		5,518,000
Securities Held-to-Maturity
Amortized cost	460,000		469,000
Gross Unrealized Losses	(45,000)		(33,000)
Fair Value	$ 415,000		$ 436,000

INVESTMENT SECURITIES - Maturit

INVESTMENT SECURITIES - Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Available-for-sale securities, Amortized cost
Due in one year or less	$ 1,000	$ 1,000
Due from one to five years	12,984	11,496
Due from five to ten years	16,883	17,139
After ten years	53,736	61,453
Total	84,603	91,088
Available-for-sale securities, Fair value
Due in one year or less	993	962
Due from one to five years	12,154	10,634
Due from five to ten years	14,951	15,699
After ten years	43,710	52,307
Total	71,808	79,602
Held-to-maturity securities, Amortized cost
Due from one to five years	2,336	2,343
Due from five to ten years	7,124	7,125
After ten years	4,004	4,007
Total	13,464	13,475
Held-to-maturity securities, Fair value
Due from one to five years	2,014	2,031
Due from five to ten years	5,561	5,611
After ten years	2,998	3,082
Total	$ 10,573	$ 10,724

INVESTMENT SECURITIES - Securit

INVESTMENT SECURITIES - Securities with Gross Unrealized Losses (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) security	Sep. 30, 2023 USD ($) security
Securities Available-for-Sale, Fair Value
Less than 12 months	$ 10,361	$ 3,131
Over 12 months	67,204	68,677
Fair value	77,565	71,808
Securities Available-for-Sale, Gross Unrealized Losses
Less than 12 months	(562)	(92)
Over 12 months	(10,943)	(12,703)
Gross unrealized losses	(11,505)	(12,795)
Securities Held-to-Maturity, Fair Value
Less than 12 months	120
Over 12 months	10,604	10,573
Fair value	10,724	10,573
Securities Held-to-Maturity, Gross Unrealized Losses
Less than 12 months	(6)
Over 12 months	(2,745)	(2,891)
Gross unrealized losses	(2,751)	(2,891)
Total, Fair Value
Less than 12 months	10,481	3,131
Over 12 months	77,808	79,250
Fair value	88,289	82,381
Total, Gross Unrealized Losses
Less than 12 months	(568)	(92)
Over 12 months	(13,688)	(15,594)
Gross unrealized losses	$ (14,256)	$ (15,686)
Number of securities in unrealized loss position | security	96	98
Other-than-temporary impairment	$ 0
Mortgage-backed
Securities Available-for-Sale, Fair Value
Less than 12 months	9,759	$ 1,534
Over 12 months	53,402	54,889
Fair value	63,161	56,423
Securities Available-for-Sale, Gross Unrealized Losses
Less than 12 months	(546)	(47)
Over 12 months	(9,346)	(11,134)
Gross unrealized losses	(9,892)	(11,181)
U.S. Government and agency obligations
Securities Available-for-Sale, Fair Value
Over 12 months	9,917	10,036
Fair value	9,917	10,036
Securities Available-for-Sale, Gross Unrealized Losses
Over 12 months	(1,062)	(949)
Gross unrealized losses	(1,062)	(949)
Securities Held-to-Maturity, Fair Value
Over 12 months	10,288	10,158
Fair value	10,288	10,158
Securities Held-to-Maturity, Gross Unrealized Losses
Over 12 months	(2,718)	(2,846)
Gross unrealized losses	(2,718)	(2,846)
Municipal obligations
Securities Available-for-Sale, Fair Value
Less than 12 months	602	1,597
Over 12 months	3,885	3,752
Fair value	4,487	5,349
Securities Available-for-Sale, Gross Unrealized Losses
Less than 12 months	(16)	(45)
Over 12 months	(535)	(620)
Gross unrealized losses	(551)	(665)
Securities Held-to-Maturity, Fair Value
Less than 12 months	120
Over 12 months	316	415
Fair value	436	415
Securities Held-to-Maturity, Gross Unrealized Losses
Less than 12 months	(6)
Over 12 months	(27)	(45)
Gross unrealized losses	$ (33)	$ (45)

LOANS RECEIVABLE (Details)

LOANS RECEIVABLE (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	$ 135,672	$ 133,607
Less: Allowance for loan losses	(2,036)	(1,807)	$ (1,804)	$ (2,276)
Loans receivable, net	133,636	131,800
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	113,132	116,317
Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	22,540	17,290
One- to four-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	83,973	87,508
Less: Allowance for loan losses	(1,181)	(1,224)	(1,257)	(1,573)
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	19,113	19,437
Less: Allowance for loan losses	(190)	(248)	(269)	(370)
Construction and land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	6,622	6,172
Less: Allowance for loan losses	(162)	(74)	(45)	(55)
Multi-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	3,424	3,200
Less: Allowance for loan losses	(43)	(40)	(40)	(73)
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	19,634	13,843
Less: Allowance for loan losses	(300)	(175)	(139)	(137)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	2,906	3,447
Less: Allowance for loan losses	$ (41)	$ (46)	$ (54)	$ (68)

LOANS RECEIVABLE - Allowance fo

LOANS RECEIVABLE - Allowance for Loan Losses (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 1,807,000	$ 2,276,000
Provision (Reversal)		(375,000)
Charge-offs	(26,000)	(191,000)
Recoveries	110,000	94,000
Ending balance	2,036,000	1,804,000
Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,807,000
Provision (Reversal)	(64,000)
Charge-offs	(26,000)
Recoveries	110,000
Ending balance	2,036,000
Loans and financing receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,807,000
Charge-offs	(26,000)
Recoveries	110,000
Ending balance	2,316,000
Adoption impact | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	209,000
Adoption impact | Loans and financing receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	425,000
Unfunded lending commitments
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	280,000
Unfunded lending commitments | Financing Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Provision (Reversal)	64,000
Ending balance	280,000
Unfunded lending commitments | Adoption impact | Financing Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	216,000
One- to four-family residential
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,224,000	1,573,000
Provision (Reversal)		(232,000)
Charge-offs		(154,000)
Recoveries	98,000	70,000
Ending balance	1,181,000	1,257,000
One- to four-family residential | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,224,000
Provision (Reversal)	(299,000)
Recoveries	98,000
Ending balance	1,181,000
One- to four-family residential | Adoption impact | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	158,000
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	248,000	370,000
Provision (Reversal)		(101,000)
Ending balance	190,000	269,000
Commercial real estate | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	248,000
Provision (Reversal)	(5,000)
Ending balance	190,000
Commercial real estate | Adoption impact | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	(53,000)
Construction and land
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	74,000	55,000
Provision (Reversal)		(10,000)
Ending balance	162,000	45,000
Construction and land | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	74,000
Provision (Reversal)	48,000
Ending balance	162,000
Construction and land | Adoption impact | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	40,000
Multi-family residential
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	40,000	73,000
Provision (Reversal)		(33,000)
Ending balance	43,000	40,000
Multi-family residential | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	40,000
Provision (Reversal)	(2,000)
Ending balance	43,000
Multi-family residential | Adoption impact | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	5,000
Commercial and industrial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	175,000	137,000
Provision (Reversal)		4,000
Charge-offs		(21,000)
Recoveries	1,000	19,000
Ending balance	300,000	139,000
Commercial and industrial | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	175,000
Provision (Reversal)	73,000
Recoveries	1,000
Ending balance	300,000
Commercial and industrial | Adoption impact | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	51,000
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	46,000	68,000
Provision (Reversal)		(3,000)
Charge-offs	(26,000)	(16,000)
Recoveries	11,000	5,000
Ending balance	41,000	$ 54,000
Consumer | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	46,000
Provision (Reversal)	2,000
Charge-offs	(26,000)
Recoveries	11,000
Ending balance	41,000
Consumer | Adoption impact | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	8,000
Unallocated
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending balance	119,000
Unallocated | Loans Receivable
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Provision (Reversal)	119,000
Ending balance	$ 119,000

LOANS RECEIVABLE - Individually

LOANS RECEIVABLE - Individually and Collectively Evaluated (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Allowance for loan losses:
Individually evaluated for impairment	$ 176	$ 216
Collectively evaluated for impairment	1,860	1,591
Total	2,036	1,807	$ 1,804	$ 2,276
Loans:
Individually evaluated for impairment	1,142	2,796
Collectively evaluated for impairment	134,530	130,811
Total	135,672	133,607
One- to four-family residential
Allowance for loan losses:
Individually evaluated for impairment	127	216
Collectively evaluated for impairment	1,054	1,008
Total	1,181	1,224	1,257	1,573
Loans:
Individually evaluated for impairment	957	2,712
Collectively evaluated for impairment	83,016	84,796
Total	83,973	87,508
Commercial real estate
Allowance for loan losses:
Collectively evaluated for impairment	190	248
Total	190	248	269	370
Loans:
Individually evaluated for impairment	50	51
Collectively evaluated for impairment	19,063	19,386
Total	19,113	19,437
Construction and land
Allowance for loan losses:
Individually evaluated for impairment	49
Collectively evaluated for impairment	113	74
Total	162	74	45	55
Loans:
Individually evaluated for impairment	135	33
Collectively evaluated for impairment	6,487	6,139
Total	6,622	6,172
Multi-family residential
Allowance for loan losses:
Collectively evaluated for impairment	43	40
Total	43	40	40	73
Loans:
Collectively evaluated for impairment	3,424	3,200
Total	3,424	3,200
Commercial and industrial
Allowance for loan losses:
Collectively evaluated for impairment	300	175
Total	300	175	139	137
Loans:
Collectively evaluated for impairment	19,634	13,843
Total	19,634	13,843
Consumer
Allowance for loan losses:
Collectively evaluated for impairment	41	46
Total	41	46	$ 54	$ 68
Loans:
Collectively evaluated for impairment	2,906	3,447
Total	2,906	$ 3,447
Unallocated
Allowance for loan losses:
Collectively evaluated for impairment	119
Total	$ 119

LOANS RECEIVABLE - Current, Pas

LOANS RECEIVABLE - Current, Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Loans receivable, net	$ 135,672	$ 133,607
Past due
Financing Receivable, Past Due [Line Items]
Loans receivable, net	2,925	3,381
Past Due 30-89 Days Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	1,710	2,405
Past Due Over 90 Days and Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	127	191
Past Due Over 30 Days Non-Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	1,088	785
Current and Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	131,874	129,517
Current and Non-Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	873	709
One- to four-family residential
Financing Receivable, Past Due [Line Items]
Loans receivable, net	83,973	87,508
One- to four-family residential | Past due
Financing Receivable, Past Due [Line Items]
Loans receivable, net	2,638	2,984
One- to four-family residential | Past Due 30-89 Days Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	1,473	2,077
One- to four-family residential | Past Due Over 90 Days and Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	127	191
One- to four-family residential | Past Due Over 30 Days Non-Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	1,038	716
One- to four-family residential | Current and Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	80,505	83,848
One- to four-family residential | Current and Non-Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	830	676
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans receivable, net	19,113	19,437
Commercial real estate | Past due
Financing Receivable, Past Due [Line Items]
Loans receivable, net	160	217
Commercial real estate | Past Due 30-89 Days Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	110	166
Commercial real estate | Past Due Over 30 Days Non-Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	50	51
Commercial real estate | Current and Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	18,953	19,220
Construction and land
Financing Receivable, Past Due [Line Items]
Loans receivable, net	6,622	6,172
Construction and land | Past due
Financing Receivable, Past Due [Line Items]
Loans receivable, net		174
Construction and land | Past Due 30-89 Days Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net		156
Construction and land | Past Due Over 30 Days Non-Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net		18
Construction and land | Current and Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	6,579	5,965
Construction and land | Current and Non-Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	43	33
Multi-family residential
Financing Receivable, Past Due [Line Items]
Loans receivable, net	3,424	3,200
Multi-family residential | Current and Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	3,424	3,200
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans receivable, net	19,634	13,843
Commercial and industrial | Past due
Financing Receivable, Past Due [Line Items]
Loans receivable, net	113
Commercial and industrial | Past Due 30-89 Days Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	113
Commercial and industrial | Current and Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	19,521	13,843
Consumer
Financing Receivable, Past Due [Line Items]
Loans receivable, net	2,906	3,447
Consumer | Past due
Financing Receivable, Past Due [Line Items]
Loans receivable, net	14	6
Consumer | Past Due 30-89 Days Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	14	6
Consumer | Current and Accruing
Financing Receivable, Past Due [Line Items]
Loans receivable, net	$ 2,892	$ 3,441

LOANS RECEIVABLE - Nonaccrual L

LOANS RECEIVABLE - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
With Allowance for Credit Loss	$ 1,716
Without Allowance for Credit Loss	245
Total	1,961	$ 1,494
One- to four-family residential
Financing Receivable, Past Due [Line Items]
With Allowance for Credit Loss	1,673
Without Allowance for Credit Loss	195
Total	1,868	1,392
Commercial real estate
Financing Receivable, Past Due [Line Items]
Without Allowance for Credit Loss	50
Total	50	51
Construction and land
Financing Receivable, Past Due [Line Items]
With Allowance for Credit Loss	43
Total	$ 43	$ 51

LOANS RECEIVABLE - Impaired Loa

LOANS RECEIVABLE - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2022
Financing Receivable, Impaired [Line Items]
Recorded Investment Without an Allowance			$ 1,927
Recorded Investment With an Allowance			869
Unpaid Principal Balance			3,243
Related Allowance			216
Average Recorded Investment	$ 2,751	$ 2,817
Interest Income Recognized	16	49
One- to four-family residential
Financing Receivable, Impaired [Line Items]
Recorded Investment Without an Allowance			1,843
Recorded Investment With an Allowance			869
Unpaid Principal Balance			3,149
Related Allowance			216
Average Recorded Investment	2,655	2,718
Interest Income Recognized	16	49
Commercial real estate
Financing Receivable, Impaired [Line Items]
Recorded Investment Without an Allowance			51
Unpaid Principal Balance			52
Average Recorded Investment	50	51
Construction and land
Financing Receivable, Impaired [Line Items]
Recorded Investment Without an Allowance			33
Unpaid Principal Balance			$ 42
Average Recorded Investment	34	35
Consumer
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 12	$ 13

LOANS RECEIVABLE - Credit Quali

LOANS RECEIVABLE - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Loans
2023	$ 10,851
2022	16,724
2021	7,555
2020	8,237
2019	7,543
Prior	65,609
Line-of-credit Arrangements	16,767
Line-of-credit Arrangements Converted to Term Loans	2,386
Total	135,672	$ 133,607
Pass
Loans
2023	10,827
2022	16,479
2021	7,437
2020	8,097
2019	7,530
Prior	62,626
Line-of-credit Arrangements	16,767
Line-of-credit Arrangements Converted to Term Loans	2,386
Total	132,149	129,865
Special Mention
Loans
2022	110
2021	106
Total	216	462
Substandard
Loans
2023	24
2022	135
2021	12
2020	140
2019	13
Prior	2,983
Total	3,307	3,280
One- to four-family residential
Loans
2023	1,719
2022	11,175
2021	3,320
2020	3,120
2019	3,243
Prior	57,762
Line-of-credit Arrangements	1,603
Line-of-credit Arrangements Converted to Term Loans	2,031
Total	83,973	87,508
One- to four-family residential | Pass
Loans
2023	1,695
2022	11,175
2021	3,308
2020	2,994
2019	3,230
Prior	55,100
Line-of-credit Arrangements	1,603
Line-of-credit Arrangements Converted to Term Loans	2,031
Total	81,136	84,219
One- to four-family residential | Special Mention
Loans
Total		171
One- to four-family residential | Substandard
Loans
2023	24
2021	12
2020	126
2019	13
Prior	2,662
Total	2,837	3,118
Commercial real estate
Loans
2023	1,790
2022	2,177
2021	2,155
2020	4,396
2019	3,470
Prior	4,737
Line-of-credit Arrangements	33
Line-of-credit Arrangements Converted to Term Loans	355
Total	19,113	19,437
Commercial real estate | Pass
Loans
2023	1,790
2022	2,067
2021	2,049
2020	4,396
2019	3,470
Prior	4,445
Line-of-credit Arrangements	33
Line-of-credit Arrangements Converted to Term Loans	355
Total	18,605	19,334
Commercial real estate | Special Mention
Loans
2022	110
2021	106
Total	216
Commercial real estate | Substandard
Loans
Prior	292
Total	292	103
Construction and land
Loans
2023	57
2022	323
2021	57
2020	84
2019	46
Prior	527
Line-of-credit Arrangements	5,528
Total	6,622	6,172
Construction and land | Pass
Loans
2023	57
2022	188
2021	57
2020	70
2019	46
Prior	498
Line-of-credit Arrangements	5,528
Total	6,444	5,822
Construction and land | Special Mention
Loans
Total		291
Construction and land | Substandard
Loans
2022	135
2020	14
Prior	29
Total	178	59
Multi-family residential
Loans
2023	382
2021	470
2019	282
Prior	2,290
Total	3,424	3,200
Multi-family residential | Pass
Loans
2023	382
2021	470
2019	282
Prior	2,290
Total	3,424	3,200
Commercial and industrial
Loans
2023	5,989
2022	2,490
2021	853
2020	326
2019	303
Prior	70
Line-of-credit Arrangements	9,603
Total	19,634	13,843
Commercial and industrial | Pass
Loans
2023	5,989
2022	2,490
2021	853
2020	326
2019	303
Prior	70
Line-of-credit Arrangements	9,603
Total	19,634	13,843
Consumer
Loans
2023	914
2022	559
2021	700
2020	311
2019	199
Prior	223
Total	2,906	3,447
Consumer | Pass
Loans
2023	914
2022	559
2021	700
2020	311
2019	199
Prior	223
Total	$ 2,906	$ 3,447

LOANS RECEIVABLE - Gross charge

LOANS RECEIVABLE - Gross charge-offs and recoveries (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Charge-offs
2023	$ 4
2022	5
2021	9
2020	1
2019	2
Prior	5
Total	26	$ 191
Recoveries
2021	2
2020	1
Prior	107
Total	110	94
One- to four-family residential
Charge-offs
Total		154
Recoveries
Prior	98
Total	98	70
Commercial and industrial
Charge-offs
Total		21
Recoveries
Prior	1
Total	1	19
Consumer
Charge-offs
2023	4
2022	5
2021	9
2020	1
2019	2
Prior	5
Total	26	16
Recoveries
2021	2
2020	1
Prior	8
Total	$ 11	$ 5

LOANS RECEIVABLE Narrative (Det

LOANS RECEIVABLE Narrative (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	$ 135,672,000	$ 133,607,000
Loans receivable	133,636,000	131,800,000
Accrued interest receivable	562,000	411,000
Individually evaluated for impairment	1,142,000	2,796,000
One- to four-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	83,973,000	87,508,000
Individually evaluated for impairment	957,000	2,712,000
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	19,113,000	19,437,000
Individually evaluated for impairment	50,000	51,000
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	113,132,000	116,317,000
Residential Real Estate | One- to four-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	1,100,000
Residential Real Estate | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	476,000	331,000
Commercial Real Estate | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	50,000	50,000
Asset Pledged as Collateral | Federal Reserve Bank Advances | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 77,900,000	$ 64,100,000

DEPOSITS - Summary of Deposits

DEPOSITS - Summary of Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deposits, Amount:
Non-interest-bearing demand deposits, Amount	$ 33,222	$ 33,657
Interest-bearing demand deposits, Amount	38,881	36,991
Money market, Amount	15,473	15,734
Savings, Amount	27,237	26,209
Certificates of deposit, Amount	50,407	52,503
Total deposits	$ 165,220	$ 165,094
Deposits, Percentage:
Non-interest-bearing demand deposits, Percentage	20.10%	20.40%
Interest-bearing demand deposits, Percentage	23.50%	22.40%
Money market, Percentage	9.40%	9.50%
Savings, Percentage	16.50%	15.90%
Certificates of deposit, Percentage	30.50%	31.80%
Deposits, Percentage	100%	100%
Uninsured deposits	$ 45,200	$ 43,400
Certificates of deposit and other time deposits issued in denominations that exceed the FDIC insurance limit	$ 7,700	$ 8,900

DEPOSITS - Schedule of Maturiti

DEPOSITS - Schedule of Maturities of Certificates of Deposit (Details) $ in Thousands	Sep. 30, 2023 USD ($)
DEPOSITS.
2023	$ 10,527
2024	34,662
2025	3,616
2026	1,002
2027	451
2028	149
Total	$ 50,407

BORROWED FUNDS - Summary of Bor

BORROWED FUNDS - Summary of Borrowed Funds (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt	$ 10,000	$ 10,000
Debt modification discount	(667)	(802)
Total	9,333	9,198
Federal Home Loan Bank Borrowings at 0.65 Percentage
Debt Instrument [Line Items]
Long-term debt	$ 3,000	$ 3,000
Federal Home Loan Bank Borrowings interest percentage	0.65%	0.65%
Federal Home Loan Bank Borrowings at 0.96 Percentage
Debt Instrument [Line Items]
Long-term debt	$ 3,000	$ 3,000
Federal Home Loan Bank Borrowings interest percentage	0.96%	0.96%
Federal Home Loan Bank Borrowings at 1.12 Percentage
Debt Instrument [Line Items]
Long-term debt	$ 4,000	$ 4,000
Federal Home Loan Bank Borrowings interest percentage	1.12%	1.12%

BORROWED FUNDS - Maturities (De

BORROWED FUNDS - Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Maturities of Long-term Debt [Abstract]
2025	$ 3,000
2027	3,000
2028	4,000
Total	$ 10,000	$ 10,000

BORROWED FUNDS Narrative (Detai

BORROWED FUNDS Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
FHLB available borrowing capacity	$ 48,000	$ 34,200
Unsecured federal funds master purchase agreement with first national bankers bank	17,800
Available-for-sale securities	71,808	79,602
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Available-for-sale securities, par value	35,700
Asset Pledged as Collateral | Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Available-for-sale securities	77,900	$ 64,100
Asset Pledged as Collateral | Federal Reserve Bank Advances
Debt Instrument [Line Items]
Available-for-sale securities	1,000
Available for pledging | Federal Reserve Bank Advances
Debt Instrument [Line Items]
Available-for-sale securities, carrying value	$ 30,300

CAPITAL AND REGULATORY MATTER_2

CAPITAL AND REGULATORY MATTERS (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Common Equity Tier 1 Capital
Actual, Amount	$ 78,925	$ 78,527
Actual, Ratio	0.5497	0.5617
To be Well Capitalized under Prompt Corrective Action Provisions, Amount	$ 9,332	$ 9,087
To be Well Capitalized under Prompt Corrective Action Provisions, Ratio	0.65	0.65
Tier 1 Risk-Based Capital
Actual, Amount	$ 78,925	$ 78,527
Actual, Ratio	0.5497	0.5617
To be Well Capitalized under Prompt Corrective Action Provisions, Amount	$ 11,486	$ 11,184
To be Well Capitalized under Prompt Corrective Action Provisions, Ratio	0.80	0.80
Total Risk-Based Capital
Actual, Amount	$ 80,726	$ 80,275
Actual, Ratio	0.5623	0.5742
To be Well Capitalized under Prompt Corrective Action Provisions, Amount	$ 14,357	$ 13,980
To be Well Capitalized under Prompt Corrective Action Provisions, Ratio	1	1
Tier 1 Leverage Capital
Actual, Amount	$ 78,925	$ 78,527
Actual, Ratio	0.3108	0.3037
To be Well Capitalized under Prompt Corrective Action Provisions, Amount	$ 12,697	$ 12,929
To be Well Capitalized under Prompt Corrective Action Provisions, Ratio	0.50	0.50

CAPITAL AND REGULATORY MATTER_3

CAPITAL AND REGULATORY MATTERS - Share Repurchase Plans (Details) - $ / shares	1 Months Ended		3 Months Ended	9 Months Ended
	Apr. 30, 2023	Jan. 31, 2023	Sep. 30, 2023	Sep. 30, 2023
Equity, Class of Treasury Stock [Line Items]
Repurchased of shares			81,252	441,710
Average cost per share			$ 12.33	$ 12.08
January 2023 Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized		265,000
Percentage of outstanding common stock authorized to be repurchased		5%
April 2023 Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Percentage of outstanding common stock authorized to be repurchased	5%
Shares remaining for repurchase			75,290	75,290
April 2023 Repurchase Plan | Maximum
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized	252,000

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Values of Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 71,808	$ 79,602
Foreclosed assets	37	320
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	71,808	79,602
Recurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	71,808	79,602
Nonrecurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated for credit losses	457	898
Foreclosed assets	37	320
Total	494	1,218
Nonrecurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated for credit losses	457	898
Foreclosed assets	37	320
Total	494	1,218
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	71,808	79,602
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	71,808	79,602
Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 71,808	$ 79,602

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narratives (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
FAIR VALUE MEASUREMENTS
Impaired loans, carrying amount	$ 633,000		$ 633,000		$ 1,100,000
Foreclosed real estate, impaired loans	$ 62,000	$ 0	$ 62,000	$ 0

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investment securities
Available-for-sale securities	$ 71,808	$ 79,602
Held-to-maturity	10,573	10,724
Securities held-to-maturity	13,464	13,475
Carrying Amount
Financial Assets:
Cash and cash equivalents	13,266	13,472
Investment securities
Available-for-sale securities	71,808	79,602
Securities held-to-maturity	13,464	13,475
Loans receivable, net	133,636	131,800
Bank-owned life insurance	13,917	13,617
Financial Liabilities:
Deposits	165,220	165,094
Borrowed funds	9,333	9,198
Fair Value
Financial Assets:
Cash and cash equivalents	13,266	13,472
Investment securities
Available-for-sale securities	71,808	79,602
Securities held-to-maturity	10,573	10,724
Loans receivable, net	122,993	121,208
Bank-owned life insurance	13,917	13,617
Financial Liabilities:
Deposits	164,081	163,797
Borrowed funds	8,489	8,484
Fair Value | Level 1
Financial Assets:
Cash and cash equivalents	13,266	13,472
Fair Value | Level 2
Investment securities
Available-for-sale securities	71,808	79,602
Securities held-to-maturity	10,573	10,724
Bank-owned life insurance	13,917	13,617
Financial Liabilities:
Deposits	164,081	163,797
Borrowed funds	8,489	8,484
Fair Value | Level 3
Investment securities
Loans receivable, net	$ 122,993	$ 121,208

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	$ 2,036,000	$ 1,807,000	$ 1,804,000	$ 2,276,000
Loans receivable, net of unearned income	135,672,000	133,607,000
Unfunded Lending Commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	280,000
Loans receivable, net of unearned income	$ 33,500,000	22,800,000
Adoption impact | Accounting Standards Update 2016-13
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses		425,000
Adoption impact | Accounting Standards Update 2016-13 | Unfunded Lending Commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses		$ 216,000