United Bancorp (UBCP) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 05, 2022
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Entity File Number	0-16540
Entity Registrant Name	UNITED BANCORP, INC
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-1405357
Entity Address, Address Line One	201 South Fourth Street
Entity Address, City or Town	Martins Ferry
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43935-0010
City Area Code	740
Local Phone Number	633-0445
Title of 12(b) Security	Common Stock, Par Value $1.00
Trading Symbol	UBCP
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	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,742,130
Entity Central Index Key	0000731653
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 8,176	$ 7,653
Interest-bearing demand deposits	27,121	75,346
Cash and cash equivalents	35,297	82,999
Available-for-sale securities	211,842	146,313
Loans, net of allowance for loan losses of $2,619 and $3,673 at September 30, 2022 and December 31, 2021, respectively	465,745	450,699
Premises and equipment	12,304	12,757
Federal Home Loan Bank stock	2,499	3,704
Foreclosed assets held for sale, net	237	415
Core deposit intangible asset	447	560
Goodwill	682	682
Accrued interest receivable	3,078	2,345
Bank-owned life insurance	18,899	18,809
Other assets	9,824	5,173
Total assets	760,854	724,456
Deposits
Demand	417,367	408,296
Savings	145,410	140,598
Time	87,324	56,242
Total deposits	650,101	605,136
Securities sold under repurchase agreements	28,113	15,701
Subordinated debentures	23,711	23,665
Interest payable and other liabilities	5,783	8,253
Total liabilities	707,708	652,755
Stockholders' Equity
Preferred stock, no par value, authorized 2,000,000 shares; no shares issued
Common stock, $1 par value; authorized 10,000,000 shares; issued 2022 -6,043,851 shares, 2021 - 6,053,851 shares; outstanding 2022 - 5,742,130, 2021 - 5,791,583	6,044	6,054
Additional paid-in capital	24,723	23,635
Retained earnings	40,585	37,847
Stock held by deferred compensation plan; 2022 -172,358 shares, 2021 - 172,538 shares	(1,898)	(1,738)
Accumulated other comprehensive (loss) income	(14,480)	6,964
Treasury stock, at cost 2022 - 129,363 shares, 2021 - 84,363 shares	(1,828)	(1,061)
Total stockholders' equity	53,146	71,701
Total liabilities and stockholders' equity	$ 760,854	$ 724,456

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Condensed Consolidated Balance Sheets
Loans, allowance for loan losses	$ 2,619	$ 3,673
Preferred stock, no par value	$ 0	$ 0
Preferred stock, authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 1	$ 1
Common stock, authorized	10,000,000	10,000,000
Common stock, issued	6,043,851	6,053,851
Common shares, shares outstanding	5,742,130	5,796,950
Stock held by deferred compensation plan, shares	172,358	172,538
Treasury stock, shares	129,363	84,363

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest and dividend income
Loans, including fees	$ 5,378	$ 5,171	$ 15,083	$ 15,175
Taxable securities	558	19	1,228	69
Non-taxable securities	1,162	987	3,088	3,181
Federal funds sold	152	37	246	68
Dividends on Federal Home Loan Bank stock and other	47	20	94	62
Total interest and dividend income	7,297	6,234	19,739	18,555
Deposits
Demand	261	73	440	240
Savings	35	3	42	14
Time	194	215	290	782
Borrowings	438	338	1,120	1,044
Total interest expense	928	629	1,892	2,080
Net interest income	6,369	5,605	17,847	16,475
(Credit) Provision for loan losses	15	(400)	(970)	(855)
Net interest income after (credit) provision for loan losses	6,354	6,005	18,817	17,330
Noninterest income
Service charges on deposit accounts	754	721	2,181	2,122
Realized gains on available-for-sale securities		1,250		1,250
Realized gains on sales of loans	6	54	33	218
Other income	283	262	804	765
Total noninterest income	1,043	2,287	3,018	4,355
Noninterest expense
Salaries and employee benefits	2,399	2,772	7,788	7,407
Net occupancy and equipment expense	569	566	1,731	1,740
Professional services	358	290	981	937
Insurance	144	135	422	394
Deposit insurance premiums	50	48	149	146
Franchise and other taxes	136	144	408	418
Advertising	124	113	277	338
Stationery and office supplies	32	23	78	74
Amortization of core deposit premium	38	38	113	113
Other expenses	1,029	813	2,891	2,374
Total noninterest expense	4,879	4,942	14,838	13,941
Income before federal income taxes	2,518	3,350	6,997	7,744
Federal income taxes	215	448	646	749
Net income	$ 2,303	$ 2,902	$ 6,351	$ 6,995
EARNINGS PER COMMON SHARE, Basic (in dollars per share)	$ 0.40	$ 0.50	$ 1.11	$ 1.21
EARNINGS PER COMMON SHARE, Diluted (in dollars per share)	0.40	0.50	1.11	1.21
DIVIDENDS PER COMMON SHARE	$ 0.1575	$ 0.1475	$ 0.6150	$ 0.5350

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Condensed Consolidated Statements of Comprehensive Income (Loss)
Net income	$ 2,303	$ 2,902	$ 6,351	$ 6,995
Reclassification adjustment for realized gains on available-for-sale securities included in net income, net of taxes $---, $282, $--- and $545 for each respective period		(987)		(987)
Unrealized holding (losses) on securities during the period, net of tax (benefits) of $(1,773), $(119), $(5,707), and $(368) for each respective period	(6,670)	(448)	(21,444)	(1,386)
Comprehensive (loss) income	$ (4,367)	$ 1,467	$ (15,093)	$ 4,622

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Condensed Consolidated Statements of Comprehensive Income (Loss)
Reclassification adjustment for realized gains on available-for-sale securities included in net income, net of taxes	$ 0	$ 263	$ 0	$ 263
Unrealized holding gains (losses) on securities during the period, net of tax (benefit)	$ (1,773)	$ (119)	$ (5,704)	$ (368)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Treasury Stock And Deferred Compensation	Retained Earnings	Other Comprehensive Income (Loss)	Total
Beginning Balance at Dec. 31, 2020	$ 6,046	$ 23,166	$ (2,664)	$ 32,497	$ 9,283	$ 68,328
Net income				6,995		6,995
Other comprehensive (loss)					(2,373)	(2,373)
Cash dividends - per share				(3,206)		(3,206)
Shares sold for deferred compensation plan		47	(47)
Expense related to share-based compensation plans		310				310
Restricted stock activity	10	(10)
Ending Balance at Sep. 30, 2021	6,056	23,513	(2,711)	36,286	6,910	70,054
Beginning Balance at Jun. 30, 2021	6,046	23,368	(2,660)	34,277	8,345	69,376
Net income				2,902		2,902
Other comprehensive (loss)					(1,435)	(1,435)
Cash dividends - per share				(893)		(893)
Shares sold for deferred compensation plan		(51)	51
Expense related to share-based compensation plans		104				104
Restricted stock activity	10	(10)
Ending Balance at Sep. 30, 2021	6,056	23,513	(2,711)	36,286	6,910	70,054
Beginning Balance at Dec. 31, 2021	6,054	23,635	(2,799)	37,847	6,964	71,701
Net income				6,351		6,351
Other comprehensive (loss)					(21,444)	(21,444)
Cash dividends - per share				(3,613)		(3,613)
Expense related to share-based compensation plans		919				919
Shares sold for deferred compensation plan and treasury stock purchase		159	(927)			(768)
Restricted stock activity	(10)	10
Ending Balance at Sep. 30, 2022	6,044	24,723	(3,726)	40,585	(14,480)	53,146
Beginning Balance at Jun. 30, 2022	6,044	24,528	(3,618)	39,169	(7,810)	58,313
Net income				2,303		2,303
Other comprehensive (loss)					(6,670)	(6,670)
Cash dividends - per share				(887)		(887)
Expense related to share-based compensation plans		87				87
Shares sold for deferred compensation plan and treasury stock purchase		(108)	108
Ending Balance at Sep. 30, 2022	$ 6,044	$ 24,723	$ (3,726)	$ 40,585	$ (14,480)	$ 53,146

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Stockholders' Equity
DIVIDENDS PER COMMON SHARE	$ 0.1575	$ 0.1475	$ 0.6150	$ 0.5350

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating Activities
Net income	$ 6,351	$ 6,995
Items not requiring (providing) cash
Accretion of premiums and discounts on securities, net	389	274
Amortization of intangible asset	113	113
Depreciation and amortization	768	861
Expense related to share based compensation plans	919	310
(Credit) Provision for loan losses	(970)	(855)
Increase in value of bank-owned life insurance	(90)	(334)
Gain on sale of loans	(33)	(218)
Proceeds from sale of loans held for sale	1,819	9,674
Originations of loans held for sale	(1,786)	(9,456)
Gain on sale or write down of foreclosed assets	23	(75)
Gain on sale of available-for-sale securities		(1,250)
Amortization of debt service costs	46	46
Changes In
Net change in accrued interest receivable and other assets	(2,014)	(1,037)
Net change in accrued expenses and other liabilities	(173)	1,291
Net cash provided by operating activities	5,362	6,339
Investing Activities
Maturities, prepayments and calls	5,570	20,774
Purchases	(98,634)	(11,400)
Proceeds from sale of available-for-sale securities		11,125
Net change in loans	(14,043)	(18,615)
redemption of Federal Home Loan Bank Stock	1,205	473
Purchases of premises and equipment-net	(425)	(581)
Purchase of Bank Owned Life insurance		(159)
Proceeds from sale of foreclosed and fixed assets	267	517
Net cash (used in)provided by investing activities	(106,060)	2,134
Financing Activities
Net change in deposits	44,965	28,973
Net change in securities sold under repurchase agreements	12,412	5,575
Repurchase of common stock	(768)
Cash dividends paid on common stock	(3,613)	(3,206)
Net cash provided by financing activities	52,996	31,342
(Decrease) Increase in Cash and Cash Equivalents	(47,702)	39,815
Cash and Cash Equivalents, Beginning of Period	82,999	51,592
Cash and Cash Equivalents, End of Period	35,297	91,407
Supplemental Cash Flows Information
Interest paid on deposits and borrowings	2,257	2,380
Federal income taxes	$ 300	200
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Transfers from loans to foreclosed assets held for sale		$ 70

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 1: Summary of Significant Accounting Policies These interim financial statements are prepared without audit and reflect all adjustments which, in the opinion of management, are necessary to present fairly the financial position of United Bancorp, Inc. (“Company”) at September 30, 2022, and its results of operations and cash flows for the interim periods presented. All such adjustments are normal and recurring in nature. The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not purport to contain all the necessary financial disclosures required by accounting principles generally accepted in the United States of America that might otherwise be necessary in the circumstances and should be read in conjunction with the Company’s consolidated financial statements and related notes for the year ended December 31, 2021 included in its Annual Report on Form 10-K. Reference is made to the accounting policies of the Company described in the Notes to the Consolidated Financial Statements contained in its Annual Report on Form 10-K. The results of operations for the three months and nine months ended September 30, 2022, are not necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet of the Company as of December 31, 2021 has been derived from the audited consolidated balance sheet of the Company as of that date. Principles of Consolidation The consolidated financial statements include the accounts of United Bancorp, Inc. (“United” or “the Company”) and its wholly-owned subsidiary, Unified Bank of Martins Ferry, Ohio (“the Bank”). All intercompany transactions and balances have been eliminated in consolidation. Nature of Operations The Company’s revenues, operating income and assets are almost exclusively derived from banking. Accordingly, all of the Company’s banking operations are considered by management to be aggregated in one reportable operating segment. Customers are mainly located in Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas Counties and the surrounding localities in northeastern, east-central and southeastern Ohio and include a wide range of individuals, businesses and other organizations. Unified Bank conducts its business through its main office in Martins Ferry, Ohio and branches in Bridgeport, Colerain, Dellroy, Dover, Glouster, Jewett, Lancaster Downtown, Lancaster East, Nelsonville, New Philadelphia, Powhatan, St. Clairsville East, St. Clairsville West, Sherrodsville, Strasburg, Tiltonsville, Ohio and Moudsville, West Virginia. The Company’s primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets and real estate and are not considered “sub prime” type loans. The targeted lending areas of our Bank operations encompass four separate metropolitan areas, minimizing the risk to changes in economic conditions in the communities housing the Company’s branch locations. Commercial loans are expected to be repaid from cash flow from operations of businesses. Real estate loans are secured by both residential and commercial real estate. Net interest income is affected by the relative amount of interest-earning assets and interest-bearing liabilities and the interest received or paid on these balances. The level of interest rates paid or received by the Company can be significantly influenced by a number of environmental factors, such as governmental monetary and fiscal policies, that are outside of management’s control. Revenue Recognition Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, investment securities, as well as revenue related to our mortgage banking activities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. Descriptions of our revenue-generating activities that are within the scope of ASC 606, which are presented in our income statements as components of non-interest income are as follows: Service charges on deposit accounts - these represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Use of Estimates To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided and future results could differ. The allowance for loan losses and fair values of financial instruments are particularly subject to change. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. For all loan classes, the accrual of interest is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. For all loan classes, the entire balance of the loan is considered past due if the minimum payment contractually required to be paid is not received by the contractual due date. For all loan classes, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. Management’s general practice is to proactively charge down loans individually evaluated for impairment to the fair value of the underlying collateral. Consistent with regulatory guidance, charge-offs on all loan segments are taken when specific loans, or portions thereof, are considered uncollectible. The Company’s policy is to promptly charge these loans off in the period the uncollectible loss is reasonably determined. For all loan portfolio segments except residential and consumer loans, the Company promptly charges-off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Company charges-off residential and consumer loans when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance which provides for the charge-down of 1-4 family first and junior lien mortgages to the net realizable value less costs to sell when the loan is 120 days past due, charge-off of unsecured open-end loans when the loan is 120 days past due, and charge down to the net realizable value when other secured loans are 120 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. For all classes, all interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost- recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. When cash payments are received on impaired loans in each loan class, the Company records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan. Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms, no principal reduction has been granted and the loan has demonstrated the ability to perform in accordance with the renegotiated terms for a period of at least six months. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans and is based on historical charge-off experience by segment. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior five years. Management believes the five year historical loss experience methodology is appropriate in the current economic environment. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due based on the loan’s current payment status and the borrower’s financial condition including available sources of cash flows. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for non-homogenous type loans such as commercial, non-owner residential and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. For impaired loans where the Company utilizes the discounted cash flows to determine the level of impairment, the Company includes the entire change in the present value of cash flows as bad debt expense. The fair values of collateral dependent impaired loans are based on independent appraisals of the collateral. In general, the Company acquires an updated appraisal upon identification of impairment and annually thereafter for commercial, commercial real estate and multi-family loans. If the most recent appraisal is over a year old, and a new appraisal is not performed, due to lack of comparable values or other reasons, the existing appraisal is utilized and discounted generally 10% - 35% based on the age of the appraisal, condition of the subject property, and overall economic conditions. After determining the collateral value as described, the fair value is calculated based on the determined collateral value less selling expenses. The potential for outdated appraisal values is considered in our determination of the allowance for loan losses through our analysis of various trends and conditions including the local economy, trends in charge-offs and delinquencies, etc. and the related qualitative adjustments assigned by the Company. Segments of loans with similar risk characteristics are collectively evaluated for impairment based on the segment’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. In the course of working with borrowers, the Company may choose to restructure the contractual terms of certain loans. In this scenario, the Company attempts to work-out an alternative payment schedule with the borrower in order to optimize collectability of the loan. Any loans that are modified are reviewed by the Company to identify if a troubled debt restructuring (“TDR”) has occurred, which is when, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider. Terms may be modified to fit the ability of the borrower to repay in line with its current financial status and the restructuring of the loan may include the transfer of assets from the borrower to satisfy the debt, a modification of loan terms, or a combination of the two. If such efforts by the Company do not result in a satisfactory arrangement, the loan is referred to legal counsel, at which time foreclosure proceedings are initiated. At any time prior to a sale of the property at foreclosure, the Company may terminate foreclosure proceedings if the borrower is able to work-out a satisfactory payment plan. It is the Company’s policy to have any restructured loans which are on nonaccrual status prior to being restructured remain on nonaccrual status until six months of satisfactory borrower performance at which time management would consider its return to accrual status. If a loan was accruing at the time of restructuring, the Company reviews the loan to determine if it is appropriate to continue the accrual of interest on the restructured loan. With regard to determination of the amount of the allowance for credit losses, trouble debt restructured loans are considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings is the same as detailed previously. Earnings Per Share Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during each period. Diluted earnings per share reflects additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock awards and are determined using the treasury stock method. Treasury stock shares, deferred compensation shares and unearned ESOP shares are not deemed outstanding for earnings per share calculations. Earnings per share (EPS) were computed as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022 ​ ​ ​ ​ ​ Weighted- ​ Per ​ ​ Net ​ Average ​ Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 2,303 ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (61) ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (40) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 2,202 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,488,121 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ $ 0.40 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Net ​ Average ​ Per Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 2,902 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (114) ​ ​ ​ ​ Less dividends on non-vested restricted stock ​ ​ (49) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 2,739 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,478,496 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 0.50 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ ​ ​ ​ ​ Weighted- ​ Per ​ ​ Net ​ Average ​ Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 6,351 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (124) ​ ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (161) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 6,066 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,482,865 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 1.11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Average ​ Per Share ​ Net Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 6,995 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (211) ​ ​ ​ ​ Less dividends on non-vested restricted stock ​ ​ (173) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 6,611 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,476,359 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 1.21 ​ Income Taxes The Company is subject to income taxes in the U.S. federal jurisdiction, as well as various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for the years before 2018. Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments.” For purchased financial assets with a more-than-insignificant amount of credit deterioration since origination (“PCD assets”) that are measured at amortized cost, the initial allowance for credit losses is added to the purchase price rather than being reported as a credit loss expense. Subsequent changes in the allowance for credit losses on PCD assets are recognized through the statement of income as a credit loss expense. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses rather than as a direct write-down to the security. On October 16, 2019, FASB approved a final ASU delaying the effective date of ASU 2016-13 for small reporting companies to interim and annual periods beginning after December 15, 2022. The Company is currently evaluating the impact of these amendments to the Company’s financial position and results of operations and currently does not know or cannot reasonably quantify the impact of the adoption of the amendments as a result of the complexity and extensive changes from the amendments. The Allowance for Loan Losses (ALL) estimate is material to the Company and given the change from an incurred loss model to a methodology that considers the credit loss over the life of the loan, there is the potential for an increase in the ALL at adoption date. The Company is anticipating a significant change in the processes and procedures to calculate the ALL, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. In addition, the current accounting policy and procedures for the other-than-temporary impairment on available-for-sale securities will be replaced with an allowance approach. It is anticipate the Company will use the Weighted-Average Remaining Maturity (WARM) method upon adoption of ASU No. 2016-13. The Company continues to run projections and review segmentation to ensure it is fully compliant with the amendments at adoption date. For additional information on the allowance for loan losses, see Note 3.

Securities

Securities	9 Months Ended
	Sep. 30, 2022
Securities
Securities	Note 2: Securities The amortized cost and approximate fair values, together with gross unrealized gains and losses of securities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Cost Gains Losses Fair Value ​ ​ (In thousands) Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022: ​ ​ ​ ​ U.S. government agencies ​ $ 45,000 ​ $ — ​ $ (904) ​ $ 44,096 Subordinated notes ​ ​ 31,206 ​ ​ — ​ ​ (2,789) ​ ​ 28,417 State and municipal obligations ​ 151,839 ​ ​ 2 ​ (12,512) ​ 139,329 Total debt securities ​ $ 228,045 ​ $ 2 ​ $ (16,205) ​ $ 211,842 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Cost Gains Losses Fair Value ​ ​ (In thousands) Available-for-sale Securities: ​ ​ ​ ​ December 31, 2021: ​ ​ ​ ​ Subordinated notes ​ $ 28,837 ​ $ 76 ​ $ (148) ​ $ 28,765 State and municipal obligations ​ ​ 106,533 ​ ​ 11,015 ​ ​ — ​ ​ 117,548 Total debt securities ​ $ 135,370 ​ $ 11,091 ​ $ (148) ​ $ 146,313 ​ The amortized cost and fair value of available-for-sale securities at September 30, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale ​ ​ Amortized ​ Fair ​ Cost Value ​ ​ (In thousands) Within one year ​ $ — ​ $ — One to five years ​ 45,664 ​ 44,671 Five to ten year ​ 33,474 ​ 30,447 Due after ten years ​ 148,907 ​ 136,724 Totals ​ $ 228,045 ​ $ 211,842 ​ The carrying value of securities pledged to secure public deposits and for other purpose, was $65.9 million and $55.8 million at September 30, 2022 and December 31, 2021, respectively. Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. The total fair value of these investments at September 30, 2022 and December 31, 2021, was $211.3 million and $14.2 million, which represented approximately 87.6% and 10%, respectively, of the Company’s available-for-sale investment portfolio. Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary and are a result on an general increase in longer term interest rates. Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. The following tables show the Company’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months ​ 12 Months or More ​ Total Description of ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized Securities Fair Value Losses Fair Value Losses Fair Value Losses ​ (In thousands) US government agencies ​ $ 44,096 ​ $ (904) ​ $ — ​ $ — ​ $ 44,096 ​ $ (904) Subordinated notes ​ ​ 16,851 ​ ​ (2,063) ​ ​ 4,924 ​ ​ (726) ​ ​ 21,775 ​ ​ (2,789) State and municipal obligations ​ ​ 138,831 ​ ​ (12,512) ​ ​ — ​ ​ — ​ ​ 138,831 ​ ​ (12,512) Total temporarily impaired securities ​ $ 199,778 ​ $ (15,479) ​ $ 4,924 ​ $ (726) ​ $ 204,702 ​ $ (16,205) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months ​ 12 Months or More ​ Total Description of ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized Securities Fair Value Losses Fair Value Losses Fair Value Losses ​ (In thousands) Subordinated notes ​ $ 14,204 ​ $ (148) ​ $ — ​ $ — ​ $ 14,204 ​ $ (148) State and municipal obligations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total temporarily impaired securities ​ $ 14,204 ​ $ (148) ​ $ — ​ $ — ​ $ 14,204 ​ $ (148) ​ The unrealized losses on the Company’s subordinated notes were caused primarily by interest rate changes. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at September 30, 2022 and December 31, 2021. The Company had 189 investments securities that were temporarily impaired at September 30, 2022. During the nine months ended September 30, 2021 the Company sold $11.1 million of State and Municipal securities for a total gain of approximately $1,250,000. The Company did not sell any securities for the nine months ended September 30, 2022

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2022
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	Note 3: Loans and Allowance for Loan Losses Categories of loans include: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 ​ ​ (In thousands) Commercial loans ​ $ 92,470 ​ $ 90,892 Commercial real estate ​ 273,998 ​ 266,777 Residential real estate ​ 95,666 ​ 90,132 Installment loans ​ 6,230 ​ 6,571 ​ ​ ​ ​ ​ ​ ​ Total gross loans ​ 468,364 ​ 454,372 ​ ​ ​ ​ ​ ​ ​ Less allowance for loan losses ​ (2,619) ​ (3,673) ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 465,745 ​ $ 450,699 ​ The risk characteristics of each loan portfolio segment are as follows: Commercial Commercial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and may include a personal guarantee. Short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Commercial Real Estate Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The characteristics of properties securing the Company’s commercial real estate portfolio are diverse, but with geographic location almost entirely in the Company’s market area. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. In general, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate versus nonowner-occupied loans. Residential and Installment Residential and installment loans consist of two segments - residential mortgage loans and personal loans. For residential mortgage loans that are secured by 1-4 family residences and are generally owner-occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Home equity loans are typically secured by a subordinate interest in 1-4 family residences, and consumer personal loans are secured by consumer personal assets, such as automobiles or recreational vehicles. Some installment personal loans are unsecured, such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas, such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. ​ Allowance for Loan Losses and Recorded Investment in Loans As of and for the three and nine month periods ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, July 1, 2022 ​ $ 497 ​ $ 1,219 ​ $ 814 ​ $ 123 ​ $ 2,653 Provision (credit) charged to expense ​ ​ (125) ​ ​ 24 ​ ​ (7) ​ ​ 123 ​ ​ 15 Losses charged off ​ ​ (16) ​ ​ — ​ ​ (2) ​ ​ (38) ​ ​ (56) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 ​ ​ 7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, September 30, 2022 ​ $ 356 ​ $ 1,243 ​ $ 805 ​ $ 215 ​ $ 2,619 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2022 ​ $ 1,046 ​ $ 1,235 ​ $ 1,121 ​ $ 271 ​ $ 3,673 Provision (credit) charged to expense ​ ​ (696) ​ ​ 8 ​ ​ (314) ​ ​ 32 ​ ​ (970) Losses charged off ​ ​ (16) ​ ​ — ​ ​ (2) ​ ​ (112) ​ ​ (130) Recoveries ​ ​ 22 ​ ​ — ​ ​ — ​ ​ 24 ​ ​ 46 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, September 30, 2022 ​ $ 356 ​ $ 1,243 ​ $ 805 ​ $ 215 ​ $ 2,619 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 406 ​ $ — ​ $ — ​ $ 406 Ending balance: collectively evaluated for impairment ​ $ 356 ​ $ 837 ​ $ 805 ​ $ 215 ​ $ 2,213 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ 15 ​ $ 3,792 ​ $ — ​ $ — ​ $ 3,807 Ending balance: collectively evaluated for impairment ​ $ 92,455 ​ $ 270,206 ​ $ 95,666 ​ $ 6,230 ​ $ 464,557 ​ Allowance for Loan Losses and Recorded Investment in Loans As of and for the three and nine month period ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Real Estate ​ Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, July 1, 2021 ​ $ 1,140 ​ $ 1,710 ​ $ 1,353 ​ $ 339 ​ $ 4,542 Provision charged to expense ​ ​ (249) ​ ​ (155) ​ ​ (34) ​ ​ 38 ​ ​ (400) Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (31) ​ ​ (31) Recoveries ​ ​ 3 ​ ​ — ​ ​ — ​ ​ 9 ​ ​ 12 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, September 30, 2021 ​ $ 894 ​ $ 1,555 ​ $ 1,319 ​ $ 355 ​ $ 4,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2021 ​ $ 1,397 ​ $ 1,821 ​ $ 1,471 ​ $ 424 ​ $ 5,113 Provision charged to expense ​ ​ (428) ​ ​ (266) ​ ​ (133) ​ ​ (28) ​ ​ (855) Losses charged off ​ ​ (78) ​ ​ — ​ ​ (26) ​ ​ (69) ​ ​ (173) Recoveries ​ ​ 3 ​ ​ — ​ ​ 7 ​ ​ 28 ​ ​ 38 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, September 30, 2021 ​ $ 894 ​ $ 1,555 ​ $ 1,319 ​ $ 355 ​ $ 4,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 85 ​ $ — ​ $ — ​ $ 85 Ending balance: collectively evaluated for impairment ​ $ 894 ​ $ 1,470 ​ $ 1,319 ​ $ 355 ​ $ 4,038 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 2,640 ​ $ — ​ $ — ​ $ 2,640 Ending balance: collectively evaluated for impairment ​ $ 99,880 ​ $ 263,383 ​ $ 89,280 ​ $ 6,936 ​ $ 459,479 ​ Allowance for Loan Losses and Recorded Investment in Loans As of December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 230 ​ $ –– ​ $ –– ​ $ 230 Ending balance: collectively evaluated for impairment ​ $ 1,046 ​ $ 1,005 ​ $ 1,121 ​ $ 271 ​ $ 3,443 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 3,933 ​ $ — ​ $ — ​ $ 3,933 Ending balance: collectively evaluated for impairment ​ $ 90,892 ​ $ 262,844 ​ $ 90,132 ​ $ 6,571 ​ $ 450,439 ​ The following tables show the portfolio quality indicators. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan Class Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Pass Grade ​ $ 92,455 ​ $ 262,316 ​ $ 95,666 ​ $ 6,230 ​ $ 456,667 Special Mention ​ — ​ 4,100 ​ — ​ — ​ 4,100 Substandard ​ 15 ​ 7,582 ​ — ​ — ​ 7,597 Doubtful ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 92,470 ​ $ 273,998 ​ $ 95,666 ​ $ 6,230 ​ $ 468,364 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan Class Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Pass Grade ​ $ 90,892 ​ $ 254,760 ​ $ 90,132 ​ $ 6,571 ​ $ 442,355 Special Mention ​ — ​ 4,115 ​ — ​ — ​ 7,943 Substandard ​ — ​ 7,902 ​ — ​ — ​ 4,074 Doubtful ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 90,892 ​ $ 266,777 ​ $ 90,132 ​ $ 6,571 ​ $ 454,372 ​ To facilitate the monitoring of credit quality within the loan portfolio, and for purposes of analyzing historical loss rates used in the determination of the ALLL, the Company utilizes the following categories of credit grades: pass, special mention, substandard, and doubtful. The four categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated periodically thereafter. Pass ratings, which are assigned to those borrowers that do not have identified potential or well defined weaknesses and for which there is a high likelihood of orderly repayment, are updated periodically based on the size and credit characteristics of the borrower. All other categories are updated on at least a quarterly basis. The Company assigns a special mention rating to loans that have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the loan or the Company’s credit position. The Company assigns a substandard rating to loans that are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. Substandard loans have well defined weaknesses or weaknesses that could jeopardize the orderly repayment of the debt. Loans and leases in this grade also are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies noted are not addressed and corrected. The Company assigns a doubtful rating to loans that have all the attributes of a substandard rating with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors that may work to the advantage of and strengthen the credit quality of the loan or lease, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors may include a proposed merger or acquisition, liquidation proceeding, capital injection, perfecting liens on additional collateral or refinancing plans. The Company evaluates the loan risk grading system definitions and allowance for loan losses methodology on an ongoing basis. No significant changes were made to either during the current and past year to date periods presented. Loan Portfolio Aging Analysis As of September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 Days ​ 60 ‑ 89 Days ​ Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ Than 90 Days ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ and ​ and ​ and ​ ​ ​ Due and ​ ​ ​ ​ Total Loans ​ Accruing Accruing Accruing Non Accrual Non Accrual Current Receivable ​ ​ (In thousands) Commercial ​ $ 92 ​ $ — ​ $ — ​ $ 15 ​ $ 107 ​ $ 92,363 ​ $ 92,470 Commercial real estate ​ 159 ​ — ​ — ​ 3,792 ​ 3,951 ​ 270,047 ​ 273,998 Residential ​ 126 ​ 19 ​ — ​ 211 ​ 356 ​ 95,310 ​ 95,666 Installment ​ 2 ​ — ​ — ​ — ​ 2 ​ 6,228 ​ 6,230 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 379 ​ $ 19 ​ $ — ​ $ 4,018 ​ $ 4,416 ​ $ 463,948 ​ $ 468,364 ​ Loan Portfolio Aging Analysis As of December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 Days ​ 60 ‑ 89 Days ​ Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ Than 90 Days ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ and ​ and ​ and ​ ​ ​ Due and ​ ​ ​ ​ Total Loans ​ Accruing Accruing Accruing Non Accrual Non Accrual Current Receivable ​ ​ (In thousands) Commercial ​ $ 63 ​ $ — ​ $ — ​ $ — ​ $ 63 ​ $ 90,829 ​ $ 90,892 Commercial real estate ​ 220 ​ — ​ — ​ 3,818 ​ 4,038 ​ 262,739 ​ 266,777 Residential ​ 22 ​ — ​ — ​ 391 ​ 413 ​ 89,719 ​ 90,132 Installment ​ 40 ​ — ​ — ​ — ​ 40 ​ 6,531 ​ 6,571 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 345 ​ $ — ​ $ — ​ $ 4,209 ​ $ 4,554 ​ $ 449,818 ​ $ 454,372 ​ A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming commercial loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. Impaired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ ​ As of September 30, 2022 ​ September 30, 2022 ​ September 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Investment in ​ Income ​ Investment in ​ Income ​ Balance Balance Allowance Impaired Loans Recognized Impaired Loans Recognized ​ ​ (In thousands) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 15 ​ $ 30 ​ $ — ​ $ 30 ​ $ 1 ​ $ 31 ​ $ 1 Commercial real estate ​ 2,839 ​ 2,839 ​ — ​ 2,844 ​ — ​ 2,842 ​ — Residential ​ — ​ — ​ — ​ — ​ — ​ — ​ — Installment ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 2,854 ​ 2,869 ​ — ​ 2,844 ​ 1 ​ 2,873 ​ 1 Loans with a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Commercial real estate ​ 953 ​ 953 ​ 406 ​ 983 ​ — ​ 983 ​ 30 Residential ​ — ​ — ​ — ​ — ​ — ​ — ​ –– Installment ​ –– ​ –– ​ –– ​ –– ​ — ​ — ​ — ​ ​ ​ 953 ​ ​ 953 ​ ​ 406 ​ ​ 983 ​ ​ — ​ ​ 983 ​ ​ 30 Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 15 ​ $ 30 ​ $ — ​ $ 30 ​ $ 1 ​ $ 31 ​ $ 1 Commercial real estate ​ $ 3,792 ​ $ 3,792 ​ $ 406 ​ $ 3,827 ​ $ — ​ $ 3,825 ​ $ 30 Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Installment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Impaired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ ​ As of December 31, 2021 ​ September 30, 2021 ​ September 30, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Investment in ​ Income ​ Investment in ​ Income ​ Balance Balance Allowance Impaired Loans Recognized Impaired Loans Recognized ​ ​ (In thousands) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ 128 ​ 128 ​ — ​ 158 ​ 2 ​ 156 ​ 3 Residential ​ — ​ — ​ — ​ — ​ — ​ — ​ — Installment ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 128 ​ 128 ​ — ​ 158 ​ 2 ​ 156 ​ 3 Loans with a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Commercial real estate ​ 3,805 ​ 3,805 ​ 230 ​ 2,489 ​ — ​ 2,489 ​ — Residential ​ — ​ — ​ — ​ — ​ — ​ — ​ — Installment ​ –– ​ –– ​ –– ​ –– ​ –– ​ –– ​ — ​ ​ 3,805 ​ ​ 3,805 ​ ​ 230 ​ ​ 2,489 ​ ​ — ​ 2,489 ​ — Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ $ 3,933 ​ $ 3,933 ​ $ 230 ​ $ 85 ​ $ 2 ​ $ 2,645 ​ $ 3 Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Installment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Interest income recognized on a cash basis was not materiality different than interest income recognized. For the TDRs noted in the tables below, the Company extended the maturity dates and granted interest rate concessions as part of each of those loan restructurings. The loans included in the tables are considered impaired and specific loss calculations are performed on the individual loans. In conjunction with the restructuring there were no amounts charged-off. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ended September 30, 2022 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate — ​ — ​ — Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ — ​ — ​ — ​ — Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months ended September 30, 2022 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate 1 ​ 48 ​ 48 Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ 1 ​ 1 ​ — ​ 1 Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ended September 30, 2021 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate — ​ — ​ — Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ — ​ — ​ — ​ — Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months ended September 30, 2021 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate — ​ — ​ — Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ — ​ — ​ — ​ — Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ During the nine months ended September 30, 2022 and 2021 troubled debt restructurings did not have an impact on the allowance for loan losses. At September 30, 2022 and 2021 and for three and nine month periods then ended, there were no defaults of any troubled debt restructurings that were modified in the last 12 months. The Company generally considers TDR’s that become 90 days or more past due under the modified terms as subsequently defaulted.

Benefit Plans

Benefit Plans	9 Months Ended
	Sep. 30, 2022
Benefit Plans
Benefit Plans	Note 4: Benefit Plans Pension expense includes the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ 2022 2021 2022 2021 ​ ​ (In thousands) Service cost ​ $ 130 ​ $ 132 ​ $ 390 ​ $ 396 Interest cost ​ 68 ​ 60 ​ 204 ​ 180 Expected return on assets ​ (144) ​ (122) ​ (432) ​ (366) Amortization of prior service cost and net loss ​ 24 ​ 45 ​ 72 ​ 135 ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension expense ​ $ 78 ​ $ 115 ​ $ 234 ​ $ 345 ​

Off-balance-sheet Activities

Off-balance-sheet Activities	9 Months Ended
	Sep. 30, 2022
Off-balance-sheet Activities
Off-balance-sheet Activities	Note 5: Off-balance-sheet Activities Some financial instruments, such as loan commitments, credit lines, letters of credit and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contracts are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. A summary of the notional or contractual amounts of financial instruments with off-balance-sheet risk at the indicated dates is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2022 ​ 2021 ​ ​ (In thousands) Commercial loans unused lines of credit ​ $ 79,044 ​ $ 78,148 Commitment to originate loans ​ 77,769 ​ 75,832 Consumer open end lines of credit ​ 38,110 ​ 39,622 Standby lines of credit ​ 241 ​ 127 ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	Note 6: Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss), included in stockholders’ equity, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2022 ​ 2021 ​ ​ (In thousands) Net unrealized gain (loss) on securities available-for-sale ​ $ (16,203) ​ $ 10,943 Net unrealized loss for unfunded status of defined benefit plan liability ​ (2,127) ​ (2,127) ​ ​ ​ (18,330) ​ ​ 8,816 Tax effect ​ 3,850 ​ (1,852) Net-of-tax amount ​ $ (14,480) ​ $ 6,964 ​

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements
Fair Value Measurements	Note 7: Fair Value Measurements The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company also utilizes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Level 2 Level 3 Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such instruments pursuant to the valuation hierarchy. Available-for-sale Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based or independently sourced market parameters, including, but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows. Such securities are classified in Level 2 of the valuation hierarchy. The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ ​ Fair Value ​ (Level 1) ​ (Level 2) ​ (Level 3) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies ​ $ 44,096 ​ $ — ​ $ 44,096 ​ $ — Subordinated Notes ​ $ 28,417 ​ $ — ​ $ 28,417 ​ $ — State and municipal obligations ​ $ 139,329 ​ $ — ​ $ 139,329 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ Subordinated Notes ​ $ 28,765 ​ $ — ​ $ 28,765 ​ $ — State and municipal obligations ​ $ 117,548 ​ $ — ​ $ 117,548 ​ $ — ​ Following is a description of the valuation methodologies used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. Impaired Loans (Collateral Dependent) Collateral dependent impaired loans consisted primarily of loans secured by nonresidential real estate. Management has determined fair value measurements on impaired loans primarily through evaluations of appraisals performed. Due to the nature of the valuation inputs, impaired loans are classified within Level 3 of the hierarchy. The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary by the Company’s Chief Lender. Appraisals are reviewed for accuracy and consistency by the Company’s Chief Lender. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by the Company’s Chief Lender by comparison to historical results. Foreclosed Assets Held for Sale Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value (based on current appraised value) at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Management has determined fair value measurements on other real estate owned primarily through evaluations of appraisals performed, and current and past offers. Due to the nature of the valuation inputs, foreclosed assets held for sale are classified within Level 3 of the hierarchy. Appraisals of foreclosed assets held for sale are obtained when the real estate is acquired and subsequently as deemed necessary by the Company’s Chief Lender. Appraisals are reviewed for accuracy and consistency by the Company’s Chief Lender and are selected from the list of approved appraisers maintained by management. The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ (In thousands) September 30, 2022 ​ ​ ​ ​ Collateral dependent impaired loans ​ $ 547 ​ $ — ​ $ — ​ $ 547 Foreclosed assets held for sale ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ Collateral dependent impaired loans ​ $ 2,822 ​ $ — ​ $ — ​ $ 2,822 Foreclosed assets held for sale ​ — ​ — ​ — ​ — ​ Unobservable (Level 3) Inputs The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at Valuation Unobservable ​ ​ ​ 9/30/22 ​ Technique ​ Inputs ​ Range ​ ​ (In thousands) Collateral-dependent impaired loans ​ $ 547 Market comparable properties Marketability discount 10% – 25% Foreclosed assets held for sale ​ $ — Market comparable properties Marketability discount 10% – 35% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at Valuation Unobservable ​ ​ ​ 12/31/21 ​ Technique ​ Inputs ​ Range ​ ​ (In thousands) Collateral-dependent impaired loans ​ $ 2,822 Market comparable properties Comparability adjustments 5% – 10% Foreclosed assets held for sale ​ $ — Market comparable properties Marketability discount 10% – 35% ​ There were no significant changes in the valuation techniques used during 2022 and 2021. The following table presents estimated fair values of the Company’s financial instruments not required to be reported at fair value. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Because no market exists for certain of these financial instruments and because management does not intend to sell these financial instruments, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ Assets ​ Inputs ​ Inputs ​ ​ Amount ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ (In thousands) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 35,297 ​ $ 35,297 ​ $ — ​ $ — Loans, net of allowance ​ 465,745 ​ — ​ — ​ 453,547 Federal Home Loan Bank stock ​ 2,499 ​ — ​ 2,499 ​ — Accrued interest receivable ​ 3,078 ​ — ​ 3,078 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 650,101 ​ — ​ 647,065 ​ — Short term borrowings ​ 28,113 ​ — ​ 28,113 ​ — Subordinated debentures ​ ​ 23,711 ​ ​ — ​ ​ 24,415 ​ ​ — Interest payable ​ 524 ​ — ​ 524 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ Assets ​ Inputs ​ Inputs ​ ​ Amount ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ (In thousands) December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 82,999 ​ $ 82,999 ​ $ — ​ $ — Loans, net of allowance ​ 450,699 ​ — ​ — ​ 459,031 Federal Home Loan Bank stock ​ 3,704 ​ — ​ 3,704 ​ — Accrued interest receivable ​ 2,345 ​ — ​ 2,345 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 605,136 ​ — ​ 605,855 ​ — Short term borrowings ​ 15,701 ​ — ​ 15,701 ​ — Federal Home Loan Bank Advances ​ — ​ — ​ — ​ — Subordinated debentures ​ 23,665 ​ — ​ 23,575 ​ — Interest payable ​ 180 ​ — ​ 180 ​ — ​ The following methods and assumptions were used to estimate the fair value of each class of financial instruments. Cash and Cash Equivalents, Accrued Interest Receivable and Federal Home Loan Bank Stock The carrying amounts approximate fair value. Loans Fair values of loans and leases are estimated on an exit price basis incorporating discounts for credit, liquidity and marketability factors. Deposits Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates fair value. The fair value of fixed-maturity time deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities. Interest Payable The carrying amount approximates fair value. Short-term Borrowings, Federal Home Loan Bank Advances and Subordinated Debentures Rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate the fair value of existing debt. Commitments to Originate Loans, Letters of Credit and Lines of Credit The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. Fair values of commitments were not material at September 30, 2022 and December 31, 2021.

Repurchase Agreements

Repurchase Agreements	9 Months Ended
	Sep. 30, 2022
Repurchase Agreements
Repurchase Agreements	Note 8: Repurchase Agreements Securities sold under agreements to repurchase (“repurchase agreements”) with customers represent funds deposited by customers, generally on an overnight basis that are collateralized by investment securities owned by the Company. At September 30, 2022 and December 31, 2021, repurchase agreement borrowings totaled $28,113,000 and $15,701,000, respectively and are included in short-term borrowings on the consolidated condensed balance sheets. All repurchase agreements are subject to term and conditions of repurchase/security agreements between the Company and the customer and are accounted for as secured borrowings. The Company’s repurchase agreements reflected in short-term borrowings, consist of customer accounts and securities which are pledged on an individual security basis. The following table presents the Company’s repurchase agreements accounted for as secured borrowings: Remaining Contractual Maturity of the Agreement (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Overnight and ​ ​ ​ Greater than ​ ​ September 30, 2022 ​ Continuous ​ Up to 30 Days ​ 30 ‑ 90 Days ​ 90 Days ​ Total Repurchase Agreements ​ ​ ​ ​ ​ U.S. government agencies ​ $ 28,113 ​ $ — ​ $ — ​ $ — ​ $ 28,113 Total ​ $ 28,113 ​ $ — ​ $ — ​ $ — ​ $ 28,113 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Overnight and ​ ​ ​ ​ Greater than ​ ​ December 31, 2021 ​ Continuous ​ Up to 30 Days ​ 30 ‑ 90 Days ​ 90 Days ​ Total Repurchase Agreements ​ ​ ​ ​ ​ State and municipal obligations ​ $ 15,701 ​ $ — ​ $ — ​ $ — ​ $ 15,701 Total ​ $ 15,701 ​ $ — ​ $ — ​ $ — ​ $ 15,701 ​ These borrowings were collateralized with U.S. government and agency securities with a carrying value of $40.6 million at September 30, 2022 and $37.5 million at December 31, 2021. Declines in the fair value would require the Company to pledge additional securities.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets
Goodwill and Intangible Assets	Note 9: Goodwill and Intangible Assets The following table shows the changes in the carrying amount of goodwill for September 30, 2022 and December 31, 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2022 ​ 2021 ​ Balance beginning of year ​ $ 682 ​ $ 682 ​ Additions from acquisition ​ — ​ — Balance, end of period ​ $ 682 ​ $ 682 ​ ​ Intangible assets in the consolidated balance sheets at September 30, 2022 and December 31, 2021 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ Year Ended December 31, 2021 ​ ​ Gross ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ Intangible ​ Accumulated ​ Net Intangible ​ Intangible ​ Accumulated ​ Net Intangible ​ Assets Amortization Assets Assets Amortization Assets Core deposit intangibles ​ $ 1,041 594 447 1,041 ​ 481 560 ​ The estimated aggregate future amortization expense for each of the next four years for intangible assets remaining as of September 30, 2022 is as follows (in thousands): ​ ​ ​ ​ 2022 $ 37 2023 150 2024 150 2025 ​ 110 ​ At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. Given the current economic uncertainty and volatility surrounding COVID-19, the Company assessed whether the events and circumstances resulted in it being more likely than not that the fair value of any reporting unit was less than its carrying value. Impairment indicators considered comprised the condition of the economy and banking industry; government intervention and regulatory updates; the impact of recent events to financial performance and cost factors of the reporting unit; performance of the Company’s stock and other relevant events. The Company further considered the amount by which fair value exceeded book value in the most recent quantitative analysis and sensitivities performed. At the conclusion of the assessment, the Company determined that as of September 30, 2022 it was more likely than not that the fair value exceeded its carrying values. The Company will continue to monitor developments regarding the COVID-19 pandemic and measures implemented in response to the pandemic, market capitalization, overall economic conditions and any other triggering events or circumstances that may indicate an impairment of goodwill in the future.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of United Bancorp, Inc. (“United” or “the Company”) and its wholly-owned subsidiary, Unified Bank of Martins Ferry, Ohio (“the Bank”). All intercompany transactions and balances have been eliminated in consolidation.
Nature of Operations	Nature of Operations The Company’s revenues, operating income and assets are almost exclusively derived from banking. Accordingly, all of the Company’s banking operations are considered by management to be aggregated in one reportable operating segment. Customers are mainly located in Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas Counties and the surrounding localities in northeastern, east-central and southeastern Ohio and include a wide range of individuals, businesses and other organizations. Unified Bank conducts its business through its main office in Martins Ferry, Ohio and branches in Bridgeport, Colerain, Dellroy, Dover, Glouster, Jewett, Lancaster Downtown, Lancaster East, Nelsonville, New Philadelphia, Powhatan, St. Clairsville East, St. Clairsville West, Sherrodsville, Strasburg, Tiltonsville, Ohio and Moudsville, West Virginia. The Company’s primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets and real estate and are not considered “sub prime” type loans. The targeted lending areas of our Bank operations encompass four separate metropolitan areas, minimizing the risk to changes in economic conditions in the communities housing the Company’s branch locations. Commercial loans are expected to be repaid from cash flow from operations of businesses. Real estate loans are secured by both residential and commercial real estate. Net interest income is affected by the relative amount of interest-earning assets and interest-bearing liabilities and the interest received or paid on these balances. The level of interest rates paid or received by the Company can be significantly influenced by a number of environmental factors, such as governmental monetary and fiscal policies, that are outside of management’s control.
Revenue Recognition	Revenue Recognition Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, investment securities, as well as revenue related to our mortgage banking activities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. Descriptions of our revenue-generating activities that are within the scope of ASC 606, which are presented in our income statements as components of non-interest income are as follows: Service charges on deposit accounts - these represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payment for such performance obligations are generally received at the time the performance obligations are satisfied.
Use of Estimates	Use of Estimates To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided and future results could differ. The allowance for loan losses and fair values of financial instruments are particularly subject to change.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. For all loan classes, the accrual of interest is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. For all loan classes, the entire balance of the loan is considered past due if the minimum payment contractually required to be paid is not received by the contractual due date. For all loan classes, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. Management’s general practice is to proactively charge down loans individually evaluated for impairment to the fair value of the underlying collateral. Consistent with regulatory guidance, charge-offs on all loan segments are taken when specific loans, or portions thereof, are considered uncollectible. The Company’s policy is to promptly charge these loans off in the period the uncollectible loss is reasonably determined. For all loan portfolio segments except residential and consumer loans, the Company promptly charges-off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Company charges-off residential and consumer loans when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance which provides for the charge-down of 1-4 family first and junior lien mortgages to the net realizable value less costs to sell when the loan is 120 days past due, charge-off of unsecured open-end loans when the loan is 120 days past due, and charge down to the net realizable value when other secured loans are 120 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. For all classes, all interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost- recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. When cash payments are received on impaired loans in each loan class, the Company records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan. Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms, no principal reduction has been granted and the loan has demonstrated the ability to perform in accordance with the renegotiated terms for a period of at least six months.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans and is based on historical charge-off experience by segment. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior five years. Management believes the five year historical loss experience methodology is appropriate in the current economic environment. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due based on the loan’s current payment status and the borrower’s financial condition including available sources of cash flows. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for non-homogenous type loans such as commercial, non-owner residential and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. For impaired loans where the Company utilizes the discounted cash flows to determine the level of impairment, the Company includes the entire change in the present value of cash flows as bad debt expense. The fair values of collateral dependent impaired loans are based on independent appraisals of the collateral. In general, the Company acquires an updated appraisal upon identification of impairment and annually thereafter for commercial, commercial real estate and multi-family loans. If the most recent appraisal is over a year old, and a new appraisal is not performed, due to lack of comparable values or other reasons, the existing appraisal is utilized and discounted generally 10% - 35% based on the age of the appraisal, condition of the subject property, and overall economic conditions. After determining the collateral value as described, the fair value is calculated based on the determined collateral value less selling expenses. The potential for outdated appraisal values is considered in our determination of the allowance for loan losses through our analysis of various trends and conditions including the local economy, trends in charge-offs and delinquencies, etc. and the related qualitative adjustments assigned by the Company. Segments of loans with similar risk characteristics are collectively evaluated for impairment based on the segment’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. In the course of working with borrowers, the Company may choose to restructure the contractual terms of certain loans. In this scenario, the Company attempts to work-out an alternative payment schedule with the borrower in order to optimize collectability of the loan. Any loans that are modified are reviewed by the Company to identify if a troubled debt restructuring (“TDR”) has occurred, which is when, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider. Terms may be modified to fit the ability of the borrower to repay in line with its current financial status and the restructuring of the loan may include the transfer of assets from the borrower to satisfy the debt, a modification of loan terms, or a combination of the two. If such efforts by the Company do not result in a satisfactory arrangement, the loan is referred to legal counsel, at which time foreclosure proceedings are initiated. At any time prior to a sale of the property at foreclosure, the Company may terminate foreclosure proceedings if the borrower is able to work-out a satisfactory payment plan. It is the Company’s policy to have any restructured loans which are on nonaccrual status prior to being restructured remain on nonaccrual status until six months of satisfactory borrower performance at which time management would consider its return to accrual status. If a loan was accruing at the time of restructuring, the Company reviews the loan to determine if it is appropriate to continue the accrual of interest on the restructured loan. With regard to determination of the amount of the allowance for credit losses, trouble debt restructured loans are considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings is the same as detailed previously.
Earnings Per Share	Earnings Per Share Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during each period. Diluted earnings per share reflects additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock awards and are determined using the treasury stock method. Treasury stock shares, deferred compensation shares and unearned ESOP shares are not deemed outstanding for earnings per share calculations. Earnings per share (EPS) were computed as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022 ​ ​ ​ ​ ​ Weighted- ​ Per ​ ​ Net ​ Average ​ Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 2,303 ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (61) ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (40) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 2,202 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,488,121 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ $ 0.40 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Net ​ Average ​ Per Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 2,902 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (114) ​ ​ ​ ​ Less dividends on non-vested restricted stock ​ ​ (49) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 2,739 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,478,496 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 0.50 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ ​ ​ ​ ​ Weighted- ​ Per ​ ​ Net ​ Average ​ Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 6,351 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (124) ​ ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (161) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 6,066 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,482,865 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 1.11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Average ​ Per Share ​ Net Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 6,995 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (211) ​ ​ ​ ​ Less dividends on non-vested restricted stock ​ ​ (173) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 6,611 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,476,359 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 1.21
Income Taxes	Income Taxes The Company is subject to income taxes in the U.S. federal jurisdiction, as well as various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for the years before 2018.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments.” For purchased financial assets with a more-than-insignificant amount of credit deterioration since origination (“PCD assets”) that are measured at amortized cost, the initial allowance for credit losses is added to the purchase price rather than being reported as a credit loss expense. Subsequent changes in the allowance for credit losses on PCD assets are recognized through the statement of income as a credit loss expense. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses rather than as a direct write-down to the security. On October 16, 2019, FASB approved a final ASU delaying the effective date of ASU 2016-13 for small reporting companies to interim and annual periods beginning after December 15, 2022. The Company is currently evaluating the impact of these amendments to the Company’s financial position and results of operations and currently does not know or cannot reasonably quantify the impact of the adoption of the amendments as a result of the complexity and extensive changes from the amendments. The Allowance for Loan Losses (ALL) estimate is material to the Company and given the change from an incurred loss model to a methodology that considers the credit loss over the life of the loan, there is the potential for an increase in the ALL at adoption date. The Company is anticipating a significant change in the processes and procedures to calculate the ALL, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. In addition, the current accounting policy and procedures for the other-than-temporary impairment on available-for-sale securities will be replaced with an allowance approach. It is anticipate the Company will use the Weighted-Average Remaining Maturity (WARM) method upon adoption of ASU No. 2016-13. The Company continues to run projections and review segmentation to ensure it is fully compliant with the amendments at adoption date. For additional information on the allowance for loan losses, see Note 3.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Summary of Significant Accounting Policies
Schedule of earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022 ​ ​ ​ ​ ​ Weighted- ​ Per ​ ​ Net ​ Average ​ Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 2,303 ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (61) ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (40) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 2,202 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,488,121 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ $ 0.40 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Net ​ Average ​ Per Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 2,902 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (114) ​ ​ ​ ​ Less dividends on non-vested restricted stock ​ ​ (49) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 2,739 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,478,496 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 0.50 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ ​ ​ ​ ​ Weighted- ​ Per ​ ​ Net ​ Average ​ Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 6,351 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (124) ​ ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (161) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 6,066 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,482,865 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 1.11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Average ​ Per Share ​ Net Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 6,995 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (211) ​ ​ ​ ​ Less dividends on non-vested restricted stock ​ ​ (173) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 6,611 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,476,359 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 1.21

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Securities
Schedule of amortized cost and approximate fair values, together with gross unrealized gains and losses of securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Cost Gains Losses Fair Value ​ ​ (In thousands) Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022: ​ ​ ​ ​ U.S. government agencies ​ $ 45,000 ​ $ — ​ $ (904) ​ $ 44,096 Subordinated notes ​ ​ 31,206 ​ ​ — ​ ​ (2,789) ​ ​ 28,417 State and municipal obligations ​ 151,839 ​ ​ 2 ​ (12,512) ​ 139,329 Total debt securities ​ $ 228,045 ​ $ 2 ​ $ (16,205) ​ $ 211,842 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Cost Gains Losses Fair Value ​ ​ (In thousands) Available-for-sale Securities: ​ ​ ​ ​ December 31, 2021: ​ ​ ​ ​ Subordinated notes ​ $ 28,837 ​ $ 76 ​ $ (148) ​ $ 28,765 State and municipal obligations ​ ​ 106,533 ​ ​ 11,015 ​ ​ — ​ ​ 117,548 Total debt securities ​ $ 135,370 ​ $ 11,091 ​ $ (148) ​ $ 146,313
Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale ​ ​ Amortized ​ Fair ​ Cost Value ​ ​ (In thousands) Within one year ​ $ — ​ $ — One to five years ​ 45,664 ​ 44,671 Five to ten year ​ 33,474 ​ 30,447 Due after ten years ​ 148,907 ​ 136,724 Totals ​ $ 228,045 ​ $ 211,842
Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months ​ 12 Months or More ​ Total Description of ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized Securities Fair Value Losses Fair Value Losses Fair Value Losses ​ (In thousands) US government agencies ​ $ 44,096 ​ $ (904) ​ $ — ​ $ — ​ $ 44,096 ​ $ (904) Subordinated notes ​ ​ 16,851 ​ ​ (2,063) ​ ​ 4,924 ​ ​ (726) ​ ​ 21,775 ​ ​ (2,789) State and municipal obligations ​ ​ 138,831 ​ ​ (12,512) ​ ​ — ​ ​ — ​ ​ 138,831 ​ ​ (12,512) Total temporarily impaired securities ​ $ 199,778 ​ $ (15,479) ​ $ 4,924 ​ $ (726) ​ $ 204,702 ​ $ (16,205) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months ​ 12 Months or More ​ Total Description of ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized Securities Fair Value Losses Fair Value Losses Fair Value Losses ​ (In thousands) Subordinated notes ​ $ 14,204 ​ $ (148) ​ $ — ​ $ — ​ $ 14,204 ​ $ (148) State and municipal obligations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total temporarily impaired securities ​ $ 14,204 ​ $ (148) ​ $ — ​ $ — ​ $ 14,204 ​ $ (148)

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2022
Loans and Allowance for Loan Losses
Schedule of categories of loans	Categories of loans include: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 ​ ​ (In thousands) Commercial loans ​ $ 92,470 ​ $ 90,892 Commercial real estate ​ 273,998 ​ 266,777 Residential real estate ​ 95,666 ​ 90,132 Installment loans ​ 6,230 ​ 6,571 ​ ​ ​ ​ ​ ​ ​ Total gross loans ​ 468,364 ​ 454,372 ​ ​ ​ ​ ​ ​ ​ Less allowance for loan losses ​ (2,619) ​ (3,673) ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 465,745 ​ $ 450,699
Schedule of allowance for loan losses and recorded investment in loans	Allowance for Loan Losses and Recorded Investment in Loans As of and for the three and nine month periods ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, July 1, 2022 ​ $ 497 ​ $ 1,219 ​ $ 814 ​ $ 123 ​ $ 2,653 Provision (credit) charged to expense ​ ​ (125) ​ ​ 24 ​ ​ (7) ​ ​ 123 ​ ​ 15 Losses charged off ​ ​ (16) ​ ​ — ​ ​ (2) ​ ​ (38) ​ ​ (56) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 ​ ​ 7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, September 30, 2022 ​ $ 356 ​ $ 1,243 ​ $ 805 ​ $ 215 ​ $ 2,619 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2022 ​ $ 1,046 ​ $ 1,235 ​ $ 1,121 ​ $ 271 ​ $ 3,673 Provision (credit) charged to expense ​ ​ (696) ​ ​ 8 ​ ​ (314) ​ ​ 32 ​ ​ (970) Losses charged off ​ ​ (16) ​ ​ — ​ ​ (2) ​ ​ (112) ​ ​ (130) Recoveries ​ ​ 22 ​ ​ — ​ ​ — ​ ​ 24 ​ ​ 46 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, September 30, 2022 ​ $ 356 ​ $ 1,243 ​ $ 805 ​ $ 215 ​ $ 2,619 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 406 ​ $ — ​ $ — ​ $ 406 Ending balance: collectively evaluated for impairment ​ $ 356 ​ $ 837 ​ $ 805 ​ $ 215 ​ $ 2,213 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ 15 ​ $ 3,792 ​ $ — ​ $ — ​ $ 3,807 Ending balance: collectively evaluated for impairment ​ $ 92,455 ​ $ 270,206 ​ $ 95,666 ​ $ 6,230 ​ $ 464,557 ​ Allowance for Loan Losses and Recorded Investment in Loans As of and for the three and nine month period ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Real Estate ​ Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, July 1, 2021 ​ $ 1,140 ​ $ 1,710 ​ $ 1,353 ​ $ 339 ​ $ 4,542 Provision charged to expense ​ ​ (249) ​ ​ (155) ​ ​ (34) ​ ​ 38 ​ ​ (400) Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (31) ​ ​ (31) Recoveries ​ ​ 3 ​ ​ — ​ ​ — ​ ​ 9 ​ ​ 12 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, September 30, 2021 ​ $ 894 ​ $ 1,555 ​ $ 1,319 ​ $ 355 ​ $ 4,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2021 ​ $ 1,397 ​ $ 1,821 ​ $ 1,471 ​ $ 424 ​ $ 5,113 Provision charged to expense ​ ​ (428) ​ ​ (266) ​ ​ (133) ​ ​ (28) ​ ​ (855) Losses charged off ​ ​ (78) ​ ​ — ​ ​ (26) ​ ​ (69) ​ ​ (173) Recoveries ​ ​ 3 ​ ​ — ​ ​ 7 ​ ​ 28 ​ ​ 38 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, September 30, 2021 ​ $ 894 ​ $ 1,555 ​ $ 1,319 ​ $ 355 ​ $ 4,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 85 ​ $ — ​ $ — ​ $ 85 Ending balance: collectively evaluated for impairment ​ $ 894 ​ $ 1,470 ​ $ 1,319 ​ $ 355 ​ $ 4,038 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 2,640 ​ $ — ​ $ — ​ $ 2,640 Ending balance: collectively evaluated for impairment ​ $ 99,880 ​ $ 263,383 ​ $ 89,280 ​ $ 6,936 ​ $ 459,479 ​ Allowance for Loan Losses and Recorded Investment in Loans As of December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 230 ​ $ –– ​ $ –– ​ $ 230 Ending balance: collectively evaluated for impairment ​ $ 1,046 ​ $ 1,005 ​ $ 1,121 ​ $ 271 ​ $ 3,443 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 3,933 ​ $ — ​ $ — ​ $ 3,933 Ending balance: collectively evaluated for impairment ​ $ 90,892 ​ $ 262,844 ​ $ 90,132 ​ $ 6,571 ​ $ 450,439 ​
Schedule of portfolio quality indicators	The following tables show the portfolio quality indicators. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan Class Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Pass Grade ​ $ 92,455 ​ $ 262,316 ​ $ 95,666 ​ $ 6,230 ​ $ 456,667 Special Mention ​ — ​ 4,100 ​ — ​ — ​ 4,100 Substandard ​ 15 ​ 7,582 ​ — ​ — ​ 7,597 Doubtful ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 92,470 ​ $ 273,998 ​ $ 95,666 ​ $ 6,230 ​ $ 468,364 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan Class Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Pass Grade ​ $ 90,892 ​ $ 254,760 ​ $ 90,132 ​ $ 6,571 ​ $ 442,355 Special Mention ​ — ​ 4,115 ​ — ​ — ​ 7,943 Substandard ​ — ​ 7,902 ​ — ​ — ​ 4,074 Doubtful ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 90,892 ​ $ 266,777 ​ $ 90,132 ​ $ 6,571 ​ $ 454,372
Schedule of loan portfolio aging analysis	Loan Portfolio Aging Analysis As of September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 Days ​ 60 ‑ 89 Days ​ Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ Than 90 Days ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ and ​ and ​ and ​ ​ ​ Due and ​ ​ ​ ​ Total Loans ​ Accruing Accruing Accruing Non Accrual Non Accrual Current Receivable ​ ​ (In thousands) Commercial ​ $ 92 ​ $ — ​ $ — ​ $ 15 ​ $ 107 ​ $ 92,363 ​ $ 92,470 Commercial real estate ​ 159 ​ — ​ — ​ 3,792 ​ 3,951 ​ 270,047 ​ 273,998 Residential ​ 126 ​ 19 ​ — ​ 211 ​ 356 ​ 95,310 ​ 95,666 Installment ​ 2 ​ — ​ — ​ — ​ 2 ​ 6,228 ​ 6,230 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 379 ​ $ 19 ​ $ — ​ $ 4,018 ​ $ 4,416 ​ $ 463,948 ​ $ 468,364 ​ Loan Portfolio Aging Analysis As of December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 Days ​ 60 ‑ 89 Days ​ Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ Than 90 Days ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ and ​ and ​ and ​ ​ ​ Due and ​ ​ ​ ​ Total Loans ​ Accruing Accruing Accruing Non Accrual Non Accrual Current Receivable ​ ​ (In thousands) Commercial ​ $ 63 ​ $ — ​ $ — ​ $ — ​ $ 63 ​ $ 90,829 ​ $ 90,892 Commercial real estate ​ 220 ​ — ​ — ​ 3,818 ​ 4,038 ​ 262,739 ​ 266,777 Residential ​ 22 ​ — ​ — ​ 391 ​ 413 ​ 89,719 ​ 90,132 Installment ​ 40 ​ — ​ — ​ — ​ 40 ​ 6,531 ​ 6,571 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 345 ​ $ — ​ $ — ​ $ 4,209 ​ $ 4,554 ​ $ 449,818 ​ $ 454,372
Schedule of impaired loans	Impaired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ ​ As of September 30, 2022 ​ September 30, 2022 ​ September 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Investment in ​ Income ​ Investment in ​ Income ​ Balance Balance Allowance Impaired Loans Recognized Impaired Loans Recognized ​ ​ (In thousands) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 15 ​ $ 30 ​ $ — ​ $ 30 ​ $ 1 ​ $ 31 ​ $ 1 Commercial real estate ​ 2,839 ​ 2,839 ​ — ​ 2,844 ​ — ​ 2,842 ​ — Residential ​ — ​ — ​ — ​ — ​ — ​ — ​ — Installment ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 2,854 ​ 2,869 ​ — ​ 2,844 ​ 1 ​ 2,873 ​ 1 Loans with a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Commercial real estate ​ 953 ​ 953 ​ 406 ​ 983 ​ — ​ 983 ​ 30 Residential ​ — ​ — ​ — ​ — ​ — ​ — ​ –– Installment ​ –– ​ –– ​ –– ​ –– ​ — ​ — ​ — ​ ​ ​ 953 ​ ​ 953 ​ ​ 406 ​ ​ 983 ​ ​ — ​ ​ 983 ​ ​ 30 Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 15 ​ $ 30 ​ $ — ​ $ 30 ​ $ 1 ​ $ 31 ​ $ 1 Commercial real estate ​ $ 3,792 ​ $ 3,792 ​ $ 406 ​ $ 3,827 ​ $ — ​ $ 3,825 ​ $ 30 Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Installment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Impaired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ ​ As of December 31, 2021 ​ September 30, 2021 ​ September 30, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Investment in ​ Income ​ Investment in ​ Income ​ Balance Balance Allowance Impaired Loans Recognized Impaired Loans Recognized ​ ​ (In thousands) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ 128 ​ 128 ​ — ​ 158 ​ 2 ​ 156 ​ 3 Residential ​ — ​ — ​ — ​ — ​ — ​ — ​ — Installment ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 128 ​ 128 ​ — ​ 158 ​ 2 ​ 156 ​ 3 Loans with a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Commercial real estate ​ 3,805 ​ 3,805 ​ 230 ​ 2,489 ​ — ​ 2,489 ​ — Residential ​ — ​ — ​ — ​ — ​ — ​ — ​ — Installment ​ –– ​ –– ​ –– ​ –– ​ –– ​ –– ​ — ​ ​ 3,805 ​ ​ 3,805 ​ ​ 230 ​ ​ 2,489 ​ ​ — ​ 2,489 ​ — Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ $ 3,933 ​ $ 3,933 ​ $ 230 ​ $ 85 ​ $ 2 ​ $ 2,645 ​ $ 3 Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Installment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ —
Schedule of troubled debt restructurings on financing receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ended September 30, 2022 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate — ​ — ​ — Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ — ​ — ​ — ​ — Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months ended September 30, 2022 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate 1 ​ 48 ​ 48 Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ 1 ​ 1 ​ — ​ 1 Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ended September 30, 2021 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate — ​ — ​ — Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ — ​ — ​ — ​ — Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months ended September 30, 2021 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate — ​ — ​ — Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ — ​ — ​ — ​ — Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​

Benefit Plans (Tables)

Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2022
Benefit Plans
Schedule of pension expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ 2022 2021 2022 2021 ​ ​ (In thousands) Service cost ​ $ 130 ​ $ 132 ​ $ 390 ​ $ 396 Interest cost ​ 68 ​ 60 ​ 204 ​ 180 Expected return on assets ​ (144) ​ (122) ​ (432) ​ (366) Amortization of prior service cost and net loss ​ 24 ​ 45 ​ 72 ​ 135 ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension expense ​ $ 78 ​ $ 115 ​ $ 234 ​ $ 345

Off-balance-sheet Activities (T

Off-balance-sheet Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Off-balance-sheet Activities
Schedule of the notional or contractual amounts of financial instruments with off-balance-sheet risk	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2022 ​ 2021 ​ ​ (In thousands) Commercial loans unused lines of credit ​ $ 79,044 ​ $ 78,148 Commitment to originate loans ​ 77,769 ​ 75,832 Consumer open end lines of credit ​ 38,110 ​ 39,622 Standby lines of credit ​ 241 ​ 127

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss)
Schedule of components of accumulated other comprehensive income (loss), included in stockholders' equity	The components of accumulated other comprehensive income (loss), included in stockholders’ equity, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2022 ​ 2021 ​ ​ (In thousands) Net unrealized gain (loss) on securities available-for-sale ​ $ (16,203) ​ $ 10,943 Net unrealized loss for unfunded status of defined benefit plan liability ​ (2,127) ​ (2,127) ​ ​ ​ (18,330) ​ ​ 8,816 Tax effect ​ 3,850 ​ (1,852) Net-of-tax amount ​ $ (14,480) ​ $ 6,964

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements
Schedule of fair value measurements of assets recognized in consolidated balance sheets measured at fair value on recurring basis	The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ ​ Fair Value ​ (Level 1) ​ (Level 2) ​ (Level 3) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies ​ $ 44,096 ​ $ — ​ $ 44,096 ​ $ — Subordinated Notes ​ $ 28,417 ​ $ — ​ $ 28,417 ​ $ — State and municipal obligations ​ $ 139,329 ​ $ — ​ $ 139,329 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ Subordinated Notes ​ $ 28,765 ​ $ — ​ $ 28,765 ​ $ — State and municipal obligations ​ $ 117,548 ​ $ — ​ $ 117,548 ​ $ —
Schedule of fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a non-recurring basis	The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ (In thousands) September 30, 2022 ​ ​ ​ ​ Collateral dependent impaired loans ​ $ 547 ​ $ — ​ $ — ​ $ 547 Foreclosed assets held for sale ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ Collateral dependent impaired loans ​ $ 2,822 ​ $ — ​ $ — ​ $ 2,822 Foreclosed assets held for sale ​ — ​ — ​ — ​ —
Schedule of quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements	The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at Valuation Unobservable ​ ​ ​ 9/30/22 ​ Technique ​ Inputs ​ Range ​ ​ (In thousands) Collateral-dependent impaired loans ​ $ 547 Market comparable properties Marketability discount 10% – 25% Foreclosed assets held for sale ​ $ — Market comparable properties Marketability discount 10% – 35% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at Valuation Unobservable ​ ​ ​ 12/31/21 ​ Technique ​ Inputs ​ Range ​ ​ (In thousands) Collateral-dependent impaired loans ​ $ 2,822 Market comparable properties Comparability adjustments 5% – 10% Foreclosed assets held for sale ​ $ — Market comparable properties Marketability discount 10% – 35%
Schedule of estimated fair values of company's financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ Assets ​ Inputs ​ Inputs ​ ​ Amount ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ (In thousands) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 35,297 ​ $ 35,297 ​ $ — ​ $ — Loans, net of allowance ​ 465,745 ​ — ​ — ​ 453,547 Federal Home Loan Bank stock ​ 2,499 ​ — ​ 2,499 ​ — Accrued interest receivable ​ 3,078 ​ — ​ 3,078 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 650,101 ​ — ​ 647,065 ​ — Short term borrowings ​ 28,113 ​ — ​ 28,113 ​ — Subordinated debentures ​ ​ 23,711 ​ ​ — ​ ​ 24,415 ​ ​ — Interest payable ​ 524 ​ — ​ 524 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ Assets ​ Inputs ​ Inputs ​ ​ Amount ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ (In thousands) December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 82,999 ​ $ 82,999 ​ $ — ​ $ — Loans, net of allowance ​ 450,699 ​ — ​ — ​ 459,031 Federal Home Loan Bank stock ​ 3,704 ​ — ​ 3,704 ​ — Accrued interest receivable ​ 2,345 ​ — ​ 2,345 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 605,136 ​ — ​ 605,855 ​ — Short term borrowings ​ 15,701 ​ — ​ 15,701 ​ — Federal Home Loan Bank Advances ​ — ​ — ​ — ​ — Subordinated debentures ​ 23,665 ​ — ​ 23,575 ​ — Interest payable ​ 180 ​ — ​ 180 ​ —

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	9 Months Ended
	Sep. 30, 2022
Repurchase Agreements
Schedule of repurchase agreements	The following table presents the Company’s repurchase agreements accounted for as secured borrowings: Remaining Contractual Maturity of the Agreement (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Overnight and ​ ​ ​ Greater than ​ ​ September 30, 2022 ​ Continuous ​ Up to 30 Days ​ 30 ‑ 90 Days ​ 90 Days ​ Total Repurchase Agreements ​ ​ ​ ​ ​ U.S. government agencies ​ $ 28,113 ​ $ — ​ $ — ​ $ — ​ $ 28,113 Total ​ $ 28,113 ​ $ — ​ $ — ​ $ — ​ $ 28,113 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Overnight and ​ ​ ​ ​ Greater than ​ ​ December 31, 2021 ​ Continuous ​ Up to 30 Days ​ 30 ‑ 90 Days ​ 90 Days ​ Total Repurchase Agreements ​ ​ ​ ​ ​ State and municipal obligations ​ $ 15,701 ​ $ — ​ $ — ​ $ — ​ $ 15,701 Total ​ $ 15,701 ​ $ — ​ $ — ​ $ — ​ $ 15,701

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets
Summary of changes in the carrying amount of goodwill	The following table shows the changes in the carrying amount of goodwill for September 30, 2022 and December 31, 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2022 ​ 2021 ​ Balance beginning of year ​ $ 682 ​ $ 682 ​ Additions from acquisition ​ — ​ — Balance, end of period ​ $ 682 ​ $ 682 ​
Summary of intangible assets	Intangible assets in the consolidated balance sheets at September 30, 2022 and December 31, 2021 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ Year Ended December 31, 2021 ​ ​ Gross ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ Intangible ​ Accumulated ​ Net Intangible ​ Intangible ​ Accumulated ​ Net Intangible ​ Assets Amortization Assets Assets Amortization Assets Core deposit intangibles ​ $ 1,041 594 447 1,041 ​ 481 560
Summary of estimated aggregate future amortization expense for each of the next four years for intangible assets remaining	The estimated aggregate future amortization expense for each of the next four years for intangible assets remaining as of September 30, 2022 is as follows (in thousands): ​ ​ ​ ​ 2022 $ 37 2023 150 2024 150 2025 ​ 110

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share
Net income	$ 2,303	$ 2,902	$ 6,351	$ 6,995
Less allocated earnings on non-vested restricted stock	(61)	(114)	(124)	(211)
Less allocated dividends on non-vested restricted stock	(40)	(49)	(161)	(173)
Net income allocated to common stockholders	$ 2,202	$ 2,739	$ 6,066	$ 6,611
Weighted Average Number of Shares Outstanding, Basic	5,488,121	5,478,496	5,482,865	5,476,359
Weighted Average Number of Shares Outstanding, Diluted	5,488,121	5,478,496	5,482,865	5,476,359
Basic earnings per share (in dollars per share)	$ 0.40	$ 0.50	$ 1.11	$ 1.21
Diluted earnings per share (in dollars per share)	$ 0.40	$ 0.50	$ 1.11	$ 1.21

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022
Minimum
Summary Of Significant Accounting Policies [Line Items]
Percentage of discount rate applied on existing appraisal for determining fair value of collateral	10
Maximum
Summary Of Significant Accounting Policies [Line Items]
Percentage of discount rate applied on existing appraisal for determining fair value of collateral	35

Securities - Amortized Cost and

Securities - Amortized Cost and Approximate Fair Values, Together with Gross Unrealized Gains and Losses of Securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Gain (Loss) on Investments
Available-for-sale Securities, Amortized Cost	$ 228,045	$ 135,370
Available-for-sale Securities, Gross Unrealized Gains	2	11,091
Available-for-sale Securities, Gross Unrealized Losses	(16,205)	(148)
Available-for-sale securities, Fair Value	211,842	146,313
U.S. government agencies
Gain (Loss) on Investments
Available-for-sale Securities, Amortized Cost	45,000
Available-for-sale Securities, Gross Unrealized Gains	0
Available-for-sale Securities, Gross Unrealized Losses	(904)
Available-for-sale securities, Fair Value	44,096
Subordinated notes
Gain (Loss) on Investments
Available-for-sale Securities, Amortized Cost	31,206	28,837
Available-for-sale Securities, Gross Unrealized Gains	0	76
Available-for-sale Securities, Gross Unrealized Losses	(2,789)	(148)
Available-for-sale securities, Fair Value	28,417	28,765
State and municipal obligations
Gain (Loss) on Investments
Available-for-sale Securities, Amortized Cost	151,839	106,533
Available-for-sale Securities, Gross Unrealized Gains	2	11,015
Available-for-sale Securities, Gross Unrealized Losses	(12,512)
Available-for-sale securities, Fair Value	$ 139,329	$ 117,548

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost and Fair Value of available-for-Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Available-for-sale, Amortized Cost
Within one year	$ 0
One to five years	45,664
Five to ten year	33,474
Due after ten years	148,907
Totals	228,045	$ 135,370
Available-for-sale, Fair Value
Within one year	0
One to five years	44,671
Five to ten year	30,447
Due after ten years	136,724
Totals	$ 211,842

Securities - Schedule of Invest

Securities - Schedule of Investments' Gross Unrealized Losses and Fair Value, aggregated by investment category and length of time (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Gain (Loss) on Investments
Less than 12 Months, Fair Value	$ 199,778	$ 14,204
Less than 12 Months, Unrealized Losses	(15,479)	(148)
12 Months or More, Fair Value	4,924	0
12 Months or More, Unrealized Losses	(726)	0
Total, Fair Value	204,702	14,204
Total, Unrealized Losses	(16,205)	(148)
U.S. government agencies
Gain (Loss) on Investments
Less than 12 Months, Fair Value	44,096
Less than 12 Months, Unrealized Losses	(904)
12 Months or More, Fair Value	0
12 Months or More, Unrealized Losses	0
Total, Fair Value	44,096
Total, Unrealized Losses	(904)
State and municipal obligations
Gain (Loss) on Investments
Less than 12 Months, Fair Value	138,831	0
Less than 12 Months, Unrealized Losses	(12,512)	0
12 Months or More, Fair Value	0	0
12 Months or More, Unrealized Losses	0	0
Total, Fair Value	138,831	0
Total, Unrealized Losses	(12,512)	0
Subordinated notes
Gain (Loss) on Investments
Less than 12 Months, Fair Value	16,851	14,204
Less than 12 Months, Unrealized Losses	(2,063)	(148)
12 Months or More, Fair Value	4,924	0
12 Months or More, Unrealized Losses	(726)	0
Total, Fair Value	21,775	14,204
Total, Unrealized Losses	$ (2,789)	$ (148)

Securities - Additional Informa

Securities - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Schedule Of Marketable Securities
Carrying value of securities pledged	$ 65,900,000		$ 55,800,000
Fair Value of Investment in debt securities	$ 211,300,000		$ 14,200,000
Percentage of fair value of investment in debt	87.60%		10%
Proceeds from sale of available-for-sale securities		$ 11,125,000
Number of investments securities. | item	189
State and municipal obligations
Schedule Of Marketable Securities
Proceeds from sale of available-for-sale securities		11,100,000
Gain on sale of securities		$ 1,250,000

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Schedule of Categories of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable
Total gross loans	$ 468,364		$ 454,372
Less allowance for loan losses	(2,619)	$ (2,653)	(3,673)	$ (4,123)	$ (4,542)	$ (5,113)
Total loans	465,745		450,699
Commercial
Accounts Notes And Loans Receivable
Total gross loans	92,470		90,892
Less allowance for loan losses	(356)	(497)	(1,046)	(894)	(1,140)	(1,397)
Commercial real estate
Accounts Notes And Loans Receivable
Total gross loans	273,998		266,777
Less allowance for loan losses	(1,243)	(1,219)	(1,235)	(1,555)	(1,710)	(1,821)
Residential real estate
Accounts Notes And Loans Receivable
Total gross loans	95,666		90,132
Less allowance for loan losses	(805)	$ (814)	(1,121)	$ (1,319)	$ (1,353)	$ (1,471)
Installment loans
Accounts Notes And Loans Receivable
Total gross loans	$ 6,230		$ 6,571

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Schedule of Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Allowance for loan losses:
Beginning Balance	$ 2,653	$ 4,542	$ 3,673	$ 5,113
Provision (credit) charged to expense	15	(400)	(970)	(855)
Losses charged off	(56)	(31)	(130)	(173)
Recoveries	7	12	46	38
Ending Balance	2,619	4,123	2,619	4,123
Allocation:
Ending balance: individually evaluated for impairment	406	85	406	85	$ 230
Ending balance: collectively evaluated for impairment	2,213	4,038	2,213	4,038	3,443
Loans:
Ending balance: individually evaluated for impairment	3,807	2,640	3,807	2,640	3,933
Ending balance: collectively evaluated for impairment	464,557	459,479	464,557	459,479	450,439
Commercial
Allowance for loan losses:
Beginning Balance	497	1,140	1,046	1,397
Provision (credit) charged to expense	(125)	(249)	(696)	(428)
Losses charged off	(16)		(16)	(78)
Recoveries		3	22	3
Ending Balance	356	894	356	894
Allocation:
Ending balance: collectively evaluated for impairment	356	894	356	894	1,046
Loans:
Ending balance: individually evaluated for impairment	15		15
Ending balance: collectively evaluated for impairment	92,455	99,880	92,455	99,880	90,892
Commercial Real Estate
Allowance for loan losses:
Beginning Balance	1,219	1,710	1,235	1,821
Provision (credit) charged to expense	24	(155)	8	(266)
Ending Balance	1,243	1,555	1,243	1,555
Allocation:
Ending balance: individually evaluated for impairment	406	85	406	85	230
Ending balance: collectively evaluated for impairment	837	1,470	837	1,470	1,005
Loans:
Ending balance: individually evaluated for impairment	3,792	2,640	3,792	2,640	3,933
Ending balance: collectively evaluated for impairment	270,206	263,383	270,206	263,383	262,844
Residential
Allowance for loan losses:
Beginning Balance	814	1,353	1,121	1,471
Provision (credit) charged to expense	(7)	(34)	(314)	(133)
Losses charged off	(2)		(2)	(26)
Recoveries				7
Ending Balance	805	1,319	805	1,319
Allocation:
Ending balance: collectively evaluated for impairment	805	1,319	805	1,319	1,121
Loans:
Ending balance: collectively evaluated for impairment	95,666	89,280	95,666	89,280	90,132
Installment
Allowance for loan losses:
Beginning Balance	123	339	271	424
Provision (credit) charged to expense	123	38	32	(28)
Losses charged off	(38)	(31)	(112)	(69)
Recoveries	7	9	24	28
Ending Balance	215	355	215	355
Allocation:
Ending balance: collectively evaluated for impairment	215	355	215	355	271
Loans:
Ending balance: collectively evaluated for impairment	$ 6,230	$ 6,936	$ 6,230	$ 6,936	$ 6,571

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Schedule of Portfolio Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment
Total Loans Receivable	$ 468,364	$ 454,372
Commercial
Financing Receivable, Recorded Investment
Total Loans Receivable	92,470	90,892
Commercial Real Estate
Financing Receivable, Recorded Investment
Total Loans Receivable	273,998	266,777
Residential
Financing Receivable, Recorded Investment
Total Loans Receivable	95,666	90,132
Installment
Financing Receivable, Recorded Investment
Total Loans Receivable	6,230	6,571
Pass Grade
Financing Receivable, Recorded Investment
Total Loans Receivable	456,667	442,355
Pass Grade | Commercial
Financing Receivable, Recorded Investment
Total Loans Receivable	92,455	90,892
Pass Grade | Commercial Real Estate
Financing Receivable, Recorded Investment
Total Loans Receivable	262,316	254,760
Pass Grade | Residential
Financing Receivable, Recorded Investment
Total Loans Receivable	95,666	90,132
Pass Grade | Installment
Financing Receivable, Recorded Investment
Total Loans Receivable	6,230	6,571
Special Mention
Financing Receivable, Recorded Investment
Total Loans Receivable	4,100	7,943
Special Mention | Commercial Real Estate
Financing Receivable, Recorded Investment
Total Loans Receivable	4,100	4,115
Substandard
Financing Receivable, Recorded Investment
Total Loans Receivable	7,597	4,074
Substandard | Commercial
Financing Receivable, Recorded Investment
Total Loans Receivable	15
Substandard | Commercial Real Estate
Financing Receivable, Recorded Investment
Total Loans Receivable	$ 7,582	$ 7,902

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Schedule of Loan Portfolio Aging Analysis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due
Non Accrual	$ 4,018	$ 4,209
Total gross loans	468,364	454,372
30 to 59 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	379	345
60 to 89 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	19	0
Greater Than 90 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	0	0
Financial Asset, Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	4,416	4,554
Financial Asset, Not Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	463,948	449,818
Commercial
Financing Receivable, Recorded Investment, Past Due
Non Accrual	15	0
Total gross loans	92,470	90,892
Commercial | 30 to 59 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	92	63
Commercial | 60 to 89 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	0	0
Commercial | Greater Than 90 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	0	0
Commercial | Financial Asset, Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	107	63
Commercial | Financial Asset, Not Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	92,363	90,829
Commercial real estate
Financing Receivable, Recorded Investment, Past Due
Non Accrual	3,792	3,818
Total gross loans	273,998	266,777
Commercial real estate | 30 to 59 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	159	220
Commercial real estate | 60 to 89 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	0	0
Commercial real estate | Greater Than 90 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	0	0
Commercial real estate | Financial Asset, Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	3,951	4,038
Commercial real estate | Financial Asset, Not Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	270,047	262,739
Residential
Financing Receivable, Recorded Investment, Past Due
Non Accrual	211	391
Total gross loans	95,666	90,132
Residential | 30 to 59 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	126	22
Residential | 60 to 89 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	19	0
Residential | Greater Than 90 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	0	0
Residential | Financial Asset, Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	356	413
Residential | Financial Asset, Not Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	95,310	89,719
Installment
Financing Receivable, Recorded Investment, Past Due
Non Accrual	0	0
Total gross loans	6,230	6,571
Installment | 30 to 59 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	2	40
Installment | 60 to 89 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	0	0
Installment | Greater Than 90 Days Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due
Total gross loans	0	0
Installment | Financial Asset, Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	2	40
Installment | Financial Asset, Not Past Due
Financing Receivable, Recorded Investment, Past Due
Total gross loans	$ 6,228	$ 6,531

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Schedule of Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Recorded Balance
Recorded balance, loans without a specific valuation allowance	$ 2,854		$ 2,854		$ 128
Recorded balance, loans with a specific valuation allowance	953		953		3,805
Unpaid Principal Balance
Unpaid principal balance, loans without a specific valuation allowance	2,869		2,869		128
Unpaid principal balance, loans with a specific valuation allowance	953		953		3,805
Specific Allowance	406		406		230
Average Investment in Impaired Loans
Average investment in impaired loans, loans without a specific valuation allowance	2,844	$ 158	2,873	$ 156
Average investment in impaired loans, loans with a specific valuation allowance	983	2,489	983	2,489
Interest Income Recognized
Interest income recognized, loans without a specific valuation allowance	1	2	1	3
Interest income recognized, loans with a specific valuation allowance			30
Commercial
Recorded Balance
Recorded balance, loans without a specific valuation allowance	15		15
Recorded balance, total	15		15
Unpaid Principal Balance
Unpaid principal balance, loans without a specific valuation allowance	30		30
Unpaid principal balance, total	30		30
Average Investment in Impaired Loans
Average investment in impaired loans, loans without a specific valuation allowance	30		31
Average investment in impaired loans, total	30		31
Interest Income Recognized
Interest income recognized, loans without a specific valuation allowance	1		1
Interest income recognized, total	1		1
Commercial real estate
Recorded Balance
Recorded balance, loans without a specific valuation allowance	2,839		2,839		128
Recorded balance, loans with a specific valuation allowance	953		953		3,805
Recorded balance, total	3,792		3,792		3,933
Unpaid Principal Balance
Unpaid principal balance, loans without a specific valuation allowance	2,839		2,839		128
Unpaid principal balance, loans with a specific valuation allowance	953		953		3,805
Unpaid principal balance, total	3,792		3,792		3,933
Specific Allowance	406		406		230
Average Investment in Impaired Loans
Average investment in impaired loans, loans without a specific valuation allowance	2,844	158	2,842	156
Average investment in impaired loans, loans with a specific valuation allowance	983	2,489	983	2,489
Average investment in impaired loans, total	$ 3,827	85	3,825	2,645
Interest Income Recognized
Interest income recognized, loans without a specific valuation allowance		2		3
Interest income recognized, loans with a specific valuation allowance			30
Interest income recognized, total		$ 2	$ 30	$ 3
Installment
Unpaid Principal Balance
Specific Allowance					$ 0

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings on Financing Receivables (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021 USD ($) contract	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021 USD ($) contract
Commercial
Financing Receivable, Modifications
Number of Contracts | contract	0	0	0	0
Pre- Modification Outstanding Recorded Investment	$ 0	$ 0	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	0	0	0	0
Interest Only	0	0	0	0
Term	0	0	0	0
Combination	0	0	0	0
Total Modification	$ 0	$ 0	$ 0	$ 0
Commercial real estate
Financing Receivable, Modifications
Number of Contracts | contract			1
Pre- Modification Outstanding Recorded Investment			$ 48
Post-Modification Outstanding Recorded Investment			48
Interest Only			1
Term			1
Total Modification			$ 1

Benefit Plans - (Details)

Benefit Plans - (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Components of net periodic benefit cost
Service cost	$ 130	$ 132	$ 390	$ 396
Interest cost	68	60	204	180
Expected return on assets	(144)	(122)	(432)	(366)
Amortization of prior service cost and net loss	24	45	72	135
Pension expense	$ 78	$ 115	$ 234	$ 345

Off-balance-sheet Activities (D

Off-balance-sheet Activities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commercial loans unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value amount of financial instruments with off-balance-sheet risk	$ 79,044	$ 78,148
Commitment to originate loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value amount of financial instruments with off-balance-sheet risk	77,769	75,832
Consumer open end lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value amount of financial instruments with off-balance-sheet risk	38,110	39,622
Standby lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value amount of financial instruments with off-balance-sheet risk	$ 241	$ 127

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss)
Net unrealized gain (loss) on securities available-for-sale	$ (16,203)	$ 10,943
Net unrealized loss for unfunded status of defined benefit plan liability	(2,127)	(2,127)
Accumulated other comprehensive income (loss), before taxes, total	(18,330)	8,816
Tax effect	3,850	(1,852)
Net-of-tax amount	$ (14,480)	$ 6,964

Fair Value Measurements - Asset

Fair Value Measurements - Assets Recognized in Consolidated Balance Sheets Measured at Fair Value on Recurring Basis (Details) - Recurring basis - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	$ 44,096
State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	139,329	$ 117,548
Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	28,417	28,765
Fair Value, Inputs, Level 1 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	0
Fair Value, Inputs, Level 1 | State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	0	0
Fair Value, Inputs, Level 1 | Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	0	0
Fair Value, Inputs, Level 2 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	44,096
Fair Value, Inputs, Level 2 | State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	139,329	117,548
Fair Value, Inputs, Level 2 | Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	28,417	28,765
Fair Value, Inputs, Level 3 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	0
Fair Value, Inputs, Level 3 | State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	0	0
Fair Value, Inputs, Level 3 | Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	$ 0	$ 0

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets Recognized in Consolidated Balance Sheets Measured at Fair Value on Nonrecurring Basis (Details) - Nonrecurring basis - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	$ 547	$ 2,822
Foreclosed assets held for sale	0	0
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	0	0
Foreclosed assets held for sale	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	0	0
Foreclosed assets held for sale	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	547	2,822
Foreclosed assets held for sale	$ 0	$ 0

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Collateral-dependent impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 547	$ 2,822
Valuation Technique	Market comparable properties	Market comparable properties
Unobservable Inputs	Marketability discount	Comparability adjustments
Collateral-dependent impaired loans | Minimum | Market comparable properties | Marketability discount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range	10%
Collateral-dependent impaired loans | Minimum | Market comparable properties | Comparability adjustments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range		5%
Collateral-dependent impaired loans | Maximum | Market comparable properties | Marketability discount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range	25%
Collateral-dependent impaired loans | Maximum | Market comparable properties | Comparability adjustments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range		10%
Foreclosed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0
Valuation Technique	Market comparable properties	Market comparable properties
Unobservable Inputs	Marketability discount	Marketability discount
Foreclosed assets held for sale | Minimum | Market comparable properties | Marketability discount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range	10%	10%
Foreclosed assets held for sale | Maximum | Market comparable properties | Marketability discount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range	35%	35%

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Values of Company's Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets
Cash and cash equivalents	$ 35,297	$ 82,999
Loans, net of allowance	465,745	450,699
Federal Home Loan Bank stock	2,499	3,704
Accrued interest receivable	3,078	2,345
Financial liabilities
Deposits	650,101	605,136
Short term borrowings	28,113	15,701
Subordinated debentures	23,711	23,665
Interest payable	524	180
Fair Value, Inputs, Level 1
Financial assets
Cash and cash equivalents	35,297	82,999
Loans, net of allowance	0
Federal Home Loan Bank stock	0
Accrued interest receivable	0
Financial liabilities
Deposits	0
Short term borrowings	0
Subordinated debentures	0
Interest payable	0
Fair Value, Inputs, Level 2
Financial assets
Cash and cash equivalents	0
Loans, net of allowance	0
Federal Home Loan Bank stock	2,499	3,704
Accrued interest receivable	3,078	2,345
Financial liabilities
Deposits	647,065	605,855
Short term borrowings	28,113	15,701
Subordinated debentures	24,415	23,575
Interest payable	524	180
Fair Value, Inputs, Level 3
Financial assets
Cash and cash equivalents	0
Loans, net of allowance	453,547	$ 459,031
Federal Home Loan Bank stock	0
Accrued interest receivable	0
Financial liabilities
Deposits	0
Short term borrowings	0
Subordinated debentures	0
Interest payable	$ 0

Repurchase Agreements (Details)

Repurchase Agreements (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities sold under agreements to repurchase	$ 28,113	$ 15,701
U.S. government agencies
Securities sold under agreements to repurchase	28,113
State and municipal obligations
Securities sold under agreements to repurchase		15,701
Overnight and Continuous
Securities sold under agreements to repurchase	28,113	15,701
Overnight and Continuous | U.S. government agencies
Securities sold under agreements to repurchase	28,113
Overnight and Continuous | State and municipal obligations
Securities sold under agreements to repurchase		15,701
Up to 30 Days
Securities sold under agreements to repurchase	0	0
Up to 30 Days | U.S. government agencies
Securities sold under agreements to repurchase	0
Up to 30 Days | State and municipal obligations
Securities sold under agreements to repurchase		0
30-90 Days
Securities sold under agreements to repurchase	0	0
30-90 Days | U.S. government agencies
Securities sold under agreements to repurchase	0
30-90 Days | State and municipal obligations
Securities sold under agreements to repurchase		0
Greater than 90 Days
Securities sold under agreements to repurchase	0	0
Greater than 90 Days | U.S. government agencies
Securities sold under agreements to repurchase	$ 0
Greater than 90 Days | State and municipal obligations
Securities sold under agreements to repurchase		$ 0

Repurchase Agreements - Additio

Repurchase Agreements - Additional Information (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Repurchase agreement borrowings	$ 28,113,000	$ 15,701,000
Repurchase agreement borrowings
Repurchase agreement borrowings	28,113,000	15,701,000
US Government Corporations and Agencies Securities
Repurchase agreement borrowings	$ 40,600,000	$ 37,500,000

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Changes in the carrying amount of goodwill
Balance beginning of year	$ 682	$ 682
Additions from acquisition	0	0
Balance, end of period	$ 682	$ 682

Goodwill and Intangible Assets-

Goodwill and Intangible Assets- Intangible assets (Details) - Core deposit intangibles - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Intangible assets
Gross Intangible Assets	$ 1,041	$ 1,041
Accumulated Amortization	594	481
Net Intangible Assets	$ 447	$ 560

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Future amortization expense (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Estimated aggregate future amortization expense
2022	$ 37
2023	150
2024	150
2025	$ 110