United Bancorp (UBCP) 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 09, 2023
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
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		5,690,251
Entity Central Index Key	0000731653
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 17,856	$ 8,279
Interest-bearing demand deposits	82,733	21,801
Cash and cash equivalents	100,589	30,080
Available-for-sale securities, amortized cost of $243,009 net of allowance of allowance for credit losses of $0 at March 31, 2023		217,624
Available-for-sale securities, amortized cost of $243,009 net of allowance of allowance for credit losses of $0 at March 31, 2023	234,059
Loans, net of allowance for credit losses of $4,452 and $2,052 at March 31, 2023 and December 31, 2022, respectively		458,823
Loans, net of allowance for credit losses of $4,452 and $2,052 at March 31, 2023 and December 31, 2022, respectively	459,236
Premises and equipment	12,184	12,144
Federal Home Loan Bank stock	3,957	2,499
Foreclosed assets held for sale, net	3,519	3,519
Core deposit other intangible asset	372	410
Goodwill	682	682
Accrued interest receivable	3,496	3,403
Deferred federal income tax	2,624	2,423
Bank-owned life insurance	19,113	19,000
Other assets	7,662	6,793
Total assets	847,493	757,400
Deposits
Demand	385,707	402,341
Savings	143,544	145,836
Time	124,114	101,736
Total deposits	653,365	649,913
Securities sold under repurchase agreements	30,509	18,106
Subordinated debentures	23,741	23,726
Advances Federal Home Loan Bank	75,000
Interest payable and other liabilities	5,873	5,918
Total liabilities	788,488	697,663
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 6,043,851 shares at March 31, 2023, and 6,043,851 shares at December 31, 2022; outstanding - 5,703,628 and 5,740,251 shares at March 31, 2023 and December 31, 2022, respectively	6,044	6,044
Additional paid-in capital	25,172	24,814
Retained earnings	39,895	41,945
Stock held by deferred compensation plan; 160,860 and 174,237 shares at March 31, 2023 and December 31, 2022	(1,815)	(1,902)
Accumulated other comprehensive loss	(7,730)	(9,336)
Treasury stock, at cost 179,363 and 129,363 shares at March 31, 2023 and December 31, 2022, respectively	(2,561)	(1,828)
Total stockholders' equity	59,005	59,737
Total liabilities and stockholders' equity	$ 847,493	$ 757,400

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Condensed Consolidated Balance Sheets
Amortized Cost	$ 243,009
Available-for-sale securities, allowance for credit losses	0
Loans, allowance for credit losses	$ 4,452	$ 2,052
Loans, allowance for loan losses		$ 2,052
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	6,043,851
Common shares, shares outstanding	5,703,628	5,740,251
Stock held by deferred compensation plan, shares	160,860	174,237
Treasury stock, shares	179,363	129,363

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest and Dividend Income
Loans, including fees	$ 5,809	$ 4,791
Taxable	676	268
Non-taxable	1,356	891
Federal funds sold	326	28
Dividends on Federal Home Loan Bank and other stock	41	19
Total interest and dividend income	8,208	5,997
Interest Expense
Deposits	1,057	150
Borrowings	728	337
Total interest expense	1,785	487
Net Interest Income	6,423	5,510
Credit Loss Expense
Provision for (reversal of) credit loss expense - loans		(500)
Provision for (reversal of) Credit Loss Expense		(500)
Net Interest Income After (Credit) Provision for Loan Losses	6,423	6,010
Noninterest Income
Service charges on deposit accounts	721	681
Realized gains on sales of loans		12
Earnings on bank-owned life insurance	188	186
Other income	107	108
Total noninterest income	1,016	987
Noninterest Expense
Salaries and employee benefits	2,864	3,005
Occupancy and equipment	497	583
Professional services	386	263
FDIC insurance	86	49
Insurance	150	139
Franchise and other taxes	140	135
Advertising	100	30
Stationery and office supplies	30	25
Amortization of intangibles	38	37
Other expenses	1,147	844
Total noninterest expense	5,438	5,110
Income Before Federal Income Taxes	2,001	1,887
Provision for Federal Income Taxes	113	136
Net Income	$ 1,888	$ 1,751
Basic Earnings Per Share (in dollars per share)	$ 0.33	$ 0.30
Diluted Earnings Per Share (in dollars per share)	0.33	0.30
Dividends Per Share (including special dividend of $.015 in March 2023 and $.015 in March 2022)	$ 0.3125	$ 0.3025

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Condensed Consolidated Statements of Income
Special Dividend Paid	$ 0.015	$ 0.015

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Condensed Consolidated Statements of Comprehensive Income (Loss)
Net Income	$ 1,888	$ 1,751
Unrealized holding gain (loss) on available-for-sale securities during the period, net of taxes (benefits) of $427 and $(2,060) for each respective period	1,606	(7,748)
Comprehensive Income (Loss)	$ 3,494	$ (5,997)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Condensed Consolidated Statements of Comprehensive Income (Loss)
Unrealized holding gains (loss) on securities during the period, net of tax (benefit)	$ 427	$ (2,060)

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 Cumulative effect of adoption of ASU 2016-13	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Cumulative effect of adoption of ASU 2016-13	Total
Cumulative effect of adoption of ASU 2016-13	$ 6,054	$ 23,635	$ (2,799)		$ 37,847	$ 6,964		$ 71,701
Beginning Balance at Dec. 31, 2021	6,054	23,635	(2,799)		37,847	6,964		71,701
Net Income					1,751			1,751
Other comprehensive loss						(7,748)		(7,748)
Cash dividends - per share					(1,783)			(1,783)
Repurchase of common stock			(767)					(767)
Shares purchased for deferred compensation plan		75	(75)
Expense related to share-based compensation plans		747						747
Ending Balance at Mar. 31, 2022	6,054	24,457	(3,641)		37,815	(784)		63,901
Cumulative effect of adoption of ASU 2016-13	6,054	24,457	(3,641)		37,815	(784)		63,901
Cumulative effect of adoption of ASU 2016-13	6,044	24,814	(3,730)		41,945	(9,336)		59,737
Beginning Balance at Dec. 31, 2022	6,044	24,814	(3,730)		41,945	(9,336)		59,737
Net Income					1,888			1,888
Other comprehensive loss						1,606		1,606
Cash dividends - per share					(1,848)			(1,848)
Repurchase of common stock			(733)					(733)
Shares purchased for deferred compensation plan		(87)	87
Expense related to share-based compensation plans		445						445
Ending Balance at Mar. 31, 2023	6,044	25,172	(4,376)	$ (2,090)	39,895	(7,730)	$ (2,090)	59,005
Cumulative effect of adoption of ASU 2016-13	$ 6,044	$ 25,172	$ (4,376)	$ (2,090)	$ 39,895	$ (7,730)	$ (2,090)	$ 59,005

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Consolidated Statements of Stockholders' Equity
Dividend per share	$ 0.3125	$ 0.3025

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Activities
Net Income	$ 1,888	$ 1,751
Items not requiring (providing) cash
Depreciation and amortization	246	262
Amortization of intangible asset	37	37
Premium amortization on securities	136	126
Provision for credit loss expense		(500)
Gain on sale of loans		(12)
Expense related to share based compensation programs	445	747
(Increase) (decrease) in value of bank-owned life insurance	(113)	189
Originations of loans held for sale		(900)
Proceeds from sale of loans held for sale		912
Amortization of debt instrument costs	15	15
Net change in accrued interest receivable and other assets	(1,590)	(2,463)
Net change in accrued expenses and other liabilities	(223)	4,857
Net cash provided by operating activities	841	5,021
Investing Activities
Purchase of available-for-sale securities	(14,733)	(26,153)
Proceeds from calls/redemptions of available-for-sale securities	195	3,035
Net change in loans	(2,325)	(7,908)
Purchase of FHLB Stock	(3,149)
Proceeds from Sale of Federal Home Loan Bank Stock	1,692
Proceeds from sales of foreclosed assets held for sale		156
Purchases of premises and equipment	(286)	(245)
Net cash (used in) investing activities	(18,606)	(31,115)
Financing Activities
Net change in deposits	3,452	7,358
Net change in securities sold under repurchase agreements	12,403	7,050
Net change in Federal Home Loan Bank advances	75,000
Repurchase of common stock	(733)	(767)
Cash dividends paid	(1,848)	(1,783)
Net cash provided by financing activities	88,274	11,858
Increase (Decrease) in Cash and Cash Equivalents	70,509	(14,236)
Cash and Cash Equivalents, Beginning of Period	30,080	82,999
Cash and Cash Equivalents, End of Period	100,589	68,763
Supplemental Cash Flows Information
Interest paid on deposits and borrowings	$ 1,286	$ 257

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023, 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, 2022 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 ended March 31,2023, 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, 2022 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 in Ohio and Marshall and Ohio Counties in West Virginia 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 Point, St. Clairsville East, St. Clairsville West, Sherrodsville, Strasburg, Tiltonsville, Ohio and Moundsville 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. 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 the Company’s revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as loans, investment securities, as well as revenue related to mortgage banking activities, as these activities are subject to other GAAP discussed elsewhere within the Company’s disclosures. Descriptions of the Company’s revenue-generating activities that are within the scope of ASC 606, which are presented in the 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 the 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. Investment Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates such designation as of each balance sheet date. Investment securities classified as available for sale are those securities that the Company intends to hold for an indefinite period of time but not necessarily to maturity. Securities available for sale are carried at fair value. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, regulatory capital considerations, and other similar factors. Unrealized gains or losses are reported as increases or decreases in other comprehensive income (loss), net of the deferred tax effect. Realized gains or losses, determined on the basis of the cost of the specific securities sold, are included in earnings. Premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Allowance for Credit Losses – Available for Sale Securities The Company measures expected credit losses on available-for-sale debt securities when the Company does not intend to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Economic forecast data is utilized to calculate the present value of expected cash flows. The Company utilizes independent firms to evaluate the Company’s State and Municipal Obligations and Subordinated Notes to measure any expected credit losses. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The allowance for credit losses on available-for-sale debt securities is included within investment securities available-for-sale on the consolidated balance sheet. Changes in the allowance for credit losses are recorded within provision for credit losses on the consolidated statement of income. Losses are charged against the allowance when the Company believes the collectability of an available-for-sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale debt securities totaled $2.3 million at March 31, 2023 and is included within the line item accrued interest receivable Loans Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees or costs. Accrued interest receivable totaled $1.2 million at March 31, 2023 and was reported in the line item accrued interest receivable The loans receivable portfolio is segmented into commercial and industrial, which are typically utilized for general business purposes and commercial real estate, which are collaterized by real estate. Homogenouse loans consisting similar products that are smaller in amount and distributed over a large number of individual borrowers include residential real estate and consumer loans. For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest generally is either applied against principal or reported as interest income on a cash basis, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months), and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past-due status of all classes of loans receivable is determined based on contractual due dates for loan payments. Allowance for Credit Losses - Loans The allowance for credit losses (“ACL”) is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers our historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. The Company uses the call report classification as its segment breakout and measures the allowance for credit losses using the Weighted Average Remaining Maturity method for all loan segments. Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. Our reasonable and supportable forecast adjustment is based on a 2 year unemployment forecast provided by Bloomberg and management judgment. For periods beyond our reasonable and supportable forecast, we revert back to historical annual loss rates for the remainder of the life of each pool after the forecast period. The qualitative adjustments for current conditions are based upon current level of inflation, changes in lending policies and practices, experience and ability of lending staff, quality of the Company’s loan review system, value of underlying collateral, the existence of and changes in concentrations and other external factors. These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve. The Company has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and therefore, should be individually assessed. We evaluate all commercial and industrial loans and residential and installment loans greater f215than $100,000 that meet the following criteria: 1) when it is determined that foreclosure is probable, 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, 3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, 2023 Loan Categories (in thousands) Pre-adoption Adoption Impact As Reported Commercial and Industrial ​ $ 215 ​ $ 755 ​ $ 970 Commercial Real Estate ​ 815 ​ 388 ​ 1,203 Residential Real Estate ​ 816 ​ 1,379 ​ 2,195 Consumer ​ 206 ​ (103) ​ 103 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,052 ​ $ 2,419 ​ $ 4,471 ​ Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. Earnings Per Share Earnings per share (EPS) were computed as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ ​ ​ ​ ​ Weighted- ​ Per ​ ​ Net ​ Average ​ Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 1,888 ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (2) ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (81) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 1,805 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,484,610 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ $ 0.33 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Net ​ Average ​ Per Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 1,751 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ — ​ ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (79) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 1,672 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,457,403 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 0.30 ​ 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 2019. Accounting Pronouncements Adopted in 2023 In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” The Company adopted this guidance, and subsequent related updates, using the modified retrospective approach for all financial assets measured at amortized cost, including loans and available-for-sale debt securities and unfunded commitments. On January 1, 2023, the Company recorded a cumulative effect decrease to retained earnings of $2,088,000, net of tax, of which $1,911,000 related to loans, $177,000 related to unfunded commitments. The Company adopted the provisions of ASC 326 related to presenting other-than-temporary impairment on available-for-sale debt securities prior to January 1, 2023 using the prospective transition approach, though no such charges had been recorded on the securities held by the Company as of the date of adoption. The Company did not change the segmentation from the incurred loss method upon adoption of ASC 326. ​ In January 2023, the Company adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminated the accounting guidance for troubled debt restructurings (“TDRs”) while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. This guidance was applied on a prospective basis. Upon adoption of this guidance, the Company no longer establishes a specific reserve for modifications to borrowers experiencing financial difficulty. Instead, these modifications are included in their historical loss rate which is applied to the current loan balance to arrive at the quantitative baseline portion of the Allowance for Credit Losses.

Securities

Securities	3 Months Ended
	Mar. 31, 2023
Securities
Securities	Note 2: Securities The amortized cost and fair values, together with gross unrealized gains and losses of securities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ for Credit ​ ​ ​ ​ Amortized Cost Gains Losses ​ ​ Losses Fair Value ​ ​ (In thousands) Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023: ​ ​ ​ ​ ​ ​ ​ U.S. government agencies ​ $ 45,000 ​ $ — ​ $ (804) ​ $ — ​ $ 44,196 Subordinated notes ​ ​ 31,115 ​ ​ — ​ ​ (2,918) ​ ​ — ​ ​ 28,197 State and municipal obligations ​ 166,894 ​ ​ 1,001 ​ (6,229) ​ ​ — ​ 161,666 Total debt securities ​ $ 243,009 ​ $ 1,001 ​ $ (9,951) ​ $ — ​ $ 234,059 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Cost Gains Losses Fair Value ​ ​ (In thousands) Available-for-sale Securities: ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ U.S. government agencies ​ $ 45,000 ​ $ — ​ $ (968) ​ $ 44,032 Subordinated notes ​ ​ 31,160 ​ ​ — ​ ​ (3,066) ​ ​ 28,094 State and municipal obligations ​ ​ 152,447 ​ ​ 459 ​ ​ (7,408) ​ ​ 145,498 Total debt securities ​ $ 228,607 ​ $ 459 ​ $ (11,442) ​ $ 217,624 ​ The amortized cost and fair value of available-for-sale securities at March 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Fair ​ Cost Value ​ ​ (In thousands) Under 1 year ​ $ — ​ $ — One to five years ​ 45,637 ​ 44,658 Five to ten years ​ 33,406 ​ 30,616 Over ten years ​ 163,966 ​ 158,785 Totals ​ $ 243,009 ​ $ 234,059 ​ The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $69.3 million and $68.7 million at March 31, 2023 and December 31, 2022, respectively. Certain investments in debt securities are reported in the consolidated financial statements at an amount less than their historical cost. The total fair value of these investments at March 31, 2023 was $157.4 million, which represented 67% of the Company’s available-for-sale investment portfolio. The total fair value of these investments at December 31, 2022 was $166.1 million, which represented less than 76% of the Company’s available-for-sale. 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 of an increase in longer term interest rates. 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 March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ 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) U.S. Government agencies ​ $ 44,196 ​ $ (804) ​ $ — ​ $ — ​ $ 44,196 ​ $ (804) State and municipal obligations ​ ​ 60,494 ​ ​ (1,032) ​ ​ 31,115 ​ ​ (5,197) ​ ​ 91,609 ​ ​ (6,229) Subordinated notes ​ ​ 4,110 ​ ​ (390) ​ ​ 17,509 ​ ​ (2,528) ​ ​ 21,619 ​ ​ (2,918) Total temporarily impaired securities ​ $ 108,800 ​ $ (2,226) ​ $ 48,624 ​ $ (7,725) ​ $ 157,424 ​ $ (9,951) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 44,032 ​ $ (968) ​ $ — ​ $ — ​ $ 44,032 ​ $ (968) Subordinated notes ​ ​ 11,185 ​ ​ (1,565) ​ ​ 10,300 ​ ​ (1,501) ​ ​ 21,485 ​ ​ (3,066) State and municipal obligations ​ ​ 100,599 ​ ​ (7,408) ​ ​ — ​ ​ — ​ ​ 100,599 ​ ​ (7,408) Total temporarily impaired securities ​ $ 155,816 ​ $ (9,941) ​ $ 10,300 ​ $ (1,501) ​ $ 166,116 ​ $ (11,442) ​ The unrealized losses on the Company’s 198 investments in available for sale securities 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 basis, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at March 31, 2023. There were no sales of investment securities for the three months ended March 31, 2023 and 2022.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2023
Loans and Allowance for Credit Losses
Loans and Allowance for Credit Losses	Note 3: Loans and Allowance for Credit Losses Categories of loans include: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (In thousands) Commercial and Industrial ​ $ 88,520 ​ $ 90,548 Commercial real estate ​ 275,442 ​ 270,312 Residential real estate ​ 93,386 ​ 94,012 Consumer loans ​ 6,340 ​ 6,003 ​ ​ ​ ​ ​ ​ ​ Total gross loans ​ 463,688 ​ 460,875 ​ ​ ​ ​ ​ ​ ​ Less allowance for credit losses ​ (4,452) ​ (2,052) ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 459,236 ​ $ 458,823 ​ The risk characteristics of each loan portfolio segment are as follows: Commercial and Industrial, and Commercial Real Estate 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 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 Real Estate and Consumer Residential real estate and consumer 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 consumer 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 215 ​ $ 815 ​ $ 816 ​ $ 206 ​ $ 2,052 Impact of adopting ASC 326 ​ ​ 755 ​ ​ 388 ​ ​ 1,379 ​ ​ (103) ​ ​ 2,419 Provision for credit loss expense ​ ​ 15 ​ ​ (1) ​ ​ (39) ​ ​ 25 ​ ​ — Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (29) ​ ​ (29) Recoveries ​ ​ 5 ​ ​ — ​ ​ — ​ ​ 5 ​ ​ 10 Balance, end of period ​ $ 990 ​ $ 1,202 ​ $ 2,156 ​ $ 104 ​ $ 4,452 Ending balance: individually evaluated for credit losses ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively evaluated for credit losses ​ $ 990 ​ $ 1,202 ​ $ 2,156 ​ $ 104 ​ $ 4,452 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for credit losses ​ $ 14 ​ $ 9 ​ $ — ​ $ — ​ $ 23 Ending balance: collectively evaluated for credit losses ​ $ 88,506 ​ $ 275,433 ​ $ 93,386 ​ $ 6,340 ​ $ 463,665 ​ Allowance for Loan Losses and Recorded Investment in Loans As of and for the three month period ended March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 1,046 ​ $ 1,235 ​ $ 1,121 ​ $ 271 ​ $ 3,673 Provision charged to expense ​ ​ (420) ​ ​ 54 ​ ​ (162) ​ ​ 28 ​ ​ (500) Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (35) ​ ​ (35) Recoveries ​ ​ 22 ​ ​ — ​ ​ — ​ ​ 14 ​ ​ 36 Balance, end of period ​ $ 648 ​ $ 1,289 ​ $ 959 ​ $ 278 ​ $ 3,174 Ending balance: individually evaluated for impairment ​ $ — ​ $ 232 ​ $ — ​ $ — ​ $ 232 Ending balance: collectively evaluated for impairment ​ $ 648 ​ $ 1,057 ​ $ 959 ​ $ 278 ​ $ 2,942 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 3,799 ​ $ — ​ $ — ​ $ 3,799 Ending balance: collectively evaluated for impairment ​ $ 91,371 ​ $ 267,924 ​ $ 92,768 ​ $ 6,431 ​ $ 458,494 ​ Allowance for Loan Losses and Recorded Investment in Loans As of December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ –– ​ $ –– ​ $ — Ending balance: collectively evaluated for impairment ​ $ 215 ​ $ 815 ​ $ 816 ​ $ 206 ​ $ 2,052 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 57 ​ $ — ​ $ — ​ $ — Ending balance: collectively evaluated for impairment ​ $ 90,548 ​ $ 270,255 ​ $ 94,012 ​ $ 6,003 ​ $ 460,875 ​ The following tables show the portfolio quality indicators. Based on the most recent analysis performed, the following table presents the recorded investment in non-homogeneous loans by internal risk rating system as of March 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Converted ​ ​ ​ March 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 4,028 ​ $ 17,838 ​ $ 16,799 ​ $ 17,095 ​ $ 7,918 ​ $ 7,763 ​ $ 16,926 ​ $ — ​ $ 88,368 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 153 ​ ​ — ​ ​ 153 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 4,028 ​ $ 17,838 ​ $ 16,799 ​ $ 17,095 ​ $ 7,918 ​ $ 7,763 ​ $ 17,079 ​ $ — ​ $ 88,520 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 2,060 ​ $ 31,555 ​ $ 50,086 ​ $ 26,185 ​ $ 28,354 ​ $ 69,083 ​ $ 63,791 ​ $ — ​ $ 271,115 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,098 ​ ​ — ​ ​ 1,930 ​ ​ 245 ​ ​ — ​ ​ 4,273 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 53 ​ ​ — ​ ​ — ​ ​ 53 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 2,060 ​ $ 31,555 ​ $ 50,086 ​ $ 28,284 ​ $ 28,354 ​ $ 71,066 ​ $ 64,037 ​ $ — ​ $ 275,442 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ The Company monitors the credit risk profile by payment activity for residential and consumer loan classes. Loans past due 90 days or more and loans on nonaccrual status are considered nonperforming. Nonperforming loans are reviewed quarterly. The following table presents the amortized cost in residential and consumer loans based on payment activity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Converted ​ ​ ​ March 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Performance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 2,866 ​ $ 19,741 ​ $ 17,838 ​ $ 20,856 ​ $ 6,313 ​ $ 25,307 ​ $ 239 ​ $ — ​ $ 93,160 Nonperforming ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 24 ​ ​ 202 ​ ​ — ​ ​ — ​ ​ 226 Total ​ $ 2,866 ​ $ 19,741 ​ $ 17,838 ​ $ 20,856 ​ $ 6,337 ​ $ 25,509 ​ $ 239 ​ $ — ​ $ 93,386 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Performance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 759 ​ $ 1,902 ​ $ 973 ​ $ 605 ​ $ 439 ​ $ 1,289 ​ $ 373 ​ $ — ​ $ 6,340 Nonperforming ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 759 ​ $ 1,902 ​ $ 973 ​ $ 605 ​ $ 439 ​ $ 1,289 ​ $ 373 ​ $ — ​ $ 6,340 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ 29 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Performance ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 3,625 ​ $ 21,643 ​ $ 18,811 ​ $ 21,461 ​ $ 6,752 ​ $ 26,582 ​ $ 612 ​ $ — ​ $ 99,486 Nonperforming ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 24 ​ ​ 216 ​ ​ — ​ ​ — ​ ​ 240 Total ​ $ 3,625 ​ $ 21,643 ​ $ 18,811 ​ $ 21,461 ​ $ 6,776 ​ $ 26,798 ​ $ 612 ​ $ — ​ $ 99,726 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan Class Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Pass Grade ​ $ 90,548 ​ $ 262,472 ​ $ 94,012 ​ $ 6,003 ​ $ 453,035 Special Mention ​ — ​ 4,066 ​ — ​ — ​ 4,066 Substandard ​ — ​ 3,774 ​ — ​ — ​ 3,774 Doubtful ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 90,548 ​ $ 270,312 ​ $ 94,012 ​ $ 6,003 ​ $ 460,875 ​ 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 allowance for credit losses, 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 credit losses methodology on an ongoing basis. No significant changes were made to either during the past year to date period. Loan Portfolio Aging Analysis As of March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 69 ​ $ — ​ $ — ​ $ — ​ $ 69 ​ $ 88,451 ​ $ 88,520 Commercial real estate ​ — ​ 157 ​ — ​ 9 ​ 166 ​ 275,276 ​ 275,442 Residential ​ 26 ​ 42 ​ — ​ 226 ​ 294 ​ 93,092 ​ 93,386 Installment ​ — ​ — ​ — ​ — ​ — ​ 6,340 ​ 6,340 Total ​ $ 95 ​ $ 199 ​ $ — ​ $ 235 ​ $ 529 ​ $ 463,159 ​ $ 463,688 ​ Loan Portfolio Aging Analysis As of December 31, 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 ​ $ 126 ​ $ — ​ $ — ​ $ — ​ $ 126 ​ $ 90,422 ​ $ 90,548 Commercial real estate ​ 158 ​ — ​ — ​ 9 ​ 167 ​ 270,145 ​ 270,312 Residential ​ 102 ​ 24 ​ — ​ 173 ​ 299 ​ 93,713 ​ 94,012 Installment ​ 15 ​ — ​ — ​ — ​ 15 ​ 5,988 ​ 6,003 Total ​ $ 401 ​ $ 24 ​ $ — ​ $ 182 ​ $ 607 ​ $ 460,268 ​ $ 460,875 ​ Nonperforming Loans The following table present the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Past ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due Over 90 Days ​ Total ​ ​ Nonaccrual with no ACL Nonaccrual with ACL Total Nonaccrual Still Accruing Nonperforming ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ 9 ​ — ​ 9 ​ — ​ 9 Residential ​ 226 ​ — ​ 226 ​ — ​ 226 Installment ​ — ​ — ​ — ​ — ​ — Total ​ $ 235 ​ $ — ​ $ 235 ​ $ — ​ $ 235 ​ The Company did not recognize interest income on nonaccrual loans during the theriod ended March 31, 2023. ​ Impaired Loans For 2022, 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ As of December 31, 2022 ​ March 31, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Investment in ​ Income ​ Balance Balance Allowance Impaired Loans Recognized ​ ​ (In thousands) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ 57 ​ 57 ​ — ​ 2,836 ​ — Residential ​ — ​ — ​ — ​ — ​ — Installment ​ — ​ — ​ — ​ 2,836 ​ — ​ ​ 57 ​ $ 57 ​ $ — ​ ​ — ​ ​ — Loans with a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ — ​ $ — ​ $ — ​ ​ 983 ​ ​ 20 Commercial real estate ​ — ​ — ​ — ​ — ​ — Residential ​ — ​ — ​ — ​ 983 ​ — ​ ​ — ​ $ — ​ $ — ​ $ — ​ $ — Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ ​ — ​ ​ — ​ $ 3,819 ​ $ 20 Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential ​ $ 57 ​ $ 57 ​ $ — ​ $ — ​ $ — Installment ​ $ — ​ $ — ​ $ — ​ $ 2,836 ​ ​ — ​ 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. During the quarter ended March 31, 2023 there were no modifications to borrowers experiencing financial difficulty. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ended March 31, 2022 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate 1 ​ 49 ​ 49 Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ended March 31, 2022 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ — ​ 49 ​ — ​ 49 Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ During the three months ended March 31, 2023 and 2022, there were no material defaults of any modified loans or 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	3 Months Ended
	Mar. 31, 2023
Benefit Plans
Benefit Plans	Note 4: Benefit Plans Pension expense includes the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ 2023 2022 ​ ​ (In thousands) Service cost ​ $ 76 ​ $ 130 Interest cost ​ 78 ​ 68 Expected return on assets ​ (133) ​ (144) Amortization of prior service cost and net loss ​ 10 ​ 24 ​ ​ ​ ​ ​ Pension expense ​ $ 31 ​ $ 78 ​ All components of pension expense are reflected within the salaries and employee benefits line of the consolidated income statement.

Off-balance-sheet Activities

Off-balance-sheet Activities	3 Months Ended
	Mar. 31, 2023
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ (In thousands) Commercial loans unused lines of credit ​ $ 83,594 ​ $ 79,718 Commitment to originate loans ​ 81,171 ​ 77,889 Consumer open end lines of credit ​ 38,483 ​ 37,600 Standby lines of credit ​ 261 ​ 136 ​ The Company adopted the provisions of ASC 326 and recognized an initial implementation amount of $224,000. During the three months ended March 31, 2023, there was no change in the provision for credit expense for off balance sheet exposure.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2023
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ (In thousands) Net unrealized loss on securities available-for-sale ​ $ (8,950) ​ $ (10,984) Net unrealized loss for unfunded status of defined benefit plan liability ​ (835) ​ (835) ​ ​ ​ (9,785) ​ ​ (11,819) Less: Tax effect ​ 2,055 ​ 2,483 Net-of-tax amount ​ $ (7,730) ​ $ (9,336) ​

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2023
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. The Company’s equity securities are classified within Level 1 of the 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 March 31, 2023 and December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ ​ (In thousands) March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies ​ $ 44,196 ​ $ — ​ $ 44,196 ​ $ — Subordinated Notes ​ ​ 28,197 ​ ​ — ​ ​ 28,197 ​ ​ — State and municipal obligations ​ ​ 161,666 ​ ​ — ​ ​ 161,666 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ U.S. government agencies ​ $ 44,032 ​ $ — ​ $ 44,032 ​ $ — Subordinated Notes ​ ​ 28,094 ​ ​ — ​ ​ 28,094 ​ ​ — State and municipal obligations ​ ​ 145,498 ​ ​ — ​ ​ 145,498 ​ ​ — ​ 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. Collateral Dependent Collateral dependent loans consisted primarily of loans secured by nonresidential real estate. Management has determined fair value measurements on collateral dependent 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 for the other real estate under evaluation. Due to the nature of the valuation inputs, foreclosed assets held for sale are classified within Level 3 of the hierarchy. Appraisals of OREO 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 March 31, 2023 and December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) March 31, 2023 ​ ​ ​ ​ Collateral dependent loans ​ $ — ​ $ — ​ $ — ​ $ — Foreclosed assets held for sale ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ Collateral dependent loans ​ $ 9 ​ $ — ​ $ — ​ $ 9 Foreclosed assets held for sale ​ 3,519 ​ — ​ — ​ 3,519 ​ 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 ​ ​ ​ 12/31/22 ​ Technique ​ Inputs ​ Range ​ ​ (In thousands) Collateral-dependent loans ​ $ 9 Market comparable properties Comparability adjustments 5% – 10% Foreclosed assets held for sale ​ ​ 3,519 Market comparable properties Marketability discount 10% – 35% ​ There were no significant changes in the valuation techniques used during 2023. The following table presents estimated fair values of the Company’s financial instruments. 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) March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 100,589 ​ $ 100,589 ​ $ — ​ $ — Loans, net of allowance ​ 459,236 ​ — ​ — ​ 447,208 Federal Home Loan Company stock ​ 3,957 ​ — ​ 3,957 ​ — Accrued interest receivable ​ 3,496 ​ — ​ 3,496 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 653,365 ​ — ​ 655,466 ​ — Short term borrowings ​ 30,509 ​ — ​ 30,509 ​ — Subordinated debentures ​ ​ 23,741 ​ ​ — ​ ​ 22,998 ​ ​ — Advance Federal Home Loan Bank ​ ​ 75,000 ​ ​ — ​ ​ 75,198 ​ ​ — Interest payable ​ 351 ​ — ​ 351 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 30,080 ​ $ 30,080 ​ $ — ​ $ — Loans, net of allowance ​ 458,823 ​ — ​ — ​ 440,704 Federal Home Loan Bank stock ​ 2,499 ​ — ​ 2,499 ​ — Accrued interest receivable ​ 3,403 ​ — ​ 3,403 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 649,913 ​ $ — ​ $ 646,455 ​ $ — Short term borrowings ​ 18,106 ​ — ​ 18,106 ​ — Subordinated debentures ​ 23,726 ​ — ​ 24,080 ​ — Interest payable ​ 304 ​ — ​ 304 ​ — ​ 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 March 31, 2023 and December 31, 2022.

Repurchase Agreements

Repurchase Agreements	3 Months Ended
	Mar. 31, 2023
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. 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 ​ ​ March 31, 2023 ​ Continuous ​ Up to 30 Days ​ 30 ‑ 90 Days ​ 90 Days ​ Total Repurchase Agreements ​ ​ ​ ​ ​ State and municipal obligations ​ $ 30,509 ​ $ — ​ $ — ​ $ — ​ $ 30,509 Total ​ $ 30,509 ​ $ — ​ $ — ​ $ — ​ $ 30,509 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Overnight and ​ ​ ​ ​ Greater than ​ ​ December 31, 2022 ​ Continuous ​ Up to 30 Days ​ 30 ‑ 90 Days ​ 90 Days ​ Total Repurchase Agreements ​ ​ ​ ​ ​ State and municipal obligations ​ $ 18,106 ​ $ — ​ $ — ​ $ — ​ $ 18,106 Total ​ $ 18,106 ​ $ — ​ $ — ​ $ — ​ $ 18,106 ​ These borrowings were collateralized with State and municipal obligations with a carrying value of $39.8 million at March 31, 2023 and $38.8 million at December 31, 2022. Declines in the fair value would require the Company to pledge additional securities.

Core Deposits and Intangible As

Core Deposits and Intangible Assets	3 Months Ended
	Mar. 31, 2023
Core Deposits and Intangible Assets
Core Deposits and Intangible Assets	Note 9: Core Deposits and Intangible Assets The following table shows the changes in the carrying amount of goodwill for March 31, 2023 and December 31, 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2023 ​ 2022 Balance beginning of year ​ $ 682 ​ $ 682 Additions from acquisition ​ — ​ — Balance, end of period ​ $ 682 ​ $ 682 ​ Intangible assets in the consolidated balance sheets at March 31, 2023 and December 31, 2022 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ Year Ended December 31, 2022 ​ ​ Gross ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ Intangible ​ Accumulated ​ Net Intangible ​ Intangible ​ Accumulated ​ Net Intangible ​ Assets Amortization Assets Assets Amortization Assets Core deposit intangibles ​ $ 1,041 669 372 1,041 ​ 631 410 ​ The estimated aggregate future amortization expense for each of the next four years for intangible assets remaining as of March 31, 2022 is as follows (in thousands): ​ ​ ​ ​ 2023 $ 114 2024 150 2025 108 ​ At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. At the conclusion of the assessment, the Company determined that as of March 31, 2023 it was more likely than not that the fair value exceeded its carrying values. The Company will continue to monitor the overall economic conditions and any other triggering events or circumstances that may indicate an impairment of goodwill in the future.

Advances from the Federal Home

Advances from the Federal Home Loan Bank	1 Months Ended
	Jan. 31, 2023
Advances from the Federal Home Loan Bank
Advances from the Federal Home Loan Bank	Note 10: Advances from the Federal Home Loan Bank At March 31, 2023, advance from the Federal Home Loan Bank were $75 million. The Company did not have any advances from the Federal Home Loan Bank at December 31, 2022. At March 31, 2023, required annual payments on Federal Home Loan Bank advances were for year ending December 31, 2026 $20 million (4.39% fixed rate), December 31, 2027 $35 million (4.24% fixed rate) and December 31, 2028 $20 million (4.11 fixed rate). The following discusses the consolidated financial condition of the Company as of March 31, 2023, as compared to December 31, 2022, and the results of consolidated operations for the three months ended March 31, 2023, compared to the same period in 2022. This discussion should be read in conjunction with the interim condensed consolidated financial statements and related footnotes included herein.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
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 in Ohio and Marshall and Ohio Counties in West Virginia 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 Point, St. Clairsville East, St. Clairsville West, Sherrodsville, Strasburg, Tiltonsville, Ohio and Moundsville 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. 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 the Company’s revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as loans, investment securities, as well as revenue related to mortgage banking activities, as these activities are subject to other GAAP discussed elsewhere within the Company’s disclosures. Descriptions of the Company’s revenue-generating activities that are within the scope of ASC 606, which are presented in the 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 the 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.
Investment Securities	Investment Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates such designation as of each balance sheet date. Investment securities classified as available for sale are those securities that the Company intends to hold for an indefinite period of time but not necessarily to maturity. Securities available for sale are carried at fair value. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, regulatory capital considerations, and other similar factors. Unrealized gains or losses are reported as increases or decreases in other comprehensive income (loss), net of the deferred tax effect. Realized gains or losses, determined on the basis of the cost of the specific securities sold, are included in earnings. Premiums and discounts are recognized in interest income using the interest method over the terms of the securities.
Allowance for Credit Losses - Available for Sale Securities	Allowance for Credit Losses – Available for Sale Securities The Company measures expected credit losses on available-for-sale debt securities when the Company does not intend to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Economic forecast data is utilized to calculate the present value of expected cash flows. The Company utilizes independent firms to evaluate the Company’s State and Municipal Obligations and Subordinated Notes to measure any expected credit losses. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The allowance for credit losses on available-for-sale debt securities is included within investment securities available-for-sale on the consolidated balance sheet. Changes in the allowance for credit losses are recorded within provision for credit losses on the consolidated statement of income. Losses are charged against the allowance when the Company believes the collectability of an available-for-sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale debt securities totaled $2.3 million at March 31, 2023 and is included within the line item accrued interest receivable
Loans	Loans Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees or costs. Accrued interest receivable totaled $1.2 million at March 31, 2023 and was reported in the line item accrued interest receivable The loans receivable portfolio is segmented into commercial and industrial, which are typically utilized for general business purposes and commercial real estate, which are collaterized by real estate. Homogenouse loans consisting similar products that are smaller in amount and distributed over a large number of individual borrowers include residential real estate and consumer loans. For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest generally is either applied against principal or reported as interest income on a cash basis, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months), and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past-due status of all classes of loans receivable is determined based on contractual due dates for loan payments.
Allowance for Credit Losses - Loans	Allowance for Credit Losses - Loans The allowance for credit losses (“ACL”) is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers our historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. The Company uses the call report classification as its segment breakout and measures the allowance for credit losses using the Weighted Average Remaining Maturity method for all loan segments. Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. Our reasonable and supportable forecast adjustment is based on a 2 year unemployment forecast provided by Bloomberg and management judgment. For periods beyond our reasonable and supportable forecast, we revert back to historical annual loss rates for the remainder of the life of each pool after the forecast period. The qualitative adjustments for current conditions are based upon current level of inflation, changes in lending policies and practices, experience and ability of lending staff, quality of the Company’s loan review system, value of underlying collateral, the existence of and changes in concentrations and other external factors. These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve. The Company has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and therefore, should be individually assessed. We evaluate all commercial and industrial loans and residential and installment loans greater f215than $100,000 that meet the following criteria: 1) when it is determined that foreclosure is probable, 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, 3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, 2023 Loan Categories (in thousands) Pre-adoption Adoption Impact As Reported Commercial and Industrial ​ $ 215 ​ $ 755 ​ $ 970 Commercial Real Estate ​ 815 ​ 388 ​ 1,203 Residential Real Estate ​ 816 ​ 1,379 ​ 2,195 Consumer ​ 206 ​ (103) ​ 103 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,052 ​ $ 2,419 ​ $ 4,471 ​ Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life.
Earnings Per Share	Earnings Per Share Earnings per share (EPS) were computed as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ ​ ​ ​ ​ Weighted- ​ Per ​ ​ Net ​ Average ​ Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 1,888 ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (2) ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (81) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 1,805 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,484,610 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ $ 0.33 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Net ​ Average ​ Per Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 1,751 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ — ​ ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (79) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 1,672 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,457,403 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 0.30 ​
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 2019.
Accounting Pronouncements Adopted in 2023	Accounting Pronouncements Adopted in 2023 In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” The Company adopted this guidance, and subsequent related updates, using the modified retrospective approach for all financial assets measured at amortized cost, including loans and available-for-sale debt securities and unfunded commitments. On January 1, 2023, the Company recorded a cumulative effect decrease to retained earnings of $2,088,000, net of tax, of which $1,911,000 related to loans, $177,000 related to unfunded commitments. The Company adopted the provisions of ASC 326 related to presenting other-than-temporary impairment on available-for-sale debt securities prior to January 1, 2023 using the prospective transition approach, though no such charges had been recorded on the securities held by the Company as of the date of adoption. The Company did not change the segmentation from the incurred loss method upon adoption of ASC 326. ​ In January 2023, the Company adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminated the accounting guidance for troubled debt restructurings (“TDRs”) while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. This guidance was applied on a prospective basis. Upon adoption of this guidance, the Company no longer establishes a specific reserve for modifications to borrowers experiencing financial difficulty. Instead, these modifications are included in their historical loss rate which is applied to the current loan balance to arrive at the quantitative baseline portion of the Allowance for Credit Losses.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2023
Summary of Significant Accounting Policies
Schedule of impact of adoption of ASU 2016-13 on allowance for credit Losses on loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, 2023 Loan Categories (in thousands) Pre-adoption Adoption Impact As Reported Commercial and Industrial ​ $ 215 ​ $ 755 ​ $ 970 Commercial Real Estate ​ 815 ​ 388 ​ 1,203 Residential Real Estate ​ 816 ​ 1,379 ​ 2,195 Consumer ​ 206 ​ (103) ​ 103 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,052 ​ $ 2,419 ​ $ 4,471 ​
Schedule of earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ ​ ​ ​ ​ Weighted- ​ Per ​ ​ Net ​ Average ​ Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 1,888 ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ (2) ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (81) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 1,805 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,484,610 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ $ 0.33 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Net ​ Average ​ Per Share ​ Income Shares Amount ​ (In thousands) ​ ​ ​ ​ ​ Net income ​ $ 1,751 ​ ​ ​ ​ ​ Less allocated earnings on non-vested restricted stock ​ — ​ ​ ​ ​ Less allocated dividends on non-vested restricted stock ​ ​ (79) ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ ​ 1,672 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,457,403 ​ ​ ​ Basic and diluted earnings per share ​ ​ ​ ​ $ 0.30 ​

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Securities
Schedule of amortized cost and fair values, together with gross unrealized gains and losses of securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ for Credit ​ ​ ​ ​ Amortized Cost Gains Losses ​ ​ Losses Fair Value ​ ​ (In thousands) Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023: ​ ​ ​ ​ ​ ​ ​ U.S. government agencies ​ $ 45,000 ​ $ — ​ $ (804) ​ $ — ​ $ 44,196 Subordinated notes ​ ​ 31,115 ​ ​ — ​ ​ (2,918) ​ ​ — ​ ​ 28,197 State and municipal obligations ​ 166,894 ​ ​ 1,001 ​ (6,229) ​ ​ — ​ 161,666 Total debt securities ​ $ 243,009 ​ $ 1,001 ​ $ (9,951) ​ $ — ​ $ 234,059 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Cost Gains Losses Fair Value ​ ​ (In thousands) Available-for-sale Securities: ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ U.S. government agencies ​ $ 45,000 ​ $ — ​ $ (968) ​ $ 44,032 Subordinated notes ​ ​ 31,160 ​ ​ — ​ ​ (3,066) ​ ​ 28,094 State and municipal obligations ​ ​ 152,447 ​ ​ 459 ​ ​ (7,408) ​ ​ 145,498 Total debt securities ​ $ 228,607 ​ $ 459 ​ $ (11,442) ​ $ 217,624 ​
Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Fair ​ Cost Value ​ ​ (In thousands) Under 1 year ​ $ — ​ $ — One to five years ​ 45,637 ​ 44,658 Five to ten years ​ 33,406 ​ 30,616 Over ten years ​ 163,966 ​ 158,785 Totals ​ $ 243,009 ​ $ 234,059 ​
Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ 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) U.S. Government agencies ​ $ 44,196 ​ $ (804) ​ $ — ​ $ — ​ $ 44,196 ​ $ (804) State and municipal obligations ​ ​ 60,494 ​ ​ (1,032) ​ ​ 31,115 ​ ​ (5,197) ​ ​ 91,609 ​ ​ (6,229) Subordinated notes ​ ​ 4,110 ​ ​ (390) ​ ​ 17,509 ​ ​ (2,528) ​ ​ 21,619 ​ ​ (2,918) Total temporarily impaired securities ​ $ 108,800 ​ $ (2,226) ​ $ 48,624 ​ $ (7,725) ​ $ 157,424 ​ $ (9,951) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 44,032 ​ $ (968) ​ $ — ​ $ — ​ $ 44,032 ​ $ (968) Subordinated notes ​ ​ 11,185 ​ ​ (1,565) ​ ​ 10,300 ​ ​ (1,501) ​ ​ 21,485 ​ ​ (3,066) State and municipal obligations ​ ​ 100,599 ​ ​ (7,408) ​ ​ — ​ ​ — ​ ​ 100,599 ​ ​ (7,408) Total temporarily impaired securities ​ $ 155,816 ​ $ (9,941) ​ $ 10,300 ​ $ (1,501) ​ $ 166,116 ​ $ (11,442) ​

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2023
Loans and Allowance for Credit Losses
Schedule of categories of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (In thousands) Commercial and Industrial ​ $ 88,520 ​ $ 90,548 Commercial real estate ​ 275,442 ​ 270,312 Residential real estate ​ 93,386 ​ 94,012 Consumer loans ​ 6,340 ​ 6,003 ​ ​ ​ ​ ​ ​ ​ Total gross loans ​ 463,688 ​ 460,875 ​ ​ ​ ​ ​ ​ ​ Less allowance for credit losses ​ (4,452) ​ (2,052) ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 459,236 ​ $ 458,823 ​
Schedule of allowance for loan losses and recorded investment in loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 215 ​ $ 815 ​ $ 816 ​ $ 206 ​ $ 2,052 Impact of adopting ASC 326 ​ ​ 755 ​ ​ 388 ​ ​ 1,379 ​ ​ (103) ​ ​ 2,419 Provision for credit loss expense ​ ​ 15 ​ ​ (1) ​ ​ (39) ​ ​ 25 ​ ​ — Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (29) ​ ​ (29) Recoveries ​ ​ 5 ​ ​ — ​ ​ — ​ ​ 5 ​ ​ 10 Balance, end of period ​ $ 990 ​ $ 1,202 ​ $ 2,156 ​ $ 104 ​ $ 4,452 Ending balance: individually evaluated for credit losses ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively evaluated for credit losses ​ $ 990 ​ $ 1,202 ​ $ 2,156 ​ $ 104 ​ $ 4,452 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for credit losses ​ $ 14 ​ $ 9 ​ $ — ​ $ — ​ $ 23 Ending balance: collectively evaluated for credit losses ​ $ 88,506 ​ $ 275,433 ​ $ 93,386 ​ $ 6,340 ​ $ 463,665 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 1,046 ​ $ 1,235 ​ $ 1,121 ​ $ 271 ​ $ 3,673 Provision charged to expense ​ ​ (420) ​ ​ 54 ​ ​ (162) ​ ​ 28 ​ ​ (500) Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (35) ​ ​ (35) Recoveries ​ ​ 22 ​ ​ — ​ ​ — ​ ​ 14 ​ ​ 36 Balance, end of period ​ $ 648 ​ $ 1,289 ​ $ 959 ​ $ 278 ​ $ 3,174 Ending balance: individually evaluated for impairment ​ $ — ​ $ 232 ​ $ — ​ $ — ​ $ 232 Ending balance: collectively evaluated for impairment ​ $ 648 ​ $ 1,057 ​ $ 959 ​ $ 278 ​ $ 2,942 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 3,799 ​ $ — ​ $ — ​ $ 3,799 Ending balance: collectively evaluated for impairment ​ $ 91,371 ​ $ 267,924 ​ $ 92,768 ​ $ 6,431 ​ $ 458,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ –– ​ $ –– ​ $ — Ending balance: collectively evaluated for impairment ​ $ 215 ​ $ 815 ​ $ 816 ​ $ 206 ​ $ 2,052 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ Ending balance: individually evaluated for impairment ​ $ — ​ $ 57 ​ $ — ​ $ — ​ $ — Ending balance: collectively evaluated for impairment ​ $ 90,548 ​ $ 270,255 ​ $ 94,012 ​ $ 6,003 ​ $ 460,875 ​
Schedule of portfolio quality indicators	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Converted ​ ​ ​ March 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 4,028 ​ $ 17,838 ​ $ 16,799 ​ $ 17,095 ​ $ 7,918 ​ $ 7,763 ​ $ 16,926 ​ $ — ​ $ 88,368 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 153 ​ ​ — ​ ​ 153 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 4,028 ​ $ 17,838 ​ $ 16,799 ​ $ 17,095 ​ $ 7,918 ​ $ 7,763 ​ $ 17,079 ​ $ — ​ $ 88,520 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 2,060 ​ $ 31,555 ​ $ 50,086 ​ $ 26,185 ​ $ 28,354 ​ $ 69,083 ​ $ 63,791 ​ $ — ​ $ 271,115 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,098 ​ ​ — ​ ​ 1,930 ​ ​ 245 ​ ​ — ​ ​ 4,273 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 53 ​ ​ — ​ ​ — ​ ​ 53 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 2,060 ​ $ 31,555 ​ $ 50,086 ​ $ 28,284 ​ $ 28,354 ​ $ 71,066 ​ $ 64,037 ​ $ — ​ $ 275,442 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Converted ​ ​ ​ March 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Performance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 2,866 ​ $ 19,741 ​ $ 17,838 ​ $ 20,856 ​ $ 6,313 ​ $ 25,307 ​ $ 239 ​ $ — ​ $ 93,160 Nonperforming ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 24 ​ ​ 202 ​ ​ — ​ ​ — ​ ​ 226 Total ​ $ 2,866 ​ $ 19,741 ​ $ 17,838 ​ $ 20,856 ​ $ 6,337 ​ $ 25,509 ​ $ 239 ​ $ — ​ $ 93,386 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Performance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 759 ​ $ 1,902 ​ $ 973 ​ $ 605 ​ $ 439 ​ $ 1,289 ​ $ 373 ​ $ — ​ $ 6,340 Nonperforming ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 759 ​ $ 1,902 ​ $ 973 ​ $ 605 ​ $ 439 ​ $ 1,289 ​ $ 373 ​ $ — ​ $ 6,340 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ 29 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Performance ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 3,625 ​ $ 21,643 ​ $ 18,811 ​ $ 21,461 ​ $ 6,752 ​ $ 26,582 ​ $ 612 ​ $ — ​ $ 99,486 Nonperforming ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 24 ​ ​ 216 ​ ​ — ​ ​ — ​ ​ 240 Total ​ $ 3,625 ​ $ 21,643 ​ $ 18,811 ​ $ 21,461 ​ $ 6,776 ​ $ 26,798 ​ $ 612 ​ $ — ​ $ 99,726 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan Class Commercial Real Estate Residential Installment Total ​ ​ (In thousands) Pass Grade ​ $ 90,548 ​ $ 262,472 ​ $ 94,012 ​ $ 6,003 ​ $ 453,035 Special Mention ​ — ​ 4,066 ​ — ​ — ​ 4,066 Substandard ​ — ​ 3,774 ​ — ​ — ​ 3,774 Doubtful ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 90,548 ​ $ 270,312 ​ $ 94,012 ​ $ 6,003 ​ $ 460,875 ​
Schedule of loan portfolio aging analysis	Loan Portfolio Aging Analysis As of March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 69 ​ $ — ​ $ — ​ $ — ​ $ 69 ​ $ 88,451 ​ $ 88,520 Commercial real estate ​ — ​ 157 ​ — ​ 9 ​ 166 ​ 275,276 ​ 275,442 Residential ​ 26 ​ 42 ​ — ​ 226 ​ 294 ​ 93,092 ​ 93,386 Installment ​ — ​ — ​ — ​ — ​ — ​ 6,340 ​ 6,340 Total ​ $ 95 ​ $ 199 ​ $ — ​ $ 235 ​ $ 529 ​ $ 463,159 ​ $ 463,688 ​ Loan Portfolio Aging Analysis As of December 31, 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 ​ $ 126 ​ $ — ​ $ — ​ $ — ​ $ 126 ​ $ 90,422 ​ $ 90,548 Commercial real estate ​ 158 ​ — ​ — ​ 9 ​ 167 ​ 270,145 ​ 270,312 Residential ​ 102 ​ 24 ​ — ​ 173 ​ 299 ​ 93,713 ​ 94,012 Installment ​ 15 ​ — ​ — ​ — ​ 15 ​ 5,988 ​ 6,003 Total ​ $ 401 ​ $ 24 ​ $ — ​ $ 182 ​ $ 607 ​ $ 460,268 ​ $ 460,875 ​
Schedule of amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest	The following table present the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Past ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due Over 90 Days ​ Total ​ ​ Nonaccrual with no ACL Nonaccrual with ACL Total Nonaccrual Still Accruing Nonperforming ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ 9 ​ — ​ 9 ​ — ​ 9 Residential ​ 226 ​ — ​ 226 ​ — ​ 226 Installment ​ — ​ — ​ — ​ — ​ — Total ​ $ 235 ​ $ — ​ $ 235 ​ $ — ​ $ 235 ​
Schedule of impaired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ As of December 31, 2022 ​ March 31, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Investment in ​ Income ​ Balance Balance Allowance Impaired Loans Recognized ​ ​ (In thousands) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ 57 ​ 57 ​ — ​ 2,836 ​ — Residential ​ — ​ — ​ — ​ — ​ — Installment ​ — ​ — ​ — ​ 2,836 ​ — ​ ​ 57 ​ $ 57 ​ $ — ​ ​ — ​ ​ — Loans with a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ — ​ $ — ​ $ — ​ ​ 983 ​ ​ 20 Commercial real estate ​ — ​ — ​ — ​ — ​ — Residential ​ — ​ — ​ — ​ 983 ​ — ​ ​ — ​ $ — ​ $ — ​ $ — ​ $ — Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ ​ — ​ ​ — ​ $ 3,819 ​ $ 20 Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential ​ $ 57 ​ $ 57 ​ $ — ​ $ — ​ $ — Installment ​ $ — ​ $ — ​ $ — ​ $ 2,836 ​ ​ — ​
Schedule of troubled debt restructurings on financing receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ended March 31, 2022 ​ ​ ​ ​ Pre- Modification ​ Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ Contracts Investment Investment ​ ​ (In thousands) Commercial — ​ $ — ​ $ — Commercial real estate 1 ​ 49 ​ 49 Residential — ​ — ​ — Installment — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ended March 31, 2022 ​ ​ Interest ​ ​ ​ ​ ​ ​ ​ Total ​ Only Term Combination Modification ​ ​ (In thousands) Commercial ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ — ​ 49 ​ — ​ 49 Residential ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​

Benefit Plans (Tables)

Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2023
Benefit Plans
Schedule of pension expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ 2023 2022 ​ ​ (In thousands) Service cost ​ $ 76 ​ $ 130 Interest cost ​ 78 ​ 68 Expected return on assets ​ (133) ​ (144) Amortization of prior service cost and net loss ​ 10 ​ 24 ​ ​ ​ ​ ​ Pension expense ​ $ 31 ​ $ 78 ​

Off-balance-sheet Activities (T

Off-balance-sheet Activities (Tables)	3 Months Ended
	Mar. 31, 2023
Off-balance-sheet Activities
Schedule of the notional or contractual amounts of financial instruments with off-balance-sheet risk	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ (In thousands) Commercial loans unused lines of credit ​ $ 83,594 ​ $ 79,718 Commitment to originate loans ​ 81,171 ​ 77,889 Consumer open end lines of credit ​ 38,483 ​ 37,600 Standby lines of credit ​ 261 ​ 136 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss)
Schedule of components of accumulated other comprehensive income (loss), included in stockholders' equity	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ (In thousands) Net unrealized loss on securities available-for-sale ​ $ (8,950) ​ $ (10,984) Net unrealized loss for unfunded status of defined benefit plan liability ​ (835) ​ (835) ​ ​ ​ (9,785) ​ ​ (11,819) Less: Tax effect ​ 2,055 ​ 2,483 Net-of-tax amount ​ $ (7,730) ​ $ (9,336)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Measurements
Schedule of fair value measurements of assets recognized in consolidated balance sheets measured at fair value on recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ ​ (In thousands) March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies ​ $ 44,196 ​ $ — ​ $ 44,196 ​ $ — Subordinated Notes ​ ​ 28,197 ​ ​ — ​ ​ 28,197 ​ ​ — State and municipal obligations ​ ​ 161,666 ​ ​ — ​ ​ 161,666 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ U.S. government agencies ​ $ 44,032 ​ $ — ​ $ 44,032 ​ $ — Subordinated Notes ​ ​ 28,094 ​ ​ — ​ ​ 28,094 ​ ​ — State and municipal obligations ​ ​ 145,498 ​ ​ — ​ ​ 145,498 ​ ​ — ​
Schedule of fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a non-recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) March 31, 2023 ​ ​ ​ ​ Collateral dependent loans ​ $ — ​ $ — ​ $ — ​ $ — Foreclosed assets held for sale ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ Collateral dependent loans ​ $ 9 ​ $ — ​ $ — ​ $ 9 Foreclosed assets held for sale ​ 3,519 ​ — ​ — ​ 3,519 ​
Schedule of quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at Valuation Unobservable ​ ​ ​ 12/31/22 ​ Technique ​ Inputs ​ Range ​ ​ (In thousands) Collateral-dependent loans ​ $ 9 Market comparable properties Comparability adjustments 5% – 10% Foreclosed assets held for sale ​ ​ 3,519 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) March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 100,589 ​ $ 100,589 ​ $ — ​ $ — Loans, net of allowance ​ 459,236 ​ — ​ — ​ 447,208 Federal Home Loan Company stock ​ 3,957 ​ — ​ 3,957 ​ — Accrued interest receivable ​ 3,496 ​ — ​ 3,496 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 653,365 ​ — ​ 655,466 ​ — Short term borrowings ​ 30,509 ​ — ​ 30,509 ​ — Subordinated debentures ​ ​ 23,741 ​ ​ — ​ ​ 22,998 ​ ​ — Advance Federal Home Loan Bank ​ ​ 75,000 ​ ​ — ​ ​ 75,198 ​ ​ — Interest payable ​ 351 ​ — ​ 351 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 30,080 ​ $ 30,080 ​ $ — ​ $ — Loans, net of allowance ​ 458,823 ​ — ​ — ​ 440,704 Federal Home Loan Bank stock ​ 2,499 ​ — ​ 2,499 ​ — Accrued interest receivable ​ 3,403 ​ — ​ 3,403 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 649,913 ​ $ — ​ $ 646,455 ​ $ — Short term borrowings ​ 18,106 ​ — ​ 18,106 ​ — Subordinated debentures ​ 23,726 ​ — ​ 24,080 ​ — Interest payable ​ 304 ​ — ​ 304 ​ — ​

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	3 Months Ended
	Mar. 31, 2023
Repurchase Agreements
Schedule of repurchase agreements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Overnight and ​ ​ ​ Greater than ​ ​ March 31, 2023 ​ Continuous ​ Up to 30 Days ​ 30 ‑ 90 Days ​ 90 Days ​ Total Repurchase Agreements ​ ​ ​ ​ ​ State and municipal obligations ​ $ 30,509 ​ $ — ​ $ — ​ $ — ​ $ 30,509 Total ​ $ 30,509 ​ $ — ​ $ — ​ $ — ​ $ 30,509 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Overnight and ​ ​ ​ ​ Greater than ​ ​ December 31, 2022 ​ Continuous ​ Up to 30 Days ​ 30 ‑ 90 Days ​ 90 Days ​ Total Repurchase Agreements ​ ​ ​ ​ ​ State and municipal obligations ​ $ 18,106 ​ $ — ​ $ — ​ $ — ​ $ 18,106 Total ​ $ 18,106 ​ $ — ​ $ — ​ $ — ​ $ 18,106 ​

Core Deposits and Intangible _2

Core Deposits and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Core Deposits and Intangible Assets
Schedule of changes in the carrying amount of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2023 ​ 2022 Balance beginning of year ​ $ 682 ​ $ 682 Additions from acquisition ​ — ​ — Balance, end of period ​ $ 682 ​ $ 682 ​
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ Year Ended December 31, 2022 ​ ​ Gross ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ Intangible ​ Accumulated ​ Net Intangible ​ Intangible ​ Accumulated ​ Net Intangible ​ Assets Amortization Assets Assets Amortization Assets Core deposit intangibles ​ $ 1,041 669 372 1,041 ​ 631 410 ​
Schedule of estimated aggregate future amortization expense for each of the next four years for intangible assets remaining	​ ​ ​ ​ 2023 $ 114 2024 150 2025 108 ​

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Summary Of Significant Accounting Policies [Line Items]
Accrued interest receivable on available-for-sale debt securities	$ 2,300,000
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable
Accrued interest receivable on loans receivable	$ 1,200,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable
Amount of loans evaluated for determination of allowance for credit losses	$ 100,000
Retained earnings	39,895,000		$ 41,945,000
Loans	$ 459,236,000
Cumulative effect of adoption of ASU 2016-13 | ASU No. 2016-13
Summary Of Significant Accounting Policies [Line Items]
Retained earnings		$ 2,088,000
Cumulative effect of adoption of ASU 2016-13 | ASU No. 2016-13 | Loans other than unfunded loan commitments
Summary Of Significant Accounting Policies [Line Items]
Loans		1,911,000
Cumulative effect of adoption of ASU 2016-13 | ASU No. 2016-13 | Unfunded loan commitments
Summary Of Significant Accounting Policies [Line Items]
Loans		$ 177,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans (Details) - USD ($) $ in Thousands	Jan. 01, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses		$ 2,052	$ 3,174	$ 3,673
ASU No. 2016-13
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	$ 2,052
ASU No. 2016-13 | Commercial and Industrial
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	215
ASU No. 2016-13 | Commercial Real Estate
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	815
ASU No. 2016-13 | Residential Real Estate
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	816
ASU No. 2016-13 | Consumer
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	206
ASU No. 2016-13 | Adoption Impact
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	2,419
ASU No. 2016-13 | Adoption Impact | Commercial and Industrial
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	755
ASU No. 2016-13 | Adoption Impact | Commercial Real Estate
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	388
ASU No. 2016-13 | Adoption Impact | Residential Real Estate
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	1,379
ASU No. 2016-13 | Adoption Impact | Consumer
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	(103)
ASU No. 2016-13 | As Reported
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	4,471
ASU No. 2016-13 | As Reported | Commercial and Industrial
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	970
ASU No. 2016-13 | As Reported | Commercial Real Estate
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	1,203
ASU No. 2016-13 | As Reported | Residential Real Estate
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	2,195
ASU No. 2016-13 | As Reported | Consumer
Impact of adoption of ASU 2016-13 on allowance for credit Losses on loans
Loans, allowance for credit losses	$ 103

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share
Net income	$ 1,888	$ 1,751
Less allocated earnings on non-vested restricted stock	(2)
Less allocated dividends on non-vested restricted stock	(81)	(79)
Net income allocated to common stockholders	$ 1,805	$ 1,672
Weighted Average Shares Outstanding, Basic	5,484,610	5,457,403
Weighted Average Shares Outstanding, Diluted	5,484,610	5,478,496
Basic earnings per share (in dollars per share)	$ 0.33	$ 0.30
Diluted earnings per share (in dollars per share)	$ 0.33	$ 0.30

Securities - Amortized Cost and

Securities - Amortized Cost and Approximate Fair Values, Together with Gross Unrealized Gains and Losses of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Securities
Amortized Cost	$ 243,009
Amortized Cost	243,009	$ 228,607
Gross Unrealized Gains	1,001	459
Gross Unrealized Losses	(9,951)	(11,442)
Allowance for Credit Losses	0
Fair Value	234,059
Fair Value	234,059	217,624
U.S. government agencies
Securities
Amortized Cost	45,000
Amortized Cost		45,000
Gross Unrealized Gains	0
Gross Unrealized Losses	(804)	(968)
Fair Value	44,196
Fair Value		44,032
Subordinated Notes
Securities
Amortized Cost	31,115
Amortized Cost		31,160
Gross Unrealized Gains	0
Gross Unrealized Losses	(2,918)	(3,066)
Fair Value	28,197
Fair Value		28,094
State and municipal obligations
Securities
Amortized Cost	166,894
Amortized Cost		152,447
Gross Unrealized Gains	1,001	459
Gross Unrealized Losses	(6,229)	(7,408)
Fair Value	$ 161,666
Fair Value		$ 145,498

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost and Fair Value of available-for-Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Available-for-sale, Amortized Cost
Under 1 year	$ 0
One to five years	45,637
Five to ten year	33,406
Over ten years	163,966
Totals	243,009	$ 228,607
Available-for-sale, Fair Value
Within one year	0
One to five years	44,658
Five to ten year	30,616
Over ten years	158,785
Totals	$ 234,059	$ 217,624

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	Mar. 31, 2023	Dec. 31, 2022
Securities
Less than 12 Months, Fair Value	$ 108,800	$ 155,816
Less than 12 Months, Unrealized Losses	(2,226)	(9,941)
12 Months or More, Fair Value	48,624	10,300
12 Months or More, Unrealized Losses	(7,725)	(1,501)
Total, Fair Value	157,424	166,116
Total, Unrealized Losses	(9,951)	(11,442)
U.S. government agencies
Securities
Less than 12 Months, Fair Value	44,196	44,032
Less than 12 Months, Unrealized Losses	(804)	(968)
12 Months or More, Fair Value	0	0
12 Months or More, Unrealized Losses	0	0
Total, Fair Value	44,196	44,032
Total, Unrealized Losses	(804)	(968)
State and municipal obligations
Securities
Less than 12 Months, Fair Value	4,110	100,599
Less than 12 Months, Unrealized Losses	(390)	(7,408)
12 Months or More, Fair Value	17,509	0
12 Months or More, Unrealized Losses	(2,528)	0
Total, Fair Value	21,619	100,599
Total, Unrealized Losses	(2,918)	(7,408)
Subordinated Notes
Securities
Less than 12 Months, Fair Value	60,494	11,185
Less than 12 Months, Unrealized Losses	(1,032)	(1,565)
12 Months or More, Fair Value	31,115	10,300
12 Months or More, Unrealized Losses	(5,197)	(1,501)
Total, Fair Value	91,609	21,485
Total, Unrealized Losses	$ (6,229)	$ (3,066)

Securities - Additional Informa

Securities - Additional Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 31, 2023 item	Dec. 31, 2021
Securities
Carrying value of securities pledged	$ 69,300	$ 68,700
Fair value of investment in debt securities	$ 157,400	166,100
Percentage of fair value of investment in debt	67%			76%
Gain on sale of securities	$ 0	$ 0
Number of investments in available for sale securities | item			198

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Schedule of Categories of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounts Notes And Loans Receivable
Total		$ 460,875
Less allowance for loan losses		(2,052)	$ (3,174)	$ (3,673)
Loans, net of allowance		458,823
Total gross loans	$ 463,688
Loans, allowance for credit losses	4,452	2,052
Total loans	459,236
Commercial and Industrial
Accounts Notes And Loans Receivable
Total		90,548
Less allowance for loan losses			(648)	(1,046)
Total gross loans	88,520
Loans, allowance for credit losses	990	215
Commercial Real Estate
Accounts Notes And Loans Receivable
Total		270,312
Less allowance for loan losses			(1,289)	(1,235)
Total gross loans	275,442
Loans, allowance for credit losses	1,202	815
Residential real estate
Accounts Notes And Loans Receivable
Total		94,012
Less allowance for loan losses			$ (959)	$ (1,121)
Total gross loans	93,386
Loans, allowance for credit losses	2,156	816
Installment loans
Accounts Notes And Loans Receivable
Total		$ 6,003
Total gross loans	$ 6,340

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Schedule of Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2021
Allowance for credit losses:
Balance, beginning of period	$ 2,052
Impact of adopting ASC 326	4,452
Losses charged off	29
Recoveries	10
Balance, end of period	4,452
Ending balance: collectively evaluated for credit losses	4,452
Allowance for loan losses:
Balance, beginning of period	2,052	$ 3,673
Provision for credit loss expense		(500)
Losses charged off		(35)
Recoveries		36
Balance, end of period		3,174
Ending balance: individually evaluated for impairment		232
Ending balance: collectively evaluated for impairment		2,942	$ 2,052
Loans:
Ending balance: individually evaluated for impairment		3,799
Ending balance: collectively evaluated for impairment		458,494	460,875
Ending balance: individually evaluated for credit losses	23
Ending balance: collectively evaluated for credit losses	463,665
ASU No. 2016-13 | Adoption Impact
Allowance for credit losses:
Impact of adopting ASC 326	2,419
Balance, end of period	2,419
Commercial
Allowance for credit losses:
Balance, beginning of period	215
Impact of adopting ASC 326	990
Provision for credit loss experience	15
Recoveries	5
Balance, end of period	990
Ending balance: collectively evaluated for credit losses	990
Allowance for loan losses:
Balance, beginning of period		1,046
Provision for credit loss expense		(420)
Recoveries		22
Balance, end of period		648
Ending balance: collectively evaluated for impairment		648	215
Loans:
Ending balance: collectively evaluated for impairment		91,371	90,548
Ending balance: individually evaluated for credit losses	14
Ending balance: collectively evaluated for credit losses	88,506
Commercial | ASU No. 2016-13 | Adoption Impact
Allowance for credit losses:
Impact of adopting ASC 326	755
Balance, end of period	755
Commercial Real Estate
Allowance for credit losses:
Balance, beginning of period	815
Impact of adopting ASC 326	1,202
Provision for credit loss experience	(1)
Balance, end of period	1,202
Ending balance: collectively evaluated for credit losses	1,202
Allowance for loan losses:
Balance, beginning of period		1,235
Provision for credit loss expense		54
Balance, end of period		1,289
Ending balance: individually evaluated for impairment		232	0
Ending balance: collectively evaluated for impairment		1,057	815
Loans:
Ending balance: individually evaluated for impairment		3,799	57
Ending balance: collectively evaluated for impairment		267,924	270,255
Ending balance: individually evaluated for credit losses	9
Ending balance: collectively evaluated for credit losses	275,433
Commercial Real Estate | ASU No. 2016-13 | Adoption Impact
Allowance for credit losses:
Impact of adopting ASC 326	388
Balance, end of period	388
Residential
Allowance for credit losses:
Balance, beginning of period	816
Impact of adopting ASC 326	2,156
Provision for credit loss experience	(39)
Balance, end of period	2,156
Ending balance: collectively evaluated for credit losses	2,156
Allowance for loan losses:
Balance, beginning of period		1,121
Provision for credit loss expense		(162)
Balance, end of period		959
Ending balance: collectively evaluated for impairment		959	816
Loans:
Ending balance: collectively evaluated for impairment		92,768	94,012
Ending balance: collectively evaluated for credit losses	93,386
Residential | ASU No. 2016-13 | Adoption Impact
Allowance for credit losses:
Impact of adopting ASC 326	1,379
Balance, end of period	1,379
Installment
Allowance for credit losses:
Balance, beginning of period	206
Impact of adopting ASC 326	104
Provision for credit loss experience	25
Losses charged off	29
Recoveries	5
Balance, end of period	104
Ending balance: collectively evaluated for credit losses	104
Allowance for loan losses:
Balance, beginning of period		271
Provision for credit loss expense		28
Losses charged off		(35)
Recoveries		14
Balance, end of period		278
Ending balance: collectively evaluated for impairment		278	206
Loans:
Ending balance: collectively evaluated for impairment		$ 6,431	$ 6,003
Ending balance: collectively evaluated for credit losses	6,340
Installment | ASU No. 2016-13 | Adoption Impact
Allowance for credit losses:
Impact of adopting ASC 326	(103)
Balance, end of period	$ (103)

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Schedule of Portfolio Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Loans and Allowance for Loan Losses
Total		$ 460,875
Total gross loans
2023	$ 3,625
2022	21,643
2021	18,811
2020	21,461
2019	6,776
Prior	26,798
Revolving Loans Amortized Cost Basis	612
Total	463,688
Current period gross charge-offs
Total	29
Total	99,726
Performing
Total gross loans
2023	3,625
2022	21,643
2021	18,811
2020	21,461
2019	6,752
Prior	26,582
Revolving Loans Amortized Cost Basis	612
Total	99,486
Nonperforming
Total gross loans
2019	24
Prior	216
Total	240
Commercial and Industrial
Total gross loans
2023	2,866
2022	19,741
2021	17,838
2020	20,856
2019	6,337
Prior	25,509
Revolving Loans Amortized Cost Basis	239
Total	93,386
Commercial and Industrial
Loans and Allowance for Loan Losses
Total		90,548
Total gross loans
2023	4,028
2022	17,838
2021	16,799
2020	17,095
2019	7,918
Prior	7,763
Revolving Loans Amortized Cost Basis	17,079
Total	88,520
Commercial Real Estate
Loans and Allowance for Loan Losses
Total		270,312
Total gross loans
2023	2,060
2022	31,555
2021	50,086
2020	28,284
2019	28,354
Prior	71,066
Revolving Loans Amortized Cost Basis	64,037
Total	275,442
Residential Real Estate and Consumer, Total
Total gross loans
2023	759
2022	1,902
2021	973
2020	605
2019	439
Prior	1,289
Revolving Loans Amortized Cost Basis	373
Total	6,340
Residential
Loans and Allowance for Loan Losses
Total		94,012
Total gross loans
Total	93,386
Residential | Performing
Total gross loans
2023	2,866
2022	19,741
2021	17,838
2020	20,856
2019	6,313
Prior	25,307
Revolving Loans Amortized Cost Basis	239
Total	93,160
Residential | Nonperforming
Total gross loans
2019	24
Prior	202
Total	226
Installment
Loans and Allowance for Loan Losses
Total		6,003
Total gross loans
Total	6,340
Current period gross charge-offs
2023	29
Total	29
Installment | Performing
Total gross loans
2023	759
2022	1,902
2021	973
2020	605
2019	439
Prior	1,289
Revolving Loans Amortized Cost Basis	373
Total	6,340
Pass Grade
Loans and Allowance for Loan Losses
Total		453,035
Pass Grade | Commercial and Industrial
Loans and Allowance for Loan Losses
Total		90,548
Total gross loans
2023	4,028
2022	17,838
2021	16,799
2020	17,095
2019	7,918
Prior	7,763
Revolving Loans Amortized Cost Basis	16,926
Total	88,368
Pass Grade | Commercial Real Estate
Loans and Allowance for Loan Losses
Total		262,472
Total gross loans
2023	2,060
2022	31,555
2021	50,086
2020	26,185
2019	28,354
Prior	69,083
Revolving Loans Amortized Cost Basis	63,791
Total	271,115
Pass Grade | Residential
Loans and Allowance for Loan Losses
Total		94,012
Pass Grade | Installment
Loans and Allowance for Loan Losses
Total		6,003
Special Mention
Loans and Allowance for Loan Losses
Total		4,066
Special Mention | Commercial and Industrial
Total gross loans
Revolving Loans Amortized Cost Basis	153
Total	153
Special Mention | Commercial Real Estate
Loans and Allowance for Loan Losses
Total		4,066
Total gross loans
2020	2,098
Prior	1,930
Revolving Loans Amortized Cost Basis	245
Total	4,273
Substandard
Loans and Allowance for Loan Losses
Total		3,774
Substandard | Commercial Real Estate
Loans and Allowance for Loan Losses
Total		$ 3,774
Total gross loans
Prior	53
Total	$ 53

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Schedule of Loan Portfolio Aging Analysis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Loans and Allowance for Loan Losses
Non Accrual		$ 182
Total Loans Receivable		460,875
Non Accrual	$ 235
Total gross loans	463,688
30 to 59 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		401
Total gross loans	95
60 to 89 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		24
Total gross loans	199
Greater Than 90 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		0
Total gross loans	0
Financial Asset, Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		607
Total gross loans	529
Financial Asset, Not Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		460,268
Total gross loans	463,159
Commercial and Industrial
Loans and Allowance for Loan Losses
Non Accrual		0
Total Loans Receivable		90,548
Non Accrual	0
Total gross loans	88,520
Commercial and Industrial | 30 to 59 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		126
Total gross loans	69
Commercial and Industrial | 60 to 89 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		0
Total gross loans	0
Commercial and Industrial | Greater Than 90 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		0
Total gross loans	0
Commercial and Industrial | Financial Asset, Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		126
Total gross loans	69
Commercial and Industrial | Financial Asset, Not Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		90,422
Total gross loans	88,451
Commercial and industrial
Loans and Allowance for Loan Losses
Non Accrual		9
Total Loans Receivable		270,312
Non Accrual	9
Total gross loans	275,442
Commercial and industrial | 30 to 59 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		158
Total gross loans	0
Commercial and industrial | 60 to 89 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		0
Total gross loans	157
Commercial and industrial | Greater Than 90 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		0
Total gross loans	0
Commercial and industrial | Financial Asset, Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		167
Total gross loans	166
Commercial and industrial | Financial Asset, Not Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		270,145
Total gross loans	275,276
Residential
Loans and Allowance for Loan Losses
Non Accrual		173
Total Loans Receivable		94,012
Non Accrual	226
Total gross loans	93,386
Residential | 30 to 59 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		102
Total gross loans	26
Residential | 60 to 89 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		24
Total gross loans	42
Residential | Greater Than 90 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		0
Total gross loans	0
Residential | Financial Asset, Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		299
Total gross loans	294
Residential | Financial Asset, Not Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		93,713
Total gross loans	93,092
Installment
Loans and Allowance for Loan Losses
Non Accrual		0
Total Loans Receivable		6,003
Non Accrual	0
Total gross loans	6,340
Installment | 30 to 59 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		15
Total gross loans	0
Installment | 60 to 89 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		0
Total gross loans	0
Installment | Greater Than 90 Days Past Due and Accruing
Loans and Allowance for Loan Losses
Total Loans Receivable		0
Total gross loans	0
Installment | Financial Asset, Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		15
Total gross loans	0
Installment | Financial Asset, Not Past Due
Loans and Allowance for Loan Losses
Total Loans Receivable		$ 5,988
Total gross loans	$ 6,340

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Schedule of Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2023	Dec. 31, 2022
Recorded Balance
Recorded balance, loans without a specific valuation allowance			$ 57
Unpaid Principal Balance
Unpaid principal balance, loans without a specific valuation allowance			57
Interest Income Recognized
Nonaccrual with no ACL		$ 235
Total Nonaccrual		235
Total Nonperforming		235
Commercial and Industrial
Average Investment in Impaired Loans
Average investment in impaired loans, loans with a specific valuation allowance	$ 983
Average investment in impaired loans, total	3,819
Interest Income Recognized
Interest income recognized, loans with a specific valuation allowance	20
Interest income recognized, total	20
Total Nonaccrual		0
Real Estate
Recorded Balance
Recorded balance, total			57
Unpaid Principal Balance
Unpaid principal balance, total			57
Average Investment in Impaired Loans
Average investment in impaired loans, loans with a specific valuation allowance	983
Commercial Real Estate
Recorded Balance
Recorded balance, loans without a specific valuation allowance			57
Unpaid Principal Balance
Unpaid principal balance, loans without a specific valuation allowance			57
Average Investment in Impaired Loans
Average investment in impaired loans, loans without a specific valuation allowance	2,836
Interest Income Recognized
Nonaccrual with no ACL		9
Total Nonaccrual		9
Total Nonperforming		9
Residential
Interest Income Recognized
Nonaccrual with no ACL		226
Total Nonaccrual		226
Total Nonperforming		226
Installment
Unpaid Principal Balance
Specific Allowance			$ 0
Average Investment in Impaired Loans
Average investment in impaired loans, loans without a specific valuation allowance	2,836
Average investment in impaired loans, total	$ 2,836
Interest Income Recognized
Total Nonaccrual		$ 0

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Schedule of Troubled Debt Restructurings on Financing Receivables (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) contract
Commercial and Industrial
Loans and Allowance for Loan Losses
Number of Contracts | contract	0
Pre- Modification Outstanding Recorded Investment	$ 0
Post-Modification Outstanding Recorded Investment	0
Interest Only	0
Term	0
Combination	0
Total Modification	$ 0
Commercial Real Estate
Loans and Allowance for Loan Losses
Number of Contracts | contract	1
Pre- Modification Outstanding Recorded Investment	$ 49
Post-Modification Outstanding Recorded Investment	49
Term	49
Total Modification	$ 49

Benefit Plans - (Details)

Benefit Plans - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Components of net periodic benefit cost
Service cost	$ 76	$ 130
Interest cost	78	68
Expected return on assets	(133)	(144)
Amortization of prior service cost and net loss	10	24
Pension expense	$ 31	$ 78

Off-balance-sheet Activities (D

Off-balance-sheet Activities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
ASU No. 2016-13
Off-balance-sheet Activities
Fair value amount of financial instruments with off-balance-sheet risk	$ 0
ASU No. 2016-13 | As Reported
Off-balance-sheet Activities
Fair value amount of financial instruments with off-balance-sheet risk	224,000
Commercial loans unused lines of credit
Off-balance-sheet Activities
Fair value amount of financial instruments with off-balance-sheet risk	83,594	$ 79,718
Commitment to originate loans
Off-balance-sheet Activities
Fair value amount of financial instruments with off-balance-sheet risk	81,171	77,889
Consumer open end lines of credit
Off-balance-sheet Activities
Fair value amount of financial instruments with off-balance-sheet risk	38,483	37,600
Standby lines of credit
Off-balance-sheet Activities
Fair value amount of financial instruments with off-balance-sheet risk	$ 261	$ 136

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss)
Net unrealized loss on securities available-for-sale	$ (8,950)	$ (10,984)
Net unrealized loss for unfunded status of defined benefit plan liability	(835)	(835)
Accumulated other comprehensive income (loss), before taxes, total	(9,785)	(11,819)
Tax effect	2,055	2,483
Net-of-tax amount	$ (7,730)	$ (9,336)

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	Mar. 31, 2023	Dec. 31, 2022
U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	$ 44,196	$ 44,032
Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	28,197	28,094
State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	161,666	145,498
Fair Value, Inputs, Level 1 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	0	0
Fair Value, Inputs, Level 1 | Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	0	0
Fair Value, Inputs, Level 1 | State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	0	0
Fair Value, Inputs, Level 2 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	44,196	44,032
Fair Value, Inputs, Level 2 | Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	28,197	28,094
Fair Value, Inputs, Level 2 | State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	161,666	145,498
Fair Value, Inputs, Level 3 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	0	0
Fair Value, Inputs, Level 3 | Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	0	0
Fair Value, Inputs, Level 3 | State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	$ 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	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Collateral dependent loans	$ 0	$ 9
Foreclosed assets held for sale	0	3,519
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Collateral dependent 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
Collateral dependent 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
Collateral dependent loans	0	9
Foreclosed assets held for sale	$ 0	$ 3,519

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Collateral-dependent loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 9
Valuation Technique	Market comparable properties
Unobservable Inputs	Comparability adjustments
Collateral-dependent loans | Minimum | Market comparable properties | Comparability adjustments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range	5%
Collateral-dependent 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	$ 3,519
Valuation Technique	Market comparable properties
Unobservable Inputs	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%
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%

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Values of Company's Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Carrying Amount
Financial assets
Cash and cash equivalents	$ 100,589	$ 30,080
Loans, net of allowance	459,236	458,823
Federal Home Loan Bank stock	3,957	2,499
Accrued interest receivable	3,496	3,403
Financial liabilities
Deposits	653,365	649,913
Short term borrowings	30,509	18,106
Subordinated debentures	23,741	23,726
Advance Federal Home Loan Bank	75,000
Interest payable	351	304
Fair Value, Inputs, Level 1 | Fair value
Financial assets
Cash and cash equivalents	100,589	30,080
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
Advance Federal Home Loan Bank	0
Interest payable	0
Fair Value, Inputs, Level 2 | Fair value
Financial assets
Cash and cash equivalents	0
Loans, net of allowance	0
Federal Home Loan Bank stock	3,957	2,499
Accrued interest receivable	3,496	3,403
Financial liabilities
Deposits	655,466	646,455
Short term borrowings	30,509	18,106
Subordinated debentures	22,998	24,080
Advance Federal Home Loan Bank	75,198
Interest payable	351	304
Fair Value, Inputs, Level 3 | Fair value
Financial assets
Cash and cash equivalents	0
Loans, net of allowance	447,208	$ 440,704
Federal Home Loan Bank stock	0
Accrued interest receivable	0
Financial liabilities
Deposits	0
Short term borrowings	0
Subordinated debentures	0
Advance Federal Home Loan Bank	0
Interest payable	$ 0

Repurchase Agreements - Remaini

Repurchase Agreements - Remaining Contractual Maturity of the Agreement (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Borrowings
Securities sold under agreements to repurchase	$ 30,509	$ 18,106
State and municipal obligations
Borrowings
Securities sold under agreements to repurchase	30,509	18,106
Overnight and Continuous
Borrowings
Securities sold under agreements to repurchase	30,509	18,106
Overnight and Continuous | State and municipal obligations
Borrowings
Securities sold under agreements to repurchase	30,509	18,106
Up to 30 Days
Borrowings
Securities sold under agreements to repurchase	0	0
Up to 30 Days | State and municipal obligations
Borrowings
Securities sold under agreements to repurchase	0	0
30-90 Days
Borrowings
Securities sold under agreements to repurchase	0	0
30-90 Days | State and municipal obligations
Borrowings
Securities sold under agreements to repurchase	0	0
Greater than 90 Days
Borrowings
Securities sold under agreements to repurchase	0	0
Greater than 90 Days | State and municipal obligations
Borrowings
Securities sold under agreements to repurchase	$ 0	$ 0

Repurchase Agreements - Additio

Repurchase Agreements - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
State and municipal obligations
Repurchase agreements borrowings	$ 39.8	$ 38.8

Core Deposits and Intangible _3

Core Deposits and Intangible Assets (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Changes in the carrying amount of goodwill
Balance beginning of year	$ 682
Additions from acquisition	0
Balance, end of period	$ 682

Core Deposits and Intangible _4

Core Deposits and Intangible Assets - Intangible assets (Details) - Core deposit intangibles - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Intangible assets
Gross Intangible Assets	$ 1,041	$ 1,041
Accumulated Amortization	669	631
Net Intangible Assets	$ 372	$ 410

Core Deposits and Intangible _5

Core Deposits and Intangible Assets - Future amortization expense (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Estimated aggregate future amortization expense
2023	$ 114
2024	150
2025	$ 108

Advances from the Federal Hom_2

Advances from the Federal Home Loan Bank (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Advances from the Federal Home Loan Bank
Proceeds from advance from the Federal Home Loan Bank	$ 75
Required annual payments, for year ending December 31, 2026	$ 20
Fixed interest rate, for year ending December 31, 2026	4.39%
Required annual payments, for year ending December 31, 2027	$ 35
Fixed interest rate, for year ending December 31, 2027	4.24%
Required annual payments, for year ending December 31, 2028	$ 20
Fixed interest rate, for year ending December 31, 2028	4.11%