Glen Burnie Bancorp (GLBZ) 10-Q 17 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 04, 2021
Cover [Abstract]
Entity Registrant Name	GLEN BURNIE BANCORP
Entity Central Index Key	0000890066
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Common Stock Shares Outstanding		2,848,168
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Entity Interactive Data Current	Yes
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 2,130	$ 2,117
Interest-bearing deposits in other financial institutions	38,344	34,976
Cash and Cash Equivalents	40,474	37,093
Investment securities available for sale, at fair value	134,897	114,049
Restricted equity securities, at cost	1,062	1,199
Loans, net of deferred fees and costs	246,853	253,772
Less: Allowance for loan losses	(2,921)	(1,476)
Loans, net	243,932	252,296
Real estate acquired through foreclosure	575	575
Premises and equipment, net	3,793	3,853
Bank owned life insurance	8,219	8,181
Deferred tax assets, net	1,646	142
Accrued interest receivable	1,277	1,302
Accrued taxes receivable	75	116
Prepaid expenses	410	318
Other assets	364	362
Total Assets	436,724	419,486
LIABILITIES
Noninterest-bearing deposits	147,822	132,626
Interest-bearing deposits	221,101	216,994
Total Deposits	368,923	349,620
Short-term borrowings	31,244	29,912
Defined pension liability	290	285
Accrued expenses and other liabilities	2,792	2,576
Total Liabilities	403,249	382,393
STOCKHOLDERS' EQUITY
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,842,040 and 2,827,473 shares as of December 31, 2020 and December 31, 2019, respectively.	2,845	2,842
Additional paid-in capital	10,670	10,640
Retained earnings	21,909	23,071
Accumulated other comprehensive gain (loss)	(1,949)	540
Total Stockholders' Equity	33,475	37,093
Total Liabilities and Stockholders' Equity	$ 436,724	$ 419,486

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	2,845,104	2,845,104
Common stock, shares outstanding	2,842,040	2,842,040

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
INTEREST INCOME
Interest and fees on loans	$ 2,637	$ 3,071
Interest and dividends on securities	505	381
Interest on deposits with banks and federal funds sold	19	47
Total Interest Income	3,161	3,499
INTEREST EXPENSE
Interest on deposits	168	325
Interest on short-term borrowings	116	126
Total Interest Expense	284	451
Net Interest Income	2,877	3,048
Provision for loan losses	(404)	(80)
Net interest income after provision for loan losses	3,281	3,128
NONINTEREST INCOME
Gain on securities called or sold		1
Income on life insurance	38	39
Total Noninterest Income	247	255
NONINTEREST EXPENSE
Salary and benefits	1,630	1,705
Occupancy and equipment expenses	302	331
Legal, accounting and other professional fees	213	252
Data processing and item processing services	257	234
FDIC insurance costs	42	51
Advertising and marketing related expenses	22	25
Loan collection costs	6	67
Telephone costs	77	47
Other expenses	279	328
Total Noninterest Expenses	2,828	3,040
Income before income taxes	700	343
Income tax expense	106	75
NET INCOME	$ 594	$ 268
Basic and diluted net income per share of common stock	$ 0.21	$ 0.09
Service charges on deposit accounts
NONINTEREST INCOME
Noninterest Income	$ 40	$ 56
Other fees and commissions
NONINTEREST INCOME
Noninterest Income	$ 169	$ 159

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 594	$ 268
Net unrealized (loss) gain on securities available for sale:
Net unrealized gain on securities during the period	(3,574)	918
Income tax expense relating to item above	983	(252)
Reclassification adjustment for gain on sales of securities included in net income		(1)
Net effect on other comprehensive income	(2,591)	665
Net unrealized gain (loss) on interest rate swap:
Net unrealized loss on interest rate swap during the period	140	(696)
Income tax benefit relating to item above	(38)	191
Net effect on other comprehensive income (loss)	102	(505)
Other comprehensive income	(2,489)	160
Comprehensive income	$ (1,895)	$ 428

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained EarningsTransition adjustment pursuant to adoption of ASC 2016-3	Retained Earnings	Accumulated Other Comprehensive (Loss) Gain	Transition adjustment pursuant to adoption of ASC 2016-3	Total
Balances at Dec. 31, 2019	$ 2,827	$ 10,525		$ 22,537	$ (209)		$ 35,680
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				268			268
Cash dividends, $0.40 per share				(283)			(283)
Dividends reinvested under dividend reinvestment plan	3	29					32
Other comprehensive income					160		160
Balances at Mar. 31, 2020	2,830	10,554		22,522	(49)		35,857
Balances at Dec. 31, 2020	2,842	10,640		23,071	540		37,093
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				594			594
Cash dividends, $0.40 per share				(284)			(284)
Dividends reinvested under dividend reinvestment plan	3	30					33
Other comprehensive income					(2,489)		(2,489)
Balances at Mar. 31, 2021	$ 2,845	$ 10,670	$ (1,472)	$ 21,909	$ (1,949)	$ (1,472)	$ 33,475

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals)	3 Months Ended
	Mar. 31, 2021$ / shares
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Cash dividends, per share	$ 0.10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income	$ 594	$ 268
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion of premises and equipment	104	100
Depreciation, amortization, and accretion of investment securities available for sale	107	62
Provision for loan losses	(404)	(80)
Increase in cash surrender value of bank owned life insurance	(38)	(39)
(Increase) decrease in accrued interest receivable	25	(8)
Net (increase) decrease in other assets	(54)	166
Net (increase) decrease in accrued expenses and other liabilities	(51)	(613)
Net cash provided by operating activities	283	(144)
Cash flows from investing activities:
Redemptions and maturities of investment securities available for sale	4,938	3,878
Purchases of investment securities available for sale	(29,467)	(1,709)
Net redemption of Federal Home Loan Bank stock	137	238
Net decrease in loans	7,194	7,711
Purchases of premises and equipment	(88)	(282)
Net cash (used in) provided by investing activities	(17,286)	9,836
Cash flows from financing activities:
Net increase (decrease) in deposits	19,303	341
Increase (decrease) in short term borrowings	1,332	(5,000)
Cash dividends paid	(284)	(283)
Common stock dividends reinvested	33	31
Net cash provided by (used in) financing activities	20,384	(4,911)
Net increase (decrease) in cash and cash equivalents	3,381	4,781
Cash and cash equivalents at beginning of year	37,093	13,290
Cash and cash equivalents at end of year	40,474	18,071
Supplemental Disclosures of Cash Flow Information:
Interest paid on deposits and borrowings	282	456
Income taxes paid	65
Income taxes (refunded)		(31)
Net decrease in unrealized depreciation on available for sale securities	(3,574)	918
Increase in unrealized depreciation on Swaps	$ 140	$ 696

ORGANIZATIONAL

ORGANIZATIONAL	3 Months Ended
	Mar. 31, 2021
ORGANIZATIONAL
ORGANIZATIONAL.	NOTE 1 – ORGANIZATIONAL Nature of Business Glen Burnie Bancorp (the “Company”) is a bank holding company organized in 1990 under the laws of the State of Maryland. The Company owns all the outstanding shares of capital stock of The Bank of Glen Burnie (the “Bank”), a commercial bank organized in 1949 under the laws of the State of Maryland (the “State”). The Bank provides financial services to individuals and corporate customers located in Anne Arundel County and surrounding areas of Central Maryland, and is subject to competition from other financial institutions. The Bank is also subject to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2021
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 2 – BASIS OF PRESENTATION In management’s opinion, the accompanying unaudited consolidated financial statements, which have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim period reporting, reflect all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the financial position at March 31, 2021 and December 31, 2020, the results of operations for the three-month period ended March 31, 2021 and 2020, and the statements of cash flows for the three-month period ended March 31, 2021 and 2020. The operating results for the three-month period ended March 31, 2021 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2021 or any future interim period. The consolidated balance sheet at December 31, 2020 has been derived from the audited financial statements included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on March 26, 2021. The unaudited consolidated financial statements for March 31, 2021 and 2020, the consolidated balance sheet at December 31, 2020, and accompanying notes should be read in conjunction with the Company’s audited consolidated financial statements and the accompanying notes thereto that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Summary of Significant Accounting Policies The significant accounting policies used in preparation of the Company's consolidated financial statements are disclosed in its Annual Report on Form 10-K for the year ended December 31, 2020. Other than the adoption of the current expected credit loss (“CECL”) methodology discussed below, there have not been any significant changes in the Company's significant accounting policies. Allowance for Credit Losses – Loans Receivable Effective January 1, 2021, the Company applied ASU 2016-13, Financial Instruments - Credit Losses ("ASC 326"), such that the allowance calculation is based on CECL methodology. Prior to January 1, 2021, the calculation was based on incurred loss methodology. See Note 7 "Recent Accounting Pronouncements" and Note 5 "Loans Receivable and Allowance for Loan Losses" for details. The Company maintains an allowance for credit losses (“ACL”) for the expected credit losses of the loan portfolio as well as unfunded loan commitments. The amount of ACL is based on ongoing, quarterly assessments by management. The CECL methodology requires an estimate of the credit losses expected over the life of an exposure (or pool of exposures) and replaces the incurred loss methodology’s threshold that delayed the recognition of a credit loss until it was probable a loss event was incurred. The ACL consists of the allowance for loan losses and the reserve for unfunded commitments. The estimate of expected credit losses under the CECL methodology is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. We then consider whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not exist over the period that historical experience was based for each loan type. Finally, we consider forecasts about future economic conditions or changes in collateral values that are reasonable and supportable. Portfolio segment is defined as the level at which the Company develops and documents a systematic methodology to determine its ACL. The Company has designated three loan portfolio segments: loans secured by real estate, commercial and industrial loans and consumer loans. These loan portfolio segments are further disaggregated into classes, which represent loans of similar type, risk characteristics, and methods for monitoring and assessing credit risk. The loans secured by real estate portfolio segment is disaggregated into five classes: construction and land, farmland, family residential, multifamily, and commercial. The commercial and industrial portfolio segment is disaggregated into two classes: commercial and industrial, and SBA guaranty. The risk of loss for the commercial and industrial loan portfolio segment is generally most indicated by the credit risk rating assigned to each borrower. Commercial and industrial loan risk ratings are determined by experienced senior credit officers based on specific facts and circumstances and are subject to periodic review by an independent internal team of credit specialists. The consumer loan portfolio segment is disaggregated into two classes: consumer and automobile. The risk of loss for the consumer loan portfolio segment is generally most indicated by delinquency status and general economic factors. Each of the three loan portfolio classes may also be further segmented based on risk characteristics. For most of our loan portfolio classes, the historical loss experience is determined using the Average Charge-Off Method. This method pools loans into groups (“cohorts”) sharing similar risk characteristics and tracks each cohort’s net charge-offs over the lives of the loans. Average Charge-off uses historical values by period to calculate losses and then applies the historical average to future balances over the life of the account. The historical loss rates for each cohort are then averaged to calculate an overall historical loss rate which is applied to the current loan balance to arrive at the quantitative baseline portion of the allowance for credit losses for the respective loan portfolio class. For certain loan portfolio classes, the Company determined there was not sufficient historical loss information to calculate a meaningful historical loss rate using the average charge-off methodology. For any such loan portfolio class, peer group history contributes to the Company’s weighted average loss history. The peer group data is included in the weighted average loss history that is developed for each loan pool. The Company also considers qualitative adjustments to the historical loss rate for each loan portfolio class. The qualitative adjustments for each loan class consider the conditions over the period from which historical loss experience was based and are split into two components: 1) asset or class specific risk characteristics or current conditions at the reporting date related to portfolio credit quality, remaining payments, volume and nature, credit culture and management, business environment or other management factors and 2) reasonable and supportable forecast of future economic conditions and collateral values. The Company performs a quarterly asset quality review which includes a review of forecasted gross charge-offs and recoveries, nonperforming assets, criticized loans, risk rating migration, delinquencies, etc. The asset quality review is performed by management and the results are used to consider a qualitative overlay to the quantitative baseline. When management deems it to be appropriate, the Company establishes a specific reserve for individually evaluated loans that do not share similar risk characteristics with the loans included in each respective loan pool. These individually evaluated loans are removed from their respective pools and typically represent collateral dependent loans but may also include other non-performing loans or troubled debt restructurings (“TDRs”). Allowance for Credit Losses – Held-to-Maturity Debt Securities For held-to-maturity (“HTM”) debt securities, the Company is required to utilize a CECL methodology to estimate expected credit losses. The Company does not own any HTM debt securities. Therefore, the Company did not record an allowance for credit losses for these types of securities. Allowance for Credit Losses – Available-for-Sale Debt Securities The impairment model for available-for-sale (“AFS”) debt securities differs from the CECL methodology applied for HTM debt securities because AFS debt securities are measured at fair value rather than amortized cost. Although ASC 326 replaced the legacy other-than-temporary impairment (“OTTI”) model with a credit loss model, it retained the fundamental nature of the legacy OTTI model. For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either criteria is met, the security’s amortized cost basis is written down to fair value through income. For AFS debt securities where neither of the criteria are met, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the credit rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment 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, limited to the amount that the fair value is less than the amortized cost basis. Any remaining discount that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Under the new guidance, an entity may no longer consider the length of time fair value has been less than amortized cost. Changes in the allowance for credit losses are recorded as a provision (or release) for credit losses. Losses are charged against the allowance when management believes the collectability of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As of January 1, 2021, the Company determined that the unrealized loss positions in AFS securities were not the result of credit losses, and therefore, an allowance for credit losses was not recorded. Off-Balance-Sheet Credit Exposures The only material off-balance-sheet credit exposures are unfunded loan commitments, which had a combined balance of $31.8 million at March 31, 2021. The reserve for unfunded commitments is recognized as a liability (other liabilities in the consolidated statements of financial condition), with adjustments to the reserve recognized through provision for credit losses in the consolidated statements of income. The reserve for unfunded commitments represents the expected lifetime credit losses on off-balance sheet obligations such as commitments to extend credit and standby letters of credit. However, a liability is not recognized for commitments that are unconditionally cancellable by the Company. The reserve for unfunded commitments is determined by estimating future draws, including the effects of risk mitigation actions, and applying the expected loss rates on those draws. Loss rates are estimated by utilizing the same loss rates calculated for the allowance for credit losses related to the respective loan portfolio class. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, The Bank of Glen Burnie. Consolidation resulted in the elimination of all intercompany accounts and transactions. Cash Flow Presentation In the statements of cash flows, cash and cash equivalents include cash on hand, amounts due from banks, Federal Home Loan Bank of Atlanta (“FHLB Atlanta”) overnight deposits, and federal funds sold. Generally, federal funds are sold for one-day periods. Reclassifications Certain items in the 2020 consolidated financial statements have been reclassified to conform to the 2021 classifications. The reclassifications had no effect on previously reported results of operations or retained earnings. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for credit losses (the “ACL”); the fair value of financial instruments, such as loans and investment securities; benefit plan obligations and expenses; and the valuation of deferred tax assets and liabilities.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2021
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 3 – EARNINGS PER SHARE Basic earnings per common share (“EPS”) is computed by dividing net income available to common shareholders by the weighted average common shares outstanding during the period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted average common shares outstanding, plus the effect of common stock equivalents (for example, stock options computed using the treasury stock method). Three Months Ended March 31, 2021 2020 Basic and diluted earnings per share: Net income $ 593,993 $ 268,384 Weighted average common shares outstanding 2,843,775 2,829,375 Basic and dilutive net income per share $ 0.21 $ 0.09 Diluted earnings per share calculations were not required for the three-month period ended March 31, 2021 and 2020, as there were no stock options outstanding.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2021
INVESTMENT SECURITIES
INVESTMENT SECURITIES	NOTE 4 – INVESTMENT SECURITIES Investment securities are accounted for according to their purpose and holding period. Trading securities are those that are bought and held principally for the purpose of selling them in the near term. The Company held no trading securities at March 31, 2021 or December 31, 2020. Available-for-sale investment securities, comprised of debt and mortgage-backed securities, are those that may be sold before maturity due to changes in the Company's interest rate risk profile or funding needs, and are reported at fair value with unrealized gains and losses, net of taxes, reported as a component of other comprehensive income. Held-to-maturity investment securities are those that management has the positive intent and ability to hold to maturity and are reported at amortized cost. The Company held no held-to-maturity securities at March 31, 2021 or December 31, 2020. Realized gains and losses are recorded in noninterest income and are determined on a trade date basis using the specific identification method. Interest and dividends on investment securities are recognized in interest income on an accrual basis. Premiums and discounts are amortized or accreted into interest income using the interest method over the expected lives of the individual securities. The following table summarizes the amortized cost and estimated fair value of the Company’s investment securities portfolio at March 31, 2021 and December 31, 2020: At March 31, 2021 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Collateralized mortgage obligations $ 26,747 $ 349 $ (76) $ 27,020 Agency mortgage-backed securities 34,993 606 (329) 35,270 Municipal securities 30,962 384 (349) 30,997 U.S. Government agency securities 44,074 — (2,464) 41,610 Total securities available for sale $ 136,776 $ 1,339 $ (3,218) $ 134,897 At December 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Collateralized mortgage obligations $ 24,261 $ 396 $ (14) $ 24,643 Agency mortgage-backed securities 26,072 886 (10) 26,948 Municipal securities 28,675 740 (2) 29,413 U.S. Government agency securities 33,346 9 (310) 33,045 Total securities available for sale $ 112,354 $ 2,031 $ (336) $ 114,049 The 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, 2021 and December 31, 2020 are as follows: March 31, 2021 Less than 12 months 12 months or more Total Securities available for sale: Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (dollars in thousands) Collateralized mortgage obligations $ 2,749 $ (66) $ 1,136 $ (10) $ 3,885 $ (76) Agency mortgage-backed securities 13,534 (319) 555 (10) 14,089 (329) Municipal securities 20,188 (349) — — 20,188 (349) U.S. Government agency securities 41,142 (2,462) 468 (2) 41,610 (2,464) $ 77,613 $ (3,196) $ 2,159 $ (22) $ 79,772 $ (3,218) December 31, 2020 Less than 12 months 12 months or more Total Securities available for sale: Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (dollars in thousands) Collateralized mortgage obligations $ 201 $ — $ 1,188 $ (14) $ 1,389 $ (14) Agency mortgage-backed securities — — 566 (10) 566 (10) Municipal securities 851 (2) — — 851 (2) U.S. Government agency securities 24,160 (308) 481 (2) 24,641 (310) $ 25,212 $ (310) $ 2,235 $ (26) $ 27,447 $ (336) The Company does not believe that the available-for-sale debt securities that were in an unrealized loss position have any credit loss impairment upon adoption of ASC 326 on January 1, 2021 or as of March 31, 2021. The Company does not intend to sell the investment securities that were in an unrealized loss position and it is not more likely than not that the Company will be required to sell the investment securities before recovery of their amortized cost basis, which may be at maturity. Available-for-sale debt securities issued by U.S. government agencies or U.S. government sponsored enterprises carry the explicit and/or implicit guarantee of the U.S. government and have a long history of zero credit loss. Municipal bonds are considered to have issuer(s) of high credit quality (rated AA or higher) and the decline in fair value is due to changes in interest rates and other market conditions. The issuer(s) continues to make timely principal and interest payments on the bonds. The fair value is expected to recover as the bond(s) approach maturity. At March 31, 2021, the Company recorded unrealized losses in its portfolio of debt securities totaling $3,218,000 related to 116 securities, which resulted from decreases in market value, spread volatility, and other factors that management deems to be temporary. Management does not believe the securities are impaired due to reasons of credit quality. Since management believes that it is more likely than not that the Company will not be required to sell these securities prior to maturity or a full recovery of the amortized cost, the Company does not consider these securities to have a credit loss impairment. At December 31, 2020, the Company recorded unrealized losses in its portfolio of debt securities totaling $336,000 related to 49 securities, which resulted from decreases in market interest rates, spread volatility, and other factors that management deems to be temporary. Management does not believe the securities are impaired due to reasons of credit quality. Since management believes that it is more likely than not that the Company will not be required to sell these securities prior to maturity or a full recovery of the amortized cost, the Company does not consider these securities to have a credit loss impairment. Shown below are contractual maturities of debt securities at March 31, 2021. Actual maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties. At March 31, 2021 Amortized Fair Yield (dollars in thousands) Cost Value (1), (2) Available for sale securities maturing: Within one year $ 453 $ 456 2.00 % Over one to five years 2,042 2,074 1.99 % Over five to ten years 11,565 11,603 1.30 % Over ten years 122,716 120,764 1.96 % Total debt securities $ 136,776 $ 134,897 _____________________ (1) Yields are stated as book yields which are adjusted for amortization and accretion of purchase premiums and discounts, respectively. (2) Yields on tax-exempt obligations are computed on a tax-equivalent basis.

Loans and Allowance

Loans and Allowance	3 Months Ended
	Mar. 31, 2021
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	NOTE 5 – LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES The fundamental lending business of the Company is based on understanding, measuring, and controlling the credit risk inherent in the loan portfolio. The Company's loan portfolio is subject to varying degrees of credit risk. These risks entail both general risks, which are inherent in the lending process, and risks specific to individual borrowers. The Company's credit risk is mitigated through portfolio diversification, which limits exposure to any single customer, industry, or collateral type. The Company currently manages its credit products and the respective exposure to loan losses by specific portfolio segments and classes, which are levels at which the Company develops and documents its systematic methodology to determine the allowance for loan losses. The Company believes each portfolio segment has unique risk characteristics. The Company's loans held for investment is divided into three portfolio segments: loans secured by real estate, commercial and industrial loans, and consumer loans. Each of these segments is further divided into loan classes for purposes of estimating the allowance for credit losses. For additional information, including the accounting policies and CECL methodology used to estimate the allowance for credit losses, see Note 2 “Basis of Presentation” and Note 7 “Recent Accounting Pronouncements.” The following table is a summary of loans receivable by loan portfolio segment and class. March 31, December 31, 2021 2020 (dollars in thousands) Amount % Amount % Loans Secured by Real Estate Construction and land $ 3,174 $ 2,553 Farmland 349 — 350 — Single-family residential 82,820 82,520 Multi-family 6,069 6,105 Commercial 55,723 57,027 Total loans secured by real estate 148,135 148,555 Commercial and Industrial Commercial and industrial 9,521 10,800 SBA guaranty 7,192 7,200 Comm SBA PPP 11,244 9,912 Total commercial and industrial loans 27,957 27,912 Consumer Loans Consumer 2,482 3,063 Automobile 68,279 74,242 Total consumer loans 70,761 77,305 Loans, net of deferred fees and costs 246,853 253,772 Less: Allowance for loan losses $ (2,921) $ (1,476) Loans, net 243,932 252,296 The Bank’s net loans totaled $243.9 million at March 31, 2021, compared to $252.3 million at December 31, 2020, a decrease of $8.4 million, or 3.32%. Construction and land loans increased from $2.6 million at December 31, 2020 to $3.2 million at March 31, 2021, a decrease of $0.6 million, or 24.34%. Farmland loans decreased by $0.1 million, or 0.42%, from $0.4 million at December 31, 2020 to $0.3 million at March 31, 2021. Single-family residential loans increased from $82.5 million at December 31, 2020 to $82.8 million at March 31, 2021, an increase of $0.3 million, or 0.36%. Multi-family residential loans were $6.1 million at March 31, 2021 and December 31, 2020. Commercial real estate loans decreased by $1.3 million to $55.7 million at March 31, 2021 from $57.0 million at December 31, 2020, a decrease of 2.29%. Commercial and industrial loans decreased by $1.3 million, or 11.84%, to $9.5 million at March 31, 2021 compared to $10.8 million at December 31, 2021. SBA guaranty loans were $7.2 million at March 31, 2021 and December 31, 2020. The Commercial Small Business Administration (SBA) Paycheck Protection Program (PPP) loan balance was $11.2 million at March 31, 2021 compared to $9.9 million at December 31, 2020, an increase of $1.3 million or 13.44%. This loan type is discussed in “Item 5. Other Information.” Consumer loans decreased by $0.6 million, or 18.97% to $2.5 million at March 31, 2021, compared to $3.1 million at December 31, 2020. Automobile loans decreased from $74.2 million at December 31, 2020 to $68.3 million at March 31, 2021, a decrease of $6.0 million or 8.03%. Credit Risk and Allowance for Loan Losses . Credit risk is the risk of loss arising from the inability of a borrower to meet his or her obligations and entails both general risks, which are inherent in the process of lending, and risks specific to individual borrowers. Credit risk is mitigated through portfolio diversification, which limits exposure to any single customer, industry, or collateral type. Residential mortgage and home equity loans and lines generally have the lowest credit loss experience. Loans secured by personal property, such as auto loans, generally experience medium credit losses. Unsecured loan products, such as personal revolving credit, have the highest credit loss experience and for that reason, the Bank has chosen not to engage in a significant amount of this type of lending. Credit risk in commercial lending can vary significantly, as losses as a percentage of outstanding loans can shift widely during economic cycles and are particularly sensitive to changing economic conditions. Generally, improving economic conditions result in improved operating results on the part of commercial customers, enhancing their ability to meet their particular debt service requirements. Improvements, if any, in operating cash flows can be offset by the impact of rising interest rates that may occur during improved economic times. Inconsistent economic conditions may have an adverse effect on the operating results of commercial customers, reducing their ability to meet debt service obligations. On January 1, 2021, the Company early adopted ASU 2016-13, Financial Instruments - Credit Losses (“ASC 326”) which replaces the “incurred loss approach” for estimating credit losses with an expected loss methodology. The incurred loss model delayed the recognition of credit losses until it was probable that a loss had occurred, while the CECL model requires the immediate recognition of expected credit losses over the contractual term for financial instruments that fall within the scope of CECL at the date of origination or purchase of the financial instrument. The CECL model, which is applicable to the measurement of credit losses on financial assets measured at amortized cost and certain off-balance sheet credit exposures, affects the Company’s estimates of the allowance for credit losses for our loan portfolio and the reserve for our off-balance sheet credit exposures related to loan commitments. The allowance for loan losses is established through a provision for loan losses charged to expense. Loans are charged against the allowance for loan losses when management believes that the collectability of the principal is unlikely. The allowance, based on evaluations of the collectability of loans and prior loan loss experience, is an amount that management believes will be adequate to absorb possible losses on existing loans that may become uncollectible. The evaluations are performed for each class of loans and take into consideration factors such as changes in the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, value of collateral securing the loans and current economic conditions and trends that may affect the borrowers’ ability to pay. For example, delinquencies in unsecured loans and indirect automobile installment loans will be reserved for at significantly higher ratios than loans secured by real estate. Finally, the Company considers forecasts about future economic conditions or changes in collateral values that are reasonable and supportable. Based on that analysis, the Bank deems its allowance for loan losses in proportion to the total nonaccrual loans and past due loans to be sufficient. As a result of the adoption of ASC 326 in the first quarter of 2021, with an effective date of January 1, 2021, there is a lack of comparability in both the allowance and provisions for credit losses for the periods presented. Results for reporting periods beginning after January 1, 2021 are presented using the CECL methodology, while comparative period information continues to be reported in accordance with the incurred loss methodology in effect for prior years. Transactions in the allowance for credit losses for the three months ended March 31, 2021 and the year ended December 31, 2020 were as follows: Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans March 31, 2021 Construction Single-family Commercial Commercial (dollars in thousands) and Land Farmland Residential Multi-family Commercial and Industrial SBA Guaranty SBA PPP Consumer Automobile Total Balance, beginning of year $ 9 $ 2 $ 513 $ 39 $ 218 $ 67 $ 48 $ — $ 11 $ 569 $ 1,476 Impact of ASC 326 adoption 16 9 854 63 199 120 (6) — 46 273 1,574 Charge-offs — — — — — — — — — (81) (81) Recoveries — — 275 — — — — — — 81 356 Provision for loan losses 7 (1) (272) — (8) (19) (1) — (11) (99) (404) Balance, end of quarter $ 32 $ 10 $ 1,370 $ 102 $ 409 $ 168 $ 41 $ — $ 46 $ 743 $ 2,921 Individually evaluated for impairment: Balance in allowance $ — $ — $ 11 $ — $ — $ — $ — $ — $ — $ — $ 11 Related loan balance — — 38 — — — — — — — 38 Collectively evaluated for impairment: Balance in allowance $ 32 $ 10 $ 1,359 $ 102 $ 409 $ 168 $ 41 $ — $ 46 $ 743 $ 2,910 Related loan balance 3,174 349 82,782 6,069 55,723 9,521 7,192 11,244 2,482 68,279 246,815 Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans December 31, 2020 Construction Single-family Commercial Commercial (dollars in thousands) and Land Farmland Residential Multi-family Commercial and Industrial SBA Guaranty SBA PPP Consumer Automobile Total Balance, beginning of year $ 24 $ 2 $ 849 $ 40 $ 241 $ 69 $ 25 $ — $ 11 $ 805 $ 2,066 Charge-offs — — — — — — — — — (392) (392) Recoveries — — 266 — — 20 — — 6 199 491 Provision for loan losses (15) — (602) (1) (23) (22) 23 — (6) (43) (689) Balance, end of the year $ 9 $ 2 $ 513 $ 39 $ 218 $ 67 $ 48 $ — $ 11 $ 569 $ 1,476 Individually evaluated for impairment: Balance in allowance $ — $ — $ — $ — $ — $ — $ — $ — $ 11 $ — $ 11 Related loan balance — — 132 — — 4,493 — — 39 — 4,664 Collectively evaluated for impairment: Balance in allowance $ 9 $ 2 $ 513 $ 39 $ 218 $ 67 $ 48 $ — $ — $ 569 $ 1,465 Related loan balance 2,553 350 82,388 6,105 57,027 6,307 7,200 9,912 3,024 74,242 249,108 March 31, March 31, (dollars in thousands) 2021 2020 Average loans $ 248,920 $ 281,335 Net charge offs to average loans (annualized) (0.44) % 0.10 % During the three-month period ended March 31, 2021, loans to 8 borrowers and related entities totaling approximately $81,000 were determined to be uncollectible and were charged off. During the three-month period ending March 31, 2020, loans to 14 borrowers and related entities totaling approximately $125,000 were determined to be uncollectible and were charged off. Reserve for Unfunded Commitments . Loan commitments and unused lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. The Bank generally requires collateral to support financial instruments with credit risk on the same basis as it does for on-balance sheet instruments. The collateral requirement is based on management's credit evaluation of the counter party. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. Each customer's creditworthiness is evaluated on a case-by-case basis. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. As of March 31, 2021, and 2020, the Bank had outstanding commitments totaling $31.8 million and $31.2 million, respectively. The reserve for unfunded commitments represents the expected lifetime credit losses on off-balance sheet obligations such as commitments to extend credit and standby letters of credit. However, a liability is not recognized for commitments that are unconditionally cancellable by the Company. The reserve for unfunded commitments is determined by estimating future draws, including the effects of risk mitigation actions, and applying the expected loss rates on those draws. Loss rates are estimated by utilizing the same loss rates calculated for the allowance for credit losses related to the respective loan portfolio class. The following table shows the Bank’s reserve for unfunded commitments arising from these transactions: Three Months Ended Ended March 31, (dollars in thousands) 2021 2020 Beginning balance $ 33 $ 37 Impact of ASC 326 adoption 457 — Reduction of unfunded reserve (12) — Provisions charged to operations — 13 Ending balance $ 478 $ 50 Contractual Obligations and Commitments. No material changes, outside the normal course of business, have been made during the first quarter of 2021. Asset Quality . The following tables set forth the amount of the Bank’s current, past due, and non-accrual loans by categories of loans and restructured loans, at the dates indicated. At March 31, 2021 90 Days or (dollars in thousands) 30-89 Days More and Current Past Due Still Accruing Nonaccrual Total Loans Secured by Real Estate Construction and land $ 3,174 $ — $ — $ — $ 3,174 Farmland 349 — — — 349 Single-family residential 82,616 51 16 137 82,820 Multi-family 6,069 — — — 6,069 Commercial 51,212 345 — 4,166 55,723 Total loans secured by real estate 143,420 396 16 4,303 148,135 Commercial and Industrial Commercial and industrial 9,521 — — — 9,521 SBA guaranty 7,192 — — — 7,192 Comm SBA PPP 11,244 — — — 11,244 Total commercial and industrial loans 27,957 — — — 27,957 Consumer Loans Consumer 2,481 1 — — 2,482 Automobile 67,919 221 — 139 68,279 Total consumer loans 70,400 222 — 139 70,761 $ 241,777 $ 618 $ 16 $ 4,442 $ 246,853 At December 31, 2020 90 Days or (dollars in thousands) 30-89 Days More and Current Past Due Still Accruing Nonaccrual Total Loans Secured by Real Estate Construction and land $ 2,553 $ — $ — $ — $ 2,553 Farmland 350 — — — 350 Single-family residential 82,232 — 18 270 82,520 Multi-family 6,105 — — — 6,105 Commercial 52,245 753 — 4,029 57,027 Total loans secured by real estate 143,485 753 18 4,299 148,555 Commercial and Industrial — Commercial and industrial 10,800 — — — 10,800 SBA guaranty 7,200 — — — 7,200 Comm SBA PPP 9,912 — — — 9,912 Total commercial and industrial loans 27,912 — — — 27,912 Consumer Loans — Consumer 3,028 1 — 34 3,063 Automobile 73,551 512 — 179 74,242 Total consumer loans 76,579 513 — 213 77,305 $ 247,976 $ 1,266 $ 18 $ 4,512 $ 253,772 The balances in the above charts have not been reduced by the allowance for credit losses. For the period ending March 31, 2021, the allowance for loan loss is $2.9 million. For the period ending December 31, 2020, the allowance for loan loss is $1.5 million. Non-accrual loans with specific reserves at March 31, 2021 are comprised of: Consumer loans – One loan to one borrower that totaled $37,961 with specific reserves of $10,589 established for the loan, which was also a troubled debt restructured loan. Below is a summary of the recorded investment amount and related allowance for losses of the Bank’s impaired loans at March 31, 2021 and December 31, 2020. March 31, 2021 Unpaid Interest Average (dollars in thousands) Recorded Principal Income Specific Recorded Investment Balance Recognized Reserve Investment Impaired loans with specific reserves: Loans Secured by Real Estate Construction and land $ — $ — $ — $ — $ — Farmland — — — — — Single-family residential 27 38 1 11 49 Multi-family — — — — — Commercial — — — — — Total loans secured by real estate 27 38 1 11 49 Commercial and Industrial Commercial and industrial — — — — — SBA guaranty — — — — — Total commercial and industrial loans — — — — — Consumer Loans Consumer — — — — — Automobile — — — — — Total consumer loans — — — — — Total impaired loans with specific reserves $ 27 $ 38 $ 1 $ 11 $ 49 Impaired loans with no specific reserve: Loans Secured by Real Estate Construction and land $ — $ — $ — $ n/a $ — Farmland — — — n/a — Single-family residential 99 99 — n/a 100 Multi-family — — — n/a — Commercial 4,166 4,166 286 n/a 4,777 Total loans secured by real estate 4,265 4,265 286 — 4,877 Commercial and Industrial Commercial and industrial — — — n/a — SBA guaranty — — — n/a — Total commercial and industrial loans — — — — — Consumer Loans Consumer — — — n/a — Automobile 139 139 2 n/a 149 Total consumer loans 139 139 2 n/a 149 Total impaired loans with no specific reserve $ 4,404 $ 4,404 $ 288 $ — $ 5,027 December 31, 2020 Unpaid Interest Average (dollars in thousands) Recorded Principal Income Specific Recorded Investment Balance Recognized Reserve Investment Impaired loans with specific reserves: Loans Secured by Real Estate Construction and land $ — $ — $ — $ — $ — Farmland — — — — — Single-family residential 28 39 2 11 50 Multi-family — — — — — Commercial — — — — — Total loans secured by real estate 28 39 2 11 50 Commercial and Industrial Commercial and industrial — — — — — SBA guaranty — — — — — Total commercial and industrial loans — — — — — Consumer Loans Consumer — — — — — Automobile — — — — — Total consumer loans — — — — — Total impaired loans with specific reserves $ 28 $ 39 $ 2 $ 11 $ 50 Impaired loans with no specific reserve: Loans Secured by Real Estate Construction and land $ — $ — $ — $ n/a $ — Farmland — — — n/a — Single-family residential 171 322 — n/a 544 Multi-family — — — n/a — Commercial 4,493 4,493 185 n/a 4,315 Total loans secured by real estate 4,664 4,815 185 — 4,859 Commercial and Industrial Commercial and industrial — — — n/a — SBA guaranty — — — n/a — Total commercial and industrial loans — — — — — Consumer Loans Consumer 34 34 4 n/a 43 Automobile 178 178 10 n/a 227 Total consumer loans 212 212 14 n/a 270 Total impaired loans with no specific reserve $ 4,876 $ 5,027 $ 199 $ — $ 5,129 March 31, December 31, (dollars in thousands) 2021 2020 Troubled debt restructured loans $ 38 $ 39 Non-accrual and 90+ days past due and still accruing loans to average loans 1.79 % 1.63 % Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans 65.5 % 32.6 % At March 31, 2021, there was one troubled debt restructured loan consisting of a consumer loan in the amount of $37,961. The consumer loan is in a nonaccrual status. The following table shows the activity for non-accrual loans for the three months ended March 31, 2020 and 2021. Loans Secured By Real Estate Consumer Loans Single-family (dollars in thousands) Residential Multi-family Commercial Consumer Automobile Total December 31, 2019 $ 790 $ 24 $ 3,139 $ 51 $ 123 $ 4,127 Transfers into nonaccrual — — — — 177 177 Loans paid down/payoffs (11) (4) (32) (5) (22) (74) Loans returned to accrual status — — — — (17) (17) Loans charged off — — — — (125) (125) March 31, 2020 $ 779 $ 20 $ 3,107 $ 46 $ 136 $ 4,088 December 31, 2020 $ 270 $ — $ 4,029 $ 34 $ 179 $ 4,512 Transfers into nonaccrual — — 574 — 69 643 Loans paid down/payoffs (133) — (437) (1) (27) (598) Loans returned to accrual status $ — $ — $ — $ (33) $ — $ (33) Loans charged off — — — — (82) (82) March 31, 2021 $ 137 $ — $ 4,166 $ — $ 139 $ 4,442 Other Real Estate Owned. At March 31, 2021 and December 31, 2020, the Company had $575,000 in real estate acquired in partial or total satisfaction of debt. All such properties are initially recorded at the lower of cost or fair value (net realizable value) at the date acquired and carried on the balance sheet as other real estate owned. Losses arising at the date of acquisition are charged against the allowance for credit losses. Subsequent write-downs that may be required and expense of operation are included in noninterest expense. Gains and losses realized from the sale of other real estate owned were included in noninterest income. Credit Quality Information In addition to monitoring the performance status of the loan portfolio, the Company utilizes a risk rating scale (1-8) to evaluate loan asset quality for all loans. Loans that are rated 1-4 are classified as pass credits. For the pass rated loans, management believes there is a low risk of loss related to these loans and, as necessary, credit may be strengthened through improved borrower performance and/or additional collateral. The Bank’s internal risk ratings are as follows: 1 Superior – minimal risk. (normally supported by pledged deposits, United States government securities, etc.) 2 Above Average - low risk. (all of the risks associated with this credit based on each of the bank’s creditworthiness criteria are minimal) 3 Average – moderately low risk. (most of the risks associated with this credit based on each of the bank’s creditworthiness criteria are minimal) 4 Acceptable – moderate risk. (the weighted overall risk associated with this credit based on each of the bank’s creditworthiness criteria is acceptable) 5 Other Assets Especially Mentioned – moderately high risk. (possesses deficiencies which corrective action by the bank would remedy; potential watch list) 6 Substandard – (the bank is inadequately protected and there exists the distinct possibility of sustaining some loss if not corrected) 7 Doubtful – (weaknesses make collection or liquidation in full, based on currently existing facts, improbable) 8 Loss – (of little value; not warranted as a bankable asset) The following tables provides information with respect to the Company's credit quality indicators by loan portfolio segment at March 31, 2021 and December 31, 2020: Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans March 31, 2021 Construction Single-family Commercial Commercial (dollars in thousands) and Land Farmland Residential Multi-family Commercial and Industrial SBA Guaranty SBA PPP Consumer Automobile Total Pass $ 3,174 $ 349 $ 82,721 $ 6,069 $ 51,557 $ 9,521 $ 7,192 $ 11,244 $ 2,482 $ 68,140 $ 242,449 Special mention — — — — 559 — — — — — 559 Substandard — — 99 — 3,607 — — — — 88 3,794 Doubtful — — — — — — — — — 51 51 Loss — — — — — — — — — — — $ 3,174 $ 349 $ 82,820 $ 6,069 $ 55,723 $ 9,521 $ 7,192 $ 11,244 $ 2,482 $ 68,279 $ 246,853 Nonaccrual $ — $ — $ 137 $ — $ 4,166 $ — $ — $ — $ — $ 139 $ 4,442 Troubled debt restructures $ — $ — $ 38 $ — $ — $ — $ — $ — $ — $ — $ 38 Number of TDRs accounts — — 1 — — — — — — — 1 Non-performing TDRs $ — $ — $ 38 $ — $ — $ — $ — $ — $ — $ — $ — Number of non-performing TDR accounts — — 1 — — — — — — — 1 Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans December 31, 2020 Construction Singlefamily Commercial Commercial (dollars in thousands) and Land Farmland Residential Multifamily Commercial and Industrial SBA Guaranty SBA PPP Consumer Automobile Total Pass $ 2,553 $ 350 $ 82,310 $ 6,105 $ 52,534 $ 10,800 $ 7,200 $ 9,912 $ 3,030 $ 74,064 $ 248,858 Special mention — — — — — — — — — — — Substandard — — 210 — 4,493 — — — 33 62 4,798 Doubtful — — — — — — — — — 116 116 Loss — — — — — — — — — — — $ 2,553 $ 350 $ 82,520 $ 6,105 $ 57,027 $ 10,800 $ 7,200 $ 9,912 $ 3,063 $ 74,242 $ 253,772 Nonaccrual $ — $ — $ 270 $ — $ 4,029 $ — $ — $ — $ 34 $ 179 $ 4,512 Troubled debt restructures $ — $ — $ 39 $ — $ — $ — $ — $ — $ — $ — $ 39 Number of TDRs accounts — — 1 — — — — — — — 1 Non-performing TDRs $ — $ — $ 39 $ — $ — $ — $ — $ — $ $ — $ 39 Number of non-performing TDR accounts — — 1 — — — — — 1 — 1

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2021
FAIR VALUE
FAIR VALUE	NOTE 6 – FAIR VALUE ASC Topic 820 provides a framework for measuring and disclosing fair value under GAAP. ASC 820 requires disclosures about the fair value of assets and liabilities recognized in the balance sheet in periods subsequent to initial recognition, whether the measurements are made on a recurring basis (for example, available-for-sale investment securities) or a nonrecurring basis (for example, impaired loans). ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes 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 Fair Value Hierarchy ASC 820‑10 specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. In accordance with ASC 820‑10, these inputs are summarized in the three broad levels listed below: · Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. · Level 2 – Other significant observable inputs (including quoted prices in active markets for similar securities). · Level 3 – Significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments). The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Investment Securities Available-for-Sale and Interest Rate Swaps. Investment securities available-for-sale and interest rate swap contracts are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange such as the New York Stock Exchange, Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage backed securities issued by government sponsored entities, municipal bonds and corporate debt securities, and interest rate swap contracts. Securities classified as Level 3 include asset-backed securities in illiquid markets. The Bank may be required, from time to time, to measure certain other financial and non-financial assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. Loans. At March 31, 2021, these assets included 5 loans, excluding $1,806,384 of single-family residential, commercial real estate and automobile loans. They have been classified as impaired and include nonaccrual, past due 90 days or more and still accruing, and a homogeneous pool of indirect loans all considered to be impaired loans, which are valued under Level 3 inputs. Impaired loans totaled $2,635,565 with $10,589 of specific reserves as of March 31, 2021. Foreclosed real estate assets are primarily valued on a nonrecurring basis at the fair values of the underlying real estate collateral. The Company is predominantly a cash flow lender with real estate serving as collateral on a majority of loans. Impaired loans totaled $4,204,863 as of March 31, 2021. On a quarterly basis, the Company determines such fair values through a variety of data points and mostly rely on appraisals from independent appraisers. We obtain an appraisal on properties when they become impaired and conduct new appraisals at least every year. Typically, these appraisals do not include an inside inspection of the property as our loan documents do not require the borrower to allow access to the property. Therefore, the most significant unobservable inputs are the details of the amenities included within the property and the condition of the property. Further, we cannot always accurately assess the amount of time it takes to gain ownership of our collateral through the foreclosure process and the damage, as well as potential looting, of the property further decreasing our value. Thus, in determining the fair values we discount the current independent appraisals, with a range from 0% to 16%, based on individual circumstances. The remaining impaired loans ($237,000 with $10,589 of specific reserves as of March 31, 2021) include single-family residential, automobile loans, which are valued based on the value of the underlying collateral. The changes in the assets subject to fair value measurements are summarized below by level: Fair (dollars in thousands) Level 1 Level 2 Level 3 Value March 31, 2021 Recurring: Securities available for sale Collateralized mortgage obligations $ — $ 27,020 $ — $ 27,020 Agency mortgage-backed securities — 35,270 — 35,270 Municipal securities — 30,997 — 30,997 U.S. Government agency securities — 41,610 — 41,610 Interest rate swap — (810) — (810) Non-recurring: Maryland Financial Bank stock — — 3 3 Impaired loans — — 4,431 4,431 OREO — 575 — 575 $ — $ 134,662 $ 4,434 $ 139,096 December 31, 2020 Recurring: Securities available for sale Collateralized mortgage obligations $ — $ 24,643 $ — $ 24,643 Agency mortgage-backed securities — 26,948 — 26,948 Municipal securities — 29,413 — 29,413 U.S. Government agency securities — 33,045 — 33,045 Interest rate swap — (949) — (949) Non-recurring: Maryland Financial Bank stock — — 3 3 Impaired loans — — 4,893 4,893 OREO 575 575 $ — $ 113,675 $ 4,896 $ 118,571 The estimated fair values of the Company’s financial instruments at March 31, 2021 and December 31, 2020 are summarized below. The fair values of a significant portion of these financial instruments are estimates derived using present value techniques and may not be indicative of the net realizable or liquidation values. Also, the calculation of estimated fair values is based on market conditions at a specific point in time and may not reflect current or future fair values. March 31, 2021 December 31, 2020 (dollars in thousands) Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Cash and due from banks $ 2,130 $ 2,130 $ 2,117 $ 2,117 Interest-bearing deposits in other financial institutions 33,277 33,277 29,730 29,730 Federal funds sold 5,067 5,067 5,246 5,246 Investment securities available for sale 134,897 134,897 114,049 114,049 Investments in restricted stock 1,062 1,062 1,199 1,199 Ground rents 140 140 140 140 Loans, less allowance for credit losses 243,932 249,391 252,296 253,946 Accrued interest receivable 1,277 1,277 1,302 1,302 Cash value of life insurance 8,219 8,219 8,181 8,181 Financial liabilities: Deposits 368,923 369,234 349,620 350,666 Short-term borrowings 31,244 31,236 29,912 29,935 Accrued interest payable 17 17 16 16 Unrecognized financial instruments: Commitments to extend credit 30,729 30,729 31,561 31,561 Standby letters of credit 1,044 1,044 1,044 1,044 The following table presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments that were estimated using an exit pricing notion. (dollars in thousands) Carrying Fair March 31, 2021 Amount Value Level 1 Level 2 Level 3 Financial instruments - Assets Cash and cash equivalents $ 40,474 $ 40,474 $ 40,474 $ — $ — Loans receivable, net 243,932 249,391 — — 249,391 Cash value of life insurance 8,219 8,219 — 8,219 — Financial instruments - Liabilities Deposits 368,923 369,234 147,911 221,323 — Short-term debt 31,244 31,236 11,244 19,992 — Fair values are based on quoted market prices for similar instruments or estimated using discounted cash flows. The discounts used are estimated using comparable market rates for similar types of instruments adjusted to be commensurate with the credit risk, overhead costs, and optionality of such instruments. The fair value of cash and due from banks, federal funds sold, investments in restricted stocks and accrued interest receivable are equal to the carrying amounts. The fair values of investment securities are determined using market quotations, if available, or measured using pricing models or other model-based valuation techniques such as present value and future value cash flows. The fair value of loans receivable is estimated using discounted cash flow analysis. For cash surrender value of life insurance, the carrying value is a reasonable estimate of fair value. Cash surrender value of life insurance is reported in the Level 2 fair value category. The fair value of the Commercial SBA PPP loans is equal to the carrying amounts. The fair value of FHLB borrowings is estimated based upon discounted future cash flows using a discounted rate comparable to the current market rate for such borrowings. FHLB borrowings are reported in the Level 2 fair value category. The fair value of non-interest bearing deposits, interest-bearing checking, savings, and money market deposit accounts, securities sold under agreements to repurchase, and accrued interest payable are equal to the carrying amounts. The fair value of fixed-maturity time deposits is estimated using discounted cash flow analysis.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2021
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 7 – RECENT ACCOUNTING PRONOUNCEMENTS New accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") with required effective dates. The following accounting pronouncements should be read in conjunction with "Critical Accounting Policies" of Management’s Discussion and Analysis of Financial Condition and Results of Operations included in the Company’s 2020 Form 10-K. ASU 2016-13 "Financial Instruments - Credit Losses (Topic 326)" ("ASU 2016-13") requires an entity to utilize a new impairment model known as the current expected credit loss ("CECL") model to estimate its lifetime "expected credit loss" and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. The CECL model is expected to result in more timely recognition of credit losses. ASU 2016-13 also requires new disclosures for financial assets measured at amortized cost, loans, and available-for-sale debt securities. Entities will apply the standard's provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. ASU 2016-13, as updated, was adopted on January 1, 2021. Through the date of adoption, we held working group meetings that included individuals from various functional areas relevant to the implementation of CECL. Additionally, an assessment of our primary modeling tool was completed, which enabled us to complete parallel runs utilizing second and third quarter 2020 data, during which preliminary operational procedures and internal controls were designed. Management's working group also validated the appropriateness of, among other things, management’s decisions regarding portfolio segmentation, life of loan considerations, and reasonable and supportable forecasting methodology. The Company early adopted ASC 326 during the first quarter 2021 and based on the application of the modified retrospective method, it became effective on January 1, 2021 for all financial assets measured at amortized cost (primarily loans receivable) and off-balance-sheet credit exposures. Results for reporting periods beginning after January 1, 2021 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a decrease to retained earnings of $1,472,000 as of January 1, 2021 for the cumulative effect of adopting ASC 326 as further detailed below. CECL December 31, 2020 Adoption Impact January 1, 2021 (dollars in thousands) Allowance for credit losses: Loans Secured by Real Estate Construction and land $ 10 $ 16 $ 26 Farmland 2 9 11 Single-family residential 512 854 1,366 Multi-family 39 63 102 Commercial 218 199 417 Total loans secured by real estate 781 1,141 1,922 Commercial and Industrial Commercial and industrial 67 120 187 SBA guaranty 48 (6) 42 Total commercial and industrial loans 115 114 229 Consumer Loans Consumer 11 46 57 Automobile 569 273 842 Total consumer loans 580 319 899 Total allowance for loan losses 1,476 1,574 3,050 Reserve for unfunded commitments 33 457 490 Total allowance for credit losses $ 1,509 $ 2,031 $ 3,540 Retained earnings Total pre-tax impact $ 2,031 Tax effect (559) Decrease to retained earnings $ 1,472 ASU 2019-12, “Simplifying the Accounting for Income Taxes (Topic 740).” ASU 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions Between Topic 321, Topic 323, and Topic 815 (a Consensus of the Emerging Issues Task Force).” The ASU clarifies the interaction between ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities and the ASU on equity method investments. ASU 2016-01 provides companies with an alternative to measure certain equity securities without a readily determinable fair value at cost, minus impairment, if any, unless an observable transaction for an identical or similar security occurs. ASU 2020-01 clarifies that for purposes of applying the Topic 321 measurement alternative, an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting under Topic 323, immediately before applying or upon discontinuing the equity method. In addition, the new ASU provides direction that a company should not consider whether the underlying securities would be accounted for under the equity method or the fair value option when it is determining the accounting for certain forward contracts and purchased options, upon either settlement or exercise. The amendments in this update become effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted, and the amendments are to be applied prospectively. There was no material impact from adopting the new guidance on the Company’s consolidated financial statements. ASU No. 2020-04, “Reference Rate Reform (Topic 848).” The ASU provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. It provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this update are effective for all entities as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact of adopting the new guidance on the consolidated financial statements . ASU No. 2020-08, “Codification Improvements to Subtopic 310-20, Receivables-Nonrefundable Fees and Other Costs.” The amendments in this update clarify that an entity should reevaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. The amendments in this update are effective beginning after December 15, 2020. The adoption of the guidance did not have a material impact on the Company's consolidated financial statements. ASU No. 2020-10, “Codification Improvements.” The ASU improves reporting consistency by amending the Codification to include all disclosure guidance in the appropriate disclosure sections. It clarifies the application of various provisions in the Codification by amending and adding new headings, cross referencing to other guidance, and refining or correcting terminology. The amendments are effective for annual periods beginning after December 15, 2020, and early application is permitted. The adoption of the guidance did not have a material impact on the Company's consolidated financial statements. ASU No. 2021-01, “Reference Rate Reform (Topic 848): Scope.” The ASU clarifies that all derivative instruments affected by changes to the interest rates used for discounting, margining, or contract price alignment due to reference rate reform are in the scope of ASC 848. Entities may apply certain optional expedients in ASC 848 to derivative instruments that do not reference LIBOR or another rate expected to be discontinued as a result of reference rate reform if there is a change to the interest rate used for discounting, margining or contract price alignment. The ASU also clarifies other aspects of ASC 848 and provides new guidance on how to address the effects of the cash compensation adjustment that is provided as part of the above change on certain aspects of hedge accounting. The ASU is intended to reduce diversity in practice related to accounting for (1) modifications to the terms of affected derivatives; and (2) existing hedging relationships in which the affected derivatives are designated as hedging instruments. ASU 2021-01 is effective upon issuance and generally can be applied through December 31, 2022. Entities may elect to apply the guidance on contract modifications either (1) retrospectively as of any date from the beginning of any interim period that includes March 12, 2020; or (2) prospectively to new modifications from any date in an interim period that includes or is after January 7, 2021, up to the date that financial statements are available to be issued. The Company is currently evaluating the impact of adopting the new guidance on the consolidated financial statements.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2021
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 8 – REVENUE RECOGNITION On January 1, 2018, the Company adopted ASU No. 2014-09 “Revenue from Contracts with Customers” (Topic 606) and all subsequent ASUs that modified Topic 606. The implementation of the new standard did not have a material impact on the measurement or recognition of revenue; as such, a cumulative effect adjustment to opening retained earnings was not deemed necessary. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting under Topic 605. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. Topic 606 is applicable to noninterest revenue streams such as deposit related fees, interchange fees and merchant income. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts. Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or at the end of the month through a direct charge to customers’ accounts. Other Noninterest Income. Other noninterest income consists of: fees, exchange, other service charges, safety deposit box rental fees, and other miscellaneous revenue streams. Fees and other service charges are primarily comprised of debit card income, ATM fees, merchant services income, and other service charges. Debit card income is primarily comprised of interchange fees earned whenever the Company’s debit cards are processed through card payment networks. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses – Loans Receivable Effective January 1, 2021, the Company applied ASU 2016-13, Financial Instruments - Credit Losses ("ASC 326"), such that the allowance calculation is based on CECL methodology. Prior to January 1, 2021, the calculation was based on incurred loss methodology. See Note 7 "Recent Accounting Pronouncements" and Note 5 "Loans Receivable and Allowance for Loan Losses" for details. The Company maintains an allowance for credit losses (“ACL”) for the expected credit losses of the loan portfolio as well as unfunded loan commitments. The amount of ACL is based on ongoing, quarterly assessments by management. The CECL methodology requires an estimate of the credit losses expected over the life of an exposure (or pool of exposures) and replaces the incurred loss methodology’s threshold that delayed the recognition of a credit loss until it was probable a loss event was incurred. The ACL consists of the allowance for loan losses and the reserve for unfunded commitments. The estimate of expected credit losses under the CECL methodology is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. We then consider whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not exist over the period that historical experience was based for each loan type. Finally, we consider forecasts about future economic conditions or changes in collateral values that are reasonable and supportable. Portfolio segment is defined as the level at which the Company develops and documents a systematic methodology to determine its ACL. The Company has designated three loan portfolio segments: loans secured by real estate, commercial and industrial loans and consumer loans. These loan portfolio segments are further disaggregated into classes, which represent loans of similar type, risk characteristics, and methods for monitoring and assessing credit risk. The loans secured by real estate portfolio segment is disaggregated into five classes: construction and land, farmland, family residential, multifamily, and commercial. The commercial and industrial portfolio segment is disaggregated into two classes: commercial and industrial, and SBA guaranty. The risk of loss for the commercial and industrial loan portfolio segment is generally most indicated by the credit risk rating assigned to each borrower. Commercial and industrial loan risk ratings are determined by experienced senior credit officers based on specific facts and circumstances and are subject to periodic review by an independent internal team of credit specialists. The consumer loan portfolio segment is disaggregated into two classes: consumer and automobile. The risk of loss for the consumer loan portfolio segment is generally most indicated by delinquency status and general economic factors. Each of the three loan portfolio classes may also be further segmented based on risk characteristics. For most of our loan portfolio classes, the historical loss experience is determined using the Average Charge-Off Method. This method pools loans into groups (“cohorts”) sharing similar risk characteristics and tracks each cohort’s net charge-offs over the lives of the loans. Average Charge-off uses historical values by period to calculate losses and then applies the historical average to future balances over the life of the account. The historical loss rates for each cohort are then averaged to calculate an overall historical loss rate which is applied to the current loan balance to arrive at the quantitative baseline portion of the allowance for credit losses for the respective loan portfolio class. For certain loan portfolio classes, the Company determined there was not sufficient historical loss information to calculate a meaningful historical loss rate using the average charge-off methodology. For any such loan portfolio class, peer group history contributes to the Company’s weighted average loss history. The peer group data is included in the weighted average loss history that is developed for each loan pool. The Company also considers qualitative adjustments to the historical loss rate for each loan portfolio class. The qualitative adjustments for each loan class consider the conditions over the period from which historical loss experience was based and are split into two components: 1) asset or class specific risk characteristics or current conditions at the reporting date related to portfolio credit quality, remaining payments, volume and nature, credit culture and management, business environment or other management factors and 2) reasonable and supportable forecast of future economic conditions and collateral values. The Company performs a quarterly asset quality review which includes a review of forecasted gross charge-offs and recoveries, nonperforming assets, criticized loans, risk rating migration, delinquencies, etc. The asset quality review is performed by management and the results are used to consider a qualitative overlay to the quantitative baseline. When management deems it to be appropriate, the Company establishes a specific reserve for individually evaluated loans that do not share similar risk characteristics with the loans included in each respective loan pool. These individually evaluated loans are removed from their respective pools and typically represent collateral dependent loans but may also include other non-performing loans or troubled debt restructurings (“TDRs”). Allowance for Credit Losses – Held-to-Maturity Debt Securities For held-to-maturity (“HTM”) debt securities, the Company is required to utilize a CECL methodology to estimate expected credit losses. The Company does not own any HTM debt securities. Therefore, the Company did not record an allowance for credit losses for these types of securities. Allowance for Credit Losses – Available-for-Sale Debt Securities The impairment model for available-for-sale (“AFS”) debt securities differs from the CECL methodology applied for HTM debt securities because AFS debt securities are measured at fair value rather than amortized cost. Although ASC 326 replaced the legacy other-than-temporary impairment (“OTTI”) model with a credit loss model, it retained the fundamental nature of the legacy OTTI model. For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either criteria is met, the security’s amortized cost basis is written down to fair value through income. For AFS debt securities where neither of the criteria are met, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the credit rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment 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, limited to the amount that the fair value is less than the amortized cost basis. Any remaining discount that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Under the new guidance, an entity may no longer consider the length of time fair value has been less than amortized cost. Changes in the allowance for credit losses are recorded as a provision (or release) for credit losses. Losses are charged against the allowance when management believes the collectability of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As of January 1, 2021, the Company determined that the unrealized loss positions in AFS securities were not the result of credit losses, and therefore, an allowance for credit losses was not recorded.
Off-Balance-Sheet Credit Exposures	Off-Balance-Sheet Credit Exposures The only material off-balance-sheet credit exposures are unfunded loan commitments, which had a combined balance of $31.8 million at March 31, 2021. The reserve for unfunded commitments is recognized as a liability (other liabilities in the consolidated statements of financial condition), with adjustments to the reserve recognized through provision for credit losses in the consolidated statements of income. The reserve for unfunded commitments represents the expected lifetime credit losses on off-balance sheet obligations such as commitments to extend credit and standby letters of credit. However, a liability is not recognized for commitments that are unconditionally cancellable by the Company. The reserve for unfunded commitments is determined by estimating future draws, including the effects of risk mitigation actions, and applying the expected loss rates on those draws. Loss rates are estimated by utilizing the same loss rates calculated for the allowance for credit losses related to the respective loan portfolio class.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, The Bank of Glen Burnie. Consolidation resulted in the elimination of all intercompany accounts and transactions.
Cash Flow Presentation	Cash Flow Presentation In the statements of cash flows, cash and cash equivalents include cash on hand, amounts due from banks, Federal Home Loan Bank of Atlanta (“FHLB Atlanta”) overnight deposits, and federal funds sold. Generally, federal funds are sold for one-day periods.
Reclassifications	Reclassifications Certain items in the 2020 consolidated financial statements have been reclassified to conform to the 2021 classifications. The reclassifications had no effect on previously reported results of operations or retained earnings.
Use of Estimates	Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for credit losses (the “ACL”); the fair value of financial instruments, such as loans and investment securities; benefit plan obligations and expenses; and the valuation of deferred tax assets and liabilities.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2021
EARNINGS PER SHARE
Schedule of earnings per common share	Three Months Ended March 31, 2021 2020 Basic and diluted earnings per share: Net income $ 593,993 $ 268,384 Weighted average common shares outstanding 2,843,775 2,829,375 Basic and dilutive net income per share $ 0.21 $ 0.09

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2021
INVESTMENT SECURITIES
Schedule of summary of investment securities	At March 31, 2021 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Collateralized mortgage obligations $ 26,747 $ 349 $ (76) $ 27,020 Agency mortgage-backed securities 34,993 606 (329) 35,270 Municipal securities 30,962 384 (349) 30,997 U.S. Government agency securities 44,074 — (2,464) 41,610 Total securities available for sale $ 136,776 $ 1,339 $ (3,218) $ 134,897 At December 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Collateralized mortgage obligations $ 24,261 $ 396 $ (14) $ 24,643 Agency mortgage-backed securities 26,072 886 (10) 26,948 Municipal securities 28,675 740 (2) 29,413 U.S. Government agency securities 33,346 9 (310) 33,045 Total securities available for sale $ 112,354 $ 2,031 $ (336) $ 114,049
Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time in continuous unrealized loss position	The 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, 2021 and December 31, 2020 are as follows: March 31, 2021 Less than 12 months 12 months or more Total Securities available for sale: Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (dollars in thousands) Collateralized mortgage obligations $ 2,749 $ (66) $ 1,136 $ (10) $ 3,885 $ (76) Agency mortgage-backed securities 13,534 (319) 555 (10) 14,089 (329) Municipal securities 20,188 (349) — — 20,188 (349) U.S. Government agency securities 41,142 (2,462) 468 (2) 41,610 (2,464) $ 77,613 $ (3,196) $ 2,159 $ (22) $ 79,772 $ (3,218) December 31, 2020 Less than 12 months 12 months or more Total Securities available for sale: Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (dollars in thousands) Collateralized mortgage obligations $ 201 $ — $ 1,188 $ (14) $ 1,389 $ (14) Agency mortgage-backed securities — — 566 (10) 566 (10) Municipal securities 851 (2) — — 851 (2) U.S. Government agency securities 24,160 (308) 481 (2) 24,641 (310) $ 25,212 $ (310) $ 2,235 $ (26) $ 27,447 $ (336)
Schedule of contractual maturities of investment securities	Shown below are contractual maturities of debt securities at March 31, 2021. Actual maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties. At March 31, 2021 Amortized Fair Yield (dollars in thousands) Cost Value (1), (2) Available for sale securities maturing: Within one year $ 453 $ 456 2.00 % Over one to five years 2,042 2,074 1.99 % Over five to ten years 11,565 11,603 1.30 % Over ten years 122,716 120,764 1.96 % Total debt securities $ 136,776 $ 134,897 _____________________ (1) Yields are stated as book yields which are adjusted for amortization and accretion of purchase premiums and discounts, respectively. (2) Yields on tax-exempt obligations are computed on a tax-equivalent basis.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2021
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Schedule of major categories of loans	March 31, December 31, 2021 2020 (dollars in thousands) Amount % Amount % Loans Secured by Real Estate Construction and land $ 3,174 $ 2,553 Farmland 349 — 350 — Single-family residential 82,820 82,520 Multi-family 6,069 6,105 Commercial 55,723 57,027 Total loans secured by real estate 148,135 148,555 Commercial and Industrial Commercial and industrial 9,521 10,800 SBA guaranty 7,192 7,200 Comm SBA PPP 11,244 9,912 Total commercial and industrial loans 27,957 27,912 Consumer Loans Consumer 2,482 3,063 Automobile 68,279 74,242 Total consumer loans 70,761 77,305 Loans, net of deferred fees and costs 246,853 253,772 Less: Allowance for loan losses $ (2,921) $ (1,476) Loans, net 243,932 252,296
Schedule of total allowance by loan segment	Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans March 31, 2021 Construction Single-family Commercial Commercial (dollars in thousands) and Land Farmland Residential Multi-family Commercial and Industrial SBA Guaranty SBA PPP Consumer Automobile Total Balance, beginning of year $ 9 $ 2 $ 513 $ 39 $ 218 $ 67 $ 48 $ — $ 11 $ 569 $ 1,476 Impact of ASC 326 adoption 16 9 854 63 199 120 (6) — 46 273 1,574 Charge-offs — — — — — — — — — (81) (81) Recoveries — — 275 — — — — — — 81 356 Provision for loan losses 7 (1) (272) — (8) (19) (1) — (11) (99) (404) Balance, end of quarter $ 32 $ 10 $ 1,370 $ 102 $ 409 $ 168 $ 41 $ — $ 46 $ 743 $ 2,921 Individually evaluated for impairment: Balance in allowance $ — $ — $ 11 $ — $ — $ — $ — $ — $ — $ — $ 11 Related loan balance — — 38 — — — — — — — 38 Collectively evaluated for impairment: Balance in allowance $ 32 $ 10 $ 1,359 $ 102 $ 409 $ 168 $ 41 $ — $ 46 $ 743 $ 2,910 Related loan balance 3,174 349 82,782 6,069 55,723 9,521 7,192 11,244 2,482 68,279 246,815 Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans December 31, 2020 Construction Single-family Commercial Commercial (dollars in thousands) and Land Farmland Residential Multi-family Commercial and Industrial SBA Guaranty SBA PPP Consumer Automobile Total Balance, beginning of year $ 24 $ 2 $ 849 $ 40 $ 241 $ 69 $ 25 $ — $ 11 $ 805 $ 2,066 Charge-offs — — — — — — — — — (392) (392) Recoveries — — 266 — — 20 — — 6 199 491 Provision for loan losses (15) — (602) (1) (23) (22) 23 — (6) (43) (689) Balance, end of the year $ 9 $ 2 $ 513 $ 39 $ 218 $ 67 $ 48 $ — $ 11 $ 569 $ 1,476 Individually evaluated for impairment: Balance in allowance $ — $ — $ — $ — $ — $ — $ — $ — $ 11 $ — $ 11 Related loan balance — — 132 — — 4,493 — — 39 — 4,664 Collectively evaluated for impairment: Balance in allowance $ 9 $ 2 $ 513 $ 39 $ 218 $ 67 $ 48 $ — $ — $ 569 $ 1,465 Related loan balance 2,553 350 82,388 6,105 57,027 6,307 7,200 9,912 3,024 74,242 249,108
Schedule of allowances for credit losses	March 31, March 31, (dollars in thousands) 2021 2020 Average loans $ 248,920 $ 281,335 Net charge offs to average loans (annualized) (0.44) % 0.10 %
Schedule of reserve for unfunded commitments	Three Months Ended Ended March 31, (dollars in thousands) 2021 2020 Beginning balance $ 33 $ 37 Impact of ASC 326 adoption 457 — Reduction of unfunded reserve (12) — Provisions charged to operations — 13 Ending balance $ 478 $ 50
Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans	At March 31, 2021 90 Days or (dollars in thousands) 30-89 Days More and Current Past Due Still Accruing Nonaccrual Total Loans Secured by Real Estate Construction and land $ 3,174 $ — $ — $ — $ 3,174 Farmland 349 — — — 349 Single-family residential 82,616 51 16 137 82,820 Multi-family 6,069 — — — 6,069 Commercial 51,212 345 — 4,166 55,723 Total loans secured by real estate 143,420 396 16 4,303 148,135 Commercial and Industrial Commercial and industrial 9,521 — — — 9,521 SBA guaranty 7,192 — — — 7,192 Comm SBA PPP 11,244 — — — 11,244 Total commercial and industrial loans 27,957 — — — 27,957 Consumer Loans Consumer 2,481 1 — — 2,482 Automobile 67,919 221 — 139 68,279 Total consumer loans 70,400 222 — 139 70,761 $ 241,777 $ 618 $ 16 $ 4,442 $ 246,853 At December 31, 2020 90 Days or (dollars in thousands) 30-89 Days More and Current Past Due Still Accruing Nonaccrual Total Loans Secured by Real Estate Construction and land $ 2,553 $ — $ — $ — $ 2,553 Farmland 350 — — — 350 Single-family residential 82,232 — 18 270 82,520 Multi-family 6,105 — — — 6,105 Commercial 52,245 753 — 4,029 57,027 Total loans secured by real estate 143,485 753 18 4,299 148,555 Commercial and Industrial — Commercial and industrial 10,800 — — — 10,800 SBA guaranty 7,200 — — — 7,200 Comm SBA PPP 9,912 — — — 9,912 Total commercial and industrial loans 27,912 — — — 27,912 Consumer Loans — Consumer 3,028 1 — 34 3,063 Automobile 73,551 512 — 179 74,242 Total consumer loans 76,579 513 — 213 77,305 $ 247,976 $ 1,266 $ 18 $ 4,512 $ 253,772
Schedule of impaired financing receivables	March 31, 2021 Unpaid Interest Average (dollars in thousands) Recorded Principal Income Specific Recorded Investment Balance Recognized Reserve Investment Impaired loans with specific reserves: Loans Secured by Real Estate Construction and land $ — $ — $ — $ — $ — Farmland — — — — — Single-family residential 27 38 1 11 49 Multi-family — — — — — Commercial — — — — — Total loans secured by real estate 27 38 1 11 49 Commercial and Industrial Commercial and industrial — — — — — SBA guaranty — — — — — Total commercial and industrial loans — — — — — Consumer Loans Consumer — — — — — Automobile — — — — — Total consumer loans — — — — — Total impaired loans with specific reserves $ 27 $ 38 $ 1 $ 11 $ 49 Impaired loans with no specific reserve: Loans Secured by Real Estate Construction and land $ — $ — $ — $ n/a $ — Farmland — — — n/a — Single-family residential 99 99 — n/a 100 Multi-family — — — n/a — Commercial 4,166 4,166 286 n/a 4,777 Total loans secured by real estate 4,265 4,265 286 — 4,877 Commercial and Industrial Commercial and industrial — — — n/a — SBA guaranty — — — n/a — Total commercial and industrial loans — — — — — Consumer Loans Consumer — — — n/a — Automobile 139 139 2 n/a 149 Total consumer loans 139 139 2 n/a 149 Total impaired loans with no specific reserve $ 4,404 $ 4,404 $ 288 $ — $ 5,027 December 31, 2020 Unpaid Interest Average (dollars in thousands) Recorded Principal Income Specific Recorded Investment Balance Recognized Reserve Investment Impaired loans with specific reserves: Loans Secured by Real Estate Construction and land $ — $ — $ — $ — $ — Farmland — — — — — Single-family residential 28 39 2 11 50 Multi-family — — — — — Commercial — — — — — Total loans secured by real estate 28 39 2 11 50 Commercial and Industrial Commercial and industrial — — — — — SBA guaranty — — — — — Total commercial and industrial loans — — — — — Consumer Loans Consumer — — — — — Automobile — — — — — Total consumer loans — — — — — Total impaired loans with specific reserves $ 28 $ 39 $ 2 $ 11 $ 50 Impaired loans with no specific reserve: Loans Secured by Real Estate Construction and land $ — $ — $ — $ n/a $ — Farmland — — — n/a — Single-family residential 171 322 — n/a 544 Multi-family — — — n/a — Commercial 4,493 4,493 185 n/a 4,315 Total loans secured by real estate 4,664 4,815 185 — 4,859 Commercial and Industrial Commercial and industrial — — — n/a — SBA guaranty — — — n/a — Total commercial and industrial loans — — — — — Consumer Loans Consumer 34 34 4 n/a 43 Automobile 178 178 10 n/a 227 Total consumer loans 212 212 14 n/a 270 Total impaired loans with no specific reserve $ 4,876 $ 5,027 $ 199 $ — $ 5,129
Schedule of allowance for loan loss and the unearned income on loans	March 31, December 31, (dollars in thousands) 2021 2020 Troubled debt restructured loans $ 38 $ 39 Non-accrual and 90+ days past due and still accruing loans to average loans 1.79 % 1.63 % Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans 65.5 % 32.6 %
Schedule of non accrual loans	Loans Secured By Real Estate Consumer Loans Single-family (dollars in thousands) Residential Multi-family Commercial Consumer Automobile Total December 31, 2019 $ 790 $ 24 $ 3,139 $ 51 $ 123 $ 4,127 Transfers into nonaccrual — — — — 177 177 Loans paid down/payoffs (11) (4) (32) (5) (22) (74) Loans returned to accrual status — — — — (17) (17) Loans charged off — — — — (125) (125) March 31, 2020 $ 779 $ 20 $ 3,107 $ 46 $ 136 $ 4,088 December 31, 2020 $ 270 $ — $ 4,029 $ 34 $ 179 $ 4,512 Transfers into nonaccrual — — 574 — 69 643 Loans paid down/payoffs (133) — (437) (1) (27) (598) Loans returned to accrual status $ — $ — $ — $ (33) $ — $ (33) Loans charged off — — — — (82) (82) March 31, 2021 $ 137 $ — $ 4,166 $ — $ 139 $ 4,442
Schedule of risk ratings of loans by categories of loans	The following tables provides information with respect to the Company's credit quality indicators by loan portfolio segment at March 31, 2021 and December 31, 2020: Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans March 31, 2021 Construction Single-family Commercial Commercial (dollars in thousands) and Land Farmland Residential Multi-family Commercial and Industrial SBA Guaranty SBA PPP Consumer Automobile Total Pass $ 3,174 $ 349 $ 82,721 $ 6,069 $ 51,557 $ 9,521 $ 7,192 $ 11,244 $ 2,482 $ 68,140 $ 242,449 Special mention — — — — 559 — — — — — 559 Substandard — — 99 — 3,607 — — — — 88 3,794 Doubtful — — — — — — — — — 51 51 Loss — — — — — — — — — — — $ 3,174 $ 349 $ 82,820 $ 6,069 $ 55,723 $ 9,521 $ 7,192 $ 11,244 $ 2,482 $ 68,279 $ 246,853 Nonaccrual $ — $ — $ 137 $ — $ 4,166 $ — $ — $ — $ — $ 139 $ 4,442 Troubled debt restructures $ — $ — $ 38 $ — $ — $ — $ — $ — $ — $ — $ 38 Number of TDRs accounts — — 1 — — — — — — — 1 Non-performing TDRs $ — $ — $ 38 $ — $ — $ — $ — $ — $ — $ — $ — Number of non-performing TDR accounts — — 1 — — — — — — — 1 Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans December 31, 2020 Construction Singlefamily Commercial Commercial (dollars in thousands) and Land Farmland Residential Multifamily Commercial and Industrial SBA Guaranty SBA PPP Consumer Automobile Total Pass $ 2,553 $ 350 $ 82,310 $ 6,105 $ 52,534 $ 10,800 $ 7,200 $ 9,912 $ 3,030 $ 74,064 $ 248,858 Special mention — — — — — — — — — — — Substandard — — 210 — 4,493 — — — 33 62 4,798 Doubtful — — — — — — — — — 116 116 Loss — — — — — — — — — — — $ 2,553 $ 350 $ 82,520 $ 6,105 $ 57,027 $ 10,800 $ 7,200 $ 9,912 $ 3,063 $ 74,242 $ 253,772 Nonaccrual $ — $ — $ 270 $ — $ 4,029 $ — $ — $ — $ 34 $ 179 $ 4,512 Troubled debt restructures $ — $ — $ 39 $ — $ — $ — $ — $ — $ — $ — $ 39 Number of TDRs accounts — — 1 — — — — — — — 1 Non-performing TDRs $ — $ — $ 39 $ — $ — $ — $ — $ — $ $ — $ 39 Number of non-performing TDR accounts — — 1 — — — — — 1 — 1

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2021
FAIR VALUE
Schedule of changes in asset subject to fair value measurement by Level	Fair (dollars in thousands) Level 1 Level 2 Level 3 Value March 31, 2021 Recurring: Securities available for sale Collateralized mortgage obligations $ — $ 27,020 $ — $ 27,020 Agency mortgage-backed securities — 35,270 — 35,270 Municipal securities — 30,997 — 30,997 U.S. Government agency securities — 41,610 — 41,610 Interest rate swap — (810) — (810) Non-recurring: Maryland Financial Bank stock — — 3 3 Impaired loans — — 4,431 4,431 OREO — 575 — 575 $ — $ 134,662 $ 4,434 $ 139,096 December 31, 2020 Recurring: Securities available for sale Collateralized mortgage obligations $ — $ 24,643 $ — $ 24,643 Agency mortgage-backed securities — 26,948 — 26,948 Municipal securities — 29,413 — 29,413 U.S. Government agency securities — 33,045 — 33,045 Interest rate swap — (949) — (949) Non-recurring: Maryland Financial Bank stock — — 3 3 Impaired loans — — 4,893 4,893 OREO 575 575 $ — $ 113,675 $ 4,896 $ 118,571
Schedule of estimated fair values of financial instruments	March 31, 2021 December 31, 2020 (dollars in thousands) Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Cash and due from banks $ 2,130 $ 2,130 $ 2,117 $ 2,117 Interest-bearing deposits in other financial institutions 33,277 33,277 29,730 29,730 Federal funds sold 5,067 5,067 5,246 5,246 Investment securities available for sale 134,897 134,897 114,049 114,049 Investments in restricted stock 1,062 1,062 1,199 1,199 Ground rents 140 140 140 140 Loans, less allowance for credit losses 243,932 249,391 252,296 253,946 Accrued interest receivable 1,277 1,277 1,302 1,302 Cash value of life insurance 8,219 8,219 8,181 8,181 Financial liabilities: Deposits 368,923 369,234 349,620 350,666 Short-term borrowings 31,244 31,236 29,912 29,935 Accrued interest payable 17 17 16 16 Unrecognized financial instruments: Commitments to extend credit 30,729 30,729 31,561 31,561 Standby letters of credit 1,044 1,044 1,044 1,044
Schedule of fair value hierarchy of financial instruments	(dollars in thousands) Carrying Fair March 31, 2021 Amount Value Level 1 Level 2 Level 3 Financial instruments - Assets Cash and cash equivalents $ 40,474 $ 40,474 $ 40,474 $ — $ — Loans receivable, net 243,932 249,391 — — 249,391 Cash value of life insurance 8,219 8,219 — 8,219 — Financial instruments - Liabilities Deposits 368,923 369,234 147,911 221,323 — Short-term debt 31,244 31,236 11,244 19,992 —

EARNINGS PER SHARE - Basic earn

EARNINGS PER SHARE - Basic earnings per share of common stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Basic and diluted earnings per share:
Net income	$ 594	$ 268
Weighted average common shares outstanding (in shares)	2,843,775	2,829,375
Basic and diluted net income per share of common stock	$ 0.21	$ 0.09
Options outstanding	0	0

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Market Value of Securities Available for Sale (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Investment Securities
Amortized Cost	$ 136,776,000	$ 112,354,000
Gross Unrealized Gains	1,339,000	2,031,000
Gross Unrealized Losses	(3,218,000)	(336,000)
Fair Value	134,897,000	114,049,000
Trading securities	0	0
Held to maturity	0	0
Collateralized mortgage obligations
Investment Securities
Amortized Cost	26,747,000	24,261,000
Gross Unrealized Gains	349,000	396,000
Gross Unrealized Losses	(76,000)	(14,000)
Fair Value	27,020,000	24,643,000
Agency mortgage-backed securities
Investment Securities
Amortized Cost	34,993,000	26,072,000
Gross Unrealized Gains	606,000	886,000
Gross Unrealized Losses	(329,000)	(10,000)
Fair Value	35,270,000	26,948,000
Municipal securities
Investment Securities
Amortized Cost	30,962,000	28,675,000
Gross Unrealized Gains	384,000	740,000
Gross Unrealized Losses	(349,000)	(2,000)
Fair Value	30,997,000	29,413,000
U.S. Government agency securities
Investment Securities
Amortized Cost	44,074,000	33,346,000
Gross Unrealized Gains		9,000
Gross Unrealized Losses	(2,464,000)	(310,000)
Fair Value	$ 41,610,000	$ 33,045,000

Investment Securities - Gross U

Investment Securities - Gross Unrealized Losses and Fair Value Aggregated by Investment Category and Length of Time in Continuous Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2021USD ($)security	Dec. 31, 2020USD ($)security
Investment Securities
Less than 12 months Fair Value	$ 77,613	$ 25,212
Less than 12 months Unrealized Loss	(3,196)	(310)
12 months or more Fair Value	2,159	2,235
12 months or more Unrealized Loss	(22)	(26)
Total Fair Value	79,772	27,447
Total Unrealized Loss	$ (3,218)	$ (336)
Number of securities continuous unrealized loss position more than twelve months | security	116	49
Collateralized mortgage obligations
Investment Securities
Less than 12 months Fair Value	$ 2,749	$ 201
Less than 12 months Unrealized Loss	(66)
12 months or more Fair Value	1,136	1,188
12 months or more Unrealized Loss	(10)	(14)
Total Fair Value	3,885	1,389
Total Unrealized Loss	(76)	(14)
Agency mortgage-backed securities
Investment Securities
Less than 12 months Fair Value	13,534
Less than 12 months Unrealized Loss	(319)
12 months or more Fair Value	555	566
12 months or more Unrealized Loss	(10)	(10)
Total Fair Value	14,089	566
Total Unrealized Loss	(329)	(10)
Municipal securities
Investment Securities
Less than 12 months Fair Value	20,188	851
Less than 12 months Unrealized Loss	(349)	(2)
Total Fair Value	20,188	851
Total Unrealized Loss	(349)	(2)
U.S. Government agency securities
Investment Securities
Less than 12 months Fair Value	41,142	24,160
Less than 12 months Unrealized Loss	(2,462)	(308)
12 months or more Fair Value	468	481
12 months or more Unrealized Loss	(2)	(2)
Total Fair Value	41,610	24,641
Total Unrealized Loss	$ (2,464)	$ (310)

Investment Securities - Contrac

Investment Securities - Contractual Maturities of Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available for Sale Amortized Cost
Due within one year	$ 453
Due over one to five years	2,042
Due over five to ten years	11,565
Due over ten years	122,716
Amortized Cost	136,776	$ 112,354
Available for Sale Fair Value
Due within one year	456
Due over one to five years	2,074
Due over five to ten years	11,603
Due over ten years	120,764
Fair Value	$ 134,897	$ 114,049
Available for Sale, Yield
Within one year	2.00%
Over one to five years	1.99%
Over five to ten years	1.30%
Over ten years	1.96%

Loans and Allowance - Major Cat

Loans and Allowance - Major Categories of Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 246,853	$ 253,772
Less: Allowance for loan losses	(2,921)	(1,476)
Loans, net	$ 243,932	$ 252,296
Loans and lease receivable allowances, percentage	100.00%	100.00%
Increase (decrease) in loans and leases receivable	$ (8,400)
Percentage of increase (decrease) in loans and leases receivable	(3.32%)
Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 148,135	$ 148,555
Loans, net		148,555
Commercial and Industrial Sector [Member]
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	27,957	27,912
Loans, net		27,912
Consumer Loan [Member]
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	70,761	77,305
Construction And Land Development | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 3,174	2,553
Loans, net		$ 2,553
Loans and lease receivable allowances, percentage	1.00%	1.00%
Increase (decrease) in loans and leases receivable	$ (600)
Percentage of increase (decrease) in loans and leases receivable	(24.34%)
Farmland | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 349	$ 350
Loans, net		350
Increase (decrease) in loans and leases receivable		$ (100)
Percentage of increase (decrease) in loans and leases receivable		0.42%
Single-family residential | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 82,820	$ 82,520
Loans, net		$ 82,520
Loans and lease receivable allowances, percentage	34.00%	33.00%
Increase (decrease) in loans and leases receivable	$ 300
Percentage of increase (decrease) in loans and leases receivable	0.36%
Multifamily | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 6,069	$ 6,105
Loans, net		$ 6,105
Loans and lease receivable allowances, percentage	2.00%	2.00%
Commercial | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 55,723	$ 57,027
Loans, net		$ 57,027
Loans and lease receivable allowances, percentage	23.00%	23.00%
Increase (decrease) in loans and leases receivable	$ (1,300)
Percentage of increase (decrease) in loans and leases receivable	2.29%
Commercial | Consumer Loan [Member]
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 70,761
Commercial And Industrial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 9,521	$ 10,800
Loans, net		$ 10,800
Loans and lease receivable allowances, percentage	4.00%	4.00%
SBA Guaranty | Commercial and Industrial Sector [Member]
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 7,192	$ 7,200
Loans, net		$ 7,200
Loans and lease receivable allowances, percentage	3.00%	3.00%
Comm SBA PPP | Commercial and Industrial Sector [Member]
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 11,244	$ 9,912
Loans, net		$ 9,912
Loans and lease receivable allowances, percentage	5.00%	4.00%
Increase (decrease) in loans and leases receivable	$ 1,300
Percentage of increase (decrease) in loans and leases receivable	13.44%
Consumer | Consumer Loan [Member]
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 2,482	$ 3,063
Loans, net		$ 3,063
Loans and lease receivable allowances, percentage	1.00%	1.00%
Increase (decrease) in loans and leases receivable	$ 600
Percentage of increase (decrease) in loans and leases receivable	18.97%
Automobile | Consumer Loan [Member]
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 68,279	$ 74,242
Loans and lease receivable allowances, percentage	27.00%	29.00%
Increase (decrease) in loans and leases receivable	$ 6,000
Percentage of increase (decrease) in loans and leases receivable	8.03%

Loans and Allowance - Allowance

Loans and Allowance - Allowance by Loan Segment (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	$ 1,476	$ 2,066	$ 2,066
Impact of ASC 326 adoption	1,574
Charged off	(81)	(125)	(392)
Recoveries	356		491
Provision for loan losses	(404)	(80)	689
Balance, end of year	2,921		1,476
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	11		11
Individually evaluated for impairment, Related loan balance	38		4,664
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	2,910		1,465
Collectively evaluated for impairment, Related loan balance	246,815		249,108
Real Estate Loan
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	11		11
Construction And Land Development | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	9	24	24
Impact of ASC 326 adoption	16
Provision for loan losses	7		15
Balance, end of year	32		9
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	32		9
Collectively evaluated for impairment, Related loan balance	3,174		2,553
Farmland | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	2	2	2
Impact of ASC 326 adoption	9
Provision for loan losses	(1)
Balance, end of year	10		2
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	10		2
Collectively evaluated for impairment, Related loan balance	349		350
Single-family residential | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	513	849	849
Impact of ASC 326 adoption	854
Recoveries	275		266
Provision for loan losses	(272)		602
Balance, end of year	1,370		513
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	11		11
Individually evaluated for impairment, Related loan balance	38		132
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	1,359		513
Collectively evaluated for impairment, Related loan balance	82,782		82,388
Multifamily | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	39	40	40
Impact of ASC 326 adoption	63
Provision for loan losses			1
Balance, end of year	102		39
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	102		39
Collectively evaluated for impairment, Related loan balance	6,069		6,105
Commercial And Industrial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	67	69	69
Impact of ASC 326 adoption	120
Recoveries			20
Provision for loan losses	(19)		22
Balance, end of year	168		67
Individually evaluated for impairment:
Individually evaluated for impairment, Related loan balance			4,493
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	168		67
Collectively evaluated for impairment, Related loan balance	9,521		6,307
Commercial | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	218	241	241
Impact of ASC 326 adoption	199
Provision for loan losses	(8)		23
Balance, end of year	409		218
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	409		218
Collectively evaluated for impairment, Related loan balance	55,723		57,027
SBA Guaranty | Commercial and Industrial Sector [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	48	25	25
Impact of ASC 326 adoption	(6)
Provision for loan losses	(1)		(23)
Balance, end of year	41		48
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	41		48
Collectively evaluated for impairment, Related loan balance	7,192		7,200
Comm SBA PPP | Commercial and Industrial Sector [Member]
Collectively evaluated for impairment:
Collectively evaluated for impairment, Related loan balance	11,244		9,912
Consumer | Consumer Loan [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	11	11	11
Impact of ASC 326 adoption	46
Recoveries			6
Provision for loan losses	(11)		6
Balance, end of year	46		11
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance			11
Individually evaluated for impairment, Related loan balance			39
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	46
Collectively evaluated for impairment, Related loan balance	2,482		3,024
Automobile | Consumer Loan [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	569	$ 805	805
Impact of ASC 326 adoption	273
Charged off	(81)		(392)
Recoveries	81		199
Provision for loan losses	(99)		43
Balance, end of year	743		569
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	743		569
Collectively evaluated for impairment, Related loan balance	$ 68,279		$ 74,242

Loans and Allowance - Allowan_2

Loans and Allowance - Allowance for Credit Losses (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021USD ($)borrower	Mar. 31, 2020USD ($)borrower	Dec. 31, 2020USD ($)
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Average loans	$ 248,920	$ 281,335
Net charge-offs to average loans (annualized)	(0.44%)	0.10%
Number of borrowers | borrower	8	14
Loans charged off	$ 81	$ 125	$ 392
Outstanding commitments	31,800	31,200
Unfunded commitments
Beginning balance	33	37	37
Impact of ASC 326 adoption	457
Reduction of unfunded reserve	(12)
Provisions charged to operations		13
Ending balance	$ 478	$ 50	$ 33

Loans and Allowance - Current,

Loans and Allowance - Current, Past Due, and Non-Accrual Loans by Categories of loans and Restructured Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 241,777	$ 247,976
Non-accrual	4,442	4,512	$ 4,088	$ 4,127
Total	246,853	253,772
Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	618	1,266
Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days or More and Still Accruing	16	18
Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	143,420	143,485
Non-accrual	4,303	4,299
Total	148,135	148,555
Real Estate Loan | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	396	753
Real Estate Loan | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days or More and Still Accruing	16	18
Commercial and Industrial Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	27,957	27,912
Total	27,957	27,912
Consumer Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		76,579
Non-accrual		213
Total	70,761	77,305
Consumer Loan [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		513
Construction And Land Development | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	3,174	2,553
Total	3,174	2,553
Farmland | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	349	350
Total	349	350
Single-family residential | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	82,616	82,232
Non-accrual	137	270	779	790
Total	82,820	82,520
Single-family residential | Real Estate Loan | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	51
Single-family residential | Real Estate Loan | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days or More and Still Accruing	16	18
Multifamily | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	6,069	6,105
Non-accrual			20	24
Total	6,069	6,105
Commercial | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	51,212	52,245
Non-accrual	4,166	4,029	3,107	3,139
Total	55,723	57,027
Commercial | Real Estate Loan | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	345	753
Commercial | Consumer Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	70,400
Non-accrual	139
Total	70,761
Commercial | Consumer Loan [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	222
Commercial And Industrial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	9,521	10,800
Total	9,521	10,800
SBA Guaranty | Commercial and Industrial Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	7,192	7,200
Total	7,192	7,200
Comm SBA PPP | Commercial and Industrial Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	11,244	9,912
Total	11,244	9,912
Consumer | Consumer Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,481	3,028
Non-accrual		34	46	51
Total	2,482	3,063
Consumer | Consumer Loan [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1	1
Automobile | Consumer Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	67,919	73,551
Non-accrual	139	179	$ 136	$ 123
Total	68,279	74,242
Automobile | Consumer Loan [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	$ 221	$ 512

Loans and Allowance - Impaired

Loans and Allowance - Impaired Financing Receivables (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	$ 27,000	$ 28,000
Unpaid Principal Balance with specific reserves	38,000	39,000
Interest Income Recognized with specific reserves	1,000	2,000
Specific Reserve with specific reserves	11,000	11,000
Average Recorded Investment	49,000	50,000
Recorded Investment with no specific reserve	4,404,000	4,876,000
Unpaid Principal Balance with no specific reserve	4,404,000	5,027,000
Interest Income Recognized with no specific reserve	288,000	199,000
Specific Reserve	10,589
Average Recorded Investment with no specific reserve	5,027,000	5,129,000
Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	27,000	28,000
Unpaid Principal Balance with specific reserves	38,000	39,000
Interest Income Recognized with specific reserves	1,000	2,000
Specific Reserve with specific reserves	11,000	11,000
Average Recorded Investment	49,000	50,000
Recorded Investment with no specific reserve	4,265,000	4,664,000
Unpaid Principal Balance with no specific reserve	4,265,000	4,815,000
Interest Income Recognized with no specific reserve	286,000	185,000
Average Recorded Investment with no specific reserve	4,877,000	4,859,000
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	139,000	212,000
Unpaid Principal Balance with no specific reserve	139,000	212,000
Interest Income Recognized with no specific reserve	2,000	14,000
Average Recorded Investment with no specific reserve	149,000	270,000
Single-family residential | Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	27,000	28,000
Unpaid Principal Balance with specific reserves	38,000	39,000
Interest Income Recognized with specific reserves	1,000	2,000
Specific Reserve with specific reserves	11,000	11,000
Average Recorded Investment	49,000	50,000
Recorded Investment with no specific reserve	99,000	171,000
Unpaid Principal Balance with no specific reserve	99,000	322,000
Average Recorded Investment with no specific reserve	100,000	544,000
Commercial | Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	4,166,000	4,493,000
Unpaid Principal Balance with no specific reserve	4,166,000	4,493,000
Interest Income Recognized with no specific reserve	286,000	185,000
Average Recorded Investment with no specific reserve	4,777,000	4,315,000
Consumer | Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Specific Reserve with specific reserves		11,000
Recorded Investment with no specific reserve		34,000
Unpaid Principal Balance with no specific reserve		34,000
Interest Income Recognized with no specific reserve		4,000
Average Recorded Investment with no specific reserve		43,000
Automobile | Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	139,000	178,000
Unpaid Principal Balance with no specific reserve	139,000	178,000
Interest Income Recognized with no specific reserve	2,000	10,000
Average Recorded Investment with no specific reserve	$ 149,000	$ 227,000

Loans and Allowance - Troubled

Loans and Allowance - Troubled debt restructured loans (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Troubled debt restructured loans	$ 38,000	$ 39,000
Non-accrual and 90+ days past due and still accruing loans to average loans	1.79%	1.63%
Allowance for credit losses to non-accrual and 90 days or more and still accruing loans	65.50%	32.60%
Consumer
Financing Receivable, Impaired [Line Items]
Troubled debt restructured loans	$ 37,961

Loans and Allowance - Non-accru

Loans and Allowance - Non-accrual loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	$ 4,512	$ 4,127
Transfer into non-accrual	643	177
Loans paid down/payoffs	(598)	(74)
Loans return to accrual status	(33)	(17)
Loans charged off	(82)	(125)
Balance	4,442	4,088
Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	4,299
Balance	4,303
Consumer Loan [Member]
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	213
Single-family residential | Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	270	790
Loans paid down/payoffs	(133)	(11)
Balance	137	779
Multifamily | Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance		24
Loans paid down/payoffs		(4)
Balance		20
Commercial | Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	4,029	3,139
Transfer into non-accrual	574
Loans paid down/payoffs	(437)	(32)
Balance	4,166	3,107
Commercial | Consumer Loan [Member]
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	139
Consumer | Consumer Loan [Member]
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	34	51
Loans paid down/payoffs	(1)	(5)
Loans return to accrual status	(33)
Balance		46
Automobile | Consumer Loan [Member]
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	179	123
Transfer into non-accrual	69	177
Loans paid down/payoffs	(27)	(22)
Loans return to accrual status		(17)
Loans charged off	(82)	(125)
Balance	$ 139	$ 136

Loans and Allowance - Credit Qu

Loans and Allowance - Credit Quality Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)loan	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 246,853	$ 253,772
Non-accrual	4,442	4,512	$ 4,088	$ 4,127
Troubled debt restructures	$ 38	$ 39
Number of TDRs accounts	1	1
Non-performing TDRs		39
Number of non-performing TDRs accounts	1	1
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 242,449	$ 248,858
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	559
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,794	4,798
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	51	116
Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	148,135	148,555
Non-accrual	4,303	4,299
Commercial and Industrial Sector [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	27,957	27,912
Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	70,761	77,305
Non-accrual		213
Construction And Land Development | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,174	2,553
Construction And Land Development | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,174	2,553
Farmland | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	349	350
Farmland | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	349	350
Single-family residential | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	82,820	82,520
Non-accrual	137	270	779	790
Troubled debt restructures	$ 38	$ 39
Number of TDRs accounts	1	1
Non-performing TDRs	38	39
Number of non-performing TDRs accounts	1	1
Single-family residential | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 82,721	$ 82,310
Single-family residential | Real Estate Loan | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	99	210
Multifamily | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,069	6,105
Non-accrual			20	24
Multifamily | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,069	6,105
Commercial | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	55,723	57,027
Non-accrual	4,166	4,029	3,107	3,139
Commercial | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	51,557	52,534
Commercial | Real Estate Loan | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	559
Commercial | Real Estate Loan | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,607	4,493
Commercial | Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	70,761
Non-accrual	139
Commercial And Industrial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,521	10,800
Commercial And Industrial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,521	10,800
SBA Guaranty | Commercial and Industrial Sector [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,192	7,200
SBA Guaranty | Commercial and Industrial Sector [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,192	7,200
Comm SBA PPP | Commercial and Industrial Sector [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	11,244	9,912
Comm SBA PPP | Commercial and Industrial Sector [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	11,244	9,912
Consumer | Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,482	3,063
Non-accrual		$ 34	46	51
Non-performing TDRs		39
Number of non-performing TDRs accounts | loan		1
Consumer | Consumer Loan [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,482	$ 3,030
Consumer | Consumer Loan [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		33
Automobile | Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	68,279	74,242
Non-accrual	139	179	$ 136	$ 123
Automobile | Consumer Loan [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	68,140	74,064
Automobile | Consumer Loan [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	88	62
Automobile | Consumer Loan [Member] | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 51	$ 116

Loans and Allowance - (Details)

Loans and Allowance - (Details)	3 Months Ended
	Mar. 31, 2021borrowerloan	Mar. 31, 2020borrower
Financing Receivable, Impaired [Line Items]
Number of borrowers | borrower	8	14
Consumer
Financing Receivable, Impaired [Line Items]
Number of loans | loan	1

FAIR VALUE (Details)

FAIR VALUE (Details)	Mar. 31, 2021USD ($)loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Specific reserve amount	$ 10,589
Impaired real estate loans	4,204,863,000,000
Minimum | Discount Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of discount rate	0
Maximum | Discount Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of discount rate	$ 16
Indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of impaired loans classified as nonaccrual loans | loan	5
Impaired loans includes nonaccrual, past due 90 days or more and still accruing	$ 1,806,384,000,000
Remaining impaired loan	237,000
Specific reserve amount	$ 10,589

FAIR VALUE - Changes in the ass

FAIR VALUE - Changes in the assets subject to fair value measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ (134,897)	$ (114,049)
Fair Value.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	139,096	118,571
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	134,662	113,675
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	4,434	4,896
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(27,020)	(24,643)
Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(35,270)	(26,948)
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(30,997)	(29,413)
Recurring | Collateralized mortgage obligations | Fair Value.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(27,020)	(24,643)
Recurring | Collateralized mortgage obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(27,020)	(24,643)
Recurring | Agency mortgage-backed securities | Fair Value.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(35,270)	(26,948)
Recurring | Agency mortgage-backed securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(35,270)	(26,948)
Recurring | Municipal securities | Fair Value.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(30,997)	(29,413)
Recurring | Municipal securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(30,997)	(29,413)
Recurring | US Government Securities | Fair Value.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(41,610)	(33,045)
Recurring | US Government Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(41,610)	(33,045)
Recurring | Interest rate swap | Fair Value.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(810)	(949)
Recurring | Interest rate swap | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	(810)	(949)
Nonrecurring | Fair Value.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maryland Financial Bank stock	3	3
Impaired loans	4,431	4,893
OREO	575	575
Nonrecurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	575	575
Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maryland Financial Bank stock	3	3
Impaired loans	$ 4,431	$ 4,893

FAIR VALUE - Estimated fair val

FAIR VALUE - Estimated fair values of the Company's financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financial assets - Carrying Amount
Cash and due from banks	$ 2,130	$ 2,117
Interest-bearing deposits	33,277	29,730
Federal funds sold	5,067	5,246
Debt securities	134,897	114,049
Investments in restricted stock	1,062	1,199
Ground rents	140	140
Loans, net	243,932	252,296
Accrued interest receivable	1,277	1,302
Cash value of life insurance	8,219	8,181
Financial liabilities - Carrying Amount
Deposits	368,923	349,620
Short-term borrowings	31,244	29,912
Accrued interest payable	17	16
Unrecognized financial instruments:
Commitments to extend credit	30,729	31,561
Standby letters of credit	1,044	1,044
Financial assets - Fair Value
Cash and due from banks	2,130	2,117
Interest-bearing deposits	33,277	29,730
Federal funds sold	5,067	5,246
Investment securities	134,897	114,049
Investments in restricted stock	1,062	1,199
Ground rents	140	140
Loans, less allowance for credit losses	249,391	253,946
Accrued interest receivable	1,277	1,302
Cash value of life insurance	8,219	8,181
Financial liabilities - Fair Value
Deposits	369,234	350,666
Short-term borrowings	31,236	29,935
Accrued interest payable	17	16
Unrecognized financial instruments:
Commitments to extend credit	30,729	31,561
Standby letters of credit	$ 1,044	$ 1,044

FAIR VALUE - Fair value hierarc

FAIR VALUE - Fair value hierarchy of financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financial assets - Carrying Amount
Cash and cash equivalents	$ 40,474
Loans receivable, net	243,932	$ 252,296
Cash value of life insurance	8,219
Financial liabilities - Carrying Amount
Deposits	368,923	349,620
Short-term debt	31,244	29,912
Financial assets - Fair Value
Loans receivable, net	249,391	253,946
Financial liabilities - Fair Value
Deposits	369,234	350,666
Short-term debt	31,236	$ 29,935
Fair Value.
Financial assets - Fair Value
Cash and cash equivalents	40,474
Loans receivable, net	249,391
Cash value of life insurance	8,219
Financial liabilities - Fair Value
Deposits	369,234
Short-term debt	31,236
Fair Value. | Level 1
Financial assets - Fair Value
Cash and cash equivalents	40,474
Financial liabilities - Fair Value
Deposits	11,244
Short-term debt	147,911
Fair Value. | Level 2
Financial assets - Fair Value
Cash value of life insurance	8,219
Financial liabilities - Fair Value
Deposits	221,323
Short-term debt	19,992
Fair Value. | Level 3
Financial assets - Fair Value
Loans receivable, net	$ 249,391