Glen Burnie Bancorp (GLBZ) 10-Q12 Nov 212021 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2021	Nov. 03, 2021
Cover
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Entity File Number	0-24047
Entity Registrant Name	GLEN BURNIE BANCORP
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	52-1782444
Entity Address, Address Line One	101 Crain Highway, S.E.
Entity Address, City or Town	Glen Burnie
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	21061
City Area Code	410
Local Phone Number	766-3300
Entity Central Index Key	0000890066
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	GLBZ
Security Exchange Name	NASDAQ
Entity Common Stock Shares Outstanding		2,853,880
Document Type	10-Q
Entity Interactive Data Current	Yes
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 2,826,000	$ 2,117,000
Interest-bearing deposits in other financial institutions	28,638,000	34,976,000
Cash and Cash Equivalents	31,464,000	37,093,000
Investment securities available for sale, at fair value	162,827,000	114,049,000
Restricted equity securities, at cost	1,062,000	1,199,000
Loans, net of deferred fees and costs	224,674,000	253,772,000
Less: Allowance for credit losses (1)	(2,790,000)	(1,476,000)
Loans, net	221,884,000	252,296,000
Real estate acquired through foreclosure	0	575,000
Premises and equipment, net	3,654,000	3,853,000
Bank owned life insurance	8,298,000	8,181,000
Deferred tax assets, net	1,409,000	142,000
Accrued interest receivable	1,304,000	1,302,000
Accrued taxes receivable	91,000	116,000
Prepaid expenses	470,000	318,000
Other assets	352,000	362,000
Total Assets	432,815,000	419,486,000
LIABILITIES
Noninterest-bearing deposits	147,809,000	132,626,000
Interest-bearing deposits	226,700,000	216,994,000
Total Deposits	374,509,000	349,620,000
Short-term borrowings	20,000,000	29,912,000
Defined pension liability	301,000	285,000
Accrued expenses and other liabilities	3,040,000	2,576,000
Total Liabilities	397,850,000	382,393,000
STOCKHOLDERS' EQUITY
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,851,070 and 2,842,040 shares as of September 30, 2021 and December 31, 2020, respectively.	2,851,000	2,842,000
Additional paid-in capital	10,731,000	10,640,000
Retained earnings	22,708,000	23,071,000
Accumulated other comprehensive (loss) gain	(1,325,000)	540,000
Total Stockholders' Equity	34,965,000	37,093,000
Total Liabilities and Stockholders' Equity	$ 432,815,000	$ 419,486,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 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	2,851,070	2,842,040
Common stock, shares outstanding	2,851,070	2,842,040

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
INTEREST INCOME
Interest and fees on loans	$ 2,799,000	$ 2,924,000	$ 8,005,000	$ 8,974,000
Interest and dividends on securities	773,000	404,000	1,976,000	1,103,000
Interest on deposits with banks and federal funds sold	32,000	21,000	75,000	107,000
Total Interest Income	3,604,000	3,349,000	10,056,000	10,184,000
INTEREST EXPENSE
Interest on deposits	148,000	237,000	474,000	851,000
Interest on short-term borrowings	116,000	110,000	349,000	345,000
Interest on long-term borrowings		6,000		6,000
Total Interest Expense	264,000	353,000	823,000	1,202,000
Net Interest Income	3,340,000	2,996,000	9,233,000	8,982,000
Release for credit losses	(122,000)	(669,000)	(593,000)	(263,000)
Net interest income after release	3,462,000	3,665,000	9,826,000	9,245,000
NONINTEREST INCOME
Gain on securities sold/redeemed	1,000	4,000	1,000	4,000
Income on life insurance	40,000	40,000	117,000	118,000
Gains on sale of OREO			14,000
Total Noninterest Income	359,000	260,000	886,000	743,000
NONINTEREST EXPENSE
Salary and benefits	1,686,000	1,595,000	4,904,000	4,897,000
Occupancy and equipment expenses	306,000	283,000	912,000	909,000
Legal, accounting and other professional fees	121,000	233,000	516,000	737,000
Data processing and item processing services	206,000	234,000	710,000	651,000
FDIC insurance costs	47,000	41,000	130,000	141,000
Advertising and marketing related expenses	20,000	22,000	65,000	65,000
Loan collection costs	(30,000)	5,000	(2,000)	92,000
Telephone costs	42,000	56,000	173,000	146,000
Other expenses	293,000	224,000	903,000	901,000
Total Noninterest Expenses	2,691,000	2,693,000	8,311,000	8,539,000
Income before income taxes	1,130,000	1,232,000	2,401,000	1,449,000
Income tax expense	242,000	283,000	439,000	326,000
NET INCOME	$ 888,440	$ 949,027	$ 1,962,090	$ 1,122,820
Basic and diluted net income (loss) per share of common stock	$ 0.31	$ 0.33	$ 0.69	$ 0.40
Service charges on deposit accounts
NONINTEREST INCOME
Noninterest Income	$ 42,000	$ 37,000	$ 119,000	$ 132,000
Other fees and commissions
NONINTEREST INCOME
Noninterest Income	$ 276,000	$ 179,000	$ 635,000	$ 489,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 888,440	$ 949,027	$ 1,962,090	$ 1,122,820
Net unrealized gain (loss) on securities available for sale:
Net unrealized (loss) gain on securities during the period	(1,560,000)	(160,000)	(2,887,000)	1,325,000
Income tax benefit (expense) relating to item above	428,000	44,000	795,000	(364,000)
Reclassification adjustment for gain on sales of securities included in net income	(1,000)	(3,000)	(1,000)	(3,000)
Net effect on other comprehensive (loss) income	(1,133,000)	(119,000)	(2,093,000)	958,000
Net unrealized gain (loss) on interest rate swaps:
Net unrealized gain (loss) on interest rate swap during the period	87,000	77,000	315,000	(695,000)
Income tax (expense) benefit relating to item above	(24,000)	(21,000)	(87,000)	192,000
Net effect on other comprehensive income (loss)	63,000	56,000	228,000	(503,000)
Other comprehensive (loss) income	(1,070,000)	(63,000)	(1,865,000)	455,000
Comprehensive (loss) income	$ (182,000)	$ 886,000	$ 97,000	$ 1,578,000

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Additional Paid-In Capital	Retained Earnings [Member]Adjustment	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Adjustment	Total
Balances at Dec. 31, 2019	$ 2,827,000	$ 10,525,000		$ 22,537,000	$ (209,000)		$ 35,680,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,123,000			1,122,820
Cash dividends, $0.30 per share				(850,000)			(850,000)
Dividends reinvested under dividend reinvestment plan	12,000	85,000					97,000
Other comprehensive income (loss)					455,000		455,000
Balances at Sep. 30, 2020	2,839,000	10,610,000		22,810,000	246,000		36,505,000
Balances at Dec. 31, 2020	2,842,000	10,640,000		23,071,000	540,000		37,093,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,962,000			1,962,090
Cash dividends, $0.30 per share				(853,000)			(853,000)
Dividends reinvested under dividend reinvestment plan	9,000	91,000					100,000
Other comprehensive income (loss)					(1,865,000)		(1,865,000)
Balances at Sep. 30, 2021	$ 2,851,000	$ 10,731,000	$ (1,472,000)	$ 22,708,000	$ (1,325,000)	$ (1,472,000)	$ 34,965,000

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Cash dividends, per share	$ 0.30	$ 0.30

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income	$ 1,962,000	$ 1,123,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion of premises and equipment	323,000	212,000
Amortization, and accretion of investment securities available for sale	995,000	(511,000)
Release for credit losses	(593,000)	(262,000)
Gain on disposals of assets, net	(14,000)
Increase in cash surrender value of bank owned life insurance	(117,000)	(118,000)
Decrease in ground rents	4,000	3,000
Increase in accrued interest receivable	(2,000)	(407,000)
Net increase in other assets	(121,000)	(63,000)
Net decrease in accrued expenses and other liabilities	439,000	892,000
Net cash provided by operating activities	2,876,000	869,000
Cash flows from investing activities:
Redemptions and maturities of investment securities available for sale	20,244,000	17,632,000
Purchases of investment securities available for sale	(72,904,000)	(58,771,000)
Net purchase (sale) of Federal Home Loan Bank stock	137,000	(187,000)
Net decrease in loans	29,431,000	10,516,000
Proceeds from sale of real estate acquired through foreclosure	589,000
Purchases of premises and equipment	(225,000)	(410,000)
Net cash used in investing activities	(22,728,000)	(31,220,000)
Cash flows from financing activities:
Net increase in deposits	24,889,000	22,500,000
(Decrease) increase in short term borrowings	(9,913,000)	12,367,000
Increase in long term borrowings		10,000,000
Cash dividends paid	(853,000)	(850,000)
Common stock dividends reinvested	100,000	97,000
Net cash provided by financing activities	14,223,000	44,114,000
Net (decrease) increase in cash and cash equivalents	(5,629,000)	13,763,000
Cash and cash equivalents at beginning of year	37,093,000	13,290,000
Cash and cash equivalents at end of year	31,464,000	27,053,000
Supplemental Disclosures of Cash Flow Information:
Interest paid on deposits and borrowings	824,000	1,263,000
Income taxes paid	415,000
Net income taxes paid (refunded)		(1,176,000)
Net (decrease) increase in unrealized appreciation on available for sale securities	(2,887,000)	1,325,000
Net decrease (increase) in unrealized depreciation on swaps	$ 315,000	$ (695,000)

ORGANIZATIONAL

ORGANIZATIONAL	9 Months Ended
ORGANIZATIONAL	Sep. 30, 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 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	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 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 September 30, 2021 and December 31, 2020, the results of operations for the three- and nine-month periods ended September 30, 2021 and 2020, and the statements of cash flows for the nine-month periods ended September 30, 2021 and 2020. The operating results for the three- and nine-month periods ended September 30, 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 September 30, 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, multi-family, and commercial. The commercial and industrial loan 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 segments 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. The Average Charge-Off Method uses historical values by period (20-year look-back) 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 20-year look-back 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 is 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 considered below the amortized cost basis of the security. As of January 1, and September 30, 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 $30.6 million on September 30, 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	9 Months Ended
EARNINGS PER SHARE	Sep. 30, 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 Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Basic and diluted earnings per share: Net income $ 888,440 $ 949,027 $ 1,962,090 $ 1,122,820 Weighted average common shares outstanding 2,850,124 2,836,998 2,847,042 2,833,130 Basic and dilutive net income per share $ 0.31 $ 0.33 $ 0.69 $ 0.40 Diluted earnings per share calculations were not required for the three- and nine-month period ended September 30, 2021 and 2020, as there were no stock options outstanding.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
INVESTMENT SECURITIES	Sep. 30, 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 September 30, 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 September 30, 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 September 30, 2021 and December 31, 2020: At September 30, 2021 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Collateralized mortgage obligations $ 23,493 $ 260 $ (132) $ 23,621 Agency mortgage-backed securities 29,432 525 (235) 29,722 Municipal securities 44,629 652 (642) 44,639 Corporate Securities 1,500 — (10) 1,490 U.S. Government agency securities 64,965 26 (1,636) 63,355 Total securities available for sale $ 164,019 $ 1,463 $ (2,655) $ 162,827 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 Corporate Securities — — — — 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 September 30, 2021 and December 31, 2020 are as follows: September 30, 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 $ 6,747 $ (126) $ 953 $ (6) $ 7,700 $ (132) Agency mortgage-backed securities 9,738 (229) 221 (6) 9,959 (235) Municipal securities 25,335 (642) — — 25,335 (642) Corporate Securities 1,490 (10) — — 1,490 (10) U.S. Government agency securities 45,025 (1,062) 12,499 (574) 57,524 (1,636) $ 88,335 $ (2,069) $ 13,673 $ (586) $ 102,008 $ (2,655) 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) Corporate Securities — — — — — — 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 September 30, 2021. As of September 30, 2021, the Company did not intend to sell the investment securities that were in an unrealized loss position. It is more likely than not that the Company will not 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 A or higher) and the decline in fair value is due to changes in interest rates and other market conditions. Corporate securities are non-rated investments that are booked as a debt security where rating agencies do not provide a rating. The absence of a rating does not imply substandard quality. Non-rated corporate securities may be purchased from issuers operating in and around the Company’s operating footprint. 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 September 30, 2021, the Company recorded unrealized losses in its portfolio of debt securities totaling $2,655,000 related to 146 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 September 30, 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 September 30, 2021 Amortized Fair Yield (dollars in thousands) Cost Value (1), (2) Available for sale securities maturing: Within one year $ — $ — — % Over one to five years 2,134 2,161 1.94 % Over five to ten years 19,283 19,348 1.61 % Over ten years 142,602 141,318 2.13 % Total debt securities $ 164,019 $ 162,827 _____________________ (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	9 Months Ended
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	Sep. 30, 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 credit 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. September 30, December 31, 2021 2020 (dollars in thousands) Amount % Amount % Loans Secured by Real Estate Construction and land $ 3,662 2 $ 2,553 1 Farmland 345 — 350 — Single-family residential 79,049 36 82,520 33 Multi-family 5,846 3 6,105 2 Commercial 55,160 25 57,027 23 Total loans secured by real estate 144,062 148,555 Commercial and Industrial Commercial and industrial 10,078 4 10,800 4 SBA guaranty 6,930 3 7,200 3 Comm SBA PPP 2,571 1 9,912 4 Total commercial and industrial loans 19,579 27,912 Consumer Loans Consumer 2,398 1 3,063 1 Automobile 58,635 25 74,242 29 Total consumer loans 61,033 77,305 Loans, net of deferred fees and costs 224,674 100 253,772 100 Less: Allowance for credit losses $ (2,790) $ (1,476) Loans, net 221,884 252,296 The Bank’s net loans totaled . Construction and land loans increased from . Farmland loans decreased by $ million on September 30, 2021. Single-family residential loans decreased from %. Multi-family residential loans were %. Commercial real estate loans decreased $ million on December 31, 2020. Commercial and industrial loans decreased by $ million on December 31, 2020. SBA guaranty loans were million at December 31, 2020. The Commercial Small Business Administration (SBA) Paycheck Protection Program (PPP) loan balance was %. Consumer loans decreased by million on December 31, 2020. Automobile loans decreased from 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 all available information from internal and external sources, relevant to assessing the collectability of loans over their contractual terms, adjusted for expected prepayments when appropriate, 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 nine months ended September 30, 2021 and the year ended December 31, 2020 were as follows: Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans September 30, 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 — — — — — — — — (3) (190) (193) Recoveries — — 346 — — — — — — 180 526 Provision for loan losses 18 — (544) 3 11 (21) (3) — 18 (75) (593) Balance, end of quarter $ 43 $ 11 $ 1,169 $ 105 $ 428 $ 166 $ 39 $ — $ 72 $ 757 $ 2,790 Individually evaluated for impairment: Balance in allowance $ — $ — $ 10 $ — $ — $ — $ — $ — $ — $ — $ 10 Related loan balance — — 37 — 2,124 — — — — — 2,161 Collectively evaluated for impairment: Balance in allowance $ 43 $ 11 $ 1,159 $ 105 $ 428 $ 166 $ 39 $ — $ 72 $ 757 $ 2,780 Related loan balance 3,662 345 79,012 5,846 53,036 10,078 6,930 2,571 2,398 58,635 222,513 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 September 30, September 30, (dollars in thousands) 2021 2020 Average loans $ 239,492 $ 281,773 Net charge offs to average loans (annualized) (0.19) % 0.07 % During the nine-month period ended September 30, 2021, loans to 20 borrowers and related entities totaling approximately $193,000 were determined to be uncollectible and were charged off. During the nine-month period ending September 30, 2020, loans to 30 borrowers and related entities totaling approximately $277,000 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 September 30, 2021, and 2020, the Bank had outstanding commitments totaling $30.6 million and $33.1 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: Nine Months Ended Ended September 30, (dollars in thousands) 2021 2020 Beginning balance $ 33 $ 37 Impact of ASC 326 adoption 457 (8) Reduction of unfunded reserve (34) — Provisions charged to operations — — Ending balance $ 456 $ 29 Contractual Obligations and Commitments. No material changes, outside the normal course of business, have been made during the third 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 September 30, 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 $ 3,662 $ — $ — $ — $ 3,662 Farmland 345 — — — 345 Single-family residential 78,804 98 15 132 79,049 Multi-family 5,846 — — — 5,846 Commercial 52,708 — — 2,452 55,160 Total loans secured by real estate 141,365 98 15 2,584 144,062 Commercial and Industrial Commercial and industrial 10,078 — — — 10,078 SBA guaranty 6,859 — — 71 6,930 Comm SBA PPP 2,571 — — — 2,571 Total commercial and industrial loans 19,508 — — 71 19,579 Consumer Loans Consumer 2,398 — — — 2,398 Automobile 58,057 452 — 126 58,635 Total consumer loans 60,455 452 — 126 61,033 $ 221,328 $ 550 $ 15 $ 2,781 $ 224,674 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 81,057 1,175 18 270 82,520 Multi-family 6,105 — — — 6,105 Commercial 52,424 574 — 4,029 57,027 Total loans secured by real estate 142,489 1,749 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 3,029 — — 34 3,063 Automobile 73,611 452 — 179 74,242 Total consumer loans 76,640 452 — 213 77,305 0 $ 247,041 $ 2,201 $ 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 September 30, 2021, the allowance for credit loss is million. For the period ending December 31, 2020, the allowance for loan loss is Non-accrual loans with specific reserves at September 30, 2021 are comprised of: Single–family residential established for the loan. This loan 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 September 30, 2021 and December 31, 2020. September 30, 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 37 1 10 49 Multi-family — — — — — Commercial — — — — — Total loans secured by real estate 27 37 1 10 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 $ 37 $ 1 $ 10 $ 49 Impaired loans with no specific reserve: Loans Secured by Real Estate Construction and land $ — $ — $ — $ n/a $ — Farmland — — — n/a — Single-family residential 95 95 1 n/a 99 Multi-family — — — n/a — Commercial 2,452 2,452 333 n/a 2,901 Total loans secured by real estate 2,547 2,547 334 — 3,000 Commercial and Industrial Commercial and industrial — — — n/a — SBA guaranty 71 71 1 n/a 71 Total commercial and industrial loans 71 71 1 — 71 Consumer Loans Consumer — — — n/a — Automobile 126 126 5 n/a 149 Total consumer loans 126 126 5 n/a 149 Total impaired loans with no specific reserve $ 2,744 $ 2,744 $ 340 $ — $ 3,220 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 27 38 2 11 50 Multi-family — — — — — Commercial — — — — — Total loans secured by real estate 27 38 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 $ 27 $ 38 $ 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 232 232 — n/a 544 Multi-family — — — n/a — Commercial 4,493 4,493 185 n/a 4,315 Total loans secured by real estate 4,725 4,725 185 — 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 117 117 10 n/a 227 Total consumer loans 151 151 14 n/a 270 Total impaired loans with no specific reserve $ 4,876 $ 4,876 $ 199 $ — $ 5,129 September 30, December 31, (dollars in thousands) 2021 2020 Troubled debt restructured loans $ 37 $ 39 Non-accrual and 90+ days past due and still accruing loans to average loans 1.17 % 1.63 % Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans 99.6 % 32.6 % At September 30, 2021, there was one troubled debt restructured loan consisting of a single-family residential loan in the amount of $36,532 . This loan is in a nonaccrual status. The following table shows the activity for non-accrual loans for the nine months ended September 30, 2020 and 2021. Commercial and Loans Secured By Real Estate Industrial Loans Consumer Loans Single-family (dollars in thousands) Residential Multi-family Commercial SBA Guaranty Consumer Automobile Total December 31, 2019 $ 790 $ 24 $ 3,139 $ — $ 51 $ 123 $ 4,127 Transfers into nonaccrual 64 — 1,619 — — 434 2,117 Loans paid down/payoffs (239) (16) (100) — (7) (47) (409) Loans returned to accrual status — — (577) — — (17) (594) Loans charged off — — — — — (277) (277) September 30, 2020 $ 615 $ 8 $ 4,081 $ — $ 44 $ 216 $ 4,964 December 31, 2020 $ 270 $ — $ 4,029 $ — $ 34 $ 179 $ 4,512 Transfers into nonaccrual — — 920 71 1 204 1,196 Loans paid down/payoffs (138) — (1,881) — (1) (68) (2,088) Loans returned to accrual status — — (616) — (34) — (650) Loans charged off — — — — — (189) (189) September 30, 2021 $ 132 $ — $ 2,452 $ 71 $ — $ 126 $ 2,781 Other Real Estate Owned. in real estate acquired in partial or total satisfaction of debt at December 31, 2020. 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. In June of 2021 the property was sold for $589,000 and resulted in a gain on the sale of other real estate owned property in the amount of $14,000 . At September 30, 2021 the Company had no real estate acquired in partial or total satisfaction of debt. 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 on September 30, 2021, and December 31, 2020: Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans September 30, 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 $ 3,662 $ 345 $ 78,917 $ 5,846 $ 52,708 $ 10,078 $ 6,859 $ 2,571 $ 2,398 $ 58,509 $ 221,893 Special mention — — — — — — — — — 5 5 Substandard — — 132 — 2,452 — 71 — — 42 2,697 Doubtful — — — — — — — — — 79 79 Loss — — — — — — — — — — — $ 3,662 $ 345 $ 79,049 $ 5,846 $ 55,160 $ 10,078 $ 6,930 $ 2,571 $ 2,398 $ 58,635 $ 224,674 Nonaccrual $ — $ — $ 132 $ — $ 2,452 $ — $ 71 $ — $ — $ 126 $ 2,781 Troubled debt restructures $ — $ — $ 37 $ — $ — $ — $ — $ — $ — $ — $ 37 Number of TDRs accounts — — 1 — — — — — — — 1 Non-performing TDRs $ — $ — $ 37 $ — $ — $ — $ — $ — $ — $ — $ 37 Number of non-performing TDR accounts — — 1 — — — — — — — 1 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 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

FAIR VALUE

FAIR VALUE	9 Months Ended
FAIR VALUE	Sep. 30, 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. Impaired loans totaled of specific reserves as of September 30, 2021. These assets included 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. 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. 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, within a range of , based on individual circumstances. 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 September 30, 2021 Recurring: Securities available for sale Collateralized mortgage obligations $ — $ 23,621 $ — $ 23,621 Agency mortgage-backed securities — 29,722 — 29,722 Municipal securities — 44,639 — 44,639 Corporate securities — 1,490 — 1,490 U.S. Government agency securities — 63,355 — 63,355 Interest rate swap — (635) — (635) Non-recurring: Maryland Financial Bank stock — — 3 3 Impaired loans — — 2,770 2,770 $ — $ 162,192 $ 2,773 $ 164,965 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 Corporate securities — — — — 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 September 30, 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. September 30, 2021 December 31, 2020 (dollars in thousands) Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Cash and due from banks $ 2,826 $ 2,826 $ 2,117 $ 2,117 Interest-bearing deposits in other financial institutions 26,466 26,466 29,730 29,730 Federal funds sold 2,172 2,172 5,246 5,246 Investment securities available for sale 162,827 162,827 114,049 114,049 Investments in restricted stock 1,062 1,062 1,199 1,199 Ground rents 136 136 140 140 Loans, less allowance for credit losses 221,884 229,081 252,296 253,946 Accrued interest receivable 1,304 1,304 1,302 1,302 Cash value of life insurance 8,298 8,298 8,181 8,181 Financial liabilities: Deposits 374,509 375,587 349,620 350,666 Short-term borrowings 20,000 20,006 29,912 29,935 Accrued interest payable 14 14 16 16 Unrecognized financial instruments: Commitments to extend credit 29,618 29,618 31,561 31,561 Standby letters of credit 971 971 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 September 30, 2021 Amount Value Level 1 Level 2 Level 3 Financial instruments - Assets Cash and cash equivalents $ 31,464 $ 31,464 $ 31,464 $ — $ — Loans receivable, net 221,884 229,081 — — 229,081 Cash value of life insurance 8,298 8,298 — 8,298 — Financial instruments - Liabilities Deposits 374,509 375,587 148,487 227,100 — Short-term debt 20,000 20,006 — 20,006 — 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 noninterest-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	9 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Sep. 30, 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 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).” The ASU was issued in December 2019. The amendments in this update are meant to simplify the accounting for income taxes by removing certain exceptions to GAAP. The amendments also improve consistent application of and simplify GAAP by modifying and/or revising the accounting for certain income tax transactions and by clarifying certain existing codification. The amendments in the update are effective for public business entities for fiscal years and interim periods within those fiscal years beginning after December 15, 2020. The adoption of this guidance did not have a material impact upon the Company’s financial position and results of operations. 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	9 Months Ended
REVENUE RECOGNITION	Sep. 30, 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. 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS Late in the third quarter, the Company’s management team performed a review of the maturity duration in its bond portfolio. Based on an assessment of the current interest rate environment coupled with recovering economic conditions, the Company began restructuring its bond portfolio by lowering the overall duration of the bond portfolio. On October 1, 2021 and October 28, 2021, the Company entered into trade agreements to sell government agency securities totaling approximately $28,700,000 and $4,700,000 , respectively. These trades resulted in pre-tax losses of approximately $345,300 and $246,000 , respectively, which will be reflected in noninterest income (loss) in October 2021 financial results. Each bond sold was issued by government agencies or government sponsored agencies and have the guarantee or implicit guarantee of the U.S. government. Accordingly, as of September 30, 2021, recovery of the value of these bonds was not in question and no credit impairment allowance was recognized.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 30, 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, multi-family, and commercial. The commercial and industrial loan 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 segments 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. The Average Charge-Off Method uses historical values by period (20-year look-back) 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 20-year look-back 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 is 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 considered below the amortized cost basis of the security. As of January 1, and September 30, 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 $30.6 million on September 30, 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)	9 Months Ended
EARNINGS PER SHARE (Tables)	Sep. 30, 2021
EARNINGS PER SHARE
Schedule of earnings per common share	Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Basic and diluted earnings per share: Net income $ 888,440 $ 949,027 $ 1,962,090 $ 1,122,820 Weighted average common shares outstanding 2,850,124 2,836,998 2,847,042 2,833,130 Basic and dilutive net income per share $ 0.31 $ 0.33 $ 0.69 $ 0.40

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
INVESTMENT SECURITIES (Tables)	Sep. 30, 2021
INVESTMENT SECURITIES
Schedule of summary of investment securities	At September 30, 2021 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Collateralized mortgage obligations $ 23,493 $ 260 $ (132) $ 23,621 Agency mortgage-backed securities 29,432 525 (235) 29,722 Municipal securities 44,629 652 (642) 44,639 Corporate Securities 1,500 — (10) 1,490 U.S. Government agency securities 64,965 26 (1,636) 63,355 Total securities available for sale $ 164,019 $ 1,463 $ (2,655) $ 162,827 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 Corporate Securities — — — — 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 September 30, 2021 and December 31, 2020 are as follows: September 30, 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 $ 6,747 $ (126) $ 953 $ (6) $ 7,700 $ (132) Agency mortgage-backed securities 9,738 (229) 221 (6) 9,959 (235) Municipal securities 25,335 (642) — — 25,335 (642) Corporate Securities 1,490 (10) — — 1,490 (10) U.S. Government agency securities 45,025 (1,062) 12,499 (574) 57,524 (1,636) $ 88,335 $ (2,069) $ 13,673 $ (586) $ 102,008 $ (2,655) 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) Corporate Securities — — — — — — 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 September 30, 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 September 30, 2021 Amortized Fair Yield (dollars in thousands) Cost Value (1), (2) Available for sale securities maturing: Within one year $ — $ — — % Over one to five years 2,134 2,161 1.94 % Over five to ten years 19,283 19,348 1.61 % Over ten years 142,602 141,318 2.13 % Total debt securities $ 164,019 $ 162,827 _____________________ (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 ALLOWANC_2

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	Sep. 30, 2021
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Schedule of major categories of loans	September 30, December 31, 2021 2020 (dollars in thousands) Amount % Amount % Loans Secured by Real Estate Construction and land $ 3,662 2 $ 2,553 1 Farmland 345 — 350 — Single-family residential 79,049 36 82,520 33 Multi-family 5,846 3 6,105 2 Commercial 55,160 25 57,027 23 Total loans secured by real estate 144,062 148,555 Commercial and Industrial Commercial and industrial 10,078 4 10,800 4 SBA guaranty 6,930 3 7,200 3 Comm SBA PPP 2,571 1 9,912 4 Total commercial and industrial loans 19,579 27,912 Consumer Loans Consumer 2,398 1 3,063 1 Automobile 58,635 25 74,242 29 Total consumer loans 61,033 77,305 Loans, net of deferred fees and costs 224,674 100 253,772 100 Less: Allowance for credit losses $ (2,790) $ (1,476) Loans, net 221,884 252,296
Schedule of total allowance by loan segment	Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans September 30, 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 — — — — — — — — (3) (190) (193) Recoveries — — 346 — — — — — — 180 526 Provision for loan losses 18 — (544) 3 11 (21) (3) — 18 (75) (593) Balance, end of quarter $ 43 $ 11 $ 1,169 $ 105 $ 428 $ 166 $ 39 $ — $ 72 $ 757 $ 2,790 Individually evaluated for impairment: Balance in allowance $ — $ — $ 10 $ — $ — $ — $ — $ — $ — $ — $ 10 Related loan balance — — 37 — 2,124 — — — — — 2,161 Collectively evaluated for impairment: Balance in allowance $ 43 $ 11 $ 1,159 $ 105 $ 428 $ 166 $ 39 $ — $ 72 $ 757 $ 2,780 Related loan balance 3,662 345 79,012 5,846 53,036 10,078 6,930 2,571 2,398 58,635 222,513 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	September 30, September 30, (dollars in thousands) 2021 2020 Average loans $ 239,492 $ 281,773 Net charge offs to average loans (annualized) (0.19) % 0.07 %
Schedule of reserve for unfunded commitments	Nine Months Ended Ended September 30, (dollars in thousands) 2021 2020 Beginning balance $ 33 $ 37 Impact of ASC 326 adoption 457 (8) Reduction of unfunded reserve (34) — Provisions charged to operations — — Ending balance $ 456 $ 29
Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans	At September 30, 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 $ 3,662 $ — $ — $ — $ 3,662 Farmland 345 — — — 345 Single-family residential 78,804 98 15 132 79,049 Multi-family 5,846 — — — 5,846 Commercial 52,708 — — 2,452 55,160 Total loans secured by real estate 141,365 98 15 2,584 144,062 Commercial and Industrial Commercial and industrial 10,078 — — — 10,078 SBA guaranty 6,859 — — 71 6,930 Comm SBA PPP 2,571 — — — 2,571 Total commercial and industrial loans 19,508 — — 71 19,579 Consumer Loans Consumer 2,398 — — — 2,398 Automobile 58,057 452 — 126 58,635 Total consumer loans 60,455 452 — 126 61,033 $ 221,328 $ 550 $ 15 $ 2,781 $ 224,674 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 81,057 1,175 18 270 82,520 Multi-family 6,105 — — — 6,105 Commercial 52,424 574 — 4,029 57,027 Total loans secured by real estate 142,489 1,749 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 3,029 — — 34 3,063 Automobile 73,611 452 — 179 74,242 Total consumer loans 76,640 452 — 213 77,305 0 $ 247,041 $ 2,201 $ 18 $ 4,512 $ 253,772
Schedule of impaired financing receivables	September 30, 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 37 1 10 49 Multi-family — — — — — Commercial — — — — — Total loans secured by real estate 27 37 1 10 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 $ 37 $ 1 $ 10 $ 49 Impaired loans with no specific reserve: Loans Secured by Real Estate Construction and land $ — $ — $ — $ n/a $ — Farmland — — — n/a — Single-family residential 95 95 1 n/a 99 Multi-family — — — n/a — Commercial 2,452 2,452 333 n/a 2,901 Total loans secured by real estate 2,547 2,547 334 — 3,000 Commercial and Industrial Commercial and industrial — — — n/a — SBA guaranty 71 71 1 n/a 71 Total commercial and industrial loans 71 71 1 — 71 Consumer Loans Consumer — — — n/a — Automobile 126 126 5 n/a 149 Total consumer loans 126 126 5 n/a 149 Total impaired loans with no specific reserve $ 2,744 $ 2,744 $ 340 $ — $ 3,220 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 27 38 2 11 50 Multi-family — — — — — Commercial — — — — — Total loans secured by real estate 27 38 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 $ 27 $ 38 $ 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 232 232 — n/a 544 Multi-family — — — n/a — Commercial 4,493 4,493 185 n/a 4,315 Total loans secured by real estate 4,725 4,725 185 — 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 117 117 10 n/a 227 Total consumer loans 151 151 14 n/a 270 Total impaired loans with no specific reserve $ 4,876 $ 4,876 $ 199 $ — $ 5,129
Schedule of allowance for loan loss and the unearned income on loans	September 30, December 31, (dollars in thousands) 2021 2020 Troubled debt restructured loans $ 37 $ 39 Non-accrual and 90+ days past due and still accruing loans to average loans 1.17 % 1.63 % Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans 99.6 % 32.6 %
Schedule of non accrual loans	Commercial and Loans Secured By Real Estate Industrial Loans Consumer Loans Single-family (dollars in thousands) Residential Multi-family Commercial SBA Guaranty Consumer Automobile Total December 31, 2019 $ 790 $ 24 $ 3,139 $ — $ 51 $ 123 $ 4,127 Transfers into nonaccrual 64 — 1,619 — — 434 2,117 Loans paid down/payoffs (239) (16) (100) — (7) (47) (409) Loans returned to accrual status — — (577) — — (17) (594) Loans charged off — — — — — (277) (277) September 30, 2020 $ 615 $ 8 $ 4,081 $ — $ 44 $ 216 $ 4,964 December 31, 2020 $ 270 $ — $ 4,029 $ — $ 34 $ 179 $ 4,512 Transfers into nonaccrual — — 920 71 1 204 1,196 Loans paid down/payoffs (138) — (1,881) — (1) (68) (2,088) Loans returned to accrual status — — (616) — (34) — (650) Loans charged off — — — — — (189) (189) September 30, 2021 $ 132 $ — $ 2,452 $ 71 $ — $ 126 $ 2,781
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 on September 30, 2021, and December 31, 2020: Loans Secured By Real Estate Commercial and Industrial Loans Consumer Loans September 30, 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 $ 3,662 $ 345 $ 78,917 $ 5,846 $ 52,708 $ 10,078 $ 6,859 $ 2,571 $ 2,398 $ 58,509 $ 221,893 Special mention — — — — — — — — — 5 5 Substandard — — 132 — 2,452 — 71 — — 42 2,697 Doubtful — — — — — — — — — 79 79 Loss — — — — — — — — — — — $ 3,662 $ 345 $ 79,049 $ 5,846 $ 55,160 $ 10,078 $ 6,930 $ 2,571 $ 2,398 $ 58,635 $ 224,674 Nonaccrual $ — $ — $ 132 $ — $ 2,452 $ — $ 71 $ — $ — $ 126 $ 2,781 Troubled debt restructures $ — $ — $ 37 $ — $ — $ — $ — $ — $ — $ — $ 37 Number of TDRs accounts — — 1 — — — — — — — 1 Non-performing TDRs $ — $ — $ 37 $ — $ — $ — $ — $ — $ — $ — $ 37 Number of non-performing TDR accounts — — 1 — — — — — — — 1 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 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

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
FAIR VALUE (Tables)	Sep. 30, 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 September 30, 2021 Recurring: Securities available for sale Collateralized mortgage obligations $ — $ 23,621 $ — $ 23,621 Agency mortgage-backed securities — 29,722 — 29,722 Municipal securities — 44,639 — 44,639 Corporate securities — 1,490 — 1,490 U.S. Government agency securities — 63,355 — 63,355 Interest rate swap — (635) — (635) Non-recurring: Maryland Financial Bank stock — — 3 3 Impaired loans — — 2,770 2,770 $ — $ 162,192 $ 2,773 $ 164,965 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 Corporate securities — — — — 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	September 30, 2021 December 31, 2020 (dollars in thousands) Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Cash and due from banks $ 2,826 $ 2,826 $ 2,117 $ 2,117 Interest-bearing deposits in other financial institutions 26,466 26,466 29,730 29,730 Federal funds sold 2,172 2,172 5,246 5,246 Investment securities available for sale 162,827 162,827 114,049 114,049 Investments in restricted stock 1,062 1,062 1,199 1,199 Ground rents 136 136 140 140 Loans, less allowance for credit losses 221,884 229,081 252,296 253,946 Accrued interest receivable 1,304 1,304 1,302 1,302 Cash value of life insurance 8,298 8,298 8,181 8,181 Financial liabilities: Deposits 374,509 375,587 349,620 350,666 Short-term borrowings 20,000 20,006 29,912 29,935 Accrued interest payable 14 14 16 16 Unrecognized financial instruments: Commitments to extend credit 29,618 29,618 31,561 31,561 Standby letters of credit 971 971 1,044 1,044
Schedule of fair value hierarchy of financial instruments	(dollars in thousands) Carrying Fair September 30, 2021 Amount Value Level 1 Level 2 Level 3 Financial instruments - Assets Cash and cash equivalents $ 31,464 $ 31,464 $ 31,464 $ — $ — Loans receivable, net 221,884 229,081 — — 229,081 Cash value of life insurance 8,298 8,298 — 8,298 — Financial instruments - Liabilities Deposits 374,509 375,587 148,487 227,100 — Short-term debt 20,000 20,006 — 20,006 —

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Tables)	9 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS (Tables)	Sep. 30, 2021
RECENT ACCOUNTING PRONOUNCEMENTS
Cumulative effect of of adopting ASC 326 to retained earnings	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

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) $ in Millions	Sep. 30, 2021USD ($)
BASIS OF PRESENTATION
Off-balance-sheet credit exposures	$ 30.6

EARNINGS PER SHARE - Basic earn

EARNINGS PER SHARE - Basic earnings per share of common stock (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Basic and diluted earnings per share:
Net income	$ 888,440	$ 949,027	$ 1,962,090	$ 1,122,820
Weighted average common shares outstanding (in shares)	2,850,124	2,836,998	2,847,042	2,833,130
Basic and dilutive net income per share	$ 0.31	$ 0.33	$ 0.69	$ 0.40
Options outstanding	0	0	0	0

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Market Value of Securities Available for Sale (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Investment Securities
Amortized Cost	$ 164,019,000	$ 112,354,000
Gross Unrealized Gains	1,463,000	2,031,000
Gross Unrealized Losses	(2,655,000)	(336,000)
Fair Value	162,827,000	114,049,000
Trading securities	0	0
Held to maturity	0	0
Collateralized mortgage obligations
Investment Securities
Amortized Cost	23,493,000	24,261,000
Gross Unrealized Gains	260,000	396,000
Gross Unrealized Losses	(132,000)	(14,000)
Fair Value	23,621,000	24,643,000
Agency mortgage-backed securities
Investment Securities
Amortized Cost	29,432,000	26,072,000
Gross Unrealized Gains	525,000	886,000
Gross Unrealized Losses	(235,000)	(10,000)
Fair Value	29,722,000	26,948,000
Municipal securities
Investment Securities
Amortized Cost	44,629,000	28,675,000
Gross Unrealized Gains	652,000	740,000
Gross Unrealized Losses	(642,000)	(2,000)
Fair Value	44,639,000	29,413,000
Corporate securities
Investment Securities
Amortized Cost	1,500,000
Gross Unrealized Losses	(10,000)
Fair Value	1,490,000
U.S. Government agency securities
Investment Securities
Amortized Cost	64,965,000	33,346,000
Gross Unrealized Gains	26,000	9,000
Gross Unrealized Losses	(1,636,000)	(310,000)
Fair Value	$ 63,355,000	$ 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	Sep. 30, 2021USD ($)security	Dec. 31, 2020USD ($)security
Investment Securities
Less than 12 months Fair Value	$ 88,335	$ 25,212
Less than 12 months Unrealized Loss	(2,069)	(310)
12 months or more Fair Value	13,673	2,235
12 months or more Unrealized Loss	(586)	(26)
Total Fair Value	102,008	27,447
Total Unrealized Loss	$ (2,655)	$ (336)
Number of securities continuous unrealized loss position more than twelve months \| security	146	49
Collateralized mortgage obligations
Investment Securities
Less than 12 months Fair Value	$ 6,747	$ 201
Less than 12 months Unrealized Loss	(126)
12 months or more Fair Value	953	1,188
12 months or more Unrealized Loss	(6)	(14)
Total Fair Value	7,700	1,389
Total Unrealized Loss	(132)	(14)
Agency mortgage-backed securities
Investment Securities
Less than 12 months Fair Value	9,738
Less than 12 months Unrealized Loss	(229)
12 months or more Fair Value	221	566
12 months or more Unrealized Loss	(6)	(10)
Total Fair Value	9,959	566
Total Unrealized Loss	(235)	(10)
Municipal securities
Investment Securities
Less than 12 months Fair Value	25,335	851
Less than 12 months Unrealized Loss	(642)	(2)
Total Fair Value	25,335	851
Total Unrealized Loss	(642)	(2)
Corporate securities
Investment Securities
Less than 12 months Fair Value	1,490
Less than 12 months Unrealized Loss	(10)
Total Fair Value	1,490
Total Unrealized Loss	(10)
U.S. Government agency securities
Investment Securities
Less than 12 months Fair Value	45,025	24,160
Less than 12 months Unrealized Loss	(1,062)	(308)
12 months or more Fair Value	12,499	481
12 months or more Unrealized Loss	(574)	(2)
Total Fair Value	57,524	24,641
Total Unrealized Loss	$ (1,636)	$ (310)

INVESTMENT SECURITIES - Contrac

INVESTMENT SECURITIES - Contractual Maturities of Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Available for Sale Amortized Cost
Due over one to five years	$ 2,134
Due over five to ten years	19,283
Due over ten years	142,602
Amortized Cost	164,019	$ 112,354
Available for Sale Fair Value
Due over one to five years	2,161
Due over five to ten years	19,348
Due over ten years	141,318
Fair Value	$ 162,827	$ 114,049
Available for Sale, Yield
Over one to five years	1.94%
Over five to ten years	1.61%
Over ten years	2.13%

LOANS RECEIVABLE AND ALLOWANC_3

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Major Categories of Loans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 224,674	$ 253,772
Less: Allowance for credit losses (1)	(2,790)	(1,476)
Loans, net	$ 221,884	$ 252,296
Loans and lease receivable allowances, percentage	100.00%	100.00%
Increase (decrease) in loans and leases receivable	$ (30,400)
Percentage of increase (decrease) in loans and leases receivable	(12.05%)
Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 144,062	$ 148,555
Less: Allowance for credit losses (1)		(781)
Commercial and Industrial
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	19,579	27,912
Less: Allowance for credit losses (1)		(115)
Consumer Loans
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	61,033	77,305
Less: Allowance for credit losses (1)		(580)
Construction And Land Development [Member] \| Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 3,662	2,553
Less: Allowance for credit losses (1)		$ (10)
Loans and lease receivable allowances, percentage	2.00%	1.00%
Increase (decrease) in loans and leases receivable	$ 1,100
Percentage of increase (decrease) in loans and leases receivable	43.44%
Farmland \| Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 345	$ 350
Less: Allowance for credit losses (1)		(2)
Increase (decrease) in loans and leases receivable	$ (100)
Percentage of increase (decrease) in loans and leases receivable	(1.58%)
Single-family \| Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 79,049	82,520
Less: Allowance for credit losses (1)		$ (512)
Loans and lease receivable allowances, percentage	36.00%	33.00%
Increase (decrease) in loans and leases receivable	$ (3,500)
Percentage of increase (decrease) in loans and leases receivable	(4.21%)
Multi-family \| Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 5,846	$ 6,105
Less: Allowance for credit losses (1)		$ (39)
Loans and lease receivable allowances, percentage	3.00%	2.00%
Increase (decrease) in loans and leases receivable	$ (300)
Percentage of increase (decrease) in loans and leases receivable	(4.24%)
Commercial \| Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 55,160	$ 57,027
Less: Allowance for credit losses (1)		$ (218)
Loans and lease receivable allowances, percentage	25.00%	23.00%
Increase (decrease) in loans and leases receivable	$ (1,900)
Percentage of increase (decrease) in loans and leases receivable	(3.27%)
Commercial \| Consumer Loans
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 61,033
Commercial and industrial \| Commercial and Industrial
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 10,078	$ 10,800
Less: Allowance for credit losses (1)		$ (67)
Loans and lease receivable allowances, percentage	4.00%	4.00%
Increase (decrease) in loans and leases receivable	$ (700)
Percentage of increase (decrease) in loans and leases receivable	(6.68%)
SBA Guaranty \| Commercial and Industrial
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 6,930	$ 7,200
Less: Allowance for credit losses (1)		$ (48)
Loans and lease receivable allowances, percentage	3.00%	3.00%
Increase (decrease) in loans and leases receivable	$ (300)
Percentage of increase (decrease) in loans and leases receivable	(3.76%)
Comm SBA PPP \| Commercial and Industrial
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 2,571	$ 9,912
Loans and lease receivable allowances, percentage	1.00%	4.00%
Increase (decrease) in loans and leases receivable	$ (7,300)
Percentage of increase (decrease) in loans and leases receivable	(74.06%)
Consumer and Indirect \| Consumer Loans
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 2,398	$ 3,063
Less: Allowance for credit losses (1)		$ (11)
Loans and lease receivable allowances, percentage	1.00%	1.00%
Increase (decrease) in loans and leases receivable	$ (700)
Percentage of increase (decrease) in loans and leases receivable	(21.72%)
Automobile \| Consumer Loans
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 58,635	$ 74,242
Less: Allowance for credit losses (1)		$ (569)
Loans and lease receivable allowances, percentage	25.00%	29.00%
Increase (decrease) in loans and leases receivable	$ (15,600)
Percentage of increase (decrease) in loans and leases receivable	(21.02%)

LOANS RECEIVABLE AND ALLOWANC_4

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Allowance by Loan Segment (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			$ 1,476,000	$ 2,066,000	$ 2,066,000
Charged off			(193,000)	(277,000)	(392,000)
Recoveries			526,000		491,000
Provision for loan losses	$ (122,000)	$ (669,000)	(593,000)	(263,000)	689,000
Balance, end of year	2,790,000		2,790,000		1,476,000
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	10,000		10,000		11,000
Individually evaluated for impairment, Related loan balance	2,161,000		2,161,000		4,664,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	2,780,000		2,780,000		1,465,000
Collectively evaluated for impairment, Related loan balance	222,513,000		222,513,000		249,108,000
ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			1,574,000
Balance, end of year					1,574,000
Real Estate Loan
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	10,000		10,000		11,000
Construction And Land Development [Member] \| Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			9,000	24,000	24,000
Provision for loan losses			18,000		15,000
Balance, end of year	43,000		43,000		9,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	43,000		43,000		9,000
Collectively evaluated for impairment, Related loan balance	3,662,000		3,662,000		2,553,000
Construction And Land Development [Member] \| Real Estate Loan \| ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			16,000
Balance, end of year					16,000
Farmland \| Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			2,000	2,000	2,000
Balance, end of year	11,000		11,000		2,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	11,000		11,000		2,000
Collectively evaluated for impairment, Related loan balance	345,000		345,000		350,000
Farmland \| Real Estate Loan \| ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			9,000
Balance, end of year					9,000
Single-family \| Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			513,000	849,000	849,000
Recoveries			346,000		266,000
Provision for loan losses			(544,000)		602,000
Balance, end of year	1,169,000		1,169,000		513,000
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	10,000		10,000		11,000
Individually evaluated for impairment, Related loan balance	37,000		37,000		132,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	1,159,000		1,159,000		513,000
Collectively evaluated for impairment, Related loan balance	79,012,000		79,012,000		82,388,000
Single-family \| Real Estate Loan \| ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			854,000
Balance, end of year					854,000
Multi-family \| Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			39,000	40,000	40,000
Provision for loan losses			3,000		1,000
Balance, end of year	105,000		105,000		39,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	105,000		105,000		39,000
Collectively evaluated for impairment, Related loan balance	5,846,000		5,846,000		6,105,000
Multi-family \| Real Estate Loan \| ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			63,000
Balance, end of year					63,000
Commercial and industrial \| Commercial and Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			67,000	69,000	69,000
Recoveries					20,000
Provision for loan losses			(21,000)		22,000
Balance, end of year	166,000		166,000		67,000
Individually evaluated for impairment:
Individually evaluated for impairment, Related loan balance					4,493,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	166,000		166,000		67,000
Collectively evaluated for impairment, Related loan balance	10,078,000		10,078,000		6,307,000
Commercial and industrial \| Commercial and Industrial \| ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			120,000
Balance, end of year					120,000
Commercial \| Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			218,000	241,000	241,000
Provision for loan losses			11,000		23,000
Balance, end of year	428,000		428,000		218,000
Individually evaluated for impairment:
Individually evaluated for impairment, Related loan balance	2,124,000		2,124,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	428,000		428,000		218,000
Collectively evaluated for impairment, Related loan balance	53,036,000		53,036,000		57,027,000
Commercial \| Real Estate Loan \| ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			199,000
Balance, end of year					199,000
SBA Guaranty \| Commercial and Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			48,000	25,000	25,000
Provision for loan losses			(3,000)		(23,000)
Balance, end of year	39,000		39,000		48,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	39,000		39,000		48,000
Collectively evaluated for impairment, Related loan balance	6,930,000		6,930,000		7,200,000
SBA Guaranty \| Commercial and Industrial \| ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			(6,000)
Balance, end of year					(6,000)
Comm SBA PPP \| Commercial and Industrial
Collectively evaluated for impairment:
Collectively evaluated for impairment, Related loan balance	2,571,000		2,571,000		9,912,000
Consumer and Indirect \| Consumer Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			11,000	11,000	11,000
Charged off			(3,000)
Recoveries					6,000
Provision for loan losses			18,000		6,000
Balance, end of year	72,000		72,000		11,000
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance					11,000
Individually evaluated for impairment, Related loan balance					39,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	72,000		72,000
Collectively evaluated for impairment, Related loan balance	2,398,000		2,398,000		3,024,000
Consumer and Indirect \| Consumer Loans \| ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			46,000
Balance, end of year					46,000
Automobile \| Consumer Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			569,000	$ 805,000	805,000
Charged off			(190,000)		(392,000)
Recoveries			180,000		199,000
Provision for loan losses			(75,000)		43,000
Balance, end of year	757,000		757,000		569,000
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	757,000		757,000		569,000
Collectively evaluated for impairment, Related loan balance	$ 58,635,000		58,635,000		74,242,000
Automobile \| Consumer Loans \| ASU 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year			$ 273,000
Balance, end of year					$ 273,000

LOANS RECEIVABLE AND ALLOWANC_5

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Allowance for Credit Losses (Details)	9 Months Ended		12 Months Ended
	Sep. 30, 2021USD ($)borrower	Sep. 30, 2020USD ($)borrower	Dec. 31, 2020USD ($)
Financing Receivable, Allowance For Credit Losses [Line Items]
Average loans	$ 239,492,000	$ 281,773,000
Net charge-offs to average loans (annualized)	(0.19%)	0.07%
Number of borrowers \| borrower	20	30
Loans charged off	$ 193,000	$ 277,000	$ 392,000
Outstanding commitments	30,600,000	33,100,000
Unfunded commitments
Beginning balance	33,000	37,000	37,000
Reduction of unfunded reserve	(34,000)
Ending balance	456,000	29,000	$ 33,000
ASU 2016-13
Unfunded commitments
Ending balance	$ 457,000	$ (8,000)

LOANS RECEIVABLE AND ALLOWANC_6

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Current, Past Due, and Non-Accrual Loans by Categories of loans and Restructured Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 221,328	$ 247,041
Non-accrual	2,781	4,512	$ 4,964	$ 4,127
Total	224,674	253,772
Allowance for loan loss	2,790	1,476		2,066
Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	550	2,201
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days or More and Still Accruing	15	18
Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	141,365	142,489
Non-accrual	2,584	4,299
Total	144,062	148,555
Real Estate Loan \| Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	98	1,749
Real Estate Loan \| Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days or More and Still Accruing	15	18
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	19,508	27,912
Non-accrual	71
Total	19,579	27,912
Consumer Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		76,640
Non-accrual		213
Total	61,033	77,305
Consumer Loans \| Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due		452
Construction And Land Development [Member] \| Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	3,662	2,553
Total	3,662	2,553
Allowance for loan loss	43	9		24
Farmland \| Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	345	350
Total	345	350
Allowance for loan loss	11	2		2
Single-family \| Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	78,804	81,057
Non-accrual	132	270	615	790
Total	79,049	82,520
Allowance for loan loss	1,169	513		849
Single-family \| Real Estate Loan \| Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	98	1,175
Single-family \| Real Estate Loan \| Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days or More and Still Accruing	15	18
Multi-family \| Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	5,846	6,105
Non-accrual			8	24
Total	5,846	6,105
Allowance for loan loss	105	39		40
Commercial \| Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	52,708	52,424
Non-accrual	2,452	4,029	4,081	3,139
Total	55,160	57,027
Allowance for loan loss	428	218		241
Commercial \| Real Estate Loan \| Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due		574
Commercial \| Consumer Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	60,455
Non-accrual	126
Total	61,033
Commercial \| Consumer Loans \| Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	452
Commercial and industrial \| Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	10,078	10,800
Total	10,078	10,800
Allowance for loan loss	166	67		69
SBA Guaranty \| Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	6,859	7,200
Non-accrual	71
Total	6,930	7,200
Allowance for loan loss	39	48		25
Comm SBA PPP \| Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,571	9,912
Total	2,571	9,912
Consumer and Indirect \| Consumer Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,398	3,029
Non-accrual		34	44	51
Total	2,398	3,063
Allowance for loan loss	72	11		11
Automobile \| Consumer Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	58,057	73,611
Non-accrual	126	179	$ 216	123
Total	58,635	74,242
Allowance for loan loss	757	569		$ 805
Automobile \| Consumer Loans \| Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	$ 452	$ 452

LOANS RECEIVABLE AND ALLOWANC_7

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Impaired Financing Receivables (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	$ 27,000	$ 27,000
Unpaid Principal Balance with specific reserves	37,000	38,000
Interest Income Recognized with specific reserves	1,000	2,000
Specific Reserve with specific reserves	10,000	11,000
Average Recorded Investment	49,000	50,000
Recorded Investment with no specific reserve	2,744,000	4,876,000
Unpaid Principal Balance with no specific reserve	2,744,000	4,876,000
Interest Income Recognized with no specific reserve	340,000	199,000
Average Recorded Investment with no specific reserve	3,220,000	5,129,000
Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	27,000	27,000
Unpaid Principal Balance with specific reserves	37,000	38,000
Interest Income Recognized with specific reserves	1,000	2,000
Specific Reserve with specific reserves	10,000	11,000
Average Recorded Investment	49,000	50,000
Recorded Investment with no specific reserve	2,547,000	4,725,000
Unpaid Principal Balance with no specific reserve	2,547,000	4,725,000
Interest Income Recognized with no specific reserve	334,000	185,000
Average Recorded Investment with no specific reserve	3,000,000	4,859,000
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	71,000
Unpaid Principal Balance with no specific reserve	71,000
Interest Income Recognized with no specific reserve	1,000
Average Recorded Investment with no specific reserve	71,000
Consumer Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	126,000	151,000
Unpaid Principal Balance with no specific reserve	126,000	151,000
Interest Income Recognized with no specific reserve	5,000	14,000
Average Recorded Investment with no specific reserve	149,000	270,000
Single-family \| Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	27,000	27,000
Unpaid Principal Balance with specific reserves	37,000	38,000
Interest Income Recognized with specific reserves	1,000	2,000
Specific Reserve with specific reserves	10,000	11,000
Average Recorded Investment	49,000	50,000
Recorded Investment with no specific reserve	95,000	232,000
Unpaid Principal Balance with no specific reserve	95,000	232,000
Interest Income Recognized with no specific reserve	1,000
Average Recorded Investment with no specific reserve	99,000	544,000
Single-family \| Consumer Loans
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance with specific reserves	36,532
Specific Reserve	10,359
Commercial \| Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	2,452,000	4,493,000
Unpaid Principal Balance with no specific reserve	2,452,000	4,493,000
Interest Income Recognized with no specific reserve	333,000	185,000
Average Recorded Investment with no specific reserve	2,901,000	4,315,000
SBA Guaranty \| Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	71,000
Unpaid Principal Balance with no specific reserve	71,000
Interest Income Recognized with no specific reserve	1,000
Average Recorded Investment with no specific reserve	71,000
Consumer and Indirect \| Consumer Loans
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 Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	126,000	117,000
Unpaid Principal Balance with no specific reserve	126,000	117,000
Interest Income Recognized with no specific reserve	5,000	10,000
Average Recorded Investment with no specific reserve	$ 149,000	$ 227,000

LOANS RECEIVABLE AND ALLOWANC_8

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Troubled debt restructured loans (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Troubled debt restructured loans	$ 37,000	$ 39,000
Non-accrual and 90+ days past due and still accruing loans to average loans	1.17%	1.63%
Allowance for credit losses to non-accrual and 90 days or more and still accruing loans	99.60%	32.60%
Consumer and Indirect
Financing Receivable, Impaired [Line Items]
Troubled debt restructured loans	$ 36,532

LOANS RECEIVABLE AND ALLOWANC_9

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Non-accrual loans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	$ 4,512	$ 4,127
Transfer into non-accrual	1,196	2,117
Loans paid down/payoffs	(2,088)	(409)
Loans return to accrual status	(650)	(594)
Loans charged off	(189)	(277)
Balance	2,781	4,964
Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	4,299
Balance	2,584
Commercial and Industrial
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	71
Consumer Loans
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	213
Single-family \| Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	270	790
Transfer into non-accrual		64
Loans paid down/payoffs	(138)	(239)
Balance	132	615
Multi-family \| Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance		24
Loans paid down/payoffs		(16)
Balance		8
Commercial \| Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	4,029	3,139
Transfer into non-accrual	920	1,619
Loans paid down/payoffs	(1,881)	(100)
Loans return to accrual status	(616)	(577)
Balance	2,452	4,081
Commercial \| Consumer Loans
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	126
SBA Guaranty \| Commercial and Industrial
Financing Receivable Nonaccrual Status [Roll Forward]
Transfer into non-accrual	71
Balance	71
Consumer and Indirect \| Consumer Loans
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	34	51
Transfer into non-accrual	1
Loans paid down/payoffs	(1)	(7)
Loans return to accrual status	(34)
Balance		44
Automobile \| Consumer Loans
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	179	123
Transfer into non-accrual	204	434
Loans paid down/payoffs	(68)	(47)
Loans return to accrual status		(17)
Loans charged off	(189)	(277)
Balance	$ 126	$ 216

LOANS RECEIVABLE AND ALLOWAN_10

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Credit Quality Information (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)loan	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 224,674	$ 253,772
Non-accrual	2,781	4,512	$ 4,964	$ 4,127
Troubled debt restructures	$ 37	$ 39
Number of TDRs accounts	1	1
Non-performing TDRs	37	39
Number of non-performing TDRs accounts	1	1
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 221,893	$ 248,858
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	5
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,697	4,798
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	79	116
Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	144,062	148,555
Non-accrual	2,584	4,299
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,579	27,912
Non-accrual	71
Consumer Loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	61,033	77,305
Non-accrual		213
Construction And Land Development [Member] \| Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,662	2,553
Construction And Land Development [Member] \| Real Estate Loan \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,662	2,553
Farmland \| Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	345	350
Farmland \| Real Estate Loan \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	345	350
Single-family \| Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	79,049	82,520
Non-accrual	132	270	615	790
Troubled debt restructures	$ 37	$ 39
Number of TDRs accounts	1	1
Non-performing TDRs	37	39
Number of non-performing TDRs accounts	1	1
Single-family \| Real Estate Loan \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 78,917	$ 82,310
Single-family \| Real Estate Loan \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	132	210
Multi-family \| Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,846	6,105
Non-accrual			8	24
Multi-family \| Real Estate Loan \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,846	6,105
Commercial \| Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	55,160	57,027
Non-accrual	2,452	4,029	4,081	3,139
Commercial \| Real Estate Loan \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	52,708	52,534
Commercial \| Real Estate Loan \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,452	4,493
Commercial \| Consumer Loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	61,033
Non-accrual	126
Commercial and industrial \| Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,078	10,800
Commercial and industrial \| Commercial and Industrial \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,078	10,800
SBA Guaranty \| Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,930	7,200
Non-accrual	71
SBA Guaranty \| Commercial and Industrial \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,859	7,200
SBA Guaranty \| Commercial and Industrial \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	71
Comm SBA PPP \| Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,571	9,912
Comm SBA PPP \| Commercial and Industrial \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,571	9,912
Consumer and Indirect \| Consumer Loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,398	3,063
Non-accrual		34	44	51
Consumer and Indirect \| Consumer Loans \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,398	3,030
Consumer and Indirect \| Consumer Loans \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		33
Automobile \| Consumer Loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	58,635	74,242
Non-accrual	126	179	$ 216	$ 123
Automobile \| Consumer Loans \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	58,509	74,064
Automobile \| Consumer Loans \| Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	5
Automobile \| Consumer Loans \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	42	62
Automobile \| Consumer Loans \| Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 79	$ 116

LOANS RECEIVABLE AND ALLOWAN_11

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - (Details)	1 Months Ended	9 Months Ended
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - (Details)	Jun. 30, 2021USD ($)	Sep. 30, 2021USD ($)borrowerloan	Sep. 30, 2020borrower	Dec. 31, 2020USD ($)
Financing Receivable, Impaired [Line Items]
Number of borrowers \| borrower		20	30
Real estate acquired through foreclosure		$ 0		$ 575,000
Proceeds from sale of real estate	$ 589,000	589,000
Gains on sale of OREO	$ 14,000	$ 14,000
Consumer and Indirect
Financing Receivable, Impaired [Line Items]
Number of loans \| loan		1
Consumer and Indirect \| Consumer Loans
Financing Receivable, Impaired [Line Items]
Number of loans \| loan		1
Number of borrowers \| borrower		1

FAIR VALUE (Details)

FAIR VALUE (Details)	Sep. 30, 2021USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired real estate loans	$ 2,780,532
Minimum [Member] \| Discount Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of discount rate	0
Maximum [Member] \| 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]
Specific reserve amount	$ 10,359

FAIR VALUE - Changes in the ass

FAIR VALUE - Changes in the assets subject to fair value measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 162,827	$ 114,049
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	164,965	118,571
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	162,192	113,675
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	2,773	4,896
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	23,621	24,643
Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	29,722	26,948
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	44,639	29,413
Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,490
Recurring \| Collateralized mortgage obligations \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	23,621	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	23,621	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	29,722	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	29,722	26,948
Recurring \| Municipal securities \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	44,639	29,413
Recurring \| Municipal securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	44,639	29,413
Recurring \| Corporate securities \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,490
Recurring \| Corporate securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,490
Recurring \| US Government Securities \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	63,355	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	63,355	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	635	949
Recurring \| Interest rate swap \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	635	949
Fair Value, Measurements, Nonrecurring [Member] \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maryland Financial Bank stock	3	3
Impaired loans	2,770	4,893
OREO		575
Fair Value, Measurements, Nonrecurring [Member] \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO		575
Fair Value, Measurements, Nonrecurring [Member] \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maryland Financial Bank stock	3	3
Impaired loans	$ 2,770	$ 4,893

FAIR VALUE - Estimated fair val

FAIR VALUE - Estimated fair values of the Company's financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financial assets - Carrying Amount
Cash and due from banks	$ 2,826	$ 2,117
Interest-bearing deposits in other financial institutions	26,466	29,730
Federal funds sold	2,172	5,246
Investment securities available for sale, at fair value	162,827	114,049
Investments in restricted stock	1,062	1,199
Ground rents	136	140
Loans, less allowance for credit losses	221,884	252,296
Accrued interest receivable	1,304	1,302
Cash value of life insurance	8,298	8,181
Financial liabilities - Carrying Amount
Deposits	374,509	349,620
Short-term borrowings	20,000	29,912
Accrued interest payable	14	16
Unrecognized financial instruments:
Commitments to extend credit	29,618	31,561
Standby letters of credit	971	1,044
Financial assets - Fair Value
Cash and due from banks	2,826	2,117
Interest-bearing deposits in other financial institutions	26,466	29,730
Federal funds sold	2,172	5,246
Investment securities available for sale, at fair value	162,827	114,049
Investments in restricted stock	1,062	1,199
Ground rents	136	140
Loans, less allowance for credit losses	229,081	253,946
Accrued interest receivable	1,304	1,302
Cash value of life insurance	8,298	8,181
Financial liabilities - Fair Value
Deposits	375,587	350,666
Short-term borrowings	20,006	29,935
Accrued interest payable	14	16
Unrecognized financial instruments:
Commitments to extend credit	29,618	31,561
Standby letters of credit	$ 971	$ 1,044

FAIR VALUE - Fair value hierarc

FAIR VALUE - Fair value hierarchy of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financial assets - Carrying Amount
Cash and cash equivalents	$ 31,464
Loans receivable, net	221,884	$ 252,296
Cash value of life insurance	8,298
Financial liabilities - Carrying Amount
Deposits	374,509	349,620
Short-term debt	20,000	29,912
Financial assets - Fair Value
Loans receivable, net	229,081	253,946
Financial liabilities - Fair Value
Deposits	375,587	350,666
Short-term debt	20,006	$ 29,935
Fair Value
Financial assets - Fair Value
Cash and cash equivalents	31,464
Loans receivable, net	229,081
Cash value of life insurance	8,298
Financial liabilities - Fair Value
Deposits	375,587
Short-term debt	20,006
Fair Value \| Level 1
Financial assets - Fair Value
Cash and cash equivalents	31,464
Financial liabilities - Fair Value
Deposits	148,487
Fair Value \| Level 2
Financial assets - Fair Value
Cash value of life insurance	8,298
Financial liabilities - Fair Value
Deposits	227,100
Short-term debt	20,006
Fair Value \| Level 3
Financial assets - Fair Value
Loans receivable, net	$ 229,081

RECENT ACCOUNTING PRONOUNCEME_3

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($)	Jan. 01, 2021	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		$ 2,790,000	$ 1,476,000
Reserve for unfunded commitments		456,000	33,000	$ 29,000	$ 37,000
Total allowance for credit losses			1,509,000
ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Reserve for unfunded commitments		$ 457,000		$ (8,000)
Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	$ 1,574,000
Reserve for unfunded commitments	457,000
Total allowance for credit losses	2,031,000
Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	3,050,000
Reserve for unfunded commitments	490,000
Total allowance for credit losses	3,540,000
Real Estate Loan
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			781,000
Real Estate Loan \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	1,141,000
Real Estate Loan \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	1,922,000
Real Estate Loan \| Construction And Land Development [Member]
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			10,000
Real Estate Loan \| Construction And Land Development [Member] \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	16,000
Real Estate Loan \| Construction And Land Development [Member] \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	26,000
Real Estate Loan \| Farmland
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			2,000
Real Estate Loan \| Farmland \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	9,000
Real Estate Loan \| Farmland \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	11,000
Real Estate Loan \| Single-family
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			512,000
Real Estate Loan \| Single-family \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	854,000
Real Estate Loan \| Single-family \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	1,366,000
Real Estate Loan \| Multi-family
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			39,000
Real Estate Loan \| Multi-family \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	63,000
Real Estate Loan \| Multi-family \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	102,000
Real Estate Loan \| Commercial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			218,000
Real Estate Loan \| Commercial \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	199,000
Real Estate Loan \| Commercial \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	417,000
Commercial and Industrial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			115,000
Commercial and Industrial \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	114,000
Commercial and Industrial \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	229,000
Commercial and Industrial \| Commercial and industrial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			67,000
Commercial and Industrial \| Commercial and industrial \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	120,000
Commercial and Industrial \| Commercial and industrial \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	187,000
Commercial and Industrial \| SBA Guaranty
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			48,000
Commercial and Industrial \| SBA Guaranty \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	(6,000)
Commercial and Industrial \| SBA Guaranty \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	42,000
Consumer Loans
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			580,000
Consumer Loans \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	319,000
Consumer Loans \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	899,000
Consumer Loans \| Consumer and Indirect
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			11,000
Consumer Loans \| Consumer and Indirect \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	46,000
Consumer Loans \| Consumer and Indirect \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	57,000
Consumer Loans \| Automobile
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses			$ 569,000
Consumer Loans \| Automobile \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	273,000
Consumer Loans \| Automobile \| Adjusted balance \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	842,000
Retained Earnings [Member] \| Adjustment \| ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Total allowance for credit losses	2,031,000
Allowance for credit losses, tax effect	(559,000)
Allowance for credit losses net of tax	$ 1,472,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - U.S. Government agency securities - USD ($)	Oct. 28, 2021	Oct. 01, 2021	Sep. 30, 2021
Subsequent Event [Line Items]
Credit impairment allowance			$ 0
Subsequent Event
Subsequent Event [Line Items]
Sales of available for sale debt securities	$ 4,700,000	$ 28,700,000
pre-tax losses	$ 246,000	$ 345,300