Glen Burnie Bancorp (GLBZ) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Cover
Document Period End Date	Sep. 30, 2022
Document Quarterly Report	true
Document Transition Report	false
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		2,865,046
Document Type	10-Q
Entity Interactive Data Current	Yes
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 2,572	$ 2,111
Interest-bearing deposits in other financial institutions	51,597	60,070
Cash and Cash Equivalents	54,169	62,181
Investment securities available for sale, at fair value	144,980	155,927
Restricted equity securities, at cost	1,071	1,062
Loans, net of deferred fees and costs	194,080	210,392
Less: Allowance for credit losses	(2,275)	(2,470)
Loans, net	191,805	207,922
Premises and equipment, net	3,366	3,564
Bank owned life insurance	8,454	8,338
Deferred tax assets, net	9,126	956
Accrued interest receivable	1,253	1,085
Accrued taxes receivable	225	301
Prepaid expenses	517	347
Other assets	660	383
Total Assets	415,626	442,066
LIABILITIES
Noninterest-bearing deposits	149,171	155,624
Interest-bearing deposits	229,715	227,623
Total Deposits	378,886	383,247
Short-term borrowings	20,000	10,000
Long-term borrowings		10,000
Defined pension liability	315	304
Accrued expenses and other liabilities	2,085	2,799
Total Liabilities	401,286	406,350
STOCKHOLDERS' EQUITY
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,861,615 and 2,853,880 shares as of September 30, 2022 and December 31, 2021, respectively.	2,862	2,854
Additional paid-in capital	10,836	10,759
Retained earnings	23,035	22,977
Accumulated other comprehensive loss	(22,393)	(874)
Total Stockholders' Equity	14,340	35,716
Total Liabilities and Stockholders' Equity	$ 415,626	$ 442,066

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
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	2,861,615	2,853,880
Common stock, shares outstanding	2,861,615	2,853,880

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
INTEREST INCOME
Interest and fees on loans	$ 2,094,000	$ 2,799,000	$ 6,351,000	$ 8,005,000
Interest and dividends on securities	943,000	773,000	2,435,000	1,976,000
Interest on deposits with banks and federal funds sold	271,000	32,000	468,000	75,000
Total Interest Income	3,308,000	3,604,000	9,254,000	10,056,000
INTEREST EXPENSE
Interest on deposits	116,000	148,000	361,000	474,000
Interest on short-term borrowings	147,000	116,000	338,000	349,000
Interest on long-term borrowings	8,000		34,000
Total Interest Expense	271,000	264,000	733,000	823,000
Net Interest Income	3,037,000	3,340,000	8,521,000	9,233,000
Provision (release) for credit losses	39,000	(122,000)	(178,000)	(593,000)
Net interest income after provision (release)	2,998,000	3,462,000	8,699,000	9,826,000
NONINTEREST INCOME
Gain on securities sold/redeemed		1,000	1,000	1,000
Gains on sale of OREO				14,000
Income on life insurance	40,000	40,000	116,000	117,000
Total Noninterest Income	317,000	359,000	832,000	886,000
NONINTEREST EXPENSE
Salary and benefits	1,647,000	1,686,000	4,783,000	4,904,000
Occupancy and equipment expenses	291,000	306,000	939,000	912,000
Legal, accounting and other professional fees	299,000	121,000	884,000	516,000
Data processing and item processing services	242,000	206,000	703,000	710,000
FDIC insurance costs	28,000	47,000	83,000	130,000
Advertising and marketing related expenses	21,000	20,000	64,000	65,000
Loan collection costs	4,000	(30,000)	(51,000)	(2,000)
Telephone costs	35,000	42,000	119,000	173,000
Other expenses	353,000	293,000	1,016,000	903,000
Total Noninterest Expenses	2,920,000	2,691,000	8,540,000	8,311,000
Income before income taxes	395,000	1,130,000	991,000	2,401,000
Income tax expense	20,000	242,000	76,000	439,000
NET INCOME	$ 375,009	$ 888,440	$ 915,274	$ 1,962,090
Basic net income per share of common stock (in dollars per share)	$ 0.13	$ 0.31	$ 0.32	$ 0.69
Diluted net income per share of common stock (in dollars per share)	$ 0.13	$ 0.31	$ 0.32	$ 0.69
Service charges on deposit accounts
NONINTEREST INCOME
Service charges on deposit accounts	$ 37,000	$ 42,000	$ 119,000	$ 119,000
Other fees and commissions
NONINTEREST INCOME
Other fees and commissions	$ 240,000	$ 276,000	$ 596,000	$ 635,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 375,009	$ 888,440	$ 915,274	$ 1,962,090
Net unrealized loss on securities available for sale:
Net unrealized loss on securities during the period	(9,842,000)	(1,560,000)	(30,335,000)	(2,887,000)
Income tax benefit relating to item above	2,709,000	428,000	8,348,000	795,000
Reclassification adjustment for gain on sales of securities included in net income	(1,000)	(1,000)	(1,000)	(1,000)
Net effect on other comprehensive loss	(7,134,000)	(1,133,000)	(21,988,000)	(2,093,000)
Net unrealized gain on interest rate swaps:
Net unrealized gain on interest rate swap during the period	125,000	87,000	647,000	315,000
Income tax expense relating to item above	(34,000)	(24,000)	(178,000)	(87,000)
Net effect on other comprehensive loss	91,000	63,000	469,000	228,000
Other comprehensive loss	(7,043,000)	(1,070,000)	(21,519,000)	(1,865,000)
Comprehensive (loss) income	$ (6,668,000)	$ (182,000)	$ (20,604,000)	$ 97,000

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Additional Paid-In Capital	Retained Earnings Adjustment	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Adjustment	Total
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 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Retained earnings							22,977,000
Balances at Dec. 31, 2021	2,854,000	10,759,000		22,977,000	(874,000)		35,716,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				915,000			915,274
Cash dividends, $0.30 per share				(857,000)			(857,000)
Dividends reinvested under dividend reinvestment plan	8,000	77,000					85,000
Other comprehensive loss					(21,519,000)		(21,519,000)
Balances at Sep. 30, 2022	$ 2,862,000	$ 10,836,000		$ 23,035,000	$ (22,393,000)		14,340,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Retained earnings							$ 23,035,000

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
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 ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 915	$ 1,962
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion of premises and equipment	318	323
Amortization, and accretion of investment securities available for sale	528	995
Release for credit losses	(178)	(593)
Gain on disposals of assets, net		(14)
Increase in cash surrender value of bank owned life insurance	(116)	(117)
Loss on write-down of MFB stock	2
Increase in ground rents		4
Increase in accrued interest receivable	(167)	(2)
Net increase in other assets	(166)	(121)
Net (increase) decrease in accrued expenses and other liabilities	(153)	439
Net cash provided by operating activities	983	2,876
Cash flows from investing activities:
Redemptions and maturities of investment securities available for sale	11,624	20,244
Proceeds from sales of available for sale debt securities	1
Purchases of investment securities available for sale	(31,540)	(72,904)
Net (purchase) sale of Federal Home Loan Bank stock	(11)	137
Net decrease in loans	16,295	29,431
Proceeds from sale of real estate acquired through foreclosure		589
Purchases of premises and equipment	(231)	(225)
Net cash used in investing activities	(3,862)	(22,728)
Cash flows from financing activities:
Net (decrease) increase in deposits	(4,361)	24,889
Increase (decrease) in short term borrowings	10,000	(9,913)
Decrease in long term borrowings	(10,000)
Cash dividends paid	(857)	(853)
Common stock dividends reinvested	85	100
Net cash (used in) provided by financing activities	(5,133)	14,223
Net decrease in cash and cash equivalents	(8,012)	(5,629)
Cash and cash equivalents at beginning of period	62,181	37,093
Cash and cash equivalents at end of period	54,169	31,464
Supplemental Disclosures of Cash Flow Information:
Interest paid on deposits and borrowings	684	824
Net income taxes paid		415
Net decrease in unrealized depreciation on available for sale securities	(30,335)	(2,887)
Net decrease in unrealized depreciation on swaps	$ 646	$ 315

ORGANIZATIONAL

ORGANIZATIONAL	9 Months Ended
	Sep. 30, 2022
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
	Sep. 30, 2022
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, 2022 and December 31, 2021, the results of operations for the three- and nine-month periods ended September 30, 2022 and 2021, and the statements of cash flows for the nine-month period ended September 30, 2022 and 2021. The operating results for the three- and nine-month periods ended September 30, 2022, are not necessarily indicative of the results that may be expected for the full year ended December 31, 2022, or any future interim period. The consolidated balance sheet at December 31, 2021 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 25, 2022. The unaudited consolidated financial statements for September 30, 2022 and 2021, the consolidated balance sheet at December 31, 2021, 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, 2021. ​ 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, 2021. 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 Credit 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 credit 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 the real estate portfolio segment is disaggregated into five classes: construction and land, farmland, single-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 December 31, 2021 and September 30, 2022, 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 $30.5 million on September 30, 2022. 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 fiscal year 2021 consolidated financial statements have been reclassified to conform to the fiscal year 2022 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 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
	Sep. 30, 2022
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, ​ ​ 2022 2021 2022 2021 Basic and diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 375,009 ​ $ 888,440 ​ $ 915,274 ​ $ 1,962,090 ​ Weighted average common shares outstanding ​ 2,860,352 ​ 2,850,124 ​ 2,857,759 ​ 2,847,042 ​ Basic and dilutive net income per share ​ $ 0.13 ​ $ 0.31 ​ $ 0.32 ​ $ 0.69 ​ ​ Diluted earnings per share calculations were not required for the three- and nine-month periods ended September 30, 2022 and 2021, as there were no stock options outstanding.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2022
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 trading securities at September 30, 2022 or December 31, 2021. 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 ​ 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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2022 ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 18,295 ​ $ 16 ​ $ (2,124) ​ $ 16,187 Agency mortgage-backed securities ​ ​ 60,630 ​ ​ — ​ ​ (7,404) ​ ​ 53,226 Municipal securities ​ ​ 43,121 ​ ​ 5 ​ ​ (12,272) ​ ​ 30,854 Corporate Securities ​ ​ 1,559 ​ ​ — ​ ​ (160) ​ ​ 1,399 U.S. Government agency securities ​ ​ 45,483 ​ ​ 1 ​ ​ (8,949) ​ ​ 36,535 U.S. Treasury securities ​ 6,992 ​ ​ — ​ (213) ​ 6,779 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 176,080 ​ $ 22 ​ $ (31,122) ​ $ 144,980 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 21,730 ​ $ 169 ​ $ (211) ​ $ 21,688 Agency mortgage-backed securities ​ ​ 56,252 ​ 356 ​ (419) ​ 56,189 Municipal securities ​ ​ 44,594 ​ ​ 811 ​ ​ (180) ​ ​ 45,225 Corporate Securities ​ ​ 1,500 ​ ​ — ​ ​ (26) ​ ​ 1,474 U.S. Government agency securities ​ ​ 32,616 ​ ​ 4 ​ ​ (1,269) ​ ​ 31,351 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 156,692 ​ $ 1,340 ​ $ (2,105) ​ $ 155,927 ​ ​ 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, 2022 and December 31, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ 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 $ 9,719 $ (658) $ 4,375 ​ $ (1,466) $ 14,094 $ (2,124) Agency mortgage-backed securities ​ ​ 46,341 ​ ​ (5,622) ​ ​ 6,761 ​ ​ (1,782) ​ ​ 53,102 ​ ​ (7,404) Municipal securities ​ ​ 17,838 ​ ​ (6,226) ​ ​ 12,256 ​ ​ (6,046) ​ ​ 30,094 ​ ​ (12,272) Corporate Securities ​ ​ 58 ​ ​ (1) ​ ​ 1,340 ​ ​ (159) ​ ​ 1,398 ​ ​ (160) U.S. Government agency securities ​ ​ 16,502 ​ ​ (1,101) ​ ​ 19,734 ​ ​ (7,848) ​ ​ 36,236 ​ ​ (8,949) U.S. Treasury securities ​ ​ 6,779 ​ ​ (213) ​ ​ — ​ ​ — ​ ​ 6,779 ​ ​ (213) ​ $ 97,237 $ (13,821) $ 44,466 ​ $ (17,301) $ 141,703 $ (31,122) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ Less than 12 months ​ 12 months or more ​ Total Securities available for sale: ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Value Loss Value Loss Value Loss ​ ​ (dollars in thousands) Collateralized mortgage obligations $ 7,917 ​ $ (194) ​ $ 876 ​ $ (17) ​ $ 8,793 ​ $ (211) Agency mortgage-backed securities ​ ​ 42,109 ​ ​ (414) ​ ​ 197 ​ ​ (5) ​ ​ 42,306 ​ ​ (419) Municipal securities ​ ​ 18,603 ​ ​ (180) ​ ​ — ​ ​ — ​ ​ 18,603 ​ ​ (180) Corporate Securities ​ ​ 1,474 ​ ​ (26) ​ ​ — ​ ​ — ​ ​ 1,474 ​ ​ (26) U.S. Government agency securities ​ ​ 13,976 ​ ​ (420) ​ ​ 15,942 ​ ​ (849) ​ ​ 29,918 ​ ​ (1,269) U.S. Treasury securities ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ $ 84,079 $ (1,234) $ 17,015 ​ $ (871) $ 101,094 $ (2,105) ​ ​ 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, 2022. As of September 30, 2022, 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, 2022, the Company recorded unrealized losses in its portfolio of debt securities totaling $31,122,000 related to 246 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, 2021, the Company recorded unrealized losses in its portfolio of debt securities totaling $2,105,000 related to 116 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, 2022. 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, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Fair ​ Yield (dollars in thousands) Cost ​ Value (1), (2) Available for sale securities maturing: ​ ​ ​ ​ ​ Within one year ​ $ — ​ $ — ​ ​ — % Over one to five years ​ ​ 24,517 ​ ​ 23,656 ​ ​ 2.37 % Over five to ten years ​ 39,149 ​ 34,674 ​ 1.90 % Over ten years ​ 112,414 ​ 86,650 ​ 2.23 % Total debt securities ​ $ 176,080 ​ $ 144,980 ​ ​ ​ _____________________ (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 CREDIT LOSSES	9 Months Ended
	Sep. 30, 2022
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES	NOTE 5 – LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT 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 credit 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, ​ ​ ​ 2022 2021 ​ (dollars in thousands) Amount % Amount % Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ 5,362 ​ 3 ​ $ 4,087 ​ 2 ​ Farmland ​ ​ 336 ​ — ​ ​ 342 ​ — ​ Single-family residential ​ ​ 80,134 ​ 40 ​ ​ 78,119 ​ 37 ​ Multi-family ​ ​ 5,337 ​ 3 ​ ​ 5,428 ​ 3 ​ Commercial ​ ​ 44,431 ​ 23 ​ ​ 48,729 ​ 23 ​ Total loans secured by real estate ​ ​ 135,600 ​ ​ ​ ​ 136,705 ​ ​ ​ Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 8,859 ​ 5 ​ ​ 10,003 ​ 5 ​ SBA guaranty ​ ​ 6,203 ​ 3 ​ ​ 6,397 ​ 3 ​ Comm SBA PPP ​ ​ - ​ — ​ ​ 1,047 ​ — ​ Total commercial and industrial loans ​ ​ 15,062 ​ ​ ​ ​ 17,447 ​ ​ ​ Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ 1,523 ​ 1 ​ ​ 2,090 ​ 1 ​ Automobile ​ ​ 41,895 ​ 22 ​ ​ 54,150 ​ 26 ​ Total consumer loans ​ ​ 43,418 ​ ​ ​ ​ 56,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans, net of deferred fees and costs ​ ​ 194,080 ​ 100 ​ ​ 210,392 ​ 100 ​ Less: Allowance for credit losses ​ ​ (2,275) ​ ​ ​ ​ (2,470) ​ ​ ​ Loans, net ​ $ 191,805 ​ ​ ​ $ 207,922 ​ ​ ​ ​ The Bank’s net loans totaled . Construction and land loans increased from . Farmland loans were million at September 30, 2022 and December 31, 2021. Single-family residential loans increased from . Multi-family residential loans were . Commercial real estate loans decreased $ million on December 31, 2021. Commercial and industrial loans decreased by $ million on December 31, 2021. SBA guaranty loans were million at December 31, 2021. The Commercial Small Business Administration (SBA) Paycheck Protection Program (PPP) loan balance was %. Consumer loans decreased by $ million on December 31, 2021. Automobile loans decreased from Credit Risk and Allowance for Credit 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 credit losses is established through a provision for credit losses charged to expense. Loans are charged against the allowance for credit 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 credit losses in proportion to the total nonaccrual loans and past due loans to be sufficient. ​ Transactions in the allowance for credit losses for the nine months ended September 30, 2022 and the year ended December 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ September 30, 2022 ​ 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 ​ $ 5 ​ $ 11 ​ $ 1,357 ​ $ 105 ​ $ 278 ​ $ 115 ​ $ 30 ​ $ — ​ $ 36 ​ $ 533 ​ $ 2,470 Charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (9) ​ ​ — ​ ​ (10) ​ (132) ​ ​ (151) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 7 ​ 127 ​ 134 Release (provision) for credit losses ​ 45 ​ 9 ​ (119) ​ (4) ​ (57) ​ 105 ​ — ​ — ​ (9) ​ (148) ​ (178) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of quarter ​ $ 50 ​ $ 20 ​ $ 1,238 ​ $ 101 ​ $ 221 ​ $ 220 ​ $ 21 ​ $ — ​ $ 24 ​ $ 380 ​ $ 2,275 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ — ​ $ — ​ $ 18 ​ $ — ​ $ 109 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 127 Related loan balance ​ — ​ — ​ 35 ​ — ​ 499 ​ — ​ — ​ — ​ — ​ — ​ 534 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ 50 ​ $ 20 ​ $ 1,220 ​ $ 101 ​ $ 112 ​ $ 220 ​ $ 21 ​ $ — ​ $ 24 ​ $ 380 ​ $ 2,148 Related loan balance ​ 5,362 ​ 336 ​ 80,099 ​ 5,337 ​ 43,932 ​ 8,859 ​ 6,203 ​ — ​ 1,523 ​ 41,895 ​ 193,546 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ December 31, 2021 ​ Construction ​ ​ ​ Single-family ​ ​ ​ ​ ​ Commercial ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) and Land ​ Farmland ​ Residential ​ Multi-family ​ Commercial and Industrial ​ SBA Guaranty ​ SBA PPP ​ Consumer ​ Automobile ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of year ​ $ 9 ​ $ 2 ​ $ 513 ​ $ 39 ​ $ 218 ​ $ 67 ​ $ 48 ​ $ — ​ $ 11 ​ $ 569 ​ $ 1,476 Impact of ASC 326 adoption ​ ​ 16 ​ ​ 9 ​ ​ 854 ​ ​ 63 ​ ​ 199 ​ ​ 120 ​ ​ (6) ​ ​ — ​ ​ 46 ​ 273 ​ ​ 1,574 Charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (2) ​ (251) ​ ​ (253) Recoveries ​ — ​ — ​ 408 ​ — ​ — ​ — ​ — ​ — ​ — ​ 240 ​ 648 Release (provision) for credit losses ​ (20) ​ — ​ (418) ​ 3 ​ (139) ​ (72) ​ (12) ​ — ​ (19) ​ (298) ​ (975) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of the year ​ $ 5 ​ $ 11 ​ $ 1,357 ​ $ 105 ​ $ 278 ​ $ 115 ​ $ 30 ​ $ — ​ $ 36 ​ $ 533 ​ $ 2,470 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ — ​ $ — ​ $ 10 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10 Related loan balance ​ — ​ ​ — ​ 36 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 36 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ 5 ​ $ 11 ​ $ 1,347 ​ $ 105 ​ $ 278 ​ $ 115 ​ $ 30 ​ $ — ​ $ 36 ​ $ 533 ​ $ 2,460 Related loan balance ​ 4,087 ​ 342 ​ 78,083 ​ 5,428 ​ 48,729 ​ 10,003 ​ 6,397 ​ 1,047 ​ 2,090 ​ 54,150 ​ 210,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ September 30, (dollars in thousands) ​ 2022 ​ 2021 Average loans ​ $ 197,199 ​ ​ $ 239,492 ​ Net charge offs to average loans (annualized) ​ 0.00 % ​ (0.19) % ​ During the nine-month period ended September 30, 2022, loans to 14 borrowers and related entities totaling approximately $151,000 were determined to be uncollectible and were charged off. During the nine-month period ended September 30, 2021, loans to ​ 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, 2022, and 2021, the Bank had outstanding commitments totaling $30.5 million and $30.6 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 allowance for credit losses on 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) 2022 2021 Beginning balance $ 371 $ 33 Impact of ASC 326 adoption ​ ​ — ​ ​ 457 Reduction of unfunded reserve ​ ​ (76) ​ ​ (34) Provisions charged to operations ​ ​ 174 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Ending balance $ 469 $ 456 ​ Contractual Obligations and Commitments. No material changes, outside the normal course of business, have been made during the third quarter of 2022. ​ 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, 2022 ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 5,362 ​ $ — ​ $ — ​ $ — ​ $ 5,362 Farmland ​ 336 ​ — ​ — ​ — ​ 336 Single-family residential ​ ​ 79,811 ​ ​ 204 ​ ​ 11 ​ ​ 108 ​ ​ 80,134 Multi-family ​ ​ 5,337 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,337 Commercial ​ ​ 44,431 ​ ​ — ​ ​ — ​ ​ — ​ ​ 44,431 Total loans secured by real estate ​ 135,277 ​ 204 ​ 11 ​ 108 ​ 135,600 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 8,360 ​ ​ 499 ​ ​ — ​ ​ — ​ ​ 8,859 SBA guaranty ​ ​ 6,203 ​ ​ — ​ ​ — ​ ​ — ​ ​ 6,203 Comm SBA PPP ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial loans ​ ​ 14,563 ​ ​ 499 ​ ​ — ​ ​ — ​ ​ 15,062 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ 1,439 ​ ​ 84 ​ ​ — ​ ​ — ​ ​ 1,523 Automobile ​ ​ 41,636 ​ ​ 184 ​ ​ — ​ ​ 75 ​ ​ 41,895 Total consumer loans ​ 43,075 ​ 268 ​ — ​ 75 ​ 43,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 192,915 ​ $ 971 ​ $ 11 ​ $ 183 ​ $ 194,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ 90 Days or ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ 30-89 Days ​ More and ​ ​ ​ ​ ​ ​ ​ Current Past Due Still Accruing Nonaccrual Total Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ 4,087 ​ $ — ​ $ — ​ $ — ​ $ 4,087 Farmland ​ 342 ​ — ​ — ​ — ​ 342 Single-family residential ​ ​ 77,981 ​ ​ — ​ ​ 15 ​ ​ 123 ​ ​ 78,119 Multi-family ​ ​ 5,428 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,428 Commercial ​ ​ 48,729 ​ ​ — ​ ​ — ​ ​ — ​ ​ 48,729 Total loans secured by real estate ​ 136,567 ​ — ​ 15 ​ 123 ​ 136,705 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — Commercial and industrial ​ ​ 10,003 ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,003 SBA guaranty ​ ​ 6,326 ​ ​ — ​ ​ — ​ ​ 71 ​ ​ 6,397 Comm SBA PPP ​ ​ 1,047 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,047 Total commercial and industrial loans ​ ​ 17,376 ​ ​ — ​ ​ — ​ ​ 71 ​ ​ 17,447 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — Consumer ​ ​ 2,086 ​ ​ 4 ​ ​ — ​ ​ — ​ ​ 2,090 Automobile ​ ​ 53,655 ​ ​ 351 ​ ​ — ​ ​ 144 ​ ​ 54,150 Total consumer loans ​ 55,741 ​ 355 ​ — ​ 144 ​ 56,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 209,684 ​ $ 355 ​ $ 15 ​ $ 338 ​ $ 210,392 ​ The balances in the above charts have not been reduced by the allowance for credit losses. For the period ended September 30, 2022, the allowance for credit loss is $ million. For the period ended December 31, 2021, the allowance for credit loss is Non-accrual loans with specific reserves at September 30, 2022 are comprised of: Single–family residential 34,476 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, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ 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 ​ 17 ​ 35 ​ 1 ​ 18 ​ 48 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total loans secured by real estate ​ ​ 17 ​ ​ 35 ​ ​ 1 ​ ​ 18 ​ ​ 48 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 390 ​ ​ 499 ​ ​ 19 ​ ​ 109 ​ ​ 499 SBA guaranty ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial loans ​ ​ 390 ​ ​ 499 ​ ​ 19 ​ ​ 109 ​ ​ 499 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Automobile ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total consumer loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total impaired loans with specific reserves ​ $ 407 ​ $ 534 ​ $ 20 ​ $ 127 ​ $ 547 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no specific reserve: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ n/a ​ $ — Farmland ​ — ​ — ​ — ​ n/a ​ — Single-family residential ​ 73 ​ 73 ​ 1 ​ n/a ​ 80 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total loans secured by real estate ​ ​ 73 ​ ​ 73 ​ ​ 1 ​ ​ — ​ ​ 80 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — SBA guaranty ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total commercial and industrial loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Automobile ​ ​ 75 ​ ​ 75 ​ ​ 4 ​ ​ n/a ​ ​ 95 Total consumer loans ​ ​ 75 ​ ​ 75 ​ ​ 4 ​ ​ n/a ​ ​ 95 Total impaired loans with no specific reserve ​ $ 148 ​ $ 148 ​ $ 5 ​ $ — ​ $ 175 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Unpaid ​ Interest ​ ​ ​ ​ Average (dollars in thousands) ​ Recorded ​ Principal ​ Income ​ Specific ​ Recorded ​ ​ Investment ​ Balance ​ Recognized ​ Reserve ​ Investment Impaired loans with specific reserves: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Farmland ​ — ​ — ​ — ​ — ​ — Single-family residential ​ 26 ​ 36 ​ 2 ​ 10 ​ 49 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total loans secured by real estate ​ ​ 26 ​ ​ 36 ​ ​ 2 ​ ​ 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 ​ $ 26 ​ $ 36 ​ $ 2 ​ $ 10 ​ $ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no specific reserve: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ n/a ​ $ — Farmland ​ — ​ — ​ — ​ n/a ​ — Single-family residential ​ 87 ​ 87 ​ 3 ​ n/a ​ 98 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total loans secured by real estate ​ ​ 87 ​ ​ 87 ​ ​ 3 ​ ​ — ​ ​ 98 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 ​ ​ 143 ​ ​ 143 ​ ​ 8 ​ ​ n/a ​ ​ 181 Total consumer loans ​ ​ 143 ​ ​ 143 ​ ​ 8 ​ ​ n/a ​ ​ 181 Total impaired loans with no specific reserve ​ $ 301 ​ $ 301 ​ $ 12 ​ $ — ​ $ 350 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ Troubled debt restructured loans $ 34 ​ ​ $ 36 ​ Non-accrual and 90+ days past due and still accruing loans to average loans ​ ​ 0.10 % ​ ​ 0.16 % Allowance for credit losses to nonaccrual & 90+ days past due and still accruing loans ​ ​ 1,171.4 % ​ ​ 703.7 % ​ At September 30, 2022, there was one troubled debt restructured loan consisting of a single-family residential loan in the amount of $34,476 . This loan is in a nonaccrual status. ​ The following table shows the activity for non-accrual loans for the nine months ended September 30, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Industrial Loans ​ Consumer Loans ​ ​ ​ ​ Single-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Residential ​ Commercial SBA Guaranty ​ Consumer ​ Automobile ​ Total ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 $ 123 ​ $ — ​ $ 71 ​ ​ $ — ​ $ 144 ​ $ 338 Transfers into nonaccrual ​ 31 ​ ​ — ​ ​ — ​ ​ ​ 11 ​ ​ 151 ​ ​ 193 Loans paid down/payoffs (46) ​ — ​ (61) ​ ​ (11) ​ (73) ​ (191) Loans returned to accrual status ​ — ​ ​ — ​ ​ — ​ ​ ​ — ​ ​ (29) ​ ​ (29) Loans charged off — ​ — ​ (10) ​ ​ — ​ (118) ​ (128) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 $ 108 ​ $ — ​ $ — ​ ​ $ — ​ $ 75 ​ $ 183 ​ ​ Other Real Estate Owned. The Company had no real estate acquired in partial or total satisfaction of debt at September 30, 2022, and December 31, 2021. All such properties are initially recorded at the lower of cost or fair value (net realizable value) at the date acquired and carried on the balance sheet as other real estate owned. Losses arising at the date of acquisition are charged against the allowance for credit losses. Subsequent write-downs that may be required and expense of operation are included in noninterest expense. Gains and losses realized from the sale of other real estate owned were included in noninterest income. ​ Credit Quality Information In addition to monitoring the performance status of the loan portfolio, the Company utilizes a risk rating scale (1-8) to evaluate loan asset quality for all loans. Loans that are rated 1-4 are classified as pass credits. For the pass rated loans, management believes there is a low risk of loss related to these loans and, as necessary, credit may be strengthened through improved borrower performance and/or additional collateral. The Bank’s internal risk ratings are as follows: 1 – 4 (Pass) - Pass credits are loans in grades “superior” through “acceptable”. These are at least considered to be credits with acceptable risks and would be granted in the normal course of lending operations. 5 (Special Mention) - Special mention credits have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credits or in the Bank’s credit position at some future date. If weaknesses cannot be identified, classifying as special mention is not appropriate. Special mention credits are not adversely classified and do not expose the Bank to sufficient risk to warrant an adverse classification. No apparent loss of principal or interest is expected. 6 (Substandard) - Substandard credits are inadequately protected by the current worth and paying capacity of the obligor or by the collateral pledged. Financial statements normally reveal some or all of the following: poor trends, lack of earnings and cash flow, excessive debt, lack of liquidity, and the absence of creditor protection. Credits so classified must have a well-defined weakness, or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. 7 (Doubtful) - A doubtful credit has all the weaknesses inherent in a substandard asset with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans. Doubtful classification for an entire credit should be avoided when collection of a specific portion appears highly probable with the adequately secured portion graded Substandard. The following tables provides information with respect to the Company's credit quality indicators by loan portfolio segment on September 30, 2022, and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ September 30, 2022 ​ 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 ​ $ 5,362 ​ $ 336 ​ $ 80,026 ​ $ 5,337 ​ $ 44,431 ​ $ 8,360 ​ $ 6,203 ​ $ — ​ $ 1,523 ​ $ 41,820 ​ $ 193,398 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 499 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 499 Substandard ​ ​ — ​ ​ — ​ ​ 108 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 71 ​ ​ 179 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 4 Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,362 ​ $ 336 ​ $ 80,134 ​ $ 5,337 ​ $ 44,431 ​ $ 8,859 ​ $ 6,203 ​ $ — ​ $ 1,523 ​ $ 41,895 ​ $ 194,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonaccrual ​ $ — ​ $ — ​ $ 108 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 75 ​ $ 183 Troubled debt restructures ​ $ — ​ $ — ​ $ 34 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 34 Number of TDRs accounts ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 Non-performing TDRs ​ $ — ​ $ — ​ $ 34 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 34 Number of non-performing TDR accounts ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ December 31, 2021 ​ Construction ​ ​ ​ Single-family ​ ​ ​ ​ ​ Commercial ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) and Land ​ Farmland ​ Residential ​ Multi-family ​ Commercial and Industrial ​ SBA Guaranty ​ SBA PPP ​ Consumer ​ Automobile ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 4,072 ​ $ 342 ​ $ 77,996 ​ $ 5,428 ​ $ 45,307 ​ $ 10,003 ​ $ 6,326 ​ $ 1,047 ​ $ 2,084 ​ $ 54,006 ​ $ 206,611 Special mention ​ ​ 15 ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,422 ​ ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ ​ 4 ​ ​ 3,447 Substandard ​ ​ — ​ ​ — ​ ​ 123 ​ ​ — ​ ​ — ​ ​ — ​ ​ 71 ​ ​ — ​ ​ — ​ ​ 50 ​ ​ 244 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 90 ​ ​ 90 Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 4,087 ​ $ 342 ​ $ 78,119 ​ $ 5,428 ​ $ 48,729 ​ $ 10,003 ​ $ 6,397 ​ $ 1,047 ​ $ 2,090 ​ $ 54,150 ​ $ 210,392 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonaccrual ​ $ — ​ $ — ​ $ 123 ​ $ — ​ $ — ​ $ — ​ $ 71 ​ $ — ​ $ — ​ $ 144 ​ $ 338 Troubled debt restructures ​ $ — ​ $ — ​ $ 36 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 36 Number of TDRs accounts ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 Non-performing TDRs ​ $ — ​ $ — ​ $ 36 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 36 Number of non-performing TDR accounts ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2022
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, 2022. 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, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ 16,187 ​ $ — ​ $ 16,187 Agency mortgage-backed securities ​ — ​ 53,226 ​ — ​ 53,226 Municipal securities ​ — ​ 30,854 ​ — ​ 30,854 Corporate securities ​ ​ — ​ ​ 1,399 ​ ​ — ​ ​ 1,399 U.S. Government agency securities ​ ​ — ​ 36,535 ​ — ​ 36,535 U.S. Treasury securities ​ ​ — ​ ​ 6,779 ​ ​ — ​ ​ 6,779 Interest rate swap ​ ​ — ​ ​ 205 ​ ​ — ​ ​ 205 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maryland Financial Bank stock ​ — ​ — ​ — ​ — Impaired loans ​ — ​ — ​ 555 ​ 555 ​ ​ $ — ​ $ 145,185 ​ $ 555 ​ $ 145,740 December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ 21,688 ​ $ — ​ $ 21,688 Agency mortgage-backed securities ​ — ​ 56,189 ​ — ​ 56,189 Municipal securities ​ — ​ 45,225 ​ — ​ 45,225 Corporate securities ​ ​ — ​ ​ 1,474 ​ ​ — ​ ​ 1,474 U.S. Government agency securities ​ ​ — ​ ​ 31,351 ​ ​ — ​ ​ 31,351 U.S. Treasury securities ​ ​ — ​ ​ — ​ ​ — ​ ​ — Interest rate swap ​ ​ — ​ ​ (442) ​ ​ — ​ ​ (442) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maryland Financial Bank stock ​ — ​ — ​ 3 ​ 3 Impaired loans ​ — ​ — ​ 317 ​ 317 ​ ​ $ — ​ $ 155,485 ​ $ 320 ​ $ 155,805 ​ ​ The estimated fair values of the Company’s financial instruments at September 30, 2022 and December 31, 2021 are summarized in the following table. 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, 2022 ​ December 31, 2021 ​ (dollars in thousands) ​ Carrying ​ Fair ​ Carrying ​ Fair ​ ​ Amount Value Amount Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 2,572 ​ $ 2,572 ​ $ 2,111 ​ $ 2,111 ​ Interest-bearing deposits in other financial institutions ​ 50,245 ​ 50,245 ​ 56,434 ​ 56,434 ​ Federal funds sold ​ 1,352 ​ 1,352 ​ 3,636 ​ 3,636 ​ Investment securities available for sale ​ 144,980 ​ 144,980 ​ 155,927 ​ 155,927 ​ Investments in restricted stock ​ ​ 1,071 ​ ​ 1,071 ​ ​ 1,062 ​ ​ 1,062 ​ Ground rents ​ 131 ​ 131 ​ 131 ​ 131 ​ Loans, less allowance for credit losses ​ 191,805 ​ 187,248 ​ 207,922 ​ 211,541 ​ Accrued interest receivable ​ 1,253 ​ 1,253 ​ 1,085 ​ 1,085 ​ Cash value of life insurance ​ 8,454 ​ 8,454 ​ 8,338 ​ 8,338 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 378,886 ​ 316,406 ​ 383,247 ​ 383,910 ​ Long-term borrowings ​ — ​ — ​ 10,000 ​ 9,888 ​ Short-term borrowings ​ ​ 20,000 ​ ​ 19,896 ​ ​ 10,000 ​ ​ 10,000 ​ Accrued interest payable ​ 60 ​ 60 ​ 11 ​ 11 ​ Unrecognized financial instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to extend credit ​ 30,494 ​ 30,494 ​ 28,167 ​ 28,167 ​ Standby letters of credit ​ 45 ​ 45 ​ 55 ​ 55 ​ ​ 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, 2022 Amount Value Level 1 Level 2 Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 54,169 ​ $ 54,169 ​ $ 54,169 $ — ​ $ — Loans receivable, net ​ 191,805 ​ 187,248 ​ — — ​ 187,248 Cash value of life insurance ​ 8,454 ​ 8,454 ​ — 8,454 ​ — Financial instruments - Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 378,886 ​ 316,406 ​ — 316,406 ​ — Long-term debt ​ — ​ — ​ — — ​ — Short-term debt ​ 20,000 ​ 19,896 ​ — 19,896 ​ — ​ ​ 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
	Sep. 30, 2022
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 2021 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 ​ $ 9 ​ $ 17 ​ $ 26 Farmland ​ ​ 2 ​ ​ 9 ​ ​ 11 Single-family residential ​ ​ 513 ​ ​ 853 ​ ​ 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 credit 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, 2021. The adoption of this guidance did not have a material impact upon the Company’s financial position and results of operations. ​ 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 adoption of this guidance did not have a material impact upon the Company’s financial position and results of operations. ​ 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 adoption of this guidance did not have a material impact upon the Company’s financial position and results of operations. ​ ASU No. 2022-01, “Derivative and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method.” The ASU clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets. The ASU amends the guidance in ASU 2017-12 (released on August 28, 2017) that, among other things, established the “last-of-layer” method for making the fair value hedge accounting for these portfolios more accessible. The ASU renames that method the “portfolio layer” method and addresses feedback from stakeholders regarding its application. The objective of the ASU is to better align the Company’s financial reporting with the results of its risk management strategy, and to improve the hedge accounting model by simplifying it. The ASU is effective for the Company for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is evaluating the impact of adopting the new guidance on the consolidated financial statements. ​ ASU No. 2022-02, “Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures.” The ASU eliminates the accounting guidance for troubled debt restructurings ("TDRs") in ASC 310-40, "Receivables - Troubled Debt Restructurings by Creditors" for entities that have adopted the current expected credit loss ("CECL") model introduced by ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. It also requires that public business entities disclose current-period gross charge-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, "Financial Instruments—Credit Losses—Measured at Amortized Cost". The ASU is effective for the Company for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted. The Company is evaluating the impact of adopting the new guidance on the consolidated financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS None. ​

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2022
Summary of Significant Accounting Policies
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 Credit 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 credit 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 the real estate portfolio segment is disaggregated into five classes: construction and land, farmland, single-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 December 31, 2021 and September 30, 2022, 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 $30.5 million on September 30, 2022. 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 fiscal year 2021 consolidated financial statements have been reclassified to conform to the fiscal year 2022 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 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
	Sep. 30, 2022
EARNINGS PER SHARE
Schedule of earnings per common share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2022 2021 2022 2021 Basic and diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 375,009 ​ $ 888,440 ​ $ 915,274 ​ $ 1,962,090 ​ Weighted average common shares outstanding ​ 2,860,352 ​ 2,850,124 ​ 2,857,759 ​ 2,847,042 ​ Basic and dilutive net income per share ​ $ 0.13 ​ $ 0.31 ​ $ 0.32 ​ $ 0.69 ​

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2022
INVESTMENT SECURITIES
Schedule of summary of investment securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2022 ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 18,295 ​ $ 16 ​ $ (2,124) ​ $ 16,187 Agency mortgage-backed securities ​ ​ 60,630 ​ ​ — ​ ​ (7,404) ​ ​ 53,226 Municipal securities ​ ​ 43,121 ​ ​ 5 ​ ​ (12,272) ​ ​ 30,854 Corporate Securities ​ ​ 1,559 ​ ​ — ​ ​ (160) ​ ​ 1,399 U.S. Government agency securities ​ ​ 45,483 ​ ​ 1 ​ ​ (8,949) ​ ​ 36,535 U.S. Treasury securities ​ 6,992 ​ ​ — ​ (213) ​ 6,779 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 176,080 ​ $ 22 ​ $ (31,122) ​ $ 144,980 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 21,730 ​ $ 169 ​ $ (211) ​ $ 21,688 Agency mortgage-backed securities ​ ​ 56,252 ​ 356 ​ (419) ​ 56,189 Municipal securities ​ ​ 44,594 ​ ​ 811 ​ ​ (180) ​ ​ 45,225 Corporate Securities ​ ​ 1,500 ​ ​ — ​ ​ (26) ​ ​ 1,474 U.S. Government agency securities ​ ​ 32,616 ​ ​ 4 ​ ​ (1,269) ​ ​ 31,351 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 156,692 ​ $ 1,340 ​ $ (2,105) ​ $ 155,927 ​
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, 2022 and December 31, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ 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 $ 9,719 $ (658) $ 4,375 ​ $ (1,466) $ 14,094 $ (2,124) Agency mortgage-backed securities ​ ​ 46,341 ​ ​ (5,622) ​ ​ 6,761 ​ ​ (1,782) ​ ​ 53,102 ​ ​ (7,404) Municipal securities ​ ​ 17,838 ​ ​ (6,226) ​ ​ 12,256 ​ ​ (6,046) ​ ​ 30,094 ​ ​ (12,272) Corporate Securities ​ ​ 58 ​ ​ (1) ​ ​ 1,340 ​ ​ (159) ​ ​ 1,398 ​ ​ (160) U.S. Government agency securities ​ ​ 16,502 ​ ​ (1,101) ​ ​ 19,734 ​ ​ (7,848) ​ ​ 36,236 ​ ​ (8,949) U.S. Treasury securities ​ ​ 6,779 ​ ​ (213) ​ ​ — ​ ​ — ​ ​ 6,779 ​ ​ (213) ​ $ 97,237 $ (13,821) $ 44,466 ​ $ (17,301) $ 141,703 $ (31,122) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ Less than 12 months ​ 12 months or more ​ Total Securities available for sale: ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Value Loss Value Loss Value Loss ​ ​ (dollars in thousands) Collateralized mortgage obligations $ 7,917 ​ $ (194) ​ $ 876 ​ $ (17) ​ $ 8,793 ​ $ (211) Agency mortgage-backed securities ​ ​ 42,109 ​ ​ (414) ​ ​ 197 ​ ​ (5) ​ ​ 42,306 ​ ​ (419) Municipal securities ​ ​ 18,603 ​ ​ (180) ​ ​ — ​ ​ — ​ ​ 18,603 ​ ​ (180) Corporate Securities ​ ​ 1,474 ​ ​ (26) ​ ​ — ​ ​ — ​ ​ 1,474 ​ ​ (26) U.S. Government agency securities ​ ​ 13,976 ​ ​ (420) ​ ​ 15,942 ​ ​ (849) ​ ​ 29,918 ​ ​ (1,269) U.S. Treasury securities ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ $ 84,079 $ (1,234) $ 17,015 ​ $ (871) $ 101,094 $ (2,105)
Schedule of contractual maturities of investment securities	Shown below are contractual maturities of debt securities at September 30, 2022. 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, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Fair ​ Yield (dollars in thousands) Cost ​ Value (1), (2) Available for sale securities maturing: ​ ​ ​ ​ ​ Within one year ​ $ — ​ $ — ​ ​ — % Over one to five years ​ ​ 24,517 ​ ​ 23,656 ​ ​ 2.37 % Over five to ten years ​ 39,149 ​ 34,674 ​ 1.90 % Over ten years ​ 112,414 ​ 86,650 ​ 2.23 % Total debt securities ​ $ 176,080 ​ $ 144,980 ​ ​ ​ _____________________ (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
	Sep. 30, 2022
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES
Schedule of major categories of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ 2022 2021 ​ (dollars in thousands) Amount % Amount % Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ 5,362 ​ 3 ​ $ 4,087 ​ 2 ​ Farmland ​ ​ 336 ​ — ​ ​ 342 ​ — ​ Single-family residential ​ ​ 80,134 ​ 40 ​ ​ 78,119 ​ 37 ​ Multi-family ​ ​ 5,337 ​ 3 ​ ​ 5,428 ​ 3 ​ Commercial ​ ​ 44,431 ​ 23 ​ ​ 48,729 ​ 23 ​ Total loans secured by real estate ​ ​ 135,600 ​ ​ ​ ​ 136,705 ​ ​ ​ Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 8,859 ​ 5 ​ ​ 10,003 ​ 5 ​ SBA guaranty ​ ​ 6,203 ​ 3 ​ ​ 6,397 ​ 3 ​ Comm SBA PPP ​ ​ - ​ — ​ ​ 1,047 ​ — ​ Total commercial and industrial loans ​ ​ 15,062 ​ ​ ​ ​ 17,447 ​ ​ ​ Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ 1,523 ​ 1 ​ ​ 2,090 ​ 1 ​ Automobile ​ ​ 41,895 ​ 22 ​ ​ 54,150 ​ 26 ​ Total consumer loans ​ ​ 43,418 ​ ​ ​ ​ 56,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans, net of deferred fees and costs ​ ​ 194,080 ​ 100 ​ ​ 210,392 ​ 100 ​ Less: Allowance for credit losses ​ ​ (2,275) ​ ​ ​ ​ (2,470) ​ ​ ​ Loans, net ​ $ 191,805 ​ ​ ​ $ 207,922 ​ ​ ​
Schedule of total allowance by loan segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ September 30, 2022 ​ 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 ​ $ 5 ​ $ 11 ​ $ 1,357 ​ $ 105 ​ $ 278 ​ $ 115 ​ $ 30 ​ $ — ​ $ 36 ​ $ 533 ​ $ 2,470 Charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (9) ​ ​ — ​ ​ (10) ​ (132) ​ ​ (151) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 7 ​ 127 ​ 134 Release (provision) for credit losses ​ 45 ​ 9 ​ (119) ​ (4) ​ (57) ​ 105 ​ — ​ — ​ (9) ​ (148) ​ (178) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of quarter ​ $ 50 ​ $ 20 ​ $ 1,238 ​ $ 101 ​ $ 221 ​ $ 220 ​ $ 21 ​ $ — ​ $ 24 ​ $ 380 ​ $ 2,275 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ — ​ $ — ​ $ 18 ​ $ — ​ $ 109 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 127 Related loan balance ​ — ​ — ​ 35 ​ — ​ 499 ​ — ​ — ​ — ​ — ​ — ​ 534 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ 50 ​ $ 20 ​ $ 1,220 ​ $ 101 ​ $ 112 ​ $ 220 ​ $ 21 ​ $ — ​ $ 24 ​ $ 380 ​ $ 2,148 Related loan balance ​ 5,362 ​ 336 ​ 80,099 ​ 5,337 ​ 43,932 ​ 8,859 ​ 6,203 ​ — ​ 1,523 ​ 41,895 ​ 193,546 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ December 31, 2021 ​ Construction ​ ​ ​ Single-family ​ ​ ​ ​ ​ Commercial ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) and Land ​ Farmland ​ Residential ​ Multi-family ​ Commercial and Industrial ​ SBA Guaranty ​ SBA PPP ​ Consumer ​ Automobile ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of year ​ $ 9 ​ $ 2 ​ $ 513 ​ $ 39 ​ $ 218 ​ $ 67 ​ $ 48 ​ $ — ​ $ 11 ​ $ 569 ​ $ 1,476 Impact of ASC 326 adoption ​ ​ 16 ​ ​ 9 ​ ​ 854 ​ ​ 63 ​ ​ 199 ​ ​ 120 ​ ​ (6) ​ ​ — ​ ​ 46 ​ 273 ​ ​ 1,574 Charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (2) ​ (251) ​ ​ (253) Recoveries ​ — ​ — ​ 408 ​ — ​ — ​ — ​ — ​ — ​ — ​ 240 ​ 648 Release (provision) for credit losses ​ (20) ​ — ​ (418) ​ 3 ​ (139) ​ (72) ​ (12) ​ — ​ (19) ​ (298) ​ (975) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of the year ​ $ 5 ​ $ 11 ​ $ 1,357 ​ $ 105 ​ $ 278 ​ $ 115 ​ $ 30 ​ $ — ​ $ 36 ​ $ 533 ​ $ 2,470 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ — ​ $ — ​ $ 10 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10 Related loan balance ​ — ​ ​ — ​ 36 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 36 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ 5 ​ $ 11 ​ $ 1,347 ​ $ 105 ​ $ 278 ​ $ 115 ​ $ 30 ​ $ — ​ $ 36 ​ $ 533 ​ $ 2,460 Related loan balance ​ 4,087 ​ 342 ​ 78,083 ​ 5,428 ​ 48,729 ​ 10,003 ​ 6,397 ​ 1,047 ​ 2,090 ​ 54,150 ​ 210,356
Schedule of allowances for credit losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ September 30, (dollars in thousands) ​ 2022 ​ 2021 Average loans ​ $ 197,199 ​ ​ $ 239,492 ​ Net charge offs to average loans (annualized) ​ 0.00 % ​ (0.19) %
Schedule of reserve for unfunded commitments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ ​ Ended September 30, (dollars in thousands) 2022 2021 Beginning balance $ 371 $ 33 Impact of ASC 326 adoption ​ ​ — ​ ​ 457 Reduction of unfunded reserve ​ ​ (76) ​ ​ (34) Provisions charged to operations ​ ​ 174 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Ending balance $ 469 $ 456
Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2022 ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 5,362 ​ $ — ​ $ — ​ $ — ​ $ 5,362 Farmland ​ 336 ​ — ​ — ​ — ​ 336 Single-family residential ​ ​ 79,811 ​ ​ 204 ​ ​ 11 ​ ​ 108 ​ ​ 80,134 Multi-family ​ ​ 5,337 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,337 Commercial ​ ​ 44,431 ​ ​ — ​ ​ — ​ ​ — ​ ​ 44,431 Total loans secured by real estate ​ 135,277 ​ 204 ​ 11 ​ 108 ​ 135,600 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 8,360 ​ ​ 499 ​ ​ — ​ ​ — ​ ​ 8,859 SBA guaranty ​ ​ 6,203 ​ ​ — ​ ​ — ​ ​ — ​ ​ 6,203 Comm SBA PPP ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial loans ​ ​ 14,563 ​ ​ 499 ​ ​ — ​ ​ — ​ ​ 15,062 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ 1,439 ​ ​ 84 ​ ​ — ​ ​ — ​ ​ 1,523 Automobile ​ ​ 41,636 ​ ​ 184 ​ ​ — ​ ​ 75 ​ ​ 41,895 Total consumer loans ​ 43,075 ​ 268 ​ — ​ 75 ​ 43,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 192,915 ​ $ 971 ​ $ 11 ​ $ 183 ​ $ 194,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ 90 Days or ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ 30-89 Days ​ More and ​ ​ ​ ​ ​ ​ ​ Current Past Due Still Accruing Nonaccrual Total Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ 4,087 ​ $ — ​ $ — ​ $ — ​ $ 4,087 Farmland ​ 342 ​ — ​ — ​ — ​ 342 Single-family residential ​ ​ 77,981 ​ ​ — ​ ​ 15 ​ ​ 123 ​ ​ 78,119 Multi-family ​ ​ 5,428 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,428 Commercial ​ ​ 48,729 ​ ​ — ​ ​ — ​ ​ — ​ ​ 48,729 Total loans secured by real estate ​ 136,567 ​ — ​ 15 ​ 123 ​ 136,705 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — Commercial and industrial ​ ​ 10,003 ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,003 SBA guaranty ​ ​ 6,326 ​ ​ — ​ ​ — ​ ​ 71 ​ ​ 6,397 Comm SBA PPP ​ ​ 1,047 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,047 Total commercial and industrial loans ​ ​ 17,376 ​ ​ — ​ ​ — ​ ​ 71 ​ ​ 17,447 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — Consumer ​ ​ 2,086 ​ ​ 4 ​ ​ — ​ ​ — ​ ​ 2,090 Automobile ​ ​ 53,655 ​ ​ 351 ​ ​ — ​ ​ 144 ​ ​ 54,150 Total consumer loans ​ 55,741 ​ 355 ​ — ​ 144 ​ 56,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 209,684 ​ $ 355 ​ $ 15 ​ $ 338 ​ $ 210,392 ​
Schedule of impaired financing receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ 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 ​ 17 ​ 35 ​ 1 ​ 18 ​ 48 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total loans secured by real estate ​ ​ 17 ​ ​ 35 ​ ​ 1 ​ ​ 18 ​ ​ 48 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 390 ​ ​ 499 ​ ​ 19 ​ ​ 109 ​ ​ 499 SBA guaranty ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial loans ​ ​ 390 ​ ​ 499 ​ ​ 19 ​ ​ 109 ​ ​ 499 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Automobile ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total consumer loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total impaired loans with specific reserves ​ $ 407 ​ $ 534 ​ $ 20 ​ $ 127 ​ $ 547 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no specific reserve: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ n/a ​ $ — Farmland ​ — ​ — ​ — ​ n/a ​ — Single-family residential ​ 73 ​ 73 ​ 1 ​ n/a ​ 80 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total loans secured by real estate ​ ​ 73 ​ ​ 73 ​ ​ 1 ​ ​ — ​ ​ 80 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — SBA guaranty ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total commercial and industrial loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Automobile ​ ​ 75 ​ ​ 75 ​ ​ 4 ​ ​ n/a ​ ​ 95 Total consumer loans ​ ​ 75 ​ ​ 75 ​ ​ 4 ​ ​ n/a ​ ​ 95 Total impaired loans with no specific reserve ​ $ 148 ​ $ 148 ​ $ 5 ​ $ — ​ $ 175 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Unpaid ​ Interest ​ ​ ​ ​ Average (dollars in thousands) ​ Recorded ​ Principal ​ Income ​ Specific ​ Recorded ​ ​ Investment ​ Balance ​ Recognized ​ Reserve ​ Investment Impaired loans with specific reserves: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Farmland ​ — ​ — ​ — ​ — ​ — Single-family residential ​ 26 ​ 36 ​ 2 ​ 10 ​ 49 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total loans secured by real estate ​ ​ 26 ​ ​ 36 ​ ​ 2 ​ ​ 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 ​ $ 26 ​ $ 36 ​ $ 2 ​ $ 10 ​ $ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no specific reserve: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ n/a ​ $ — Farmland ​ — ​ — ​ — ​ n/a ​ — Single-family residential ​ 87 ​ 87 ​ 3 ​ n/a ​ 98 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total loans secured by real estate ​ ​ 87 ​ ​ 87 ​ ​ 3 ​ ​ — ​ ​ 98 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 ​ ​ 143 ​ ​ 143 ​ ​ 8 ​ ​ n/a ​ ​ 181 Total consumer loans ​ ​ 143 ​ ​ 143 ​ ​ 8 ​ ​ n/a ​ ​ 181 Total impaired loans with no specific reserve ​ $ 301 ​ $ 301 ​ $ 12 ​ $ — ​ $ 350
Schedule of allowance for loan loss and the unearned income on loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ Troubled debt restructured loans $ 34 ​ ​ $ 36 ​ Non-accrual and 90+ days past due and still accruing loans to average loans ​ ​ 0.10 % ​ ​ 0.16 % Allowance for credit losses to nonaccrual & 90+ days past due and still accruing loans ​ ​ 1,171.4 % ​ ​ 703.7 %
Schedule of non accrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Industrial Loans ​ Consumer Loans ​ ​ ​ ​ Single-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Residential ​ Commercial SBA Guaranty ​ Consumer ​ Automobile ​ Total ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 $ 123 ​ $ — ​ $ 71 ​ ​ $ — ​ $ 144 ​ $ 338 Transfers into nonaccrual ​ 31 ​ ​ — ​ ​ — ​ ​ ​ 11 ​ ​ 151 ​ ​ 193 Loans paid down/payoffs (46) ​ — ​ (61) ​ ​ (11) ​ (73) ​ (191) Loans returned to accrual status ​ — ​ ​ — ​ ​ — ​ ​ ​ — ​ ​ (29) ​ ​ (29) Loans charged off — ​ — ​ (10) ​ ​ — ​ (118) ​ (128) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 $ 108 ​ $ — ​ $ — ​ ​ $ — ​ $ 75 ​ $ 183
Schedule of risk ratings of loans by categories of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ September 30, 2022 ​ 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 ​ $ 5,362 ​ $ 336 ​ $ 80,026 ​ $ 5,337 ​ $ 44,431 ​ $ 8,360 ​ $ 6,203 ​ $ — ​ $ 1,523 ​ $ 41,820 ​ $ 193,398 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 499 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 499 Substandard ​ ​ — ​ ​ — ​ ​ 108 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 71 ​ ​ 179 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 4 Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,362 ​ $ 336 ​ $ 80,134 ​ $ 5,337 ​ $ 44,431 ​ $ 8,859 ​ $ 6,203 ​ $ — ​ $ 1,523 ​ $ 41,895 ​ $ 194,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonaccrual ​ $ — ​ $ — ​ $ 108 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 75 ​ $ 183 Troubled debt restructures ​ $ — ​ $ — ​ $ 34 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 34 Number of TDRs accounts ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 Non-performing TDRs ​ $ — ​ $ — ​ $ 34 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 34 Number of non-performing TDR accounts ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ December 31, 2021 ​ Construction ​ ​ ​ Single-family ​ ​ ​ ​ ​ Commercial ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) and Land ​ Farmland ​ Residential ​ Multi-family ​ Commercial and Industrial ​ SBA Guaranty ​ SBA PPP ​ Consumer ​ Automobile ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 4,072 ​ $ 342 ​ $ 77,996 ​ $ 5,428 ​ $ 45,307 ​ $ 10,003 ​ $ 6,326 ​ $ 1,047 ​ $ 2,084 ​ $ 54,006 ​ $ 206,611 Special mention ​ ​ 15 ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,422 ​ ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ ​ 4 ​ ​ 3,447 Substandard ​ ​ — ​ ​ — ​ ​ 123 ​ ​ — ​ ​ — ​ ​ — ​ ​ 71 ​ ​ — ​ ​ — ​ ​ 50 ​ ​ 244 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 90 ​ ​ 90 Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 4,087 ​ $ 342 ​ $ 78,119 ​ $ 5,428 ​ $ 48,729 ​ $ 10,003 ​ $ 6,397 ​ $ 1,047 ​ $ 2,090 ​ $ 54,150 ​ $ 210,392 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonaccrual ​ $ — ​ $ — ​ $ 123 ​ $ — ​ $ — ​ $ — ​ $ 71 ​ $ — ​ $ — ​ $ 144 ​ $ 338 Troubled debt restructures ​ $ — ​ $ — ​ $ 36 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 36 Number of TDRs accounts ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 Non-performing TDRs ​ $ — ​ $ — ​ $ 36 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 36 Number of non-performing TDR accounts ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ 16,187 ​ $ — ​ $ 16,187 Agency mortgage-backed securities ​ — ​ 53,226 ​ — ​ 53,226 Municipal securities ​ — ​ 30,854 ​ — ​ 30,854 Corporate securities ​ ​ — ​ ​ 1,399 ​ ​ — ​ ​ 1,399 U.S. Government agency securities ​ ​ — ​ 36,535 ​ — ​ 36,535 U.S. Treasury securities ​ ​ — ​ ​ 6,779 ​ ​ — ​ ​ 6,779 Interest rate swap ​ ​ — ​ ​ 205 ​ ​ — ​ ​ 205 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maryland Financial Bank stock ​ — ​ — ​ — ​ — Impaired loans ​ — ​ — ​ 555 ​ 555 ​ ​ $ — ​ $ 145,185 ​ $ 555 ​ $ 145,740 December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ 21,688 ​ $ — ​ $ 21,688 Agency mortgage-backed securities ​ — ​ 56,189 ​ — ​ 56,189 Municipal securities ​ — ​ 45,225 ​ — ​ 45,225 Corporate securities ​ ​ — ​ ​ 1,474 ​ ​ — ​ ​ 1,474 U.S. Government agency securities ​ ​ — ​ ​ 31,351 ​ ​ — ​ ​ 31,351 U.S. Treasury securities ​ ​ — ​ ​ — ​ ​ — ​ ​ — Interest rate swap ​ ​ — ​ ​ (442) ​ ​ — ​ ​ (442) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maryland Financial Bank stock ​ — ​ — ​ 3 ​ 3 Impaired loans ​ — ​ — ​ 317 ​ 317 ​ ​ $ — ​ $ 155,485 ​ $ 320 ​ $ 155,805
Schedule of estimated fair values of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ (dollars in thousands) ​ Carrying ​ Fair ​ Carrying ​ Fair ​ ​ Amount Value Amount Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 2,572 ​ $ 2,572 ​ $ 2,111 ​ $ 2,111 ​ Interest-bearing deposits in other financial institutions ​ 50,245 ​ 50,245 ​ 56,434 ​ 56,434 ​ Federal funds sold ​ 1,352 ​ 1,352 ​ 3,636 ​ 3,636 ​ Investment securities available for sale ​ 144,980 ​ 144,980 ​ 155,927 ​ 155,927 ​ Investments in restricted stock ​ ​ 1,071 ​ ​ 1,071 ​ ​ 1,062 ​ ​ 1,062 ​ Ground rents ​ 131 ​ 131 ​ 131 ​ 131 ​ Loans, less allowance for credit losses ​ 191,805 ​ 187,248 ​ 207,922 ​ 211,541 ​ Accrued interest receivable ​ 1,253 ​ 1,253 ​ 1,085 ​ 1,085 ​ Cash value of life insurance ​ 8,454 ​ 8,454 ​ 8,338 ​ 8,338 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 378,886 ​ 316,406 ​ 383,247 ​ 383,910 ​ Long-term borrowings ​ — ​ — ​ 10,000 ​ 9,888 ​ Short-term borrowings ​ ​ 20,000 ​ ​ 19,896 ​ ​ 10,000 ​ ​ 10,000 ​ Accrued interest payable ​ 60 ​ 60 ​ 11 ​ 11 ​ Unrecognized financial instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to extend credit ​ 30,494 ​ 30,494 ​ 28,167 ​ 28,167 ​ Standby letters of credit ​ 45 ​ 45 ​ 55 ​ 55 ​
Schedule of fair value hierarchy of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 Amount Value Level 1 Level 2 Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 54,169 ​ $ 54,169 ​ $ 54,169 $ — ​ $ — Loans receivable, net ​ 191,805 ​ 187,248 ​ — — ​ 187,248 Cash value of life insurance ​ 8,454 ​ 8,454 ​ — 8,454 ​ — Financial instruments - Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 378,886 ​ 316,406 ​ — 316,406 ​ — Long-term debt ​ — ​ — ​ — — ​ — Short-term debt ​ 20,000 ​ 19,896 ​ — 19,896 ​ —

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Tables)	9 Months Ended
	Sep. 30, 2022
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 ​ $ 9 ​ $ 17 ​ $ 26 Farmland ​ ​ 2 ​ ​ 9 ​ ​ 11 Single-family residential ​ ​ 513 ​ ​ 853 ​ ​ 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 credit 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, 2022 USD ($)
BASIS OF PRESENTATION
Off-balance-sheet credit exposures	$ 30.5

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Basic and diluted earnings per share:
Net income	$ 375,009	$ 888,440	$ 915,274	$ 1,962,090
Weighted average common shares outstanding, basic	2,860,352	2,850,124	2,857,759	2,847,042
Weighted average common shares outstanding, diluted	2,860,352	2,850,124	2,857,759	2,847,042
Net income per share (basic)	$ 0.13	$ 0.31	$ 0.32	$ 0.69
Net income per share (diluted)	$ 0.13	$ 0.31	$ 0.32	$ 0.69
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, 2022	Dec. 31, 2021
Investment Securities
Amortized Cost	$ 176,080,000	$ 156,692,000
Gross Unrealized Gains	22,000	1,340,000
Gross Unrealized Losses	(31,122,000)	(2,105,000)
Fair Value	144,980,000	155,927,000
Trading securities	0	0
Held to maturity	0	0
Collateralized mortgage obligations
Investment Securities
Amortized Cost	18,295,000	21,730,000
Gross Unrealized Gains	16,000	169,000
Gross Unrealized Losses	(2,124,000)	(211,000)
Fair Value	16,187,000	21,688,000
Agency mortgage-backed securities
Investment Securities
Amortized Cost	60,630,000	56,252,000
Gross Unrealized Gains		356,000
Gross Unrealized Losses	(7,404,000)	(419,000)
Fair Value	53,226,000	56,189,000
Municipal securities
Investment Securities
Amortized Cost	43,121,000	44,594,000
Gross Unrealized Gains	5,000	811,000
Gross Unrealized Losses	(12,272,000)	(180,000)
Fair Value	30,854,000	45,225,000
Corporate securities
Investment Securities
Amortized Cost	1,559,000	1,500,000
Gross Unrealized Losses	(160,000)	(26,000)
Fair Value	1,399,000	1,474,000
U.S. Government agency securities
Investment Securities
Amortized Cost	45,483,000	32,616,000
Gross Unrealized Gains	1,000	4,000
Gross Unrealized Losses	(8,949,000)	(1,269,000)
Fair Value	36,535,000	$ 31,351,000
U.S. Treasury securities
Investment Securities
Amortized Cost	6,992,000
Gross Unrealized Losses	(213,000)
Fair Value	$ 6,779,000

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)	Sep. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Investment Securities
Less than 12 months Fair Value	$ 97,237,000	$ 84,079,000
Less than 12 months Unrealized Loss	(13,821,000)	(1,234,000)
12 months or more Fair Value	44,466,000	17,015,000
12 months or more Unrealized Loss	(17,301,000)	(871,000)
Total Fair Value	141,703,000	101,094,000
Total Unrealized Loss	$ (31,122,000)	$ (2,105,000)
Number of securities continuous unrealized loss position more than twelve months | security	246	116
Collateralized mortgage obligations
Investment Securities
Less than 12 months Fair Value	$ 9,719,000	$ 7,917,000
Less than 12 months Unrealized Loss	(658,000)	(194,000)
12 months or more Fair Value	4,375,000	876,000
12 months or more Unrealized Loss	(1,466,000)	(17,000)
Total Fair Value	14,094,000	8,793,000
Total Unrealized Loss	(2,124,000)	(211,000)
Agency mortgage-backed securities
Investment Securities
Less than 12 months Fair Value	46,341,000	42,109,000
Less than 12 months Unrealized Loss	(5,622,000)	(414,000)
12 months or more Fair Value	6,761,000	197,000
12 months or more Unrealized Loss	(1,782,000)	(5,000)
Total Fair Value	53,102,000	42,306,000
Total Unrealized Loss	(7,404,000)	(419,000)
Municipal securities
Investment Securities
Less than 12 months Fair Value	17,838,000	18,603,000
Less than 12 months Unrealized Loss	(6,226,000)	(180,000)
12 months or more Fair Value	12,256,000
12 months or more Unrealized Loss	(6,046,000)
Total Fair Value	30,094,000	18,603,000
Total Unrealized Loss	(12,272,000)	(180,000)
Corporate securities
Investment Securities
Less than 12 months Fair Value	58,000	1,474,000
Less than 12 months Unrealized Loss	(1,000)	(26,000)
12 months or more Fair Value	1,340,000
12 months or more Unrealized Loss	(159,000)
Total Fair Value	1,398,000	1,474,000
Total Unrealized Loss	(160,000)	(26,000)
U.S. Government agency securities
Investment Securities
Less than 12 months Fair Value	16,502,000	13,976,000
Less than 12 months Unrealized Loss	(1,101,000)	(420,000)
12 months or more Fair Value	19,734,000	15,942,000
12 months or more Unrealized Loss	(7,848,000)	(849,000)
Total Fair Value	36,236,000	29,918,000
Total Unrealized Loss	(8,949,000)	$ (1,269,000)
U.S. Treasury securities
Investment Securities
Less than 12 months Fair Value	6,779,000
Less than 12 months Unrealized Loss	(213,000)
Total Fair Value	6,779,000
Total Unrealized Loss	$ (213,000)

INVESTMENT SECURITIES - Contrac

INVESTMENT SECURITIES - Contractual Maturities of Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Available for Sale Amortized Cost
Due over one to five years	$ 24,517
Due over five to ten years	39,149
Due over ten years	112,414
Amortized Cost	176,080	$ 156,692
Available for Sale Fair Value
Due over one to five years	23,656
Due over five to ten years	34,674
Due over ten years	86,650
Fair Value	$ 144,980	$ 155,927
Available for Sale, Yield
Over one to five years	2.37%
Over five to ten years	1.90%
Over ten years	2.23%

LOANS RECEIVABLE AND ALLOWANC_3

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - Major Categories of Loans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 194,080	$ 210,392
Less: Allowance for credit losses	(2,275)	(2,470)	$ (1,476)
Loans, net	$ 191,805	$ 207,922
Loans and lease receivable allowances, percentage	100%	100%
Increase (decrease) in loans and leases receivable	$ (16,100)
Percentage of increase (decrease) in loans and leases receivable	(7.75%)
Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 135,600	$ 136,705
Less: Allowance for credit losses			(781)
Commercial and Industrial
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	15,062	17,447
Less: Allowance for credit losses			(115)
Consumer Loans
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	43,418	56,240
Less: Allowance for credit losses			(580)
Construction and Land | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	5,362	4,087
Less: Allowance for credit losses	$ (50)	$ (5)	(9)
Loans and lease receivable allowances, percentage	3%	2%
Increase (decrease) in loans and leases receivable	$ 1,300
Percentage of increase (decrease) in loans and leases receivable	31.19%
Farmland | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 336	$ 342
Less: Allowance for credit losses	(20)	(11)	(2)
Single-family Residential | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	80,134	78,119
Less: Allowance for credit losses	$ (1,238)	$ (1,357)	(513)
Loans and lease receivable allowances, percentage	40%	37%
Increase (decrease) in loans and leases receivable	$ 2,000
Percentage of increase (decrease) in loans and leases receivable	2.58%
Multi-family | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 5,337	$ 5,428
Less: Allowance for credit losses	$ (101)	$ (105)	(39)
Loans and lease receivable allowances, percentage	3%	3%
Increase (decrease) in loans and leases receivable	$ (100)
Percentage of increase (decrease) in loans and leases receivable	(1.67%)
Commercial | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 44,431	$ 48,729
Less: Allowance for credit losses	$ (221)	$ (278)	(218)
Loans and lease receivable allowances, percentage	23%	23%
Increase (decrease) in loans and leases receivable	$ (4,300)
Percentage of increase (decrease) in loans and leases receivable	(8.82%)
Commercial and industrial | Commercial and Industrial
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 8,859	$ 10,003
Less: Allowance for credit losses	$ (220)	$ (115)	(67)
Loans and lease receivable allowances, percentage	5%	5%
Increase (decrease) in loans and leases receivable	$ (1,100)
Percentage of increase (decrease) in loans and leases receivable	(11.44%)
SBA Guaranty | Commercial and Industrial
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 6,203	$ 6,397
Less: Allowance for credit losses	$ (21)	$ (30)	(48)
Loans and lease receivable allowances, percentage	3%	3%
Increase (decrease) in loans and leases receivable	$ (200)
Percentage of increase (decrease) in loans and leases receivable	(3.04%)
Comm SBA PPP | Commercial and Industrial
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 0	$ 1,047
Increase (decrease) in loans and leases receivable	$ (1,000)
Percentage of increase (decrease) in loans and leases receivable	(100.00%)
Consumer | Consumer Loans
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 1,523	2,090
Less: Allowance for credit losses	$ (24)	$ (36)	(11)
Loans and lease receivable allowances, percentage	1%	1%
Increase (decrease) in loans and leases receivable	$ (600)
Percentage of increase (decrease) in loans and leases receivable	(27.13%)
Automobile | Consumer Loans
Schedule of Available-for-sale Securities [Line Items]
Loans, net of deferred fees and costs	$ 41,895	$ 54,150
Less: Allowance for credit losses	$ (380)	$ (533)	$ (569)
Loans and lease receivable allowances, percentage	22%	26%
Increase (decrease) in loans and leases receivable	$ (12,300)
Percentage of increase (decrease) in loans and leases receivable	(22.63%)

LOANS RECEIVABLE AND ALLOWANC_4

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - Allowance by Loan Segment (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	$ 2,470	$ 1,476
Impact of ASC 326 adoption		1,574
Charge-offs	(151)	(253)
Recoveries	134	648
Release (provision) for credit losses	(178)	(975)
Balance, end of quarter	2,275	2,470
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	127	10
Individually evaluated for impairment, Related loan balance	534	36
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	2,148	2,460
Collectively evaluated for impairment, Related loan balance	193,546	210,356
Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year		781
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	18	10
Commercial and Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year		115
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	109
Consumer Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year		580
Construction and Land | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	5	9
Impact of ASC 326 adoption		16
Release (provision) for credit losses	45	(20)
Balance, end of quarter	50	5
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	50	5
Collectively evaluated for impairment, Related loan balance	5,362	4,087
Farmland | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	11	2
Impact of ASC 326 adoption		9
Release (provision) for credit losses	9
Balance, end of quarter	20	11
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	20	11
Collectively evaluated for impairment, Related loan balance	336	342
Single-family Residential | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	1,357	513
Impact of ASC 326 adoption		854
Recoveries		408
Release (provision) for credit losses	(119)	(418)
Balance, end of quarter	1,238	1,357
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	18	10
Individually evaluated for impairment, Related loan balance	35	36
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	1,220	1,347
Collectively evaluated for impairment, Related loan balance	80,099	78,083
Multi-family | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	105	39
Impact of ASC 326 adoption		63
Release (provision) for credit losses	(4)	3
Balance, end of quarter	101	105
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	101	105
Collectively evaluated for impairment, Related loan balance	5,337	5,428
Commercial and Industrial | Commercial and Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	115	67
Impact of ASC 326 adoption		120
Release (provision) for credit losses	105	(72)
Balance, end of quarter	220	115
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	109
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	220	115
Collectively evaluated for impairment, Related loan balance	8,859	10,003
Commercial | Real Estate Loan
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	278	218
Impact of ASC 326 adoption		199
Release (provision) for credit losses	(57)	(139)
Balance, end of quarter	221	278
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	109
Individually evaluated for impairment, Related loan balance	499
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	112	278
Collectively evaluated for impairment, Related loan balance	43,932	48,729
SBA Guaranty | Commercial and Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	30	48
Impact of ASC 326 adoption		(6)
Charge-offs	(9)
Release (provision) for credit losses		(12)
Balance, end of quarter	21	30
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	21	30
Collectively evaluated for impairment, Related loan balance	6,203	6,397
Commercial SBA PPP | Commercial and Industrial
Collectively evaluated for impairment:
Collectively evaluated for impairment, Related loan balance		1,047
Consumer | Consumer Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	36	11
Impact of ASC 326 adoption		46
Charge-offs	(10)	(2)
Recoveries	7
Release (provision) for credit losses	(9)	(19)
Balance, end of quarter	24	36
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	24	36
Collectively evaluated for impairment, Related loan balance	1,523	2,090
Automobile | Consumer Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	533	569
Impact of ASC 326 adoption		273
Charge-offs	(132)	(251)
Recoveries	127	240
Release (provision) for credit losses	(148)	(298)
Balance, end of quarter	380	533
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	380	533
Collectively evaluated for impairment, Related loan balance	$ 41,895	$ 54,150

LOANS RECEIVABLE AND ALLOWANC_5

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - Allowance for Credit Losses (Details)	9 Months Ended
	Sep. 30, 2022 USD ($) borrower	Sep. 30, 2021 USD ($) borrower
Financing Receivable, Allowance For Credit Losses [Line Items]
Average loans	$ 197,199,000	$ 239,492,000
Net charge-offs to average loans (annualized)	0%	(0.19%)
Number of borrowers | borrower	14	20
Loans charged off	$ 151,000	$ 193,000
Outstanding commitments	30,500,000	30,600,000
Unfunded commitments
Beginning balance	371,000	33,000
Reduction of unfunded reserve	(76,000)	(34,000)
Provisions charged to operations	174,000
Ending balance	$ 469,000	456,000
ASU 2016-13
Unfunded commitments
Impact of ASC 326 adoption		$ 457,000

LOANS RECEIVABLE AND ALLOWANC_6

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - Current, Past Due, and Non-Accrual Loans by Categories of loans and Restructured Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual	$ 183	$ 338	$ 2,781	$ 4,512
Allowance for loan loss	2,300	2,500
Total	194,080	210,392
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	192,915	209,684
30 To 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	971	355
90 Days or More and Still Accuring
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	11	15
Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual	108	123
Total	135,600	136,705
Real Estate Loan | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	135,277	136,567
Real Estate Loan | 30 To 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	204
Real Estate Loan | 90 Days or More and Still Accuring
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	11	15
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual		71
Total	15,062	17,447
Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	14,563	17,376
Commercial and Industrial | 30 To 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	499
Consumer Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual	75	144
Total	43,418	56,240
Consumer Loans | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	43,075	55,741
Consumer Loans | 30 To 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	268	355
Construction and Land | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	5,362	4,087
Construction and Land | Real Estate Loan | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	5,362	4,087
Farmland | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	336	342
Farmland | Real Estate Loan | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	336	342
Single-family Residential | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual	108	123	132	270
Total	80,134	78,119
Single-family Residential | Real Estate Loan | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	79,811	77,981
Single-family Residential | Real Estate Loan | 30 To 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	204
Single-family Residential | Real Estate Loan | 90 Days or More and Still Accuring
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	11	15
Multi-family | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	5,337	5,428
Multi-family | Real Estate Loan | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	5,337	5,428
Commercial | Real Estate Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual			2,452	4,029
Total	44,431	48,729
Commercial | Real Estate Loan | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	44,431	48,729
Commercial and Industrial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	8,859	10,003
Commercial and Industrial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	8,360	10,003
Commercial and Industrial | Commercial and Industrial | 30 To 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	499
SBA Guaranty | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual		71	71
Total	6,203	6,397
SBA Guaranty | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	6,203	6,326
Comm SBA PPP | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	1,047
Comm SBA PPP | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total		1,047
Consumer | Consumer Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual				34
Total	1,523	2,090
Consumer | Consumer Loans | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	1,439	2,086
Consumer | Consumer Loans | 30 To 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	84	4
Automobile | Consumer Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual	75	144	$ 126	$ 179
Total	41,895	54,150
Automobile | Consumer Loans | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	41,636	53,655
Automobile | Consumer Loans | 30 To 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 184	$ 351

LOANS RECEIVABLE AND ALLOWANC_7

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - Impaired Financing Receivables (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	$ 407,000	$ 26,000
Unpaid Principal Balance with specific reserves	534,000	36,000
Interest Income Recognized with specific reserves	20,000	2,000
Specific Reserve with specific reserves	127,000	10,000
Average Recorded Investment	547,000	49,000
Recorded Investment with no specific reserve	148,000	301,000
Unpaid Principal Balance with no specific reserve	148,000	301,000
Interest Income Recognized with no specific reserve	5,000	12,000
Average Recorded Investment with no specific reserve	175,000	350,000
Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	17,000	26,000
Unpaid Principal Balance with specific reserves	35,000	36,000
Interest Income Recognized with specific reserves	1,000	2,000
Specific Reserve with specific reserves	18,000	10,000
Average Recorded Investment	48,000	49,000
Recorded Investment with no specific reserve	73,000	87,000
Unpaid Principal Balance with no specific reserve	73,000	87,000
Interest Income Recognized with no specific reserve	1,000	3,000
Average Recorded Investment with no specific reserve	80,000	98,000
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	390,000
Unpaid Principal Balance with specific reserves	499,000
Interest Income Recognized with specific reserves	19,000
Specific Reserve with specific reserves	109,000
Average Recorded Investment	499,000
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	75,000	143,000
Unpaid Principal Balance with no specific reserve	75,000	143,000
Interest Income Recognized with no specific reserve	4,000	8,000
Average Recorded Investment with no specific reserve	95,000	181,000
Single-family Residential | Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	17,000	26,000
Unpaid Principal Balance with specific reserves	35,000	36,000
Interest Income Recognized with specific reserves	1,000	2,000
Specific Reserve with specific reserves	18,000	10,000
Average Recorded Investment	48,000	49,000
Recorded Investment with no specific reserve	73,000	87,000
Unpaid Principal Balance with no specific reserve	73,000	87,000
Interest Income Recognized with no specific reserve	1,000	3,000
Specific Reserve	17,655
Average Recorded Investment with no specific reserve	80,000	98,000
Commercial | Real Estate Loan
Financing Receivable, Impaired [Line Items]
Specific Reserve with specific reserves	109,000
Commercial and Industrial | Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	390,000
Unpaid Principal Balance with specific reserves	499,000
Interest Income Recognized with specific reserves	19,000
Specific Reserve with specific reserves	109,000
Average Recorded Investment	499,000
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
Automobile | Consumer Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	75,000	143,000
Unpaid Principal Balance with no specific reserve	75,000	143,000
Interest Income Recognized with no specific reserve	4,000	8,000
Average Recorded Investment with no specific reserve	$ 95,000	$ 181,000

LOANS RECEIVABLE AND ALLOWANC_8

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - Loans (Details)	9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($) loan borrower	Sep. 30, 2021 borrower	Dec. 31, 2021 USD ($) loan
Schedule of Available-for-sale Securities [Line Items]
Number of TDRs accounts	1		1
Amount of recorded investment in new troubled debt restructurings, totaled | $	$ 34,000		$ 36,000
Number of borrowers | borrower	14	20
Single-family Residential | Real Estate Loan
Schedule of Available-for-sale Securities [Line Items]
Number of TDRs accounts	1		1
Amount of recorded investment in new troubled debt restructurings, totaled | $	$ 34,476		$ 36,000
Number of loans	1
Number of borrowers | borrower	1

LOANS RECEIVABLE AND ALLOWANC_9

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - Troubled debt restructured loans (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Troubled debt restructured loans	$ 34,000	$ 36,000
Non-accrual and 90+ days past due and still accruing loans to average loans	0.10%	0.16%
Allowance for credit losses to non-accrual and 90 days or more and still accruing loans	1,171.40%	703.70%
Single-family Residential | Real Estate Loan
Financing Receivable, Impaired [Line Items]
Troubled debt restructured loans	$ 34,476	$ 36,000

LOANS RECEIVABLE AND ALLOWAN_10

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - Non-accrual loans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	$ 338	$ 4,512
Transfer into non-accrual	193	1,196
Loans paid down/payoffs	(191)	(2,088)
Loans returned to accrual status	(29)	(650)
Loans charged off	(128)	(189)
Balance	183	2,781
Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	123
Balance	108
Commercial and Industrial
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	71
Consumer Loans
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	144
Balance	75
Single-family Residential | Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	123	270
Transfer into non-accrual	31
Loans paid down/payoffs	(46)	(138)
Balance	108	132
Commercial | Real Estate Loan
Financing Receivable Nonaccrual Status [Roll Forward]
Balance		4,029
Transfer into non-accrual		920
Loans paid down/payoffs		(1,881)
Loans returned to accrual status		(616)
Balance		2,452
SBA Guaranty | Commercial and Industrial
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	71
Transfer into non-accrual		71
Loans paid down/payoffs	(61)
Loans charged off	(10)
Balance		71
Consumer | Consumer Loans
Financing Receivable Nonaccrual Status [Roll Forward]
Balance		34
Transfer into non-accrual	11	1
Loans paid down/payoffs	(11)	(1)
Loans returned to accrual status		(34)
Automobile | Consumer Loans
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	144	179
Transfer into non-accrual	151	204
Loans paid down/payoffs	(73)	(68)
Loans returned to accrual status	(29)
Loans charged off	(118)	(189)
Balance	$ 75	$ 126

LOANS RECEIVABLE AND ALLOWAN_11

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - Credit Quality Information (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan	Sep. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Financing Receivable, Recorded Investment [Line Items]
Non-accrual	$ 183,000	$ 338,000	$ 2,781,000	$ 4,512,000
Troubled debt restructured loans	$ 34,000	$ 36,000
Number of TDRs accounts | loan	1	1
Non-performing TDRs	34,000	36,000
Number of non-performing TDRs accounts | loan	1	1
Loans and Leases Receivable, Gross	$ 194,080,000	$ 210,392,000
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	193,398,000	206,611,000
Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	499,000	3,447,000
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	179,000	244,000
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,000	90,000
Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Non-accrual	108,000	123,000
Loans and Leases Receivable, Gross	135,600,000	136,705,000
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Non-accrual		71,000
Loans and Leases Receivable, Gross	15,062,000	17,447,000
Consumer Loans
Financing Receivable, Recorded Investment [Line Items]
Non-accrual	75,000	144,000
Loans and Leases Receivable, Gross	43,418,000	56,240,000
Construction and Land | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,362,000	4,087,000
Construction and Land | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,362,000	4,072,000
Construction and Land | Real Estate Loan | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		15,000
Farmland | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	336,000	342,000
Farmland | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	336,000	342,000
Single-family Residential | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Non-accrual	108,000	123,000	132,000	270,000
Troubled debt restructured loans	$ 34,476	$ 36,000
Number of TDRs accounts | loan	1	1
Non-performing TDRs	34,000	36,000
Number of non-performing TDRs accounts | loan	1	1
Loans and Leases Receivable, Gross	$ 80,134,000	$ 78,119,000
Single-family Residential | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	80,026,000	77,996,000
Single-family Residential | Real Estate Loan | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	108,000	123,000
Multi-family | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,337,000	5,428,000
Multi-family | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,337,000	5,428,000
Commercial | Real Estate Loan
Financing Receivable, Recorded Investment [Line Items]
Non-accrual			2,452,000	4,029,000
Loans and Leases Receivable, Gross	44,431,000	48,729,000
Commercial | Real Estate Loan | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	44,431,000	45,307,000
Commercial | Real Estate Loan | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		3,422,000
Commercial and Industrial | Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	8,859,000	10,003,000
Commercial and Industrial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	8,360,000	10,003,000
Commercial and Industrial | Commercial and Industrial | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	499,000
SBA Guaranty | Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Non-accrual		71,000	71,000
Loans and Leases Receivable, Gross	6,203,000	6,397,000
SBA Guaranty | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	6,203,000	6,326,000
SBA Guaranty | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		71,000
Comm SBA PPP | Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	1,047,000
Comm SBA PPP | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		1,047,000
Consumer | Consumer Loans
Financing Receivable, Recorded Investment [Line Items]
Non-accrual				34,000
Loans and Leases Receivable, Gross	1,523,000	2,090,000
Consumer | Consumer Loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,523,000	2,084,000
Consumer | Consumer Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		6,000
Automobile | Consumer Loans
Financing Receivable, Recorded Investment [Line Items]
Non-accrual	75,000	144,000	$ 126,000	$ 179,000
Loans and Leases Receivable, Gross	41,895,000	54,150,000
Automobile | Consumer Loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	41,820,000	54,006,000
Automobile | Consumer Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		4,000
Automobile | Consumer Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	71,000	50,000
Automobile | Consumer Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 4,000	$ 90,000

FAIR VALUE (Details)

FAIR VALUE (Details)	Sep. 30, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Specific reserve amount	$ 127,108
Impaired real estate loans	$ 682,614
Minimum | Discount Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of discount rate	0
Maximum | Discount Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of discount rate	0.16

FAIR VALUE - Changes in the ass

FAIR VALUE - Changes in the assets subject to fair value measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 144,980	$ 155,927
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	16,187	21,688
Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	53,226	56,189
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	30,854	45,225
Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,399	1,474
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	6,779
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	145,185	155,485
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	555	320
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	145,740	155,805
Recurring | Level 2 | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	16,187	21,688
Recurring | Level 2 | Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	53,226	56,189
Recurring | Level 2 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	30,854	45,225
Recurring | Level 2 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,399	1,474
Recurring | Level 2 | U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	36,535	31,351
Recurring | Level 2 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	6,779
Recurring | Level 2 | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	205	442
Recurring | Fair Value | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	16,187	21,688
Recurring | Fair Value | Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	53,226	56,189
Recurring | Fair Value | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	30,854	45,225
Recurring | Fair Value | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,399	1,474
Recurring | Fair Value | U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	36,535	31,351
Recurring | Fair Value | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	6,779
Recurring | Fair Value | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	205	442
Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maryland Financial Bank stock		3
Impaired loans	555	317
Nonrecurring | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maryland Financial Bank stock		3
Impaired loans	$ 555	$ 317

FAIR VALUE - Estimated fair val

FAIR VALUE - Estimated fair values of the Company's financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets - Carrying Amount
Cash and due from banks	$ 2,572	$ 2,111
Interest-bearing deposits in other financial institutions	50,245	56,434
Federal funds sold	1,352	3,636
Investment securities available for sale, at fair value	144,980	155,927
Investments in restricted stock	1,071	1,062
Ground rents	131	131
Loans, less allowance for credit losses	191,805	207,922
Accrued interest receivable	1,253	1,085
Cash value of life insurance	8,454	8,338
Financial liabilities - Carrying Amount
Deposits	378,886	383,247
Long-term borrowings		10,000
Short-term borrowings	20,000	10,000
Accrued interest payable	60	11
Unrecognized financial instruments:
Commitments to extend credit	30,494	28,167
Standby letters of credit	45	55
Financial assets - Fair Value
Cash and due from banks	2,572	2,111
Interest-bearing deposits in other financial institutions	50,245	56,434
Federal funds sold	1,352	3,636
Investment securities available for sale, at fair value	144,980	155,927
Investments in restricted stock	1,071	1,062
Ground rents	131	131
Loans, less allowance for credit losses	187,248	211,541
Accrued interest receivable	1,253	1,085
Cash value of life insurance	8,454	8,338
Financial liabilities - Fair Value
Deposits	316,406	383,910
Long-term borrowings		9,888
Short-term borrowings	19,896	10,000
Accrued interest payable	60	11
Unrecognized financial instruments:
Commitments to extend credit	30,494	28,167
Standby letters of credit	$ 45	$ 55

FAIR VALUE - Fair value hierarc

FAIR VALUE - Fair value hierarchy of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets - Carrying Amount
Cash and cash equivalents	$ 54,169
Loans receivable, net	191,805	$ 207,922
Cash value of life insurance	8,454
Financial liabilities - Carrying Amount
Deposits	378,886	383,247
Long-term debt		10,000
Short-term debt	20,000	10,000
Financial assets - Fair Value
Loans receivable, net	187,248	211,541
Financial liabilities - Fair Value
Deposits	316,406	383,910
Long-term debt		9,888
Short-term debt	19,896	$ 10,000
Fair Value
Financial assets - Fair Value
Cash and cash equivalents	54,169
Loans receivable, net	187,248
Cash value of life insurance	8,454
Financial liabilities - Fair Value
Deposits	316,406
Short-term debt	19,896
Fair Value | Level 1
Financial assets - Fair Value
Cash and cash equivalents	54,169
Fair Value | Level 2
Financial assets - Fair Value
Cash value of life insurance	8,454
Financial liabilities - Fair Value
Deposits	316,406
Short-term debt	19,896
Fair Value | Level 3
Financial assets - Fair Value
Loans receivable, net	$ 187,248

RECENT ACCOUNTING PRONOUNCEME_3

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jan. 01, 2021
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	$ 1,476,000	$ 2,275,000	$ 2,470,000
Reserve for unfunded commitments	33,000	469,000	371,000	$ 456,000
Total allowance for credit losses	1,509,000
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
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	9,000	50,000	5,000
Real Estate Loan | Construction and Land | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	17,000
Real Estate Loan | Construction and Land | 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	20,000	11,000
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 Residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	513,000	1,238,000	1,357,000
Real Estate Loan | Single-family Residential | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	853,000
Real Estate Loan | Single-family Residential | 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	101,000	105,000
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	221,000	278,000
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	220,000	115,000
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	21,000	30,000
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	24,000	36,000
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	$ 380,000	$ 533,000
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 | 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				$ 1,472,000