Glen Burnie Bancorp (GLBZ) 10-K 29 Mar 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 15, 2023	Jun. 30, 2022
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
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 Well-Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 25,715,879
Entity Common Stock Shares Outstanding		2,868,504
Auditor Name	UHY LLP
Auditor Firm ID	1195
Auditor Location	Salisbury, Maryland
Entity Central Index Key	0000890066
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock
Document and Entity Information
Title of 12(g) Security	Common Stock, $1.00 par value
Common Stock Purchase Rights
Document and Entity Information
Title of 12(g) Security	Common Stock Purchase Rights

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks		$ 2,035	$ 2,111
Interest-bearing deposits in other financial institutions		28,057	60,070
Cash and Cash Equivalents		30,092	62,181
Investment securities available for sale, at fair value		144,133	155,927
Restricted equity securities, at cost		221	1,062
Loans, net of deferred fees and costs		186,440	210,392
Less: Allowance for credit losses	[1]	(2,162)	(2,470)
Loans, net		184,278	207,922
Premises and equipment, net		3,277	3,564
Bank owned life insurance		8,493	8,338
Deferred tax assets, net		8,902	956
Accrued interest receivable		1,159	1,085
Accrued taxes receivable			301
Prepaid expenses		493	347
Other assets		388	383
Total Assets		381,436	442,066
LIABILITIES
Noninterest-bearing deposits		143,262	155,624
Interest-bearing deposits		219,685	227,623
Total Deposits		362,947	383,247
Short-term borrowings			10,000
Long-term borrowings			10,000
Defined pension liability		317	304
Accrued taxes payable		151
Accrued expenses and other liabilities		1,967	2,799
Total Liabilities		365,382	406,350
STOCKHOLDERS' EQUITY
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,865,046 and 2,853,880 shares as of December 31, 2022 and December 31, 2021, respectively.		2,865	2,854
Additional paid-in capital		10,862	10,759
Retained earnings		23,579	22,977
Accumulated other comprehensive (loss) gain		(21,252)	(874)
Total Stockholders' Equity		16,054	35,716
Total Liabilities and Stockholders' Equity		$ 381,436	$ 442,066
[1] Effective January 1, 2021, the Company applied ASU 2016-13, Financial Instruments – Credit Losses (“ASC 326”) , such that the allowance calculation is based on current expected credit loss methodology (“CECL”). Prior to January 1, 2021, the calculation was based on incurred loss methodology. See Note 4 “Loans and Allowance for Losses on Loans” for details.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 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	2,865,046	2,853,880
Common stock, shares outstanding	2,865,046	2,853,880

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
INTEREST INCOME
Interest and fees on loans	$ 8,437,000	$ 10,738,000
Interest and dividends on securities	3,403,000	2,657,000
Interest on deposits with banks and federal funds sold	872,000	122,000
Total Interest Income	12,712,000	13,517,000
INTEREST EXPENSE
Interest on deposits	471,000	609,000
Interest on short-term borrowings	348,000	465,000
Interest on long-term borrowings	34,000
Total Interest Expense	853,000	1,074,000
Net Interest Income	11,859,000	12,443,000
Release of credit loss provision	(112,000)	(975,000)
Net interest income after provision for credit losses	11,971,000	13,418,000
NONINTEREST INCOME
Service charges on deposit accounts	159,000	160,000
Other fees and commissions	831,000	884,000
Gain (loss) on securities called or sold	2,000	(588,000)
Income on life insurance	156,000	157,000
Gain on swap contract termination	206,000
Gain on sale of OREO		14,000
Total Noninterest Income	1,354,000	627,000
NONINTEREST EXPENSE
Salary and employee benefits	6,406,000	6,504,000
Occupancy and equipment expenses	1,272,000	1,227,000
Legal, accounting and other professional fees	1,044,000	701,000
Data processing and item processing services	997,000	933,000
FDIC insurance costs	112,000	169,000
Advertising and marketing related expenses	86,000	88,000
Loan collection costs	(39,000)	12,000
Telephone costs	159,000	209,000
Other expenses	1,303,000	1,109,000
Total Noninterest Expenses	11,340,000	10,952,000
Income before income taxes	1,985,000	3,093,000
Income tax expense	240,000	577,000
NET INCOME	$ 1,745,182	$ 2,516,387
Basic net income per share of common stock (in dollars per share)	$ 0.61	$ 0.88
Diluted net income per share of common stock (in dollars per share)	$ 0.61	$ 0.88

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 1,745,182	$ 2,516,387
Net unrealized loss on securities available for sale:
Net unrealized loss on securities during the period	(28,555,000)	(3,048,000)
Income tax benefit relating to item above	7,858,000	840,000
Reclassification adjustment for (gain) loss on sales of securities included in net income	(1,000)	426,000
Net effect on other comprehensive loss	(20,698,000)	(1,782,000)
Net unrealized gain on interest rate swap:
Net unrealized gain on interest rate swap during the period	441,000	508,000
Income tax expense relating to item above	(121,000)	(140,000)
Net effect on other comprehensive loss	320,000	368,000
Other comprehensive loss	(20,378,000)	(1,414,000)
Comprehensive (loss) income	$ (18,633,000)	$ 1,102,000

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings Adjustment	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	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
Net income				2,516,000			2,516,387
Cash dividends, $0.40 per share				(1,138,000)			(1,138,000)
Dividends reinvested under dividend reinvestment plan	12,000	119,000					131,000
Other comprehensive income					(1,414,000)		(1,414,000)
Balances at Dec. 31, 2021	2,854,000	10,759,000	$ (1,472,000)	22,977,000	(874,000)	$ (1,472,000)	35,716,000
Increase (Decrease) in Stockholders' Equity
Net income				1,745,000			1,745,182
Cash dividends, $0.40 per share				(1,143,000)			(1,143,000)
Dividends reinvested under dividend reinvestment plan	11,000	103,000					114,000
Other comprehensive income					(20,378,000)		(20,378,000)
Balances at Dec. 31, 2022	$ 2,865,000	$ 10,862,000		$ 23,579,000	$ (21,252,000)		$ 16,054,000

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Cash dividends, per share	$ 0.40	$ 0.40

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 1,745	$ 2,516
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion of premises and equipment	994	995
Release of credit losses provision	(112)	(975)
Deferred income taxes, net	(210)	282
Gain on disposals of assets, net		(14)
Gain on termination of swap contracts	206
Increase in cash surrender value of bank owned life insurance	(156)	(157)
Loss on sale of available-for-sale investments		(588)
Loss on write-down of Maryland Financial Bank stock	3
Decrease in ground rents		10
(Increase) decrease in accrued interest receivable	(73)	217
Net decrease (increase) in other assets	215	(244)
Net (increase) decrease in accrued expenses and other liabilities	(387)	438
Net cash provided by operating activities	2,225	3,656
Cash flows from investing activities:
Redemptions, sales and maturities of investment securities available for sale	14,214	57,380
Purchases of investment securities available for sale	(31,540)	(102,870)
Net redemption of Federal Home Loan Bank stock	839	137
Net decrease in loans	23,757	43,776
Proceeds from sale of real estate acquired through foreclosure		589
Purchases of premises and equipment	(256)	(287)
Net cash provided (used) in investing activities	7,014	(1,275)
Cash flows from financing activities:
Net (decrease) increase in deposits	(20,299)	33,627
Decrease in short term borrowings	(10,000)	(19,913)
(Decrease) increase in long term borrowings		(10,000)
Cash dividends paid	(1,143)	(1,138)
Common stock dividends reinvested	114	131
Net cash (used in) provided by financing activities	(41,328)	22,707
Decrease in long term borrowings	(10,000)
Net (decrease) increase in cash and cash equivalents	(32,089)	25,088
Cash and cash equivalents at beginning of year	62,181	37,093
Cash and cash equivalents at end of year	30,092	62,181
Supplemental Disclosures of Cash Flow Information:
Interest paid on deposits and borrowings	856	1,078
Income taxes paid		(480)
Net decrease in unrealized depreciation on available for sale securities	28,556	3,048
Decrease in unrealized depreciation on Swaps	$ 441	$ 508

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies 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 outstanding shares of capital stock of The Bank of Glen Burnie (the “Bank”), a commercial bank organized in 1949 under the laws of the State of Maryland (the “State”). The Bank provides financial services to individuals and corporate customers located in Anne Arundel County and surrounding areas of Central Maryland, and is subject to competition from other financial institutions. The Bank is also subject to the regulations of certain Federal and State agencies and undergoes periodic examinations by those regulatory authorities. The accounting and financial reporting policies of the Bank conform, in all material respects, to accounting principles generally accepted in the United States (“U.S. GAAP”) and to general practices within the banking industry. Basis of Presentation The consolidated financial statements include the accounts of Glen Burnie Bancorp, The Bank of Glen Burnie and GBB Properties, Inc., a company engaged in the acquisition and disposition of other real estate. All significant intercompany transactions are eliminated in consolidation and certain reclassifications are made when necessary in order to conform the previous year’s financial statements to the current year’s presentation. In preparing the consolidated financial statements, the Company is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and revenues and expenses during the reporting periods and related disclosures. These estimates that require application of management's subjective or complex judgments often result in the need to make estimates about the effect of matters that are inherently uncertain and may change in future periods. Management has made significant estimates in several areas, including the Loans and Allowance for Credit Losses Loans and Allowance for Credit Losses Investment Securities Fair Value of Financial Instruments Pension and Profit Sharing Plans Income Taxes ). Certain amounts in the financial statements from prior periods have been reclassified to conform to the current financial statement presentation. The Parent Only financial statements (see Note 18, Parent Company Financial Information Investment Securities We classify investment securities as trading, held to maturity ("HTM"), or available for sale ("AFS") at the date of acquisition. Purchases and sales of securities are generally recorded on a trade-date basis. Investment securities that we might not hold until maturity are classified as AFS and are reported at fair value in the statement of financial condition. Fair value measurement is based upon quoted market prices in active markets, if available. If quoted prices in active markets are not available, fair value is measured using pricing models or other model-based valuation techniques such as the present value of future cash flows, which consider prepayment assumptions and other factors such as credit losses and market liquidity. Unrealized gains and losses are excluded from earnings and reported, net of tax, in other comprehensive income (“OCI”). Purchase premiums and discounts are recognized in interest income using the effective interest method over the life of the securities. Purchase premiums or discounts related to mortgage-backed securities are amortized or accreted using projected prepayment speeds. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Debt securities are classified as HTM if the Company has both the intent and ability to hold those securities to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions. These securities are carried at cost adjusted for amortization of purchase premiums and accretion of purchase discounts. Transfers of securities from available for sale to held to maturity are accounted for at fair value as of the date of the transfer. The difference between the fair value and the par value at the date of transfer is considered a premium or discount and is accounted for accordingly. Any unrealized gain or loss at the date of the transfer is reported in OCI, and is amortized over the remaining life of the security as an adjustment of yield in a manner consistent with the amortization of any premium or discount, and will offset or mitigate the effect on interest income of the amortization of the premium or discount for that held to maturity security. Impairment may result from credit deterioration of the issuer or collateral underlying the security. In performing an assessment of recoverability, all relevant information is considered, including the length of time and extent to which fair value has been less than the amortized cost basis, the cause of the price decline, credit performance of the issuer and underlying collateral, and recoveries or further declines in fair value subsequent to the balance sheet date. 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 for (or release of) 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, 2022 and 2021, the Company determined that the unrealized loss positions in AFS securities were not the result of credit losses, and therefore, an allowance for credit losses was not recorded. Federal Home Loan Bank Stock As a borrower from the Federal Home Loan Bank of Atlanta ("FHLB"), the Bank is required to purchase an amount of FHLB stock based on our outstanding borrowings with the FHLB. This stock is used as collateral to secure the borrowings from the FHLB and is accounted for as a cost-method investment. FHLB stock is an equity interest that does not necessarily have a readily determinable fair value for purposes of the ASC Topic 320, Accounting for Certain Investments in Debt and Equity Securities , because its ownership is restricted and lacks a market. FHLB stock can be sold back only at its par value of Other Securities Maryland Financial Bank Dissolution Trust ("the Trust"), is a "liquidating trust" for U.S. federal income tax purposes. The sole purpose of the Trust is to liquidate the remaining assets, resolve the remaining liabilities, and to distribute the net proceeds to the Trust's beneficiaries. This is an equity interest that does not necessarily have a readily determinable fair value for purposes of the ASC Topic 320, Accounting for Certain Investments in Debt and Equity Securities , because its ownership is restricted and lacks a market. This stock was accounted for as a cost-method investment. The remaining asset was liquidated in 2022. Loans Held for Investment Loans held for investment are reported at the principal amount outstanding, net of cumulative charge-offs, interest applied to principal (for loans accounted for using the cost recovery method), unamortized net deferred loan origination fees and costs and unamortized premiums or discounts on purchased loans. Interest on loans is accrued and recognized as interest income at the contractual rate of interest. When a loan is designated as held for investment, the intent is to hold these loans for the foreseeable future or until maturity or pay off. From time to time, the Company will originate loans to facilitate the sale of other real estate owned (OREO). Such loans are accounted for using the installment method and any gain on sale is deferred. The Bank financed Loan Fees and Costs Loan origination fees, commitment fees, direct loan origination costs and purchase premiums and discounts on loans are deferred and recognized as an adjustment of yield, to be amortized to interest income over the contractual term of the loan. Nonaccrual Loans Loans are placed on nonaccrual status when the full and timely collection of principal and interest is doubtful, generally when the loan becomes 90 days or more past due for principal or interest payment or if part of the principal balance has been charged off. When a loan is placed on nonaccrual status all interest previously accrued but not collected is reversed against current period interest income. All payments received on nonaccrual loans are accounted for using the cost recovery method. Under the cost recovery method, all cash collected is applied to first reduce the principal balance. A loan may be returned to accrual status if all delinquent principal and interest payments are brought current and the collectability of the remaining principal and interest payments in accordance with the loan agreement is reasonably assured. Loans that are well-secured and in the process of collection are maintained on accrual status, even if they are 90 days or more past due. Impaired Loans A loan is considered impaired when it is probable that all contractual principal and interest payments due will not be collected in accordance with the terms of the loan agreement. Factors considered by management in determining whether a loan is impaired include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. The carrying value of impaired loans is based on the present value of the loan’s expected future cash flows or, alternatively, the observable market price of the loan or the fair value of the collateral. Troubled Debt Restructurings A loan is accounted for and reported as a troubled debt restructuring (“TDR”) when, for economic or legal reasons, we grant a concession to a borrower experiencing financial difficulty that we would not otherwise consider. Management strives to identify borrowers in financial difficulty early and works with them to modify to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. A restructuring that results in only an insignificant delay in payment is not considered a concession. A delay may be considered insignificant if the payments subject to the delay are insignificant relative to the unpaid principal or collateral value and the contractual amount due, or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the debt's original contractual maturity or original expected duration. TDRs are designated as impaired because interest and principal payments will not be received in accordance with the original contract terms. TDRs that are performing and on accrual status as of the date of the modification remain on accrual status. TDRs that are nonperforming as of the date of modification generally remain as nonaccrual until the prospect of future payments in accordance with the modified loan agreement is reasonably assured, generally demonstrated when the borrower maintains compliance with the restructured terms for a predetermined period, normally at least six months. TDRs with temporary below-market concessions remain designated as a TDR and impaired regardless of the accrual or performance status until the loan is paid off. However, if the TDR loan has been modified in a subsequent restructure with market terms and the borrower is not currently experiencing financial difficulty, then the loan may be de-designated as a TDR. 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 the CECL methodology. Prior to January 1, 2021, the calculation was based on incurred loss methodology. See Note 4, Loans 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 - loans and the reserve for unfunded commitments. The estimate of expected credit losses under the CECL methodology is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. We then consider whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not exist over the period that historical experience was based for each loan type. Finally, we consider forecasts about future economic conditions or changes in collateral values that are reasonable and supportable. Portfolio segment is defined as the level at which the Company develops and documents a systematic methodology to determine its ACL. The Company has designated three loan portfolio segments: loans secured by real estate, commercial and industrial loans, and consumer loans. These loan portfolio segments are further disaggregated into classes, which represent loans of similar type, risk characteristics, and methods for monitoring and assessing credit risk. The loans secured by real estate portfolio segment is disaggregated into five classes: construction and land, farmland, 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”). Impaired Loans The specific credit allocations are based on regular analysis of all loans over a fixed-dollar amount where the internal credit rating is at or below a predetermined classification. When a loan is identified as impaired, impairment is measured based on net realizable value, and the recorded investment balance of the loan. For impaired loans, we recognize impairment if we determine that the net realizable value of the impaired loan is less than the recorded investment of the loan (net of previous charge-offs and deferred loan fees and costs), except when the sole remaining source of collection is the underlying collateral. In these cases, impairment is measured as the difference between the recorded investment balance of the loan and the fair value of the collateral. The fair value of the collateral is adjusted for the estimated cost to sell if repayment or satisfaction of a loan is dependent on the sale (rather than only on the operation) of the collateral. Once the impairment amount is determined, an asset-specific allowance is provided that is equal to the calculated impairment and included in the allowance for credit losses - loans. If the calculated impairment is determined to be permanent or not recoverable, the impairment will be charged off. Factors considered by management in determining if impairment is permanent or not recoverable include whether management judges the loan to be uncollectible, repayment is deemed to be protracted beyond reasonable time frames or the loss becomes evident owing to the borrower’s lack of assets. Estimate of Probable Credit Losses - Loans 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. ​ ​ ​ Reserve for Unfunded Commitments The Company maintains a separate allowance for losses on unfunded loan commitments, which is included in accrued expenses and other liabilities on the consolidated statements of financial condition. The reserve for unfunded commitments (off-balance sheet financial instruments) is established through a provision for credit losses -  unfunded commitments, the changes of which are recorded in noninterest expense. The reserve for unfunded commitments is an amount that management believes will be adequate to absorb probable losses inherent in existing commitments, including unused portions of revolving lines of credit and other loans, standby letters of credit, and unused deposit account overdraft privileges. The reserve for unfunded commitments is based on evaluations of the collectability, and prior loss experience of unfunded commitments. The evaluations take into consideration such factors as changes in the nature and size of the loan portfolio, overall loan portfolio quality, loan concentrations, specific problem loans and related unfunded commitments, and current economic conditions that may affect the borrower’s or depositor’s ability to pay. Other Real Estate Owned Other real estate owned ("OREO") represents real estate acquired in partial or total satisfaction of debts previously contracted with the Company, generally through the foreclosure of loans. These properties are initially recorded at the net realizable value (fair value of collateral less estimated costs to sell). Upon transfer of a loan to OREO, an appraisal is obtained and any excess of the loan balance over the net realizable value is charged against the allowance for credit losses - loans. Subsequent declines in net realizable value identified from the ongoing analysis of such properties as well as gains and losses realized from the sale of OREO are recognized in current period earnings within noninterest expense as foreclosed property expense. The net realizable value of these assets is reviewed and updated as circumstances warrant. Loans transferred to OREO through foreclosure proceedings totaled for the year ended December 31, 2021, and 2022. Premises and Equipment Bank premises and equipment are stated at cost less accumulated depreciation and depreciated over the estimated useful life of the related asset or the term of the lease using the straight-line method. Expenditures for improvements that extend the life of an asset are capitalized and depreciated over the asset’s remaining useful life. Gains or losses realized on the disposition of premises and equipment are reflected in the consolidated statements of income. Expenditures for repairs and maintenance are charged to occupancy and equipment expense as incurred. Computer software is recorded at cost and amortized over three . Management periodically evaluates the carrying value of long-lived assets and certain identifiable intangibles, including goodwill, furniture and equipment and leasehold improvements for impairment. Income Taxes Our income tax expense, and deferred tax assets and liabilities reflect management’s best assessment of estimated current and future taxes to be paid. Significant judgments and estimates are required in determining the consolidated income tax expense. Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, which will result in taxable or deductible amounts in the future. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes and are reflected as discrete tax items in the Company’s tax provision. The Company records net deferred tax assets to the extent it is believed that these assets will more likely than not be realized. In making this determination, the Company considers all available evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, and recent financial operations. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon settlement with a taxing authority. The Company files a consolidated federal income tax return and separate company state tax returns. For a more detailed description of income taxes see Note 8, Income Taxes Interest Rate Swap Agreements For asset/liability management purposes, the Company periodically uses interest rate swap agreements to hedge various exposures or to modify interest rate characteristics of various balance sheet accounts. All interest rate swap agreements are recorded at fair value. The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to its likelihood of effectiveness as a hedge. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. We recognized a $0.2 million gain on cancellation of interest rate swap contracts for the year ended December 31, 2022. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. Fair Value Measurement The term "fair value" is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The Company’s approach is to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. The degree of management judgment involved in estimating the fair value of a financial instrument or other asset is dependent upon the availability of quoted market prices or observable market value inputs for internal valuation models used for estimating fair value. For financial instruments that are actively traded in the marketplace or whose values are based on readily available market data, little judgment is necessary when estimating the instrument’s fair value. When observable market prices and data are not readily available, significant management judgment often is necessary to estimate fair value. In those cases, different assumptions could result in significant changes in valuation. See Note 16, Fair Value Measurement. Cash and Cash Equivalents The Bank has included cash and due from banks, interest-bearing deposits in other financial institutions, and federal funds sold as cash and cash equivalents for the purpose of reporting cash flows. The carrying value of cash and cash equivalents approximates its fair value due to its short-term nature. Earnings Per Share Basic earnings per common share (“EPS”) is computed by div

Restrictions on Cash and Amount

Restrictions on Cash and Amounts Due from Banks	12 Months Ended
	Dec. 31, 2022
Restrictions on Cash and Amounts Due from Banks
Restrictions on Cash and Amounts Due from Banks	Note 2. Restrictions on Cash and Amounts Due from Banks On March 26, 2020 the Board of Governors of the Federal Reserve System set the reserve requirement ratios to zero percent and reserve requirements were no longer administered. On December 22, 2020 the zero percent reserve requirement ratio was extended for three years. At December 31, 2022 and 2021, the average reserve balances were $0.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2022
Investment Securities
Investment Securities	Note 3. Investment Securities A summary of the amortized cost and market value of securities available for sale at December 31, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 17,596 ​ $ 7 ​ $ (2,348) ​ $ 15,255 Agency mortgage-backed securities ​ 58,801 ​ — ​ (6,908) ​ 51,893 Municipal securities ​ ​ 43,092 ​ ​ 1 ​ ​ (10,796) ​ ​ 32,297 U.S. Government agency securities ​ ​ 45,471 ​ ​ — ​ ​ (8,891) ​ ​ 36,580 Corporate securities ​ ​ 1,500 ​ ​ — ​ ​ (175) ​ ​ 1,325 U.S. Treasury securities ​ 6,993 ​ — ​ (210) ​ 6,783 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 173,453 ​ $ 8 ​ $ (29,328) ​ $ 144,133 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 U.S. Government agency securities ​ ​ 32,616 ​ ​ 4 ​ ​ (1,269) ​ ​ 31,351 Corporate securities ​ 1,500 ​ ​ — ​ ​ (26) ​ ​ 1,474 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 156,692 ​ $ 1,340 ​ $ (2,105) ​ $ 155,927 ​ 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 December 31, 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 or loss. 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 tables show the fair value and gross unrealized losses associated with the investment portfolio, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 8,315 ​ $ (364) ​ $ 6,127 ​ $ (1,984) ​ $ 14,442 ​ $ (2,348) Agency mortgage-backed securities ​ ​ 20,029 ​ ​ (1,308) ​ ​ 31,865 ​ ​ (5,600) ​ ​ 51,894 ​ ​ (6,908) Municipal securities ​ ​ 18,456 ​ ​ (5,438) ​ ​ 13,340 ​ ​ (5,358) ​ ​ 31,796 ​ ​ (10,796) U.S. Government agency securities ​ 13,526 ​ ​ (474) ​ ​ 22,767 ​ ​ (8,417) ​ ​ 36,293 ​ ​ (8,891) Corporate securities ​ ​ — ​ ​ — ​ ​ 1,325 ​ ​ (175) ​ ​ 1,325 ​ ​ (175) U.S. Treasury securities ​ 6,783 ​ (210) ​ — ​ — ​ 6,783 ​ (210) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 67,109 ​ $ (7,794) ​ $ 75,424 ​ $ (21,534) ​ $ 142,533 ​ $ (29,328) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) U.S. Government agency securities ​ ​ 13,976 ​ ​ (420) ​ ​ 15,942 ​ ​ (849) ​ ​ 29,918 ​ ​ (1,269) Corporate securities ​ 1,474 ​ (26) ​ — ​ — ​ 1,474 ​ (26) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 84,079 ​ $ (1,234) ​ $ 17,015 ​ $ (871) ​ $ 101,094 ​ $ (2,105) ​ At December 31, 2022 and 2021, the Company did not have any securities that had impairment charges. The Company's investment securities portfolio consists primarily of debt securities issued by U.S. Government agencies, U.S. Government-sponsored agencies, Corporate securities, state governments and local municipalities. There were mortgage obligations ("CMO") held in the investment securities portfolio as of December 31, 2022 and December 31, 2021. The fair value of investment securities is impacted by interest rates, credit spreads, market volatility and liquidity conditions. Net unrealized gains and losses in the available for sale portfolio are included in shareholders' equity as a component of accumulated other comprehensive income or loss, net of tax. An unrealized loss exists when the current fair value of an individual security is less than the amortized cost basis. 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 December 31, 2022. As of December 31, 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. The Company held fifty-six U.S. Government agency, seventy-four collateralized mortgage obligations, one treasury security and eighty-three agency mortgage-backed securities that were in an unrealized loss position at December 31, 2022. Principal and interest payments of the underlying collateral for each of these securities are backed by U.S. Government sponsored agencies and carry minimal credit risk. Management found no evidence of credit loss impairment on any of these securities and believes the unrealized losses are due to fluctuations in fair values resulting from changes in market interest rates and are considered temporary as of December 31, 2022. The Company held one corporate security that was in an unrealized loss position at December 31, 2022. Management believes the unrealized losses were the result of movements in long-term interest rates and are not reflective of any credit deterioration. All municipal securities held in the investment portfolio are reviewed on at least a quarterly basis for credit loss impairment. Each bond carries an investment grade rating by either Moody's or Standard & Poor's. In addition, the Company periodically conducts its own independent review on each issuer to ensure the financial stability of the municipal entity. The largest geographic concentration was in Maryland and consisted of either general obligation or revenue bonds backed by the taxing power of the issuing municipality. At December 31, 2022, the investment portfolio included municipal securities that were in an unrealized loss position. Management believes the unrealized losses were the result of movements in long-term interest rates and are not reflective of any credit deterioration. At December 31, 2022 and 2021, investment securities in the amount of approximately $0 and $1.2 million, respectively, were pledged as collateral for interest rate swap contracts for 2021. Unrealized losses on securities in the investment portfolio amounted to $29.3 million with a total fair value of $142.5 million as of December 31, 2022 compared to unrealized losses of $2.1 million with a total fair value of $101.1 million as of December 31, 2021. The Company believes the unrealized losses presented in the tables above are temporary in nature and primarily related to market interest rates or limited trading activity in a particular type of security rather than the underlying credit quality of the issuers. The Company does not believe that these losses are other than temporary and does not currently intend to sell or believe it will be required to sell securities in an unrealized loss position prior to maturity or recovery of the amortized cost bases. The following table presents investment securities by stated maturity at December 31, 2022. Collateralized mortgage obligations and agency mortgage-backed securities have expected maturities that differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties and, therefore, these securities are classified separately with no specific maturity date. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ ​ Amortized ​ Fair (dollars in thousands) Cost Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due within one year ​ $ — ​ $ — Due over one to five years ​ 22,235 ​ 21,505 Due over five to ten years ​ 15,891 ​ 13,348 Due over ten years ​ 58,930 ​ 42,132 Collateralized mortgage obligations ​ ​ 17,596 ​ ​ 15,255 Agency mortgage-backed securities ​ 58,801 ​ 51,893 ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 173,453 ​ $ 144,133 ​ No investment securities were sold in 2022. Proceeds from sales of available for sale securities prior to maturity totaled $32.7 million for the year ended December 31, 2021. The Bank realized net losses of $0 and net losses of $588,000 for the years ended December 31, 2022 and 2021, respectively. Realized gains and losses were calculated based on the amortized cost of the securities at the date of trade.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses - Loans	12 Months Ended
	Dec. 31, 2022
Loans and Allowance for Credit Losses - Loans
Loans and Allowance for Credit Losses - Loans	Note 4. Loans and Allowance for Credit Losses - Loans The following table sets forth the Company's gross loans by major categories as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) ​ 2022 ​ 2021 Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ Construction and land ​ $ 4,499 ​ $ 4,087 Farmland ​ ​ 333 ​ ​ 342 Single-family residential ​ ​ 80,251 ​ ​ 78,119 Multi-family ​ ​ 5,304 ​ ​ 5,428 Commercial ​ ​ 42,936 ​ ​ 48,729 Total loans secured by real estate ​ ​ 133,323 ​ ​ 136,705 Commercial and Industrial ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 8,990 ​ ​ 10,003 SBA guaranty ​ 6,158 ​ 6,397 Comm SBA PPP ​ ​ — ​ ​ 1,047 Total commercial and industrial loans ​ ​ 15,148 ​ ​ 17,447 Consumer Loans ​ ​ ​ ​ ​ ​ Consumer ​ 1,521 ​ 2,090 Automobile ​ 36,448 ​ 54,150 Total consumer loans ​ 37,969 ​ 56,240 ​ ​ ​ ​ ​ ​ ​ Loans, net of deferred fees and costs ​ ​ 186,440 ​ ​ 210,392 Less: Allowance for credit losses ​ ​ (2,162) ​ ​ (2,470) Loans, net ​ $ 184,278 ​ $ 207,922 ​ 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. The Bank has an automotive indirect lending program where loans, collateralized by vehicles, made by car dealers to consumers are acquired by the Bank. The Bank’s indirect loan group included million of such loans at December 31, 2022 and 2021, respectively. million at December 31, 2022 and 2021, respectively. The Bank makes loans to customers located primarily in Anne Arundel County and surrounding areas of Central Maryland. Although the loan portfolio is diversified, its performance will be influenced by the economy of the region. Included in loans are loans due from directors, and other related parties of $0 at December 31, 2022, and 2021. These loans are made on the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with unrelated borrowers. The Board of Directors approves loans to directors, and other related parties to confirm that collateral requirements, terms and rates are comparable to other borrowers and are in compliance with underwriting policies. The following presents the activity in amount due from directors and other related parties for the years ended December 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ Balance at beginning of year ​ $ — ​ $ 276 Additions ​ 1,078 ​ 90 Repayments ​ ​ (1,078) ​ ​ (366) Balance at end of year ​ $ — ​ $ — ​ Allowance for Credit Losses Credit Risk and Allowance for Credit Losses - Loans. 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 - loans is established through a provision for credit losses charged to expense. Loans are charged against the allowance for credit losses - loans 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 - loans in proportion to the total nonaccrual loans and past due loans to be sufficient. ​ ​ ​ ​ The following table presents the total allowance by loan segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ December 31, 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 ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ (200) ​ ​ (9) ​ ​ — ​ ​ (14) ​ ​ (169) ​ ​ (392) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 8 ​ 188 ​ 196 Release for credit losses ​ 39 ​ 9 ​ (127) ​ (2) ​ (57) ​ 259 ​ 1 ​ — ​ (7) ​ (227) ​ (112) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of year ​ $ 44 ​ $ 20 ​ $ 1,230 ​ $ 103 ​ $ 221 ​ $ 174 ​ $ 22 ​ $ — ​ $ 23 ​ $ 325 ​ $ 2,162 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ — ​ $ — ​ $ 20 ​ $ — ​ $ — ​ $ 59 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 79 Related loan balance ​ — ​ — ​ 34 ​ — ​ — ​ 300 ​ — ​ — ​ — ​ — ​ 334 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ 44 ​ $ 20 ​ $ 1,210 ​ $ 103 ​ $ 221 ​ $ 115 ​ $ 22 ​ $ — ​ $ 23 ​ $ 325 ​ $ 2,083 Related loan balance ​ 4,499 ​ 333 ​ 80,217 ​ 5,304 ​ 42,936 ​ 8,690 ​ 6,158 ​ — ​ 1,521 ​ 36,448 ​ 186,106 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ 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 for credit losses ​ (11) ​ — ​ 95 ​ 43 ​ 79 ​ (6) ​ 36 ​ — ​ (8) ​ 271 ​ (975) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of 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 ​ Management believes the allowance for credit losses is at an appropriate level to absorb inherent probable losses in the portfolio. The following table rolls forward the Company’s activity for nonaccrual loans during the years 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ ​ ​ Single-family ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Multi-family ​ Commercial ​ and Industrial SBA Guaranty ​ Consumer ​ Automobile ​ ​ Total (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 $ 270 ​ $ — ​ $ 4,029 ​ $ — ​ $ — ​ ​ $ 34 ​ $ 179 ​ $ 4,512 Transfers into nonaccrual ​ ​ ​ 920 ​ ​ ​ 71 ​ ​ 1 ​ 291 ​ 1,283 Loans paid down/payoffs ​ (147) ​ $ — ​ ​ (3,987) ​ $ — ​ $ — ​ ​ ​ (1) ​ ​ (83) ​ ​ (4,218) Loans returned to accrual status — ​ ​ — ​ ​ (962) ​ ​ — ​ ​ — ​ ​ ​ (34) ​ ​ — ​ ​ (996) Loans charged off — ​ — ​ — ​ — ​ — ​ ​ — ​ (243) ​ (243) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 $ 123 ​ $ — ​ $ — ​ $ — ​ $ 71 ​ ​ $ — ​ $ 144 ​ $ 338 Transfers into nonaccrual 31 ​ ​ — ​ 502 ​ — ​ ​ 11 ​ 207 ​ 751 Loans paid down/payoffs ​ (50) ​ $ — ​ ​ — ​ ​ (3) ​ $ (61) ​ ​ ​ (11) ​ ​ (105) ​ ​ (230) Loans returned to accrual status ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ — ​ ​ (29) ​ ​ (29) Loans charged off — ​ — ​ — ​ (200) ​ (10) ​ ​ — ​ (132) ​ (342) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 $ 104 ​ $ — ​ $ — ​ $ 299 ​ $ — ​ ​ $ — ​ $ 85 ​ $ 488 ​ 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. Loans rated a 5 (Special Mention) are pass credits, but are loans that have been identified that warrant additional attention and monitoring and represent “criticized” assets. Loans rated a 6 (Substandard) or higher are considered “criticized” loans and represent an increased level of credit risk. The use and application of these risk ratings by the Bank conform to the Bank's policy and regulatory definitions. 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. In the normal course of loan portfolio management, loan originators are responsible for continuous assessment of credit risk arising from the individual borrowers within their portfolio and assigning appropriate risk ratings. Credit Administration is responsible for ensuring the integrity and operation of the risk rating system and maintenance of the watch list. The Bank contracts with an independent third party loan review firm that reviews and validates the internal credit risk program on an annual basis. Results of these reviews are presented to the Audit Committee for approval and then to management for implementation. The loan review process compliments and reinforces the risk identification and assessment decisions made by the lenders and credit personnel as well as the Bank’s policies and procedures. The following table provides information with respect to the Company's risk ratings by loan portfolio segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ December 31, 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 ​ $ 4,499 ​ $ 333 ​ $ 80,147 ​ $ 5,304 ​ $ 42,936 ​ $ 8,691 ​ $ 6,158 ​ $ — ​ $ 1,521 ​ $ 36,363 ​ $ 185,952 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ 104 ​ ​ — ​ ​ — ​ ​ 299 ​ ​ — ​ ​ — ​ ​ — ​ ​ 80 ​ ​ 483 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5 ​ ​ 5 Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 4,499 ​ $ 333 ​ $ 80,251 ​ $ 5,304 ​ $ 42,936 ​ $ 8,990 ​ $ 6,158 ​ $ — ​ $ 1,521 ​ $ 36,448 ​ $ 186,440 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonaccrual ​ $ — ​ $ — ​ $ 104 ​ $ — ​ $ — ​ $ 299 ​ $ — ​ $ — ​ $ — ​ $ 85 ​ $ 488 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 ​ The following tables provide information about credit quality indicators by the year of origination at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Origination Year ​ ​ (dollars in thousands) 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Total December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 11,941 ​ $ 17,685 ​ $ 10,337 ​ $ 9,852 ​ $ 12,670 ​ $ 70,838 ​ $ 133,323 Special mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 104 ​ ​ 104 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 11,941 ​ $ 17,685 ​ $ 10,337 ​ $ 9,852 ​ $ 12,670 ​ $ 70,838 ​ $ 133,323 Commercial and Industrial Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 1,468 ​ $ 449 ​ $ 4,056 ​ $ 875 ​ $ 3,581 ​ $ 4,420 ​ $ 14,849 Special mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ 299 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 299 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 1,468 ​ $ 748 ​ $ 4,056 ​ $ 875 ​ $ 3,581 ​ $ 4,420 ​ $ 15,148 Consumer Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 6,573 ​ $ 8,632 ​ $ 5,187 ​ $ 6,792 ​ $ 8,113 ​ $ 2,587 ​ $ 37,884 Special mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ 27 ​ ​ 13 ​ ​ — ​ ​ 40 ​ ​ 5 ​ ​ 85 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 6,573 ​ $ 8,659 ​ $ 5,200 ​ $ 6,792 ​ $ 8,153 ​ $ 2,592 ​ $ 37,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Origination Year ​ ​ (dollars in thousands) 2021 ​ 2020 ​ 2019 ​ 2018 ​ 2017 ​ Prior ​ Total December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 16,498 ​ $ 12,135 ​ $ 10,671 ​ $ 13,558 ​ $ 6,715 ​ $ 73,568 ​ $ 133,145 Special mention ​ — ​ ​ — ​ ​ — ​ ​ 787 ​ ​ — ​ ​ 2,650 ​ ​ 3,437 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 123 ​ ​ 123 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 16,498 ​ $ 12,135 ​ $ 10,671 ​ $ 14,345 ​ $ 6,715 ​ $ 76,341 ​ $ 136,705 Commercial and Industrial Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 2,766 ​ $ 4,172 ​ $ 1,066 ​ $ 4,128 ​ $ 1,198 ​ $ 4,046 ​ $ 17,376 Special mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 71 ​ ​ 71 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 2,766 ​ $ 4,172 ​ $ 1,066 ​ $ 4,128 ​ $ 1,198 ​ $ 4,117 ​ $ 17,447 Consumer Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 12,270 ​ $ 8,222 ​ $ 11,176 ​ $ 16,706 ​ $ 4,908 ​ $ 2,808 ​ $ 56,090 Special mention ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ 28 ​ ​ 5 ​ ​ 38 ​ ​ 40 ​ ​ 29 ​ ​ 4 ​ ​ 144 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 12,298 ​ $ 8,227 ​ $ 11,214 ​ $ 16,752 ​ $ 4,937 ​ $ 2,812 ​ $ 56,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Troubled Debt Restructurings The restructuring of a loan constitutes a TDR if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider in the normal course of business. A concession may include an extension of repayment terms which would not normally be granted, a reduction of interest rate or the forgiveness of principal and/or accrued interest. If the debtor is experiencing financial difficulty and the creditor has granted a concession, the Company will make the necessary disclosures related to the TDR. In certain cases, a modification may be made in an effort to retain a customer who is not experiencing financial difficulty. This type of modification is not considered to be a TDR. Once a loan has been modified and is considered a TDR, it is reported as an impaired loan. All TDRs are evaluated individually for impairment on a quarterly basis as part of the allowance for credit losses calculation. A specific allowance for TDR loans is established when the discounted cash flows, collateral value or observable market price, whichever is appropriate, of the TDR is lower than the carrying value. If a loan deemed a TDR has performed for at least six months at the level prescribed by the modification, it is not considered to be non-performing; however, it will generally continue to be reported as impaired, but may be returned to accrual status. A TDR is deemed in default on its modified terms once a contractual payment is 30 or more days past due. There were no new loans modified as TDRs for the years ended December 31, 2022 and 2021. At December 31, 2022, the recorded investment in TDR’s reflected one loan in the amount of $34,048 which is on nonaccrual. At December 31, 2021, the recorded investment in TDR’s reflected The Bank has no commitments to loan additional funds to the borrowers of restructured, impaired, or nonaccrual loans. Asset Quality The following table presents the loan portfolio segments summarized by aging categories of performing loans and nonaccrual loans as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days or ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ More and ​ ​ ​ ​ ​ ​ December 31, 2022 Current Past Due Still Accruing Nonaccrual Total (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ 4,499 ​ $ — ​ $ — ​ $ — ​ $ 4,499 Farmland ​ ​ 333 ​ ​ — ​ ​ — ​ ​ — ​ ​ 333 Single-family residential ​ ​ 79,952 ​ ​ 185 ​ ​ 10 ​ ​ 104 ​ ​ 80,251 Multi-family ​ 5,304 ​ — ​ — ​ — ​ 5,304 Commercial ​ ​ 42,936 ​ ​ — ​ ​ — ​ ​ — ​ ​ 42,936 Total loans secured by real estate ​ ​ 133,024 ​ ​ 185 ​ ​ 10 ​ ​ 104 ​ ​ 133,323 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 8,691 ​ ​ — ​ ​ — ​ ​ 299 ​ ​ 8,990 SBA guaranty ​ ​ 6,158 ​ ​ — ​ ​ — ​ ​ — ​ ​ 6,158 Comm SBA PPP ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial loans ​ ​ 14,849 ​ ​ — ​ ​ — ​ ​ 299 ​ ​ 15,148 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ 1,521 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,521 Automobile ​ ​ 36,037 ​ ​ 326 ​ ​ — ​ ​ 85 ​ ​ 36,448 Total consumer loans ​ ​ 37,558 ​ ​ 326 ​ ​ — ​ ​ 85 ​ ​ 37,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 185,431 ​ $ 511 ​ $ 10 ​ $ 488 ​ $ 186,440 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days or ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ More and ​ ​ ​ ​ ​ ​ December 31, 2021 Current Past Due Still Accruing Nonaccrual Total (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ Loans on which the accrual of interest has been discontinued totaled $0.5 million and $0.3 million at December 31, 2022 and 2021, respectively. The Bank recognizes interest income on non-accrual loans using a cash basis method for the time they are on non-accrual. Interest income that was recognized on these non-accrual loans totaled for the years ended December 31, 2022 and 2021. Loans past due 90 days or more and still accruing interest totaled at December 31, 2022 and 2021, respectively. Management believes these particular loans are well secured and in the process of full collection of all amounts owed. Nonaccrual loans with specific reserves at December 31, 2022 are comprised of: Consumer Impaired Loans The following table presents information with respect to impaired loans. Management determined the specific reserve in the allowance based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the remaining source of repayment for the loan is the operation or liquidation of the collateral. In those cases, the current fair value of the collateral, less estimated selling costs is used to determine the specific allowance recorded. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid Interest ​ ​ Average December 31, 2022 ​ Recorded ​ Principal ​ Income ​ Specific ​ Recorded (dollars in thousands) ​ Investment ​ Balance ​ Recognized ​ Reserve ​ Investment Impaired loans with specific reserves: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Farmland ​ — ​ — ​ — ​ — ​ — Single-family residential ​ 14 ​ 34 ​ 2 ​ 20 ​ 48 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total loans secured by real estate ​ ​ 14 ​ ​ 34 ​ ​ 2 ​ ​ 20 ​ ​ 48 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 240 ​ ​ 299 ​ ​ 19 ​ ​ 59 ​ ​ 499 SBA guaranty ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial loans ​ ​ 240 ​ ​ 299 ​ ​ 19 ​ ​ 59 ​ ​ 499 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Automobile ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total consumer loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total impaired loans with specific reserves ​ $ 254 ​ $ 333 ​ $ 21 ​ $ 79 ​ $ 547 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no specific reserve: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ n/a ​ $ — Farmland ​ — ​ — ​ — ​ n/a ​ — Single-family residential ​ 70 ​ 70 ​ 2 ​ n/a ​ 79 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total loans secured by real estate ​ ​ 70 ​ ​ 70 ​ ​ 2 ​ ​ — ​ ​ 79 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — SBA guaranty ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total commercial and industrial loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Automobile ​ ​ 85 ​ ​ 85 ​ ​ 6 ​ ​ n/a ​ ​ 107 Total consumer loans ​ ​ 85 ​ ​ 85 ​ ​ 6 ​ ​ n/a ​ ​ 107 Total impaired loans with no specific reserve ​ $ 155 ​ $ 155 ​ $ 8 ​ $ — ​ $ 186 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid Interest ​ ​ Average December 31, 2021 ​ Recorded ​ Principal ​ Income ​ Specific ​ Recorded (dollars in thousands) ​ 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 ​

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2022
Premises and Equipment
Premises and Equipment	Note 5. Premises and Equipment A summary of premises and equipment is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Useful December 31, ​ ​ lives ​ 2022 ​ 2021 (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ $ 685 ​ $ 685 Buildings 5-50 years ​ 6,781 ​ 6,723 Equipment and fixtures 5-30 years ​ 8,515 ​ 8,354 Construction in progress ​ 71 ​ 36 Operating Lease Assets ​ ​ ​ ​ 366 ​ ​ 478 ​ ​ 16,418 ​ 16,276 Accumulated depreciation ​ (13,141) ​ (12,712) ​ ​ ​ ​ ​ $ 3,277 ​ $ 3,564 ​ Depreciation expense totaled $0.3 million for the years ended December 31, 2022 and 2021. Amortization of software totaled Operating lease Right-of-Use (“ROU”) assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. ROU assets also include any initial direct costs incurred and any lease payments made at or before the lease commencement date, less lease incentives received. . per year through September 2023. Minimum lease obligations under the Linthicum branch are per year through December 2024, adjusted annually on a pre-determined basis. The Bank is also required to pay all maintenance costs under all these leasing arrangements. for the years ended December 31, 2022 and 2021, respectively. The Bank uses its incremental borrowing rate based on the information available at the commencement date in determining the lease liabilities as the Company’s leases generally do not provide an implicit rate. Lease terms may include options to extend or terminate when the Company is reasonably certain that the option will be exercised. Future minimum payments of the Bank’s operating leases as of December 31, 2022 are as follows: ​ ​ ​ ​ ​ Year ending December 31, Amount ​ ​ (dollars in thousands) 2023 ​ $ 188 2024 ​ 167 2025 ​ ​ 10 2026 ​ ​ 8 2027 ​ ​ 4 Thereafter ​ — Total ​ $ 377 ​

Federal Home Loan Bank, Short-

Federal Home Loan Bank, Short- and Long-term Borrowings	12 Months Ended
	Dec. 31, 2022
Federal Home Loan Bank, Short- and Long-term Borrowings
Federal Home Loan Bank, Short- and Long-term Borrowings	Note 6. Federal Home Loan Bank, Short- and Long-term Borrowings The Bank owned 2,212 shares of common stock of the FHLB at December 31, 2022. The Bank is required to maintain an investment of of total advances, adjusted for advances and repayments. The credit available under this facility is determined at million at December 31, 2022. Short-and long-term advances totaled million, respectively, at December 31, 2021. This credit facility is secured by a floating lien on the Bank’s residential mortgage loan portfolio. Average short-term borrowings approximated respectively and the weighted average interest rate was 2.30% and 2.34% , respectively. Average long-term borrowings approximated million for 2022 and 2021, respectively. At December 31, 2022 the Bank had available unsecured federal funds lines of credit from two financial institutions for $9.0 million and $8.0 million. Derivatives During the fourth quarter of 2017, the Company entered into interest rate swaps to manage interest rate risk. These derivative contracts involve the receipt of floating rate interest from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreement, without the exchange of the underlying notional value. These instruments are designated as cash flow hedges as the receipt of floating rate interest from the counterparty is used to manage interest rate risk associated with forecasted issuances of short-term FHLB advances. The change in the fair value of this hedging instrument is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged transaction affects earnings. For derivative financial instruments accounted for as hedging instruments, we formally designate and document, at inception, the financial instrument as a hedge of a specific underlying exposure, the risk management objective, and the manner in which the effectiveness of the hedge will be assessed. We formally assess both at inception and at each reporting period thereafter, whether the derivative financial instruments used in hedging transactions are effective in offsetting changes in cash flows of the related underlying exposures. Any ineffective portion of the changes in cash flow of the instruments is recognized immediately into earnings. ASC 815-10, Derivatives and Hedging (“ASC 815”) requires companies to recognize all derivative instruments as assets or liabilities at fair value in the consolidated balance sheets. In accordance with ASC 815, we designated our interest rate swaps as cash flow hedges of certain active and forecasted variable rate FHLB advances. Changes in the fair value of the hedging instrument, except any ineffective portion, were recorded in accumulated other comprehensive income (loss) until earnings were impacted by the hedged instrument. No components of our hedging instruments were excluded from the assessment of hedge effectiveness in hedging exposure to variability in cash flows. Classification of the gain or loss in the consolidated statements of income upon release from accumulated other comprehensive income (loss) is the same as that of the underlying exposure. We discontinue the use of hedge accounting prospectively when (1) the derivative instrument is no longer effective in offsetting changes in fair value or cash flows of the underlying hedged item; (2) the derivative instrument expires, is sold, terminated, or exercised; or (3) designating the derivative instrument as a hedge is no longer appropriate. When we discontinue hedge accounting because it is no longer probable that an anticipated transaction will occur in the originally expected period, or within an additional two-month period thereafter, changes to fair value that were recorded in accumulated other comprehensive income (loss) are recognized immediately in earnings. As of December 31, 2022, the Company had $0 outstanding interest rate swaps designated as a cash flow hedges. As of December 31, 2021, the Company had million. The agreements had million notional amounts, respectively. These interest rate swaps of million mature on October 2022, July 2023, and August 2023, respectively, and hedge three-month FHLB advances that will be renewed every year at the SOFR interest rate at that time. The million contracts were interest rate swaps that became effective in July 2018 and August 2018. These were terminated early on October 31, 2022, with a gain of recognized in noninterest income. The cash flow hedges were determined to be fully effective during all periods presented. As such, no ineffectiveness has been included in net income. The following table reflects information about swaps designated as cash flow hedges as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ Notional ​ Pay ​ Receive ​ ​ ​ Assets/ ​ Loss ​ Assets/ ​ Loss ​ (dollars in thousands) Amount ​ Rate ​ Rate ​ Term ​ Liabilities AOCI ​ Liabilities AOCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap $ 10,000 ​ 2.105 % ​ 3M LIBOR ​ 11/2017 - 10/2022 ​ $ — $ — ​ $ (174) $ (126) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate ​ 5,000 ​ 2.235 % ​ 3M LIBOR ​ 7/2018 - 7/2023 ​ ​ — ​ — ​ ​ (136) ​ (99) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate ​ 5,000 ​ 2.246 % ​ 3M LIBOR ​ 8/2018 - 8/2023 ​ ​ — ​ — ​ ​ (132) ​ (96) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 20,000 ​ ​ ​ ​ ​ ​ ​ ​ $ — $ — ​ $ (442) $ (321) ​ ​ The following table reflects the total interest expense recorded on these swap transactions in the consolidated statements of income during the year ended December 31, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ (dollars in thousands) Bank Position ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap on FHLB advance Pay fixed/receive variable ​ $ (65) $ (194) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap on FHLB advance Pay fixed/receive variable ​ ​ (38) ​ (105) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap on FHLB advance Pay fixed/receive variable ​ ​ (47) ​ (105) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ $ (150) $ (404) ​ ​ The Bank is required to pledge securities as collateral for all swaps with dealer counterparties. The fair value of cash or investment securities pledged as collateral by the Bank totaled $0 and $1,175,000 at December 31, 2022 and 2021.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2022
Deposits
Deposits	Note 7. Deposits The following table summarizes the major classifications of deposit balances as of the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2022 2021 ​ (dollars in thousands) ​ ​ ​ Noninterest-bearing deposits ​ $ 143,262 ​ $ 155,624 ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-bearing deposits: ​ ​ ​ ​ ​ ​ ​ Interest-bearing checking ​ ​ 40,086 ​ ​ 37,305 ​ Money Market ​ 15,791 ​ 23,103 ​ Savings ​ 113,101 ​ 106,818 ​ Time deposits, $100,000 or more ​ 19,999 ​ 24,624 ​ Time deposits below $100,000 ​ 30,708 ​ 35,773 ​ Total interest- bearing deposits ​ ​ 219,685 ​ ​ 227,623 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Deposits ​ $ 362,947 ​ $ 383,247 ​ ​ Interest expense on deposits for the years ended December 31, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 (dollars in thousands) ​ ​ ​ Interest-bearing checking ​ $ 11 ​ $ 11 ​ Money Market ​ 12 ​ 11 ​ Savings ​ 59 ​ 51 ​ Time deposits, $100,000 or more ​ 183 ​ 248 ​ Time deposits below $100,000 ​ ​ 206 ​ 288 ​ Total Interest Expense ​ $ 471 ​ $ 609 ​ ​ The Bank recognized $0.2 million of fee income from deposits for the years ended December 31, 2022 and 2021. At December 31, 2022, the scheduled maturities of time deposits are approximately as follows: ​ ​ ​ ​ ​ (dollars in thousands) ​ Amount Maturing in: ​ ​ ​ 2023 ​ $ 26,461 2024 ​ 13,664 2025 ​ 4,187 2026 ​ 3,941 2027 ​ 2,125 2027 and thereafter ​ 329 Total Time Deposits ​ $ 50,707 ​ Deposit balances of executive officers and directors and their affiliated interests totaled approximately $2.1 million and $2.2 million at December 31, 2022 and 2021, respectively. The Bank had no brokered deposits at December 31, 2022 and 2021.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Taxes
Income Taxes	Note 8. Income Taxes The components of income tax expense are as follows for the years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 (dollars in thousands) ​ ​ Current income tax expense: ​ ​ Federal ​ $ 302 ​ $ 211 State ​ 148 ​ 84 ​ ​ ​ Total current tax expense ​ 450 ​ 295 ​ ​ ​ ​ ​ ​ ​ Deferred income tax expense: ​ ​ Federal ​ (147) ​ 198 State ​ (63) ​ 84 ​ ​ ​ Total deferred tax expense ​ (210) ​ 282 ​ ​ ​ ​ ​ ​ ​ Total Income tax expense ​ $ 240 ​ $ 577 ​ A reconciliation of income tax expense computed at the statutory rate of 21% at December 31, 2022 and December 31, 2021 to the actual income tax expense for the years ended December 31, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 (dollars in thousands) ​ ​ ​ Income tax expense at federal statutory rate ​ $ 417 ​ $ 650 ​ (Decrease) increase resulting from: ​ ​ ​ Tax-exempt income ​ (212) ​ (181) ​ Bank owned life insurance ​ ​ (33) ​ ​ (33) ​ State income taxes, net of Federal income tax benefit ​ 68 ​ 133 ​ Other ​ — ​ 8 ​ Total income tax expense ​ $ 240 ​ $ 577 ​ ​ Deferred tax assets and liabilities resulting from the tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes at December 31, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 (dollars in thousands) ​ ​ ​ Deferred income tax benefits: ​ ​ Accrued deferred compensation ​ $ 87 ​ $ 84 ​ Allowance for credit losses ​ 386 ​ 376 ​ Accumulated depreciation ​ (18) ​ (22) ​ Accrued Liabilities ​ ​ 144 ​ ​ — ​ Reserve for unfunded commitments ​ 131 ​ 102 ​ Accounting standard 310-20 ​ ​ (145) ​ ​ (144) ​ Right of use asset ​ ​ (101) ​ ​ (132) ​ Lease liability ​ ​ 101 ​ ​ 132 ​ Accumulated securities premium accretion ​ 248 ​ 228 ​ Net unrealized depreciation on investment securities available for sale ​ ​ 8,069 ​ ​ 211 ​ Net unrealized loss on Swaps ​ — ​ 121 ​ ​ ​ ​ ​ Net deferred income tax benefits ​ $ 8,902 ​ $ 956 ​ ​ Management has determined that no valuation allowance is required as it believes it is more likely than not that all of the deferred tax assets will be fully realizable in the future. At December 31, 2022 and 2021, management believes there are no uncertain tax positions under ASC Topic 740 Income Taxes. Income tax expense was $0.24 million and $0.58 million at December 2022 and 2021, respectively.

Pension and Profit Sharing Plan

Pension and Profit Sharing Plans	12 Months Ended
	Dec. 31, 2022
Pension and Profit Sharing Plans
Pension and Profit Sharing Plans	Note 9. Pension and Profit Sharing Plans The Bank has a defined contribution retirement plan qualifying under Section 401(k) of the Internal Revenue Code that is funded through a profit sharing agreement and voluntary employee contributions. Annual contributions, included in employee benefit expense, totaled $277,000 and $493,000 for the years ended December 31, 2022 and 2021, respectively.

Other Benefit Plans

Other Benefit Plans	12 Months Ended
	Dec. 31, 2022
Other Benefit Plans
Other Benefit Plans	Note 10. Other Benefit Plans The Company is the owner and beneficiary of BOLI policies on certain current and former employees. Cash value totaled million at December 31, 2022 and 2021, respectively. Income on insurance investment totaled million for years ended 2022 and 2021. The Bank has an unfunded grantor trust, as part of a change in control severance plan, covering substantially all employees. Participants in the plan are entitled to cash severance benefits upon termination of employment, for any reason other than just cause, should a “change in control” of the Company occur.

Other Noninterest Expenses

Other Noninterest Expenses	12 Months Ended
	Dec. 31, 2022
Other Noninterest Expenses.
Other Noninterest Expenses	Note 11. Other Noninterest Expenses Other noninterest expenses include the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2022 2021 ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ Loan related expenses ​ $ 145 ​ $ 195 ​ Other ATM expenses ​ 41 ​ 36 ​ Director, executive and audit committee fees and expenses ​ ​ 177 ​ ​ 167 ​ Postage, delivery and courier expenses ​ ​ 81 ​ ​ 70 ​ Office supplies expenses ​ ​ 38 ​ ​ 35 ​ Credit report fees ​ ​ 24 ​ ​ 38 ​ Dues and subscription fees ​ ​ 112 ​ ​ 93 ​ Examination and assessment fees ​ 51 ​ 48 ​ Federal Reserve and correspondent bank services ​ 27 ​ 30 ​ Foreclosed property expenses ​ ​ — ​ ​ 23 ​ Liability insurance ​ 109 ​ 85 ​ Provision (release) for unfunded commitments ​ ​ 107 ​ ​ (119) ​ Card services ​ ​ 114 ​ ​ 114 ​ NASDAQ registration ​ ​ 61 ​ ​ 56 ​ Investor services ​ ​ 41 ​ ​ 43 ​ Other ​ 175 ​ 195 ​ ​ ​ ​ ​ Total Other Noninterest Expense ​ $ 1,303 ​ $ 1,109 ​ ​

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies
Commitments and Contingencies	Note 12. Commitments and Contingencies Financial instruments: The Bank is a party to financial instruments in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit, which involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated financial statements. Outstanding loan commitments, unused lines of credit and letters of credit are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2022 2021 ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ Loan commitments: ​ ​ ​ Other mortgage loans ​ $ 9,280 ​ $ 2,863 ​ ​ ​ ​ ​ ​ ​ ​ ​ Unused lines of credit: ​ ​ ​ Home-equity lines ​ $ 10,142 ​ $ 9,224 ​ Commercial lines ​ 10,717 ​ 15,432 ​ Unsecured consumer lines ​ 579 ​ 648 ​ ​ ​ ​ ​ ​ ​ $ 21,438 ​ $ 25,304 ​ ​ ​ ​ ​ Letters of credit: ​ $ 45 ​ $ 55 ​ ​ Loan commitments and lines of credit are agreements to lend to customers as long as there is no violation of any conditions of the contracts. Loan commitments generally have interest rates fixed at current market amounts, fixed expiration dates, and may require payment of a fee. Lines of credit generally have variable interest rates. Many of the loan commitments and lines of credit are expected to expire without being drawn upon; accordingly, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral or other security obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include deposits held in financial institutions, U.S. Treasury securities, other marketable securities, accounts receivable, inventory, property and equipment, personal residences, income-producing commercial properties, and land under development. Personal guarantees are also obtained to provide added security for certain commitments. Letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to guarantee the installation of real property improvements and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank holds collateral and obtains personal guarantees supporting those commitments for which collateral or other securities is deemed necessary. The Bank’s exposure to credit loss in the event of nonperformance by the customer is the contractual amount of the commitment. Loan commitments, lines of credit, and letters of credit are made on the same terms, including collateral, as outstanding loans. As of December 31, 2022 and December 31, 2021, the Bank accrued $477,215 and $370,680, respectively, as a reserve for losses on unfunded commitments related to these financial instruments with off balance sheet risk, which is included in other liabilities.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity
Stockholders' Equity	Note 13. Stockholders’ Equity Restrictions on Dividends The Company’s ability to pay dividends to its stockholders may be affected by both general corporate law considerations and policies of the Federal Reserve applicable to bank holding companies. Banking regulations limit the amount of dividends that may be paid without prior approval of the Bank’s regulatory agencies. Regulatory approval is required to pay dividends that exceed the Bank’s net profits for the current year plus its retained net profits for the preceding two years. Retained earnings from which dividends may not be paid without prior approval totaled approximately $20.7 million at December 31, 2022 and $20.2 million at December 31, 2021 based on the earnings restrictions and minimum capital ratio requirements noted below. The payment of dividends by any financial institution or its holding company is affected by the requirement to maintain adequate capital pursuant to applicable capital adequacy guidelines and regulations, and a financial institution generally is prohibited from paying any dividends if, following payment thereof, the institution would be undercapitalized. Notwithstanding the availability of funds for dividends, however, the Federal Reserve may prohibit the payment of any dividends by the subsidiary banks if the Federal Reserve determines such payment would constitute an unsafe or unsound practice. Employee Stock Purchase Benefit Plans The Company has a stock-based compensation plan, which is described below. There were Employees who have completed one year of service are eligible to participate in the employee stock purchase plan. The number of shares of common stock granted under options will bear a uniform relationship to compensation. The plan allows employees to buy stock under options granted at of the fair market value of the stock on the date of grant. Options are vested when granted and will expire no later than from the grant date or upon termination of employment. At December 31, 2022, shares of common stock reserved for issuance under the plan totaled 25,739. The Board of Directors may suspend or discontinue the plan at its discretion. Dividend Reinvestment and Stock Purchase Plan The Company’s dividend reinvestment and stock purchase plan allows all participating stockholders the opportunity to receive additional shares of common stock in lieu of cash dividends at 95% of the fair market value on the dividend payment date. During 2022 and 2021, shares of common stock purchased under the plan , respectively. At December 31, 2022, shares of common stock reserved for issuance under the plan totaled The Board of Directors may suspend or discontinue the plan at its discretion. Stockholder Purchase Plan The Company’s stockholder purchase plan allows participating stockholders the option to purchase newly issued shares of common stock. The Board of Directors shall determine the number of shares that may be purchased pursuant to options. Options granted will expire no later than from the grant date. Each option will entitle the stockholder to purchase one share of common stock, and will be granted in proportion to stockholder share holdings. At the discretion of the Board of Directors, stockholders may be given the opportunity to purchase unsubscribed shares. There was no activity under this plan since June 23, 2000. At December 31, 2022, shares of common stock reserved for issuance under the plan totaled 183,348. The Board of Directors may suspend or discontinue the plan at its discretion. Under all three plans, options granted, exercised, and expired, shares issued and reserved, and grant prices have been restated for the effects of any stock dividends or stock splits. Regulatory Capital Requirements The Bank’s primary regulator is the Federal Deposit Insurance Corporation (“FDIC”) and is subject to regulation, supervision and regular examination by the Maryland Commissioner of Financial Regulation (the “Commissioner”) and the FDIC. The Company is subject to regulation, examination and supervision by the Federal Reserve Board under the Bank Holding Company Act of 1956, as amended (the “BHCA”), and the regulations of the Federal Reserve Board. On January 1, 2015, the Bank became subject to the new Basel III Capital Rules with full compliance with all of the final rule's requirements phased in over a multi-year schedule, to be fully phased-in by January 1, 2019. However, the new Basel III Capital Rules do not apply to the Company since it is a small bank holding company with less than $1.0 billion in total consolidated assets. In July 2013, the final rules were published establishing a new comprehensive capital framework for U.S. banking organizations. The rules implement the Basel Committee’s December 2010 framework known as “Basel III” for strengthening international capital standards as well as certain provisions of the Dodd-Frank Act. The Basel III Capital Rules substantially revise the risk-based capital requirements applicable to bank holding companies and depository institutions compared to the previous U.S. risk-based capital rules. The Basel III Capital Rules define the components of capital and address other issues affecting the numerator in banking institutions’ regulatory capital ratios. The Basel III Capital Rules also address risk weights and other issues affecting the denominator in banking institutions’ regulatory capital ratios and replace the existing risk-weighting approach with a more risk-sensitive approach. The Basel III Capital Rules also implement the requirements of Section 939A of the Dodd-Frank Act to remove references to credit ratings from the federal banking agencies’ rules. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. The Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting principles. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The rules include a new common equity Tier 1 capital to risk-weighted assets minimum ratio of 4.5%, raise the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0%, require a minimum ratio of Total Capital to risk-weighted assets of 8.0%, and require a minimum Tier 1 leverage ratio of 4.0% . A new capital conservation buffer is also established above the regulatory minimum capital requirements. This capital conservation buffer began its phase-in period beginning January 1, 2016 at on January 1, 2019. The capital conservation buffer is designed to absorb losses during periods of economic stress and, as detailed above, effectively increases the minimum required risk-weighted capital ratios. Strict eligibility criteria for regulatory capital instruments were also implemented under the final rules. The final rules also revise the definition and calculation of Tier 1 capital, Total Capital, and risk-weighted assets. The Common Equity Tier 1, Tier 1 and Total Capital ratios are calculated by dividing the respective capital amounts by risk-weighted assets. Risk-weighted assets are calculated based on regulatory requirements and include total assets, with certain exclusions, allocated by risk weight category, and certain off-balance-sheet items, among other things. The leverage ratio is calculated by dividing Tier 1 capital by adjusted quarterly average total assets, which exclude goodwill and other intangible assets, among other things. As of December 31, 2022 and 2021, the Bank was well-capitalized under the regulatory framework for prompt corrective action under the new Basel III Capital Rules. Management believes, as of December 31, 2022 and 2021, that the Bank met all capital adequacy requirements to which they were subject. The following table presents actual and required capital ratios as of December 31, 2022 and 2021 for the Bank under the Basel III Capital Rules. The minimum required capital amounts presented include the minimum required capital levels as of December 31, 2022 and December 31, 2021 based on the phase-in provisions of the Basel III Capital Rules. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. The Company and Bank are subject to regulatory capital requirements administered by federal banking agencies. Management has determined that the Company’s risk-based capital ratios are not materiality different than the Bank’s and are not reflected in the table below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well Capitalized ​ ​ ​ ​ ​ ​ ​ To Be Considered ​ Under Prompt Corrective ​ ​ Actual ​ Adequately Capitalized ​ Action Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 37,963 ​ 16.45 % $ 10,383 ​ 4.50 % $ 14,998 ​ 6.50 % Total Risk-Based Capital ​ $ 39,866 ​ 17.28 % $ 18,459 ​ 8.00 % $ 23,074 ​ 10.00 % Tier 1 Risk-Based Capital ​ $ 37,963 16.45 % $ 13,845 6.00 % $ 18,459 8.00 % Tier 1 Leverage ​ $ 37,963 ​ 9.53 % $ 15,938 ​ 4.00 % $ 19,922 ​ 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well Capitalized ​ ​ ​ ​ ​ ​ ​ To Be Considered ​ Under Prompt Corrective ​ ​ Actual ​ Adequately Capitalized ​ Action Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 37,592 ​ 15.32 % $ 11,044 ​ 4.50 % $ 15,952 ​ 6.50 % Total Risk-Based Capital ​ $ 39,329 ​ 16.03 % $ 19,634 ​ 8.00 % $ 24,542 ​ 10.00 % Tier 1 Risk-Based Capital ​ $ 37,592 15.32 % $ 14,725 6.00 % $ 19,634 8.00 % Tier 1 Leverage ​ $ 37,592 ​ 8.40 % $ 17,910 ​ 4.00 % $ 22,388 ​ 5.00 % ​

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Common Share
Earnings Per Common Share	Note 14. Earnings Per Common Share The calculation of net income per common share for the years ended December 31, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ December 31, ​ ​ 2022 2021 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 1,745,182 ​ $ 2,516,387 ​ Weighted average common shares outstanding ​ 2,859,239 ​ 2,848,465 ​ Basic net income per share ​ $ 0.61 ​ $ 0.88 ​ ​ Diluted earnings per share calculations were not required for 2022 and 2021 as there were no options outstanding at December 31, 2022 and 2021.

Fair Values of Financial Instru

Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Fair Values of Financial Instruments
Fair Values of Financial Instruments	Note 15. Fair Values of Financial Instruments ASC Topic 825, Disclosure about Fair Value of Financial Instruments , requires the disclosure of the estimated fair values of financial instruments. Quoted market prices, where available, are shown as estimates of fair values. Because no quoted market prices are available for a significant part of the Company’s financial instruments, the fair values of such instruments have been derived based on the amount and timing of future cash flows and estimated discount rates. Present value techniques used in estimating the fair value of the Company’s financial instruments are significantly affected by the assumptions used. Fair values derived from using present value techniques are not substantiated by comparisons to independent markets, and in many cases, could not be realized in immediate settlement of the instruments. ASC Topic 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The following table presents the estimated fair value and the related carrying values of the Company’s financial instruments as December 31, 2022 and 2021. Items that are not financial instruments are not included. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ (dollars in thousands) ​ Carrying ​ Fair ​ Carrying ​ Fair ​ ​ Amount Value Amount Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 2,035 ​ $ 2,035 ​ $ 2,111 ​ $ 2,111 ​ Interest-bearing deposits in other financial institutions ​ 22,680 ​ 22,680 ​ 56,434 ​ 56,434 ​ Federal funds sold ​ 5,377 ​ 5,377 ​ 3,636 ​ 3,636 ​ Investment securities available for sale ​ 144,133 ​ 144,133 ​ 155,927 ​ 155,927 ​ Investments in restricted stock ​ ​ 221 ​ ​ 221 ​ ​ 1,062 ​ ​ 1,062 ​ Ground rents ​ 131 ​ 131 ​ 131 ​ 131 ​ Loans, less allowance for credit losses ​ 184,278 ​ 177,254 ​ 207,922 ​ 211,541 ​ Accrued interest receivable ​ 1,159 ​ 1,159 ​ 1,085 ​ 1,085 ​ Cash value of life insurance ​ 8,493 ​ 8,493 ​ 8,338 ​ 8,338 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 362,947 ​ 299,773 ​ 383,247 ​ 383,910 ​ Long-term borrowings ​ — ​ — ​ 10,000 ​ 9,888 ​ Short-term borrowings ​ ​ — ​ ​ — ​ ​ 10,000 ​ ​ 10,000 ​ Accrued interest payable ​ 9 ​ 9 ​ 11 ​ 11 ​ Unrecognized financial instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to extend credit ​ 30,718 ​ 30,718 ​ 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Amount Value Level 1 Level 2 Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 30,092 ​ $ 30,092 ​ $ 30,092 — ​ $ — Loans receivable, net ​ 184,278 ​ 177,254 ​ — — ​ 177,254 Cash value of life insurance ​ 8,493 ​ 8,493 ​ — 8,493 ​ — Financial instruments - Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 362,947 ​ 299,773 ​ 48,090 251,683 ​ — ​ For purposes of the disclosures of estimated fair value, the following assumptions were used. Loans. The estimated fair value for loans is determined by discounting future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Investment securities . Fair values for investment securities are based on quoted market prices, where applicable. When quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. Deposits . The estimated fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, savings, NOW accounts and money market accounts, is equal to the amount payable on demand at the reporting date (that is, their carrying amounts). The fair value of certificates of deposit is based on the rates currently offered for deposits of similar maturities. The fair value estimates do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market. Borrowings . The estimated fair value approximates carrying value for short-term borrowings. The fair value of long-term fixed rate borrowings is estimated by discounting future cash flows using current interest rates currently offered for similar financial instruments over the same maturities. Other assets and liabilities. The estimated fair values for cash and due from banks, interest-bearing deposits in other financial institutions, Federal funds sold, accrued interest receivable and payable, and short-term borrowings are considered to approximate cost because of their short-term nature. Other assets and liabilities of the Bank that are not defined as financial instruments are not included in the above disclosures, such as property and equipment. In addition, non-financial instruments typically not recognized in the financial statements nevertheless may have value but are not included in the above disclosures. These include, among other items, the estimated earnings power of core deposit accounts, the trained work force, customer goodwill, and similar items.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Measurements
Fair Value Measurements	Note 16. Fair Value Measurements The Company follows ASC Topic 820, Fair Value Measurements which provides a framework for measuring and disclosing fair value under generally accepted accounting principles. ASC Topic 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 or on a nonrecurring basis. ASC Topic 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 Topic 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 standard describes three levels of inputs that may be used to measure fair value. The Fair Value Hierarchy Level 1 – Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 assets and liabilities generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets and liabilities. Level 2 – Valuation is based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. In determining the appropriate levels, the Company performs a detailed analysis of assets and liabilities that are subject to ASC Topic 820. The Bank’s securities available for sale and interest rate swaps are the only assets or liabilities subject to fair value measurements on a recurring basis. The Bank may also 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. Fair value measurements on a recurring and non-recurring basis at December 31, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair (dollars in thousands) Level 1 Level 2 Level 3 Value December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury ​ $ — ​ $ 6,783 ​ $ — ​ $ 6,783 State and Municipal ​ — ​ 32,297 ​ — ​ 32,297 Mortgaged-backed ​ — ​ 103,728 ​ — ​ 103,728 Corporate securities ​ ​ — ​ ​ 1,325 ​ ​ — ​ ​ 1,325 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans ​ — ​ — ​ 330 ​ 330 ​ ​ $ — ​ $ 144,133 ​ $ 330 ​ $ 144,463 December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and Municipal ​ — ​ 45,225 ​ — ​ 45,225 Mortgaged-backed ​ — ​ 109,228 ​ — ​ 109,228 Corporate securities ​ ​ — ​ ​ 1,474 ​ ​ — ​ ​ 1,474 Interest rate swap ​ ​ — ​ ​ (442) ​ ​ — ​ ​ (442) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maryland Financial Bank stock ​ — ​ — ​ 3 ​ 3 Impaired loans ​ — ​ — ​ 317 ​ 317 ​ ​ $ — ​ $ 155,485 ​ $ 320 ​ $ 155,805 ​ Securities available for sale and interest rate swaps are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. Measured on a Non-Recurring Basis: Financial Assets and Liabilities The Bank is predominantly a cash flow lender with real estate serving as collateral on a majority of loans. Loans which are deemed to be impaired and foreclosed real estate assets are primarily valued on a nonrecurring basis at the fair values of the underlying real estate collateral. The Bank determines such fair values from independent appraisals. Based on these appraisals, management has applied a specific valuation allowance allocation of Fair Value Measurements We obtain fair values for our impaired loans through a variety of data points and mostly rely on appraisals from independent appraisers. 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. We typically get independent appraisals of properties within three months from the time we determine there may be a collateral shortfall from an impaired loan. The appraisals are typically updated every 12 months from the independent appraiser and more frequently if we feel material changes in value may have occurred for this specific property. During interim periods, typically at the end of each calendar quarter, we review other data points such as a comparable from other like properties or changes in tax assessment values. Non-Financial Assets and Non-Financial Liabilities Application of ASC Topic 820 to non-financial assets and non-financial liabilities became effective January 1, 2009. The Corporation has no non-financial assets or non-financial liabilities measured at fair value on a recurring basis. Certain non-financial assets and non-financial liabilities typically measured at fair value on a non-recurring basis include foreclosed assets (upon initial recognition or subsequent impairment), non-financial assets and non-financial liabilities measured at fair value in the second step of a goodwill impairment test, and intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. Foreclosed real estate, which are considered to be non-financial assets, have been valued using a market approach. The values were determined using market prices of similar current real estate assets in the same geographical area, which the Bank considers to be level 2 inputs.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2022
Revenue Recognition
Revenue Recognition	Note 17. Revenue Recognition On January 1, 2018, the Company adopted ASU No. 2014-09 “Revenue from Contracts with Customers” (Topic 606) and all subsequent ASUs that modified Topic 606. The implementation of the new standard did not have a material impact on the measurement or recognition of revenue; as such, a cumulative effect adjustment to opening retained earnings was not deemed necessary. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting under Topic 605. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. Topic 606 is applicable to noninterest revenue streams such as deposit related fees, interchange fees and merchant income. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts. Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or at the end of the month through a direct charge to customers’ accounts. Other Noninterest Income. Other noninterest income consists of: fees, exchange, other service charges, safety deposit box rental fees, and other miscellaneous revenue streams. Fees and other service charges are primarily comprised of debit income, ATM fees, merchant services income, and other service charges. Debit card income is primarily comprised of interchange fees earned whenever the Company’s debit cards are processed through card payment networks. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. ​

Parent Company Financial Inform

Parent Company Financial Information	12 Months Ended
	Dec. 31, 2022
Parent Company Financial Information
Parent Company Financial Information	Note 18. Parent Company Financial Information The Balance Sheets, Statements of Income, and Statements of Cash Flows for Glen Burnie Bancorp (Parent Only) are presented below: ___________________________________________Balance Sheets________________________________________ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 2021 (dollars in thousands) ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 77 ​ $ 99 ​ Investment in The Bank of Glen Burnie ​ 15,975 ​ 35,614 ​ Other assets ​ 2 ​ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 16,054 ​ $ 35,716 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders’ Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders’ equity: ​ ​ ​ ​ ​ ​ ​ Common stock ​ 2,865 ​ 2,854 ​ Surplus ​ 10,862 ​ 10,759 ​ Retained earnings ​ 23,579 ​ 22,977 ​ Accumulated other comprehensive loss, net of benefits ​ (21,252) ​ (874) ​ Total stockholders’ equity ​ 16,054 ​ 35,716 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholders’ equity ​ $ 16,054 ​ $ 35,716 ​ ​ __________________________________________Statements of Income___________________________________ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 2021 (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividends and distributions from subsidiary ​ $ 1,210 ​ $ 1,200 ​ Other expenses ​ (243) ​ (245) ​ Income before income tax benefit and equity in undistributed net income of subsidiary ​ 967 ​ 955 ​ Income tax benefit ​ 39 ​ 44 ​ Change in undistributed equity of subsidiary ​ 739 ​ 1,517 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 1,745 ​ $ 2,516 ​ ​ ___________________________________Statements of Cash Flows_______________________________________ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 2021 ​ ​ (dollars in thousands) ​ Cash flows from operating activities: ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 1,745 ​ $ 2,516 ​ Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ ​ ​ ​ ​ ​ Increase in other assets ​ — ​ (3) ​ Change in undistributed equity of subsidiary ​ (739) ​ (1,517) ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by operating activities ​ 1,006 ​ 996 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ Proceeds from dividend reinvestment plan ​ 115 ​ 130 ​ Dividends paid ​ (1,143) ​ (1,138) ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ​ (1,028) ​ (1,008) ​ ​ ​ ​ ​ ​ ​ ​ ​ Decrease in cash ​ (22) ​ (12) ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, beginning of year ​ 99 ​ 111 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, end of year ​ $ 77 ​ $ 99 ​ ​

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Dec. 31, 2022
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)	Note 19. Quarterly Results of Operations (Unaudited) The following is a summary of consolidated unaudited quarterly results of operations: __________________________________________2022__________________________________ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands, ​ Three months ended except per share amounts) December 31, September 30, June 30, March 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest income ​ $ 3,458 ​ $ 3,308 ​ $ 3,030 ​ $ 2,916 Interest expense ​ 120 ​ 271 ​ 228 ​ 234 Net interest income ​ 3,338 ​ ​ 3,037 ​ ​ 2,802 ​ ​ 2,682 Provision for credit losses ​ 66 ​ 39 ​ (117) ​ (100) Net securities gains ​ — ​ 2 ​ — ​ — Gain on swap contract termination ​ ​ 206 ​ ​ — ​ ​ — ​ ​ — Income before income taxes ​ 994 ​ 395 ​ 345 ​ 251 Net income ​ 830 ​ 375 ​ 309 ​ 231 Net income per share (basic and diluted) ​ $ 0.29 ​ $ 0.13 ​ $ 0.11 ​ $ 0.08 ​ ___________________________________________2021______________________________ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands, ​ Three months ended except per share amounts) December 31, September 30, June 30, March 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest income ​ $ 3,461 ​ $ 3,605 ​ $ 3,290 ​ $ 3,161 Interest expense ​ 251 ​ 265 ​ 274 ​ 284 Net interest income ​ 3,210 ​ ​ 3,340 ​ ​ 3,016 ​ ​ 2,877 Provision for credit losses ​ (382) ​ (122) ​ (67) ​ (404) Net securities gains ​ (589) ​ 1 ​ — ​ — Income before income taxes ​ 693 ​ 1,131 ​ 570 ​ 699 Net income ​ 555 ​ 888 ​ 479 ​ 594 Net income per share (basic and diluted) ​ $ 0.19 ​ $ 0.31 ​ $ 0.17 ​ $ 0.21 ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies
Basis of presentation	Basis of Presentation The consolidated financial statements include the accounts of Glen Burnie Bancorp, The Bank of Glen Burnie and GBB Properties, Inc., a company engaged in the acquisition and disposition of other real estate. All significant intercompany transactions are eliminated in consolidation and certain reclassifications are made when necessary in order to conform the previous year’s financial statements to the current year’s presentation. In preparing the consolidated financial statements, the Company is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and revenues and expenses during the reporting periods and related disclosures. These estimates that require application of management's subjective or complex judgments often result in the need to make estimates about the effect of matters that are inherently uncertain and may change in future periods. Management has made significant estimates in several areas, including the Loans and Allowance for Credit Losses Loans and Allowance for Credit Losses Investment Securities Fair Value of Financial Instruments Pension and Profit Sharing Plans Income Taxes ). Certain amounts in the financial statements from prior periods have been reclassified to conform to the current financial statement presentation. The Parent Only financial statements (see Note 18, Parent Company Financial Information
Investment Securities	Investment Securities We classify investment securities as trading, held to maturity ("HTM"), or available for sale ("AFS") at the date of acquisition. Purchases and sales of securities are generally recorded on a trade-date basis. Investment securities that we might not hold until maturity are classified as AFS and are reported at fair value in the statement of financial condition. Fair value measurement is based upon quoted market prices in active markets, if available. If quoted prices in active markets are not available, fair value is measured using pricing models or other model-based valuation techniques such as the present value of future cash flows, which consider prepayment assumptions and other factors such as credit losses and market liquidity. Unrealized gains and losses are excluded from earnings and reported, net of tax, in other comprehensive income (“OCI”). Purchase premiums and discounts are recognized in interest income using the effective interest method over the life of the securities. Purchase premiums or discounts related to mortgage-backed securities are amortized or accreted using projected prepayment speeds. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Debt securities are classified as HTM if the Company has both the intent and ability to hold those securities to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions. These securities are carried at cost adjusted for amortization of purchase premiums and accretion of purchase discounts. Transfers of securities from available for sale to held to maturity are accounted for at fair value as of the date of the transfer. The difference between the fair value and the par value at the date of transfer is considered a premium or discount and is accounted for accordingly. Any unrealized gain or loss at the date of the transfer is reported in OCI, and is amortized over the remaining life of the security as an adjustment of yield in a manner consistent with the amortization of any premium or discount, and will offset or mitigate the effect on interest income of the amortization of the premium or discount for that held to maturity security. Impairment may result from credit deterioration of the issuer or collateral underlying the security. In performing an assessment of recoverability, all relevant information is considered, including the length of time and extent to which fair value has been less than the amortized cost basis, the cause of the price decline, credit performance of the issuer and underlying collateral, and recoveries or further declines in fair value subsequent to the balance sheet date. 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 for (or release of) 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, 2022 and 2021, the Company determined that the unrealized loss positions in AFS securities were not the result of credit losses, and therefore, an allowance for credit losses was not recorded.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock As a borrower from the Federal Home Loan Bank of Atlanta ("FHLB"), the Bank is required to purchase an amount of FHLB stock based on our outstanding borrowings with the FHLB. This stock is used as collateral to secure the borrowings from the FHLB and is accounted for as a cost-method investment. FHLB stock is an equity interest that does not necessarily have a readily determinable fair value for purposes of the ASC Topic 320, Accounting for Certain Investments in Debt and Equity Securities , because its ownership is restricted and lacks a market. FHLB stock can be sold back only at its par value of
Other Securities	Other Securities Maryland Financial Bank Dissolution Trust ("the Trust"), is a "liquidating trust" for U.S. federal income tax purposes. The sole purpose of the Trust is to liquidate the remaining assets, resolve the remaining liabilities, and to distribute the net proceeds to the Trust's beneficiaries. This is an equity interest that does not necessarily have a readily determinable fair value for purposes of the ASC Topic 320, Accounting for Certain Investments in Debt and Equity Securities , because its ownership is restricted and lacks a market. This stock was accounted for as a cost-method investment. The remaining asset was liquidated in 2022.
Loans Held for Investment	Loans Held for Investment Loans held for investment are reported at the principal amount outstanding, net of cumulative charge-offs, interest applied to principal (for loans accounted for using the cost recovery method), unamortized net deferred loan origination fees and costs and unamortized premiums or discounts on purchased loans. Interest on loans is accrued and recognized as interest income at the contractual rate of interest. When a loan is designated as held for investment, the intent is to hold these loans for the foreseeable future or until maturity or pay off. From time to time, the Company will originate loans to facilitate the sale of other real estate owned (OREO). Such loans are accounted for using the installment method and any gain on sale is deferred. The Bank financed Loan Fees and Costs Loan origination fees, commitment fees, direct loan origination costs and purchase premiums and discounts on loans are deferred and recognized as an adjustment of yield, to be amortized to interest income over the contractual term of the loan. Nonaccrual Loans Loans are placed on nonaccrual status when the full and timely collection of principal and interest is doubtful, generally when the loan becomes 90 days or more past due for principal or interest payment or if part of the principal balance has been charged off. When a loan is placed on nonaccrual status all interest previously accrued but not collected is reversed against current period interest income. All payments received on nonaccrual loans are accounted for using the cost recovery method. Under the cost recovery method, all cash collected is applied to first reduce the principal balance. A loan may be returned to accrual status if all delinquent principal and interest payments are brought current and the collectability of the remaining principal and interest payments in accordance with the loan agreement is reasonably assured. Loans that are well-secured and in the process of collection are maintained on accrual status, even if they are 90 days or more past due. Impaired Loans A loan is considered impaired when it is probable that all contractual principal and interest payments due will not be collected in accordance with the terms of the loan agreement. Factors considered by management in determining whether a loan is impaired include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. The carrying value of impaired loans is based on the present value of the loan’s expected future cash flows or, alternatively, the observable market price of the loan or the fair value of the collateral. Troubled Debt Restructurings A loan is accounted for and reported as a troubled debt restructuring (“TDR”) when, for economic or legal reasons, we grant a concession to a borrower experiencing financial difficulty that we would not otherwise consider. Management strives to identify borrowers in financial difficulty early and works with them to modify to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. A restructuring that results in only an insignificant delay in payment is not considered a concession. A delay may be considered insignificant if the payments subject to the delay are insignificant relative to the unpaid principal or collateral value and the contractual amount due, or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the debt's original contractual maturity or original expected duration. TDRs are designated as impaired because interest and principal payments will not be received in accordance with the original contract terms. TDRs that are performing and on accrual status as of the date of the modification remain on accrual status. TDRs that are nonperforming as of the date of modification generally remain as nonaccrual until the prospect of future payments in accordance with the modified loan agreement is reasonably assured, generally demonstrated when the borrower maintains compliance with the restructured terms for a predetermined period, normally at least six months. TDRs with temporary below-market concessions remain designated as a TDR and impaired regardless of the accrual or performance status until the loan is paid off. However, if the TDR loan has been modified in a subsequent restructure with market terms and the borrower is not currently experiencing financial difficulty, then the loan may be de-designated as a TDR.
Allowance for Credit Losses - Loans Receivable	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 the CECL methodology. Prior to January 1, 2021, the calculation was based on incurred loss methodology. See Note 4, Loans 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 - loans and the reserve for unfunded commitments. The estimate of expected credit losses under the CECL methodology is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. We then consider whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not exist over the period that historical experience was based for each loan type. Finally, we consider forecasts about future economic conditions or changes in collateral values that are reasonable and supportable. Portfolio segment is defined as the level at which the Company develops and documents a systematic methodology to determine its ACL. The Company has designated three loan portfolio segments: loans secured by real estate, commercial and industrial loans, and consumer loans. These loan portfolio segments are further disaggregated into classes, which represent loans of similar type, risk characteristics, and methods for monitoring and assessing credit risk. The loans secured by real estate portfolio segment is disaggregated into five classes: construction and land, farmland, 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”). Impaired Loans The specific credit allocations are based on regular analysis of all loans over a fixed-dollar amount where the internal credit rating is at or below a predetermined classification. When a loan is identified as impaired, impairment is measured based on net realizable value, and the recorded investment balance of the loan. For impaired loans, we recognize impairment if we determine that the net realizable value of the impaired loan is less than the recorded investment of the loan (net of previous charge-offs and deferred loan fees and costs), except when the sole remaining source of collection is the underlying collateral. In these cases, impairment is measured as the difference between the recorded investment balance of the loan and the fair value of the collateral. The fair value of the collateral is adjusted for the estimated cost to sell if repayment or satisfaction of a loan is dependent on the sale (rather than only on the operation) of the collateral. Once the impairment amount is determined, an asset-specific allowance is provided that is equal to the calculated impairment and included in the allowance for credit losses - loans. If the calculated impairment is determined to be permanent or not recoverable, the impairment will be charged off. Factors considered by management in determining if impairment is permanent or not recoverable include whether management judges the loan to be uncollectible, repayment is deemed to be protracted beyond reasonable time frames or the loss becomes evident owing to the borrower’s lack of assets. Estimate of Probable Credit Losses - Loans 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.
Reserve for Unfunded Commitments	​ ​ ​ Reserve for Unfunded Commitments The Company maintains a separate allowance for losses on unfunded loan commitments, which is included in accrued expenses and other liabilities on the consolidated statements of financial condition. The reserve for unfunded commitments (off-balance sheet financial instruments) is established through a provision for credit losses -  unfunded commitments, the changes of which are recorded in noninterest expense. The reserve for unfunded commitments is an amount that management believes will be adequate to absorb probable losses inherent in existing commitments, including unused portions of revolving lines of credit and other loans, standby letters of credit, and unused deposit account overdraft privileges. The reserve for unfunded commitments is based on evaluations of the collectability, and prior loss experience of unfunded commitments. The evaluations take into consideration such factors as changes in the nature and size of the loan portfolio, overall loan portfolio quality, loan concentrations, specific problem loans and related unfunded commitments, and current economic conditions that may affect the borrower’s or depositor’s ability to pay.
Other Real Estate Owned	Other Real Estate Owned Other real estate owned ("OREO") represents real estate acquired in partial or total satisfaction of debts previously contracted with the Company, generally through the foreclosure of loans. These properties are initially recorded at the net realizable value (fair value of collateral less estimated costs to sell). Upon transfer of a loan to OREO, an appraisal is obtained and any excess of the loan balance over the net realizable value is charged against the allowance for credit losses - loans. Subsequent declines in net realizable value identified from the ongoing analysis of such properties as well as gains and losses realized from the sale of OREO are recognized in current period earnings within noninterest expense as foreclosed property expense. The net realizable value of these assets is reviewed and updated as circumstances warrant. Loans transferred to OREO through foreclosure proceedings totaled for the year ended December 31, 2021, and 2022.
Premises and Equipment	Premises and Equipment Bank premises and equipment are stated at cost less accumulated depreciation and depreciated over the estimated useful life of the related asset or the term of the lease using the straight-line method. Expenditures for improvements that extend the life of an asset are capitalized and depreciated over the asset’s remaining useful life. Gains or losses realized on the disposition of premises and equipment are reflected in the consolidated statements of income. Expenditures for repairs and maintenance are charged to occupancy and equipment expense as incurred. Computer software is recorded at cost and amortized over three . Management periodically evaluates the carrying value of long-lived assets and certain identifiable intangibles, including goodwill, furniture and equipment and leasehold improvements for impairment.
Income Taxes	Income Taxes Our income tax expense, and deferred tax assets and liabilities reflect management’s best assessment of estimated current and future taxes to be paid. Significant judgments and estimates are required in determining the consolidated income tax expense. Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, which will result in taxable or deductible amounts in the future. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes and are reflected as discrete tax items in the Company’s tax provision. The Company records net deferred tax assets to the extent it is believed that these assets will more likely than not be realized. In making this determination, the Company considers all available evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, and recent financial operations. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon settlement with a taxing authority. The Company files a consolidated federal income tax return and separate company state tax returns. For a more detailed description of income taxes see Note 8, Income Taxes
Interest Rate Swap Agreements	Interest Rate Swap Agreements For asset/liability management purposes, the Company periodically uses interest rate swap agreements to hedge various exposures or to modify interest rate characteristics of various balance sheet accounts. All interest rate swap agreements are recorded at fair value. The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to its likelihood of effectiveness as a hedge. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. We recognized a $0.2 million gain on cancellation of interest rate swap contracts for the year ended December 31, 2022. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings.
Fair Value Measurement	Fair Value Measurement The term "fair value" is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The Company’s approach is to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. The degree of management judgment involved in estimating the fair value of a financial instrument or other asset is dependent upon the availability of quoted market prices or observable market value inputs for internal valuation models used for estimating fair value. For financial instruments that are actively traded in the marketplace or whose values are based on readily available market data, little judgment is necessary when estimating the instrument’s fair value. When observable market prices and data are not readily available, significant management judgment often is necessary to estimate fair value. In those cases, different assumptions could result in significant changes in valuation. See Note 16, Fair Value Measurement.
Cash and Cash Equivalents	Cash and Cash Equivalents The Bank has included cash and due from banks, interest-bearing deposits in other financial institutions, and federal funds sold as cash and cash equivalents for the purpose of reporting cash flows. The carrying value of cash and cash equivalents approximates its fair value due to its short-term nature.
Earnings per share	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).
Advertising Expense	Advertising Expense Advertising costs, which we consider to be media and marketing materials, are expensed as incurred. We incurred
Bank Owned Life Insurance	Bank Owned Life Insurance The Company has purchased bank owned life insurance policies on certain current and former employees as a means to generate tax-exempt income which is used to offset a portion of current and future employee benefit costs. Bank owned life insurance is recorded at the cash surrender value of the policies. Changes in the cash surrender value are included in noninterest income.
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) Other comprehensive income includes unrealized gains and losses, net of tax, on AFS securities and derivative instruments. Unrealized gains and losses, net of tax, are excluded from net income, and are reflected as a direct charge or credit to shareholders’ equity. Comprehensive income (loss) and the related components are disclosed in the consolidated statements of comprehensive income.
Recent Accounting Pronouncements and Developments	Recent Accounting Pronouncements and Developments ASU 2016-13 "Financial Instruments - Credit Losses (Topic 326)" ("ASU 2016-13") requires an entity to utilize a new impairment model known as the current expected credit loss ("CECL") model to estimate its lifetime "expected credit loss" and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. The CECL model is expected to result in more timely recognition of credit losses. ASU 2016-13 also requires new disclosures for financial assets measured at amortized cost, loans, and available-for-sale debt securities. Entities will apply the standard's provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. ASU 2016-13, as updated, was adopted on January 1, 2021. Through the date of adoption, we held working group meetings that included individuals from various functional areas relevant to the implementation of CECL. Additionally, an assessment of our primary modeling tool was completed, which enabled us to complete parallel runs utilizing second and third quarter 2020 data, during which preliminary operational procedures and internal controls were designed. Management's working group also validated the appropriateness of, among other things, management’s decisions regarding portfolio segmentation, life of loan considerations, and reasonable and supportable forecasting methodology. The Company early adopted ASC 326 during the first quarter 2021 and based on the application of the modified retrospective method, it became effective on January 1, 2021 for all financial assets measured at amortized cost (primarily loans receivable) and off-balance-sheet credit exposures. Results for reporting periods beginning after January 1, 2021 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a decrease to retained earnings of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CECL ​ ​ ​ ​ December 31, 2020 ​ Adoption Impact ​ January 1, 2021 (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ 10 ​ $ 16 ​ $ 26 Farmland ​ ​ 2 ​ ​ 9 ​ ​ 11 Single-family residential ​ ​ 512 ​ ​ 854 ​ ​ 1,366 Multi-family ​ ​ 39 ​ ​ 63 ​ ​ 102 Commercial ​ ​ 218 ​ ​ 199 ​ ​ 417 Total loans secured by real estate ​ ​ 781 ​ ​ 1,141 ​ ​ 1,922 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 67 ​ ​ 120 ​ ​ 187 SBA guaranty ​ ​ 48 ​ ​ (6) ​ ​ 42 Total commercial and industrial loans ​ ​ 115 ​ ​ 114 ​ ​ 229 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ 11 ​ ​ 46 ​ ​ 57 Automobile ​ ​ 569 ​ ​ 273 ​ ​ 842 Total consumer loans ​ ​ 580 ​ ​ 319 ​ ​ 899 Total allowance for loan losses ​ ​ 1,476 ​ ​ 1,574 ​ ​ 3,050 Reserve for unfunded commitments ​ ​ 33 ​ ​ 457 ​ ​ 490 Total allowance for credit losses ​ $ 1,509 ​ $ 2,031 ​ $ 3,540 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ Total pre-tax impact ​ ​ ​ ​ $ 2,031 ​ ​ ​ Tax effect ​ ​ ​ ​ ​ (559) ​ ​ ​ Decrease to retained earnings ​ ​ ​ ​ $ 1,472 ​ ​ ​ ​ ASU 2019-12, “Simplifying the Accounting for Income Taxes (Topic 740).” in December 2019. The amendments in this update are meant to simplify the accounting for income taxes by removing certain exceptions to GAAP. The amendments also improve consistent application of and simplify GAAP by modifying and/or revising the accounting for certain income tax transactions and by clarifying certain existing codification. The amendments in the update are effective for public business entities for fiscal years and interim periods within those fiscal years beginning after December 15, 2020. The adoption of this guidance did not have a material impact upon the Company’s financial position and results of operations. ASU 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions Between Topic 321, Topic 323, and Topic 815 (a Consensus of the Emerging Issues Task Force).” The ASU clarifies the interaction between ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities and the ASU on equity method investments. ASU 2016-01 provides companies with an alternative to measure certain equity securities without a readily determinable fair value at cost, minus impairment, if any, unless an observable transaction for an identical or similar security occurs. ASU 2020-01 clarifies that for purposes of applying the Topic 321 measurement alternative, an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting under Topic 323, immediately before applying or upon discontinuing the equity method. In addition, the new ASU provides direction that a company should not consider whether the underlying securities would be accounted for under the equity method or the fair value option when it is determining the accounting for certain forward contracts and purchased options, upon either settlement or exercise. The amendments in this update become effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted, and the amendments are to be applied prospectively. There was no material impact from adopting the new guidance on the Company’s consolidated financial statements. ASU No. 2020-04, “Reference Rate Reform (Topic 848).” The ASU provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. It provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this update are effective for all entities as of March 12, 2020 through December 31, 2022. ASU No. 2020-08, “Codification Improvements to Subtopic 310-20, Receivables-Nonrefundable Fees and Other Costs.” The amendments in this update clarify that an entity should reevaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. The amendments in this update are effective beginning after December 15, 2020. The adoption of the guidance did not have a material impact on the Company's consolidated financial statements. ASU No. 2020-10, “Codification Improvements.” The ASU improves reporting consistency by amending the Codification to include all disclosure guidance in the appropriate disclosure sections. It clarifies the application of various provisions in the Codification by amending and adding new headings, cross referencing to other guidance, and refining or correcting terminology. The amendments are effective for annual periods beginning after December 15, 2020, and early application is permitted. The adoption of the guidance did not have a material impact on the Company's consolidated financial statements. ASU No. 2021-01, “Reference Rate Reform (Topic 848): Scope.” The ASU clarifies that all derivative instruments affected by changes to the interest rates used for discounting, margining, or contract price alignment due to reference rate reform are in the scope of ASC 848. Entities may apply certain optional expedients in ASC 848 to derivative instruments that do not reference LIBOR or another rate expected to be discontinued as a result of reference rate reform if there is a change to the interest rate used for discounting, margining or contract price alignment. The ASU also clarifies other aspects of ASC 848 and provides new guidance on how to address the effects of the cash compensation adjustment that is provided as part of the above change on certain aspects of hedge accounting. The ASU is intended to reduce diversity in practice related to accounting for (1) modifications to the terms of affected derivatives; and (2) existing hedging relationships in which the affected derivatives are designated as hedging instruments. ASU 2021-01 is effective upon issuance and generally can be applied through December 31, 2022. Entities may elect to apply the guidance on contract modifications either (1) retrospectively as of any date from the beginning of any interim period that includes March 12, 2020; or (2) prospectively to new modifications from any date in an interim period that includes or is after January 7, 2021, up to the date that financial statements are available to be issued. There was no material impact from adopting the new guidance on the Company’s consolidated financial statements. 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. ​

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies
Cumulative effect of of adopting ASC 326 to retained earnings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CECL ​ ​ ​ ​ December 31, 2020 ​ Adoption Impact ​ January 1, 2021 (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ 10 ​ $ 16 ​ $ 26 Farmland ​ ​ 2 ​ ​ 9 ​ ​ 11 Single-family residential ​ ​ 512 ​ ​ 854 ​ ​ 1,366 Multi-family ​ ​ 39 ​ ​ 63 ​ ​ 102 Commercial ​ ​ 218 ​ ​ 199 ​ ​ 417 Total loans secured by real estate ​ ​ 781 ​ ​ 1,141 ​ ​ 1,922 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 67 ​ ​ 120 ​ ​ 187 SBA guaranty ​ ​ 48 ​ ​ (6) ​ ​ 42 Total commercial and industrial loans ​ ​ 115 ​ ​ 114 ​ ​ 229 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ 11 ​ ​ 46 ​ ​ 57 Automobile ​ ​ 569 ​ ​ 273 ​ ​ 842 Total consumer loans ​ ​ 580 ​ ​ 319 ​ ​ 899 Total allowance for loan losses ​ ​ 1,476 ​ ​ 1,574 ​ ​ 3,050 Reserve for unfunded commitments ​ ​ 33 ​ ​ 457 ​ ​ 490 Total allowance for credit losses ​ $ 1,509 ​ $ 2,031 ​ $ 3,540 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ Total pre-tax impact ​ ​ ​ ​ $ 2,031 ​ ​ ​ Tax effect ​ ​ ​ ​ ​ (559) ​ ​ ​ Decrease to retained earnings ​ ​ ​ ​ $ 1,472 ​ ​ ​ ​

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Investment Securities
Schedule of summary of investment securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 17,596 ​ $ 7 ​ $ (2,348) ​ $ 15,255 Agency mortgage-backed securities ​ 58,801 ​ — ​ (6,908) ​ 51,893 Municipal securities ​ ​ 43,092 ​ ​ 1 ​ ​ (10,796) ​ ​ 32,297 U.S. Government agency securities ​ ​ 45,471 ​ ​ — ​ ​ (8,891) ​ ​ 36,580 Corporate securities ​ ​ 1,500 ​ ​ — ​ ​ (175) ​ ​ 1,325 U.S. Treasury securities ​ 6,993 ​ — ​ (210) ​ 6,783 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 173,453 ​ $ 8 ​ $ (29,328) ​ $ 144,133 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 U.S. Government agency securities ​ ​ 32,616 ​ ​ 4 ​ ​ (1,269) ​ ​ 31,351 Corporate securities ​ 1,500 ​ ​ — ​ ​ (26) ​ ​ 1,474 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 8,315 ​ $ (364) ​ $ 6,127 ​ $ (1,984) ​ $ 14,442 ​ $ (2,348) Agency mortgage-backed securities ​ ​ 20,029 ​ ​ (1,308) ​ ​ 31,865 ​ ​ (5,600) ​ ​ 51,894 ​ ​ (6,908) Municipal securities ​ ​ 18,456 ​ ​ (5,438) ​ ​ 13,340 ​ ​ (5,358) ​ ​ 31,796 ​ ​ (10,796) U.S. Government agency securities ​ 13,526 ​ ​ (474) ​ ​ 22,767 ​ ​ (8,417) ​ ​ 36,293 ​ ​ (8,891) Corporate securities ​ ​ — ​ ​ — ​ ​ 1,325 ​ ​ (175) ​ ​ 1,325 ​ ​ (175) U.S. Treasury securities ​ 6,783 ​ (210) ​ — ​ — ​ 6,783 ​ (210) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 67,109 ​ $ (7,794) ​ $ 75,424 ​ $ (21,534) ​ $ 142,533 ​ $ (29,328) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) U.S. Government agency securities ​ ​ 13,976 ​ ​ (420) ​ ​ 15,942 ​ ​ (849) ​ ​ 29,918 ​ ​ (1,269) Corporate securities ​ 1,474 ​ (26) ​ — ​ — ​ 1,474 ​ (26) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 84,079 ​ $ (1,234) ​ $ 17,015 ​ $ (871) ​ $ 101,094 ​ $ (2,105) ​
Schedule of contractual maturities of investment securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ ​ Amortized ​ Fair (dollars in thousands) Cost Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due within one year ​ $ — ​ $ — Due over one to five years ​ 22,235 ​ 21,505 Due over five to ten years ​ 15,891 ​ 13,348 Due over ten years ​ 58,930 ​ 42,132 Collateralized mortgage obligations ​ ​ 17,596 ​ ​ 15,255 Agency mortgage-backed securities ​ 58,801 ​ 51,893 ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 173,453 ​ $ 144,133 ​

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses - Loans (Tables)	12 Months Ended
	Dec. 31, 2022
Loans and Allowance for Credit Losses - Loans
Schedule of major categories of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) ​ 2022 ​ 2021 Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ Construction and land ​ $ 4,499 ​ $ 4,087 Farmland ​ ​ 333 ​ ​ 342 Single-family residential ​ ​ 80,251 ​ ​ 78,119 Multi-family ​ ​ 5,304 ​ ​ 5,428 Commercial ​ ​ 42,936 ​ ​ 48,729 Total loans secured by real estate ​ ​ 133,323 ​ ​ 136,705 Commercial and Industrial ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 8,990 ​ ​ 10,003 SBA guaranty ​ 6,158 ​ 6,397 Comm SBA PPP ​ ​ — ​ ​ 1,047 Total commercial and industrial loans ​ ​ 15,148 ​ ​ 17,447 Consumer Loans ​ ​ ​ ​ ​ ​ Consumer ​ 1,521 ​ 2,090 Automobile ​ 36,448 ​ 54,150 Total consumer loans ​ 37,969 ​ 56,240 ​ ​ ​ ​ ​ ​ ​ Loans, net of deferred fees and costs ​ ​ 186,440 ​ ​ 210,392 Less: Allowance for credit losses ​ ​ (2,162) ​ ​ (2,470) Loans, net ​ $ 184,278 ​ $ 207,922 ​
Schedule of amount due from directors and other related parties	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ Balance at beginning of year ​ $ — ​ $ 276 Additions ​ 1,078 ​ 90 Repayments ​ ​ (1,078) ​ ​ (366) Balance at end of year ​ $ — ​ $ — ​
Schedule of allowance for loan loss and the unearned income on loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ December 31, 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 ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ (200) ​ ​ (9) ​ ​ — ​ ​ (14) ​ ​ (169) ​ ​ (392) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 8 ​ 188 ​ 196 Release for credit losses ​ 39 ​ 9 ​ (127) ​ (2) ​ (57) ​ 259 ​ 1 ​ — ​ (7) ​ (227) ​ (112) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of year ​ $ 44 ​ $ 20 ​ $ 1,230 ​ $ 103 ​ $ 221 ​ $ 174 ​ $ 22 ​ $ — ​ $ 23 ​ $ 325 ​ $ 2,162 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ — ​ $ — ​ $ 20 ​ $ — ​ $ — ​ $ 59 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 79 Related loan balance ​ — ​ — ​ 34 ​ — ​ — ​ 300 ​ — ​ — ​ — ​ — ​ 334 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance in allowance ​ $ 44 ​ $ 20 ​ $ 1,210 ​ $ 103 ​ $ 221 ​ $ 115 ​ $ 22 ​ $ — ​ $ 23 ​ $ 325 ​ $ 2,083 Related loan balance ​ 4,499 ​ 333 ​ 80,217 ​ 5,304 ​ 42,936 ​ 8,690 ​ 6,158 ​ — ​ 1,521 ​ 36,448 ​ 186,106 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ 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 for credit losses ​ (11) ​ — ​ 95 ​ 43 ​ 79 ​ (6) ​ 36 ​ — ​ (8) ​ 271 ​ (975) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of 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 non accrual loans	The following table rolls forward the Company’s activity for nonaccrual loans during the years 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ ​ ​ Single-family ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Multi-family ​ Commercial ​ and Industrial SBA Guaranty ​ Consumer ​ Automobile ​ ​ Total (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 $ 270 ​ $ — ​ $ 4,029 ​ $ — ​ $ — ​ ​ $ 34 ​ $ 179 ​ $ 4,512 Transfers into nonaccrual ​ ​ ​ 920 ​ ​ ​ 71 ​ ​ 1 ​ 291 ​ 1,283 Loans paid down/payoffs ​ (147) ​ $ — ​ ​ (3,987) ​ $ — ​ $ — ​ ​ ​ (1) ​ ​ (83) ​ ​ (4,218) Loans returned to accrual status — ​ ​ — ​ ​ (962) ​ ​ — ​ ​ — ​ ​ ​ (34) ​ ​ — ​ ​ (996) Loans charged off — ​ — ​ — ​ — ​ — ​ ​ — ​ (243) ​ (243) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 $ 123 ​ $ — ​ $ — ​ $ — ​ $ 71 ​ ​ $ — ​ $ 144 ​ $ 338 Transfers into nonaccrual 31 ​ ​ — ​ 502 ​ — ​ ​ 11 ​ 207 ​ 751 Loans paid down/payoffs ​ (50) ​ $ — ​ ​ — ​ ​ (3) ​ $ (61) ​ ​ ​ (11) ​ ​ (105) ​ ​ (230) Loans returned to accrual status ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ — ​ ​ (29) ​ ​ (29) Loans charged off — ​ — ​ — ​ (200) ​ (10) ​ ​ — ​ (132) ​ (342) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 $ 104 ​ $ — ​ $ — ​ $ 299 ​ $ — ​ ​ $ — ​ $ 85 ​ $ 488 ​
Schedule of risk ratings of loans by categories of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate ​ Commercial and Industrial Loans ​ Consumer Loans ​ ​ December 31, 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 ​ $ 4,499 ​ $ 333 ​ $ 80,147 ​ $ 5,304 ​ $ 42,936 ​ $ 8,691 ​ $ 6,158 ​ $ — ​ $ 1,521 ​ $ 36,363 ​ $ 185,952 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ 104 ​ ​ — ​ ​ — ​ ​ 299 ​ ​ — ​ ​ — ​ ​ — ​ ​ 80 ​ ​ 483 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5 ​ ​ 5 Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 4,499 ​ $ 333 ​ $ 80,251 ​ $ 5,304 ​ $ 42,936 ​ $ 8,990 ​ $ 6,158 ​ $ — ​ $ 1,521 ​ $ 36,448 ​ $ 186,440 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonaccrual ​ $ — ​ $ — ​ $ 104 ​ $ — ​ $ — ​ $ 299 ​ $ — ​ $ — ​ $ — ​ $ 85 ​ $ 488 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 ​
Schedule of information about credit quality indicators	The following tables provide information about credit quality indicators by the year of origination at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Origination Year ​ ​ (dollars in thousands) 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Total December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 11,941 ​ $ 17,685 ​ $ 10,337 ​ $ 9,852 ​ $ 12,670 ​ $ 70,838 ​ $ 133,323 Special mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 104 ​ ​ 104 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 11,941 ​ $ 17,685 ​ $ 10,337 ​ $ 9,852 ​ $ 12,670 ​ $ 70,838 ​ $ 133,323 Commercial and Industrial Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 1,468 ​ $ 449 ​ $ 4,056 ​ $ 875 ​ $ 3,581 ​ $ 4,420 ​ $ 14,849 Special mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ 299 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 299 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 1,468 ​ $ 748 ​ $ 4,056 ​ $ 875 ​ $ 3,581 ​ $ 4,420 ​ $ 15,148 Consumer Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 6,573 ​ $ 8,632 ​ $ 5,187 ​ $ 6,792 ​ $ 8,113 ​ $ 2,587 ​ $ 37,884 Special mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ 27 ​ ​ 13 ​ ​ — ​ ​ 40 ​ ​ 5 ​ ​ 85 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 6,573 ​ $ 8,659 ​ $ 5,200 ​ $ 6,792 ​ $ 8,153 ​ $ 2,592 ​ $ 37,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Origination Year ​ ​ (dollars in thousands) 2021 ​ 2020 ​ 2019 ​ 2018 ​ 2017 ​ Prior ​ Total December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured By Real Estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 16,498 ​ $ 12,135 ​ $ 10,671 ​ $ 13,558 ​ $ 6,715 ​ $ 73,568 ​ $ 133,145 Special mention ​ — ​ ​ — ​ ​ — ​ ​ 787 ​ ​ — ​ ​ 2,650 ​ ​ 3,437 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 123 ​ ​ 123 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 16,498 ​ $ 12,135 ​ $ 10,671 ​ $ 14,345 ​ $ 6,715 ​ $ 76,341 ​ $ 136,705 Commercial and Industrial Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 2,766 ​ $ 4,172 ​ $ 1,066 ​ $ 4,128 ​ $ 1,198 ​ $ 4,046 ​ $ 17,376 Special mention ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 71 ​ ​ 71 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 2,766 ​ $ 4,172 ​ $ 1,066 ​ $ 4,128 ​ $ 1,198 ​ $ 4,117 ​ $ 17,447 Consumer Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 12,270 ​ $ 8,222 ​ $ 11,176 ​ $ 16,706 ​ $ 4,908 ​ $ 2,808 ​ $ 56,090 Special mention ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 Substandard ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonaccrual ​ 28 ​ ​ 5 ​ ​ 38 ​ ​ 40 ​ ​ 29 ​ ​ 4 ​ ​ 144 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ 12,298 ​ $ 8,227 ​ $ 11,214 ​ $ 16,752 ​ $ 4,937 ​ $ 2,812 ​ $ 56,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of current, past due, and nonaccrual loans by categories of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days or ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ More and ​ ​ ​ ​ ​ ​ December 31, 2022 Current Past Due Still Accruing Nonaccrual Total (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ 4,499 ​ $ — ​ $ — ​ $ — ​ $ 4,499 Farmland ​ ​ 333 ​ ​ — ​ ​ — ​ ​ — ​ ​ 333 Single-family residential ​ ​ 79,952 ​ ​ 185 ​ ​ 10 ​ ​ 104 ​ ​ 80,251 Multi-family ​ 5,304 ​ — ​ — ​ — ​ 5,304 Commercial ​ ​ 42,936 ​ ​ — ​ ​ — ​ ​ — ​ ​ 42,936 Total loans secured by real estate ​ ​ 133,024 ​ ​ 185 ​ ​ 10 ​ ​ 104 ​ ​ 133,323 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 8,691 ​ ​ — ​ ​ — ​ ​ 299 ​ ​ 8,990 SBA guaranty ​ ​ 6,158 ​ ​ — ​ ​ — ​ ​ — ​ ​ 6,158 Comm SBA PPP ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial loans ​ ​ 14,849 ​ ​ — ​ ​ — ​ ​ 299 ​ ​ 15,148 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ 1,521 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,521 Automobile ​ ​ 36,037 ​ ​ 326 ​ ​ — ​ ​ 85 ​ ​ 36,448 Total consumer loans ​ ​ 37,558 ​ ​ 326 ​ ​ — ​ ​ 85 ​ ​ 37,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 185,431 ​ $ 511 ​ $ 10 ​ $ 488 ​ $ 186,440 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days or ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ More and ​ ​ ​ ​ ​ ​ December 31, 2021 Current Past Due Still Accruing Nonaccrual Total (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid Interest ​ ​ Average December 31, 2022 ​ Recorded ​ Principal ​ Income ​ Specific ​ Recorded (dollars in thousands) ​ Investment ​ Balance ​ Recognized ​ Reserve ​ Investment Impaired loans with specific reserves: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Farmland ​ — ​ — ​ — ​ — ​ — Single-family residential ​ 14 ​ 34 ​ 2 ​ 20 ​ 48 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total loans secured by real estate ​ ​ 14 ​ ​ 34 ​ ​ 2 ​ ​ 20 ​ ​ 48 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 240 ​ ​ 299 ​ ​ 19 ​ ​ 59 ​ ​ 499 SBA guaranty ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial loans ​ ​ 240 ​ ​ 299 ​ ​ 19 ​ ​ 59 ​ ​ 499 Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Automobile ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total consumer loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total impaired loans with specific reserves ​ $ 254 ​ $ 333 ​ $ 21 ​ $ 79 ​ $ 547 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no specific reserve: ​ ​ ​ ​ ​ Loans Secured by Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ $ — ​ $ — ​ $ — ​ $ n/a ​ $ — Farmland ​ — ​ — ​ — ​ n/a ​ — Single-family residential ​ 70 ​ 70 ​ 2 ​ n/a ​ 79 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total loans secured by real estate ​ ​ 70 ​ ​ 70 ​ ​ 2 ​ ​ — ​ ​ 79 Commercial and Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — SBA guaranty ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Total commercial and industrial loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ — Automobile ​ ​ 85 ​ ​ 85 ​ ​ 6 ​ ​ n/a ​ ​ 107 Total consumer loans ​ ​ 85 ​ ​ 85 ​ ​ 6 ​ ​ n/a ​ ​ 107 Total impaired loans with no specific reserve ​ $ 155 ​ $ 155 ​ $ 8 ​ $ — ​ $ 186 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid Interest ​ ​ Average December 31, 2021 ​ Recorded ​ Principal ​ Income ​ Specific ​ Recorded (dollars in thousands) ​ 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

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Premises and Equipment
Schedule of summary of premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Useful December 31, ​ ​ lives ​ 2022 ​ 2021 (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ $ 685 ​ $ 685 Buildings 5-50 years ​ 6,781 ​ 6,723 Equipment and fixtures 5-30 years ​ 8,515 ​ 8,354 Construction in progress ​ 71 ​ 36 Operating Lease Assets ​ ​ ​ ​ 366 ​ ​ 478 ​ ​ 16,418 ​ 16,276 Accumulated depreciation ​ (13,141) ​ (12,712) ​ ​ ​ ​ ​ $ 3,277 ​ $ 3,564 ​
Schedule of future minimum payments of the Banks operating leases	Future minimum payments of the Bank’s operating leases as of December 31, 2022 are as follows: ​ ​ ​ ​ ​ Year ending December 31, Amount ​ ​ (dollars in thousands) 2023 ​ $ 188 2024 ​ 167 2025 ​ ​ 10 2026 ​ ​ 8 2027 ​ ​ 4 Thereafter ​ — Total ​ $ 377

Federal Home Loan Bank, Short_2

Federal Home Loan Bank, Short- and Long-term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Federal Home Loan Bank, Short- and Long-term Borrowings
Schedule of swaps designated as cash flow hedges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ Notional ​ Pay ​ Receive ​ ​ ​ Assets/ ​ Loss ​ Assets/ ​ Loss ​ (dollars in thousands) Amount ​ Rate ​ Rate ​ Term ​ Liabilities AOCI ​ Liabilities AOCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap $ 10,000 ​ 2.105 % ​ 3M LIBOR ​ 11/2017 - 10/2022 ​ $ — $ — ​ $ (174) $ (126) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate ​ 5,000 ​ 2.235 % ​ 3M LIBOR ​ 7/2018 - 7/2023 ​ ​ — ​ — ​ ​ (136) ​ (99) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate ​ 5,000 ​ 2.246 % ​ 3M LIBOR ​ 8/2018 - 8/2023 ​ ​ — ​ — ​ ​ (132) ​ (96) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 20,000 ​ ​ ​ ​ ​ ​ ​ ​ $ — $ — ​ $ (442) $ (321) ​ ​
Schedule of total interest expense recorded on swap transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ (dollars in thousands) Bank Position ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap on FHLB advance Pay fixed/receive variable ​ $ (65) $ (194) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap on FHLB advance Pay fixed/receive variable ​ ​ (38) ​ (105) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap on FHLB advance Pay fixed/receive variable ​ ​ (47) ​ (105) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ $ (150) $ (404) ​ ​

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Deposits
Schedule of major classifications of interest-bearing deposits	The following table summarizes the major classifications of deposit balances as of the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2022 2021 ​ (dollars in thousands) ​ ​ ​ Noninterest-bearing deposits ​ $ 143,262 ​ $ 155,624 ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-bearing deposits: ​ ​ ​ ​ ​ ​ ​ Interest-bearing checking ​ ​ 40,086 ​ ​ 37,305 ​ Money Market ​ 15,791 ​ 23,103 ​ Savings ​ 113,101 ​ 106,818 ​ Time deposits, $100,000 or more ​ 19,999 ​ 24,624 ​ Time deposits below $100,000 ​ 30,708 ​ 35,773 ​ Total interest- bearing deposits ​ ​ 219,685 ​ ​ 227,623 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Deposits ​ $ 362,947 ​ $ 383,247 ​ ​
Schedule of interest expense on deposit	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 (dollars in thousands) ​ ​ ​ Interest-bearing checking ​ $ 11 ​ $ 11 ​ Money Market ​ 12 ​ 11 ​ Savings ​ 59 ​ 51 ​ Time deposits, $100,000 or more ​ 183 ​ 248 ​ Time deposits below $100,000 ​ ​ 206 ​ 288 ​ Total Interest Expense ​ $ 471 ​ $ 609 ​ ​
Schedule of scheduled maturities of time deposits	​ ​ ​ ​ ​ (dollars in thousands) ​ Amount Maturing in: ​ ​ ​ 2023 ​ $ 26,461 2024 ​ 13,664 2025 ​ 4,187 2026 ​ 3,941 2027 ​ 2,125 2027 and thereafter ​ 329 Total Time Deposits ​ $ 50,707 ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Taxes
Schedule of components of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 (dollars in thousands) ​ ​ Current income tax expense: ​ ​ Federal ​ $ 302 ​ $ 211 State ​ 148 ​ 84 ​ ​ ​ Total current tax expense ​ 450 ​ 295 ​ ​ ​ ​ ​ ​ ​ Deferred income tax expense: ​ ​ Federal ​ (147) ​ 198 State ​ (63) ​ 84 ​ ​ ​ Total deferred tax expense ​ (210) ​ 282 ​ ​ ​ ​ ​ ​ ​ Total Income tax expense ​ $ 240 ​ $ 577 ​
Schedule of reconciliation of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 (dollars in thousands) ​ ​ ​ Income tax expense at federal statutory rate ​ $ 417 ​ $ 650 ​ (Decrease) increase resulting from: ​ ​ ​ Tax-exempt income ​ (212) ​ (181) ​ Bank owned life insurance ​ ​ (33) ​ ​ (33) ​ State income taxes, net of Federal income tax benefit ​ 68 ​ 133 ​ Other ​ — ​ 8 ​ Total income tax expense ​ $ 240 ​ $ 577 ​ ​
Schedule of components of the net deferred income tax benefits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 (dollars in thousands) ​ ​ ​ Deferred income tax benefits: ​ ​ Accrued deferred compensation ​ $ 87 ​ $ 84 ​ Allowance for credit losses ​ 386 ​ 376 ​ Accumulated depreciation ​ (18) ​ (22) ​ Accrued Liabilities ​ ​ 144 ​ ​ — ​ Reserve for unfunded commitments ​ 131 ​ 102 ​ Accounting standard 310-20 ​ ​ (145) ​ ​ (144) ​ Right of use asset ​ ​ (101) ​ ​ (132) ​ Lease liability ​ ​ 101 ​ ​ 132 ​ Accumulated securities premium accretion ​ 248 ​ 228 ​ Net unrealized depreciation on investment securities available for sale ​ ​ 8,069 ​ ​ 211 ​ Net unrealized loss on Swaps ​ — ​ 121 ​ ​ ​ ​ ​ Net deferred income tax benefits ​ $ 8,902 ​ $ 956 ​ ​

Other Noninterest Expenses (Tab

Other Noninterest Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Other Noninterest Expenses.
Schedule of other operating expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2022 2021 ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ Loan related expenses ​ $ 145 ​ $ 195 ​ Other ATM expenses ​ 41 ​ 36 ​ Director, executive and audit committee fees and expenses ​ ​ 177 ​ ​ 167 ​ Postage, delivery and courier expenses ​ ​ 81 ​ ​ 70 ​ Office supplies expenses ​ ​ 38 ​ ​ 35 ​ Credit report fees ​ ​ 24 ​ ​ 38 ​ Dues and subscription fees ​ ​ 112 ​ ​ 93 ​ Examination and assessment fees ​ 51 ​ 48 ​ Federal Reserve and correspondent bank services ​ 27 ​ 30 ​ Foreclosed property expenses ​ ​ — ​ ​ 23 ​ Liability insurance ​ 109 ​ 85 ​ Provision (release) for unfunded commitments ​ ​ 107 ​ ​ (119) ​ Card services ​ ​ 114 ​ ​ 114 ​ NASDAQ registration ​ ​ 61 ​ ​ 56 ​ Investor services ​ ​ 41 ​ ​ 43 ​ Other ​ 175 ​ 195 ​ ​ ​ ​ ​ Total Other Noninterest Expense ​ $ 1,303 ​ $ 1,109 ​

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies
Schedule of outstanding loan commitments, unused lines of credit and letters of credit	Outstanding loan commitments, unused lines of credit and letters of credit are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2022 2021 ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ Loan commitments: ​ ​ ​ Other mortgage loans ​ $ 9,280 ​ $ 2,863 ​ ​ ​ ​ ​ ​ ​ ​ ​ Unused lines of credit: ​ ​ ​ Home-equity lines ​ $ 10,142 ​ $ 9,224 ​ Commercial lines ​ 10,717 ​ 15,432 ​ Unsecured consumer lines ​ 579 ​ 648 ​ ​ ​ ​ ​ ​ ​ $ 21,438 ​ $ 25,304 ​ ​ ​ ​ ​ Letters of credit: ​ $ 45 ​ $ 55 ​ ​

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity
Schedule of comparison of capital with minimum requirements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well Capitalized ​ ​ ​ ​ ​ ​ ​ To Be Considered ​ Under Prompt Corrective ​ ​ Actual ​ Adequately Capitalized ​ Action Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 37,963 ​ 16.45 % $ 10,383 ​ 4.50 % $ 14,998 ​ 6.50 % Total Risk-Based Capital ​ $ 39,866 ​ 17.28 % $ 18,459 ​ 8.00 % $ 23,074 ​ 10.00 % Tier 1 Risk-Based Capital ​ $ 37,963 16.45 % $ 13,845 6.00 % $ 18,459 8.00 % Tier 1 Leverage ​ $ 37,963 ​ 9.53 % $ 15,938 ​ 4.00 % $ 19,922 ​ 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well Capitalized ​ ​ ​ ​ ​ ​ ​ To Be Considered ​ Under Prompt Corrective ​ ​ Actual ​ Adequately Capitalized ​ Action Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common Equity Tier 1 Capital ​ $ 37,592 ​ 15.32 % $ 11,044 ​ 4.50 % $ 15,952 ​ 6.50 % Total Risk-Based Capital ​ $ 39,329 ​ 16.03 % $ 19,634 ​ 8.00 % $ 24,542 ​ 10.00 % Tier 1 Risk-Based Capital ​ $ 37,592 15.32 % $ 14,725 6.00 % $ 19,634 8.00 % Tier 1 Leverage ​ $ 37,592 ​ 8.40 % $ 17,910 ​ 4.00 % $ 22,388 ​ 5.00 %

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Common Share
Schedule of earnings per common share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ December 31, ​ ​ 2022 2021 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 1,745,182 ​ $ 2,516,387 ​ Weighted average common shares outstanding ​ 2,859,239 ​ 2,848,465 ​ Basic net income per share ​ $ 0.61 ​ $ 0.88 ​ ​

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Values of Financial Instruments
Schedule of estimated fair values of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ (dollars in thousands) ​ Carrying ​ Fair ​ Carrying ​ Fair ​ ​ Amount Value Amount Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 2,035 ​ $ 2,035 ​ $ 2,111 ​ $ 2,111 ​ Interest-bearing deposits in other financial institutions ​ 22,680 ​ 22,680 ​ 56,434 ​ 56,434 ​ Federal funds sold ​ 5,377 ​ 5,377 ​ 3,636 ​ 3,636 ​ Investment securities available for sale ​ 144,133 ​ 144,133 ​ 155,927 ​ 155,927 ​ Investments in restricted stock ​ ​ 221 ​ ​ 221 ​ ​ 1,062 ​ ​ 1,062 ​ Ground rents ​ 131 ​ 131 ​ 131 ​ 131 ​ Loans, less allowance for credit losses ​ 184,278 ​ 177,254 ​ 207,922 ​ 211,541 ​ Accrued interest receivable ​ 1,159 ​ 1,159 ​ 1,085 ​ 1,085 ​ Cash value of life insurance ​ 8,493 ​ 8,493 ​ 8,338 ​ 8,338 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 362,947 ​ 299,773 ​ 383,247 ​ 383,910 ​ Long-term borrowings ​ — ​ — ​ 10,000 ​ 9,888 ​ Short-term borrowings ​ ​ — ​ ​ — ​ ​ 10,000 ​ ​ 10,000 ​ Accrued interest payable ​ 9 ​ 9 ​ 11 ​ 11 ​ Unrecognized financial instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to extend credit ​ 30,718 ​ 30,718 ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Amount Value Level 1 Level 2 Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 30,092 ​ $ 30,092 ​ $ 30,092 — ​ $ — Loans receivable, net ​ 184,278 ​ 177,254 ​ — — ​ 177,254 Cash value of life insurance ​ 8,493 ​ 8,493 ​ — 8,493 ​ — Financial instruments - Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 362,947 ​ 299,773 ​ 48,090 251,683 ​ — ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Measurements
Schedule of fair value measurements on a recurring and non-recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair (dollars in thousands) Level 1 Level 2 Level 3 Value December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury ​ $ — ​ $ 6,783 ​ $ — ​ $ 6,783 State and Municipal ​ — ​ 32,297 ​ — ​ 32,297 Mortgaged-backed ​ — ​ 103,728 ​ — ​ 103,728 Corporate securities ​ ​ — ​ ​ 1,325 ​ ​ — ​ ​ 1,325 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans ​ — ​ — ​ 330 ​ 330 ​ ​ $ — ​ $ 144,133 ​ $ 330 ​ $ 144,463 December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and Municipal ​ — ​ 45,225 ​ — ​ 45,225 Mortgaged-backed ​ — ​ 109,228 ​ — ​ 109,228 Corporate securities ​ ​ — ​ ​ 1,474 ​ ​ — ​ ​ 1,474 Interest rate swap ​ ​ — ​ ​ (442) ​ ​ — ​ ​ (442) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-recurring: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maryland Financial Bank stock ​ — ​ — ​ 3 ​ 3 Impaired loans ​ — ​ — ​ 317 ​ 317 ​ ​ $ — ​ $ 155,485 ​ $ 320 ​ $ 155,805 ​

Parent Company Financial Info_2

Parent Company Financial Information (Tables)	12 Months Ended
	Dec. 31, 2022
Parent Company Financial Information
Schedule of balance sheets statement	___________________________________________Balance Sheets________________________________________ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 2021 (dollars in thousands) ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 77 ​ $ 99 ​ Investment in The Bank of Glen Burnie ​ 15,975 ​ 35,614 ​ Other assets ​ 2 ​ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 16,054 ​ $ 35,716 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders’ Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders’ equity: ​ ​ ​ ​ ​ ​ ​ Common stock ​ 2,865 ​ 2,854 ​ Surplus ​ 10,862 ​ 10,759 ​ Retained earnings ​ 23,579 ​ 22,977 ​ Accumulated other comprehensive loss, net of benefits ​ (21,252) ​ (874) ​ Total stockholders’ equity ​ 16,054 ​ 35,716 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholders’ equity ​ $ 16,054 ​ $ 35,716 ​ ​
Schedule of income statement	__________________________________________Statements of Income___________________________________ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 2021 (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividends and distributions from subsidiary ​ $ 1,210 ​ $ 1,200 ​ Other expenses ​ (243) ​ (245) ​ Income before income tax benefit and equity in undistributed net income of subsidiary ​ 967 ​ 955 ​ Income tax benefit ​ 39 ​ 44 ​ Change in undistributed equity of subsidiary ​ 739 ​ 1,517 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 1,745 ​ $ 2,516 ​ ​
Schedule of cash flow statement	___________________________________Statements of Cash Flows_______________________________________ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 2021 ​ ​ (dollars in thousands) ​ Cash flows from operating activities: ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 1,745 ​ $ 2,516 ​ Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ ​ ​ ​ ​ ​ Increase in other assets ​ — ​ (3) ​ Change in undistributed equity of subsidiary ​ (739) ​ (1,517) ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by operating activities ​ 1,006 ​ 996 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ Proceeds from dividend reinvestment plan ​ 115 ​ 130 ​ Dividends paid ​ (1,143) ​ (1,138) ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ​ (1,028) ​ (1,008) ​ ​ ​ ​ ​ ​ ​ ​ ​ Decrease in cash ​ (22) ​ (12) ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, beginning of year ​ 99 ​ 111 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, end of year ​ $ 77 ​ $ 99 ​

Quarterly Results of Operatio_2

Quarterly Results of Operations (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2022
Quarterly Results of Operations (Unaudited)
Schedule of summary of consolidated unaudited quarterly results of operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands, ​ Three months ended except per share amounts) December 31, September 30, June 30, March 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest income ​ $ 3,458 ​ $ 3,308 ​ $ 3,030 ​ $ 2,916 Interest expense ​ 120 ​ 271 ​ 228 ​ 234 Net interest income ​ 3,338 ​ ​ 3,037 ​ ​ 2,802 ​ ​ 2,682 Provision for credit losses ​ 66 ​ 39 ​ (117) ​ (100) Net securities gains ​ — ​ 2 ​ — ​ — Gain on swap contract termination ​ ​ 206 ​ ​ — ​ ​ — ​ ​ — Income before income taxes ​ 994 ​ 395 ​ 345 ​ 251 Net income ​ 830 ​ 375 ​ 309 ​ 231 Net income per share (basic and diluted) ​ $ 0.29 ​ $ 0.13 ​ $ 0.11 ​ $ 0.08 ​ ___________________________________________2021______________________________ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands, ​ Three months ended except per share amounts) December 31, September 30, June 30, March 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest income ​ $ 3,461 ​ $ 3,605 ​ $ 3,290 ​ $ 3,161 Interest expense ​ 251 ​ 265 ​ 274 ​ 284 Net interest income ​ 3,210 ​ ​ 3,340 ​ ​ 3,016 ​ ​ 2,877 Provision for credit losses ​ (382) ​ (122) ​ (67) ​ (404) Net securities gains ​ (589) ​ 1 ​ — ​ — Income before income taxes ​ 693 ​ 1,131 ​ 570 ​ 699 Net income ​ 555 ​ 888 ​ 479 ​ 594 Net income per share (basic and diluted) ​ $ 0.19 ​ $ 0.31 ​ $ 0.17 ​ $ 0.21

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
FHLB stock sold back at par value	$ 100	$ 100
Sales of OREO		$ 0	$ 0
Loans transferred to OREO through foreclosure proceedings	$ 0	0	$ 0
Gain on cancellation of interest rate swap contracts	$ 206,000	$ 206,000
Minimum | Computer software
Amortized cost, useful life		3 years
Maximum | Computer software
Amortized cost, useful life		5 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Advertising Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Summary of Significant Accounting Policies
Advertising expense	$ 0.1	$ 0.1

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jan. 01, 2021	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		$ 2,162	[1]	$ 2,470	[1]	$ 1,476
Reserve for unfunded commitments						33
Total allowance for credit losses						1,509
Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	$ 1,574
Reserve for unfunded commitments	457
Total allowance for credit losses	2,031
Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	3,050
Reserve for unfunded commitments	490
Total allowance for credit losses	3,540
Real Estate Loan
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses						781
Real Estate Loan | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	1,141
Real Estate Loan | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	1,922
Real Estate Loan | Construction and Land
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		44		5		10
Real Estate Loan | Construction and Land | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	16
Real Estate Loan | Construction and Land | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	26
Real Estate Loan | Farmland
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		20		11		2
Real Estate Loan | Farmland | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	9
Real Estate Loan | Farmland | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	11
Real Estate Loan | Single-family Residential
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		1,230		1,357		512
Real Estate Loan | Single-family Residential | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	854
Real Estate Loan | Single-family Residential | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	1,366
Real Estate Loan | Multi-family
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		103		105		39
Real Estate Loan | Multi-family | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	63
Real Estate Loan | Multi-family | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	102
Real Estate Loan | Commercial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		221		278		218
Real Estate Loan | Commercial | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	199
Real Estate Loan | Commercial | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	417
Commercial and Industrial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses						115
Commercial and Industrial | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	114
Commercial and Industrial | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	229
Commercial and Industrial | Commercial and Industrial
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		174		115		67
Commercial and Industrial | Commercial and Industrial | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	120
Commercial and Industrial | Commercial and Industrial | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	187
Commercial and Industrial | SBA Guaranty
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		22		30		48
Commercial and Industrial | SBA Guaranty | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	(6)
Commercial and Industrial | SBA Guaranty | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	42
Consumer Loans
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses						580
Consumer Loans | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	319
Consumer Loans | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	899
Consumer Loans | Consumer
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		23		36		11
Consumer Loans | Consumer | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	46
Consumer Loans | Consumer | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	57
Consumer Loans | Automobile
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses		$ 325		$ 533		$ 569
Consumer Loans | Automobile | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	273
Consumer Loans | Automobile | Adjusted balance | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Allowance for loan losses	842
Retained Earnings | Adjustment | ASU 2016-13
RECENT ACCOUNTING PRONOUNCEMENTS
Total allowance for credit losses	2,031
Allowance for credit losses, tax effect	(559)
Allowance for credit losses net of tax	$ 1,472
[1] Effective January 1, 2021, the Company applied ASU 2016-13, Financial Instruments – Credit Losses (“ASC 326”) , such that the allowance calculation is based on current expected credit loss methodology (“CECL”). Prior to January 1, 2021, the calculation was based on incurred loss methodology. See Note 4 “Loans and Allowance for Losses on Loans” for details.

Restrictions on Cash and Amou_2

Restrictions on Cash and Amounts Due From Banks (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Restrictions on Cash and Amounts Due from Banks
Deposit liabilities reserves average	$ 0	$ 0

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Market Value of Securities Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Investment Securities
Amortized Cost	$ 173,453	$ 156,692
Gross Unrealized Gains	8	1,340
Gross Unrealized Losses	(29,328)	(2,105)
Fair Value	144,133	155,927
Trading securities	0	0
Held to maturity	0	0
Collateralized mortgage obligations
Investment Securities
Amortized Cost	17,596	21,730
Gross Unrealized Gains	7	169
Gross Unrealized Losses	(2,348)	(211)
Fair Value	15,255	21,688
Agency mortgage-backed securities
Investment Securities
Amortized Cost	58,801	56,252
Gross Unrealized Gains		356
Gross Unrealized Losses	(6,908)	(419)
Fair Value	51,893	56,189
Municipal securities
Investment Securities
Amortized Cost	43,092	44,594
Gross Unrealized Gains	1	811
Gross Unrealized Losses	(10,796)	(180)
Fair Value	32,297	45,225
U.S. Government agency securities
Investment Securities
Amortized Cost	45,471	32,616
Gross Unrealized Gains		4
Gross Unrealized Losses	(8,891)	(1,269)
Fair Value	36,580	31,351
Corporate securities
Investment Securities
Amortized Cost	1,500	1,500
Gross Unrealized Losses	(175)	(26)
Fair Value	1,325	$ 1,474
U.S. Treasury securities
Investment Securities
Amortized Cost	6,993
Gross Unrealized Losses	(210)
Fair Value	$ 6,783

Investment Securities - Gross U

Investment Securities - Gross Unrealized Losses and Fair Value Aggregated by Investment Category and Length of Time in Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Investment Securities
Less than 12 months Fair Value	$ 67,109	$ 84,079
Less than 12 months Unrealized Loss	(7,794)	(1,234)
12 months or more Fair Value	75,424	17,015
12 months or more Unrealized Loss	(21,534)	(871)
Total Fair Value	142,533	101,094
Total Unrealized Loss	(29,328)	(2,105)
Collateralized mortgage obligations
Investment Securities
Less than 12 months Fair Value	8,315	7,917
Less than 12 months Unrealized Loss	(364)	(194)
12 months or more Fair Value	6,127	876
12 months or more Unrealized Loss	(1,984)	(17)
Total Fair Value	14,442	8,793
Total Unrealized Loss	$ (2,348)	(211)
Number of securities continuous unrealized loss position more than twelve months | security	74
Agency mortgage-backed securities
Investment Securities
Less than 12 months Fair Value	$ 20,029	42,109
Less than 12 months Unrealized Loss	(1,308)	(414)
12 months or more Fair Value	31,865	197
12 months or more Unrealized Loss	(5,600)	(5)
Total Fair Value	51,894	42,306
Total Unrealized Loss	$ (6,908)	(419)
Number of securities continuous unrealized loss position more than twelve months | security	83
Municipal securities
Investment Securities
Less than 12 months Fair Value	$ 18,456	18,603
Less than 12 months Unrealized Loss	(5,438)	(180)
12 months or more Fair Value	13,340
12 months or more Unrealized Loss	(5,358)
Total Fair Value	31,796	18,603
Total Unrealized Loss	$ (10,796)	(180)
Number of securities continuous unrealized loss position more than twelve months | security	35
U.S. Government agency securities
Investment Securities
Less than 12 months Fair Value	$ 13,526	13,976
Less than 12 months Unrealized Loss	(474)	(420)
12 months or more Fair Value	22,767	15,942
12 months or more Unrealized Loss	(8,417)	(849)
Total Fair Value	36,293	29,918
Total Unrealized Loss	$ (8,891)	(1,269)
Number of securities continuous unrealized loss position more than twelve months | security	56
Corporate securities
Investment Securities
Less than 12 months Fair Value		1,474
Less than 12 months Unrealized Loss		(26)
12 months or more Fair Value	$ 1,325
12 months or more Unrealized Loss	(175)
Total Fair Value	1,325	1,474
Total Unrealized Loss	$ (175)	$ (26)
Number of securities continuous unrealized loss position more than twelve months | security	1
U.S. Treasury securities
Investment Securities
Less than 12 months Fair Value	$ 6,783
Less than 12 months Unrealized Loss	(210)
Total Fair Value	6,783
Total Unrealized Loss	$ (210)
Number of securities continuous unrealized loss position more than twelve months | security	1

Investment Securities - Contrac

Investment Securities - Contractual Maturities of Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Available for Sale Amortized Cost
Due over one to five years	$ 22,235
Due over five to ten years	15,891
Due over ten years	58,930
Amortized Cost	173,453	$ 156,692
Available for Sale Fair Value
Due over one to five years	21,505
Due over five to ten years	13,348
Due over ten years	42,132
Fair Value	144,133	155,927
Collateralized mortgage obligations
Available for Sale Amortized Cost
Amortized Cost	17,596	21,730
Available for Sale Fair Value
Fair Value	15,255	21,688
Agency mortgage-backed securities
Available for Sale Amortized Cost
Amortized Cost	58,801	56,252
Available for Sale Fair Value
Fair Value	$ 51,893	$ 56,189

Investment Securities (Details)

Investment Securities (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) security shares	Dec. 31, 2021 USD ($) security shares
Schedule of Available-for-sale Securities
Impairment charges to securities	$ 0	$ 0
Common stock, shares outstanding | shares	2,865,046	2,853,880
Total Unrealized Loss	$ 29,328,000	$ 2,105,000
Unrealized losses on securities	29,300,000	2,100,000
Investment securities available for sale, at fair value	144,133,000	155,927,000
Sales of available for sale debt securities	0	32,700,000
Realized gain (loss) on sale	0	588,000
Interest rate swap
Schedule of Available-for-sale Securities
Investment securities pledged as collateral	$ 0	$ 1,200,000
Private Label Mortgage-Backed securities
Schedule of Available-for-sale Securities
Number of investment securities portfolio held | security	0	0
Collateralized mortgage obligations
Schedule of Available-for-sale Securities
Number of investment securities portfolio held | security	0	0
Number of securities continuous unrealized loss position more than twelve months | security	74
Total Unrealized Loss	$ 2,348,000	$ 211,000
Investment securities available for sale, at fair value	$ 15,255,000	21,688,000
Agency mortgage-backed securities
Schedule of Available-for-sale Securities
Number of securities continuous unrealized loss position more than twelve months | security	83
Total Unrealized Loss	$ 6,908,000	419,000
Investment securities available for sale, at fair value	$ 51,893,000	56,189,000
Corporate securities
Schedule of Available-for-sale Securities
Number of securities continuous unrealized loss position more than twelve months | security	1
Total Unrealized Loss	$ 175,000	26,000
Investment securities available for sale, at fair value	$ 1,325,000	1,474,000
Municipal securities
Schedule of Available-for-sale Securities
Number of securities continuous unrealized loss position more than twelve months | security	35
Total Unrealized Loss	$ 10,796,000	180,000
Investment securities available for sale, at fair value	$ 32,297,000	45,225,000
U.S. Government agency securities
Schedule of Available-for-sale Securities
Number of securities continuous unrealized loss position more than twelve months | security	56
Total Unrealized Loss	$ 8,891,000	1,269,000
Investment securities available for sale, at fair value	$ 36,580,000	$ 31,351,000

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Loans - Major Categories of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	$ 186,440		$ 210,392
Less: Allowance for credit losses	(2,162)	[1]	(2,470)	[1]	$ (1,476)
Loans, net	184,278		207,922
Related party loans	0		0		276
Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	133,323		136,705
Less: Allowance for credit losses					(781)
Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	15,148		17,447
Less: Allowance for credit losses					(115)
Consumer Loans
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	37,969		56,240
Less: Allowance for credit losses					(580)
Construction and Land | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	4,499		4,087
Less: Allowance for credit losses	(44)		(5)		(10)
Farmland | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	333		342
Less: Allowance for credit losses	(20)		(11)		(2)
Single-family Residential | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	80,251		78,119
Less: Allowance for credit losses	(1,230)		(1,357)		(512)
Multi-family | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	5,304		5,428
Less: Allowance for credit losses	(103)		(105)		(39)
Commercial | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	42,936		48,729
Less: Allowance for credit losses	(221)		(278)		(218)
Commercial | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	15,148		17,447
Commercial and industrial | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	8,990		10,003
Less: Allowance for credit losses	(174)		(115)		(67)
SBA Guaranty | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	6,158		6,397
Less: Allowance for credit losses	(22)		(30)		(48)
Comm SBA PPP
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs			1,000
Comm SBA PPP | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	0		1,047
Consumer
Loans and Allowance for Credit Losses - Loans
Loans, net	36,400		54,200
Consumer | Consumer Loans
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	1,521		2,090
Less: Allowance for credit losses	(23)		(36)		(11)
Automobile | Consumer Loans
Loans and Allowance for Credit Losses - Loans
Loans, net of deferred fees and costs	36,448		54,150
Less: Allowance for credit losses	$ (325)		$ (533)		$ (569)
[1] Effective January 1, 2021, the Company applied ASU 2016-13, Financial Instruments – Credit Losses (“ASC 326”) , such that the allowance calculation is based on current expected credit loss methodology (“CECL”). Prior to January 1, 2021, the calculation was based on incurred loss methodology. See Note 4 “Loans and Allowance for Losses on Loans” for details.

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Loans - Related parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable, Related Parties
Balance at beginning of year	$ 0	$ 276
Additions	1,078	90
Repayments	(1,078)	(366)
Balance at end of year	$ 0	$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Loans - Allowance by Loan Segment (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		$ 2,470	[1]	$ 1,476
Impact of ASC 326 adoption					$ 1,574
Charge-offs		(392)		(253)
Recoveries		196		648
Release for credit losses		(112)		(975)
Balance, end of year	[1]	2,162		2,470
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance		79		10
Individually evaluated for impairment, Related loan balance		334		36
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		2,083		2,460
Collectively evaluated for impairment, Related loan balance		186,106		210,356
Real Estate Loan
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year				781
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance		20		10
Commercial and Industrial
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year				115
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance		59
Consumer Loans
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year				580
Construction and Land | Real Estate Loan
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		5		10
Impact of ASC 326 adoption					16
Release for credit losses		39		(11)
Balance, end of year		44		5
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		44		5
Collectively evaluated for impairment, Related loan balance		4,499		4,087
Farmland | Real Estate Loan
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		11		2
Impact of ASC 326 adoption					9
Release for credit losses		9
Balance, end of year		20		11
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		20		11
Collectively evaluated for impairment, Related loan balance		333		342
Single-family Residential | Real Estate Loan
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		1,357		512
Impact of ASC 326 adoption					854
Recoveries				408
Release for credit losses		(127)		95
Balance, end of year		1,230		1,357
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance		20		10
Individually evaluated for impairment, Related loan balance		34		36
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		1,210		1,347
Collectively evaluated for impairment, Related loan balance		80,217		78,083
Multi-family | Real Estate Loan
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		105		39
Impact of ASC 326 adoption					63
Release for credit losses		(2)		43
Balance, end of year		103		105
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		103		105
Collectively evaluated for impairment, Related loan balance		5,304		5,428
Commercial and Industrial | Commercial and Industrial
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		115		67
Impact of ASC 326 adoption					120
Charge-offs		(200)
Release for credit losses		259		(6)
Balance, end of year		174		115
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance		59
Individually evaluated for impairment, Related loan balance		300
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		115		115
Collectively evaluated for impairment, Related loan balance		8,690		10,003
Commercial | Real Estate Loan
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		278		218
Impact of ASC 326 adoption					199
Release for credit losses		(57)		79
Balance, end of year		221		278
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		221		278
Collectively evaluated for impairment, Related loan balance		42,936		48,729
Commercial | Commercial and Industrial
Collectively evaluated for impairment:
Collectively evaluated for impairment, Related loan balance				1,047
SBA Guaranty | Commercial and Industrial
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		30		48
Impact of ASC 326 adoption					(6)
Charge-offs		(9)
Release for credit losses		1		36
Balance, end of year		22		30
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		22		30
Collectively evaluated for impairment, Related loan balance		6,158		6,397
Consumer | Consumer Loans
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		36		11
Impact of ASC 326 adoption					46
Charge-offs		(14)		(2)
Recoveries		8
Release for credit losses		(7)		(8)
Balance, end of year		23		36
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		23		36
Collectively evaluated for impairment, Related loan balance		1,521		2,090
Automobile | Consumer Loans
Financing Receivable, Allowance for Credit Losses
Balance, beginning of year		533		569
Impact of ASC 326 adoption					$ 273
Charge-offs		(169)		(251)
Recoveries		188		240
Release for credit losses		(227)		271
Balance, end of year		325		533
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance		325		533
Collectively evaluated for impairment, Related loan balance		$ 36,448		$ 54,150
[1] Effective January 1, 2021, the Company applied ASU 2016-13, Financial Instruments – Credit Losses (“ASC 326”) , such that the allowance calculation is based on current expected credit loss methodology (“CECL”). Prior to January 1, 2021, the calculation was based on incurred loss methodology. See Note 4 “Loans and Allowance for Losses on Loans” for details.

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Loans - Non-accrual loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable Nonaccrual Status
Balance	$ 338	$ 4,512
Transfer into non-accrual	751	1,283
Loans paid down/payoffs	(230)	(4,218)
Loans returned to accrual status	(29)	(996)
Loans charged off	(342)	(243)
Balance	488	338
Real Estate Loan
Financing Receivable Nonaccrual Status
Balance	123
Balance	104	123
Commercial and Industrial
Financing Receivable Nonaccrual Status
Balance	71
Balance	299	71
Consumer Loans
Financing Receivable Nonaccrual Status
Balance	144
Balance	85	144
Single-family Residential | Real Estate Loan
Financing Receivable Nonaccrual Status
Balance	123	270
Transfer into non-accrual	31
Loans paid down/payoffs	(50)	(147)
Balance	104	123
Commercial | Real Estate Loan
Financing Receivable Nonaccrual Status
Balance		4,029
Transfer into non-accrual		920
Loans paid down/payoffs		(3,987)
Loans returned to accrual status		(962)
Commercial and Industrial | Commercial and Industrial
Financing Receivable Nonaccrual Status
Transfer into non-accrual	502
Loans paid down/payoffs	(3)
Loans charged off	(200)
Balance	299
SBA Guaranty | Commercial and Industrial
Financing Receivable Nonaccrual Status
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
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
Balance	144	179
Transfer into non-accrual	207	291
Loans paid down/payoffs	(105)	(83)
Loans returned to accrual status	(29)
Loans charged off	(132)	(243)
Balance	$ 85	$ 144

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Loans - Credit Quality Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan	Dec. 31, 2020 USD ($)
Loans and Allowance for Credit Losses - Loans
Non-accrual	$ 488	$ 338	$ 4,512
Troubled debt restructured loans	$ 34	$ 36
Number of TDRs accounts | loan	1	1
Loans and Leases Receivable, Gross	$ 186,440	$ 210,392
Non-performing TDRs
Loans and Allowance for Credit Losses - Loans
Non-performing TDRs	34	36
Number of non-performing TDRs accounts | loan	1	1
Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	$ 185,952	$ 206,611
Special mention
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		3,447
Substandard
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	483	244
Doubtful
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	5	90
Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Non-accrual	104	123
Loans and Leases Receivable, Gross	133,323	136,705
Real Estate Loan | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	133,323	133,145
Real Estate Loan | Special mention
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		3,437
Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Non-accrual	299	71
Loans and Leases Receivable, Gross	15,148	17,447
Commercial and Industrial | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	14,849	17,376
Consumer Loans
Loans and Allowance for Credit Losses - Loans
Non-accrual	85	144
Loans and Leases Receivable, Gross	37,969	56,240
Consumer Loans | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	37,884	56,090
Consumer Loans | Special mention
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		6
Construction and Land | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	4,499	4,087
Construction and Land | Real Estate Loan | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	4,499	4,072
Construction and Land | Real Estate Loan | Special mention
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		15
Farmland | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	333	342
Farmland | Real Estate Loan | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	333	342
Single-family Residential | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Non-accrual	104	123	270
Troubled debt restructured loans	$ 34	$ 36
Number of TDRs accounts | loan	1	1
Loans and Leases Receivable, Gross	$ 80,251	$ 78,119
Single-family Residential | Real Estate Loan | Non-performing TDRs
Loans and Allowance for Credit Losses - Loans
Non-performing TDRs	34	36
Number of non-performing TDRs accounts | loan	1	1
Single-family Residential | Real Estate Loan | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	$ 80,147	$ 77,996
Single-family Residential | Real Estate Loan | Substandard
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	104	123
Multi-family | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	5,304	5,428
Multi-family | Real Estate Loan | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	5,304	5,428
Commercial | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Non-accrual			4,029
Loans and Leases Receivable, Gross	42,936	48,729
Commercial | Real Estate Loan | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	42,936	45,307
Commercial | Real Estate Loan | Special mention
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		3,422
Commercial | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	15,148	17,447
Commercial | Commercial and Industrial | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	8,691
Commercial and Industrial | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Non-accrual	299
Loans and Leases Receivable, Gross	8,990	10,003
Commercial and Industrial | Commercial and Industrial | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		10,003
Commercial and Industrial | Commercial and Industrial | Substandard
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	299
SBA Guaranty | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Non-accrual		71
Loans and Leases Receivable, Gross	6,158	6,397
SBA Guaranty | Commercial and Industrial | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	6,158	6,326
SBA Guaranty | Commercial and Industrial | Substandard
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		71
Comm SBA PPP
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		1,000
Comm SBA PPP | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	0	1,047
Comm SBA PPP | Commercial and Industrial | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		1,047
Consumer | Consumer Loans
Loans and Allowance for Credit Losses - Loans
Non-accrual			34
Loans and Leases Receivable, Gross	1,521	2,090
Consumer | Consumer Loans | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	1,521	2,084
Consumer | Consumer Loans | Special mention
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		6
Automobile | Consumer Loans
Loans and Allowance for Credit Losses - Loans
Non-accrual	85	144	$ 179
Loans and Leases Receivable, Gross	36,448	54,150
Automobile | Consumer Loans | Pass
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	36,363	54,006
Automobile | Consumer Loans | Special mention
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross		4
Automobile | Consumer Loans | Substandard
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	80	50
Automobile | Consumer Loans | Doubtful
Loans and Allowance for Credit Losses - Loans
Loans and Leases Receivable, Gross	$ 5	$ 90

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Loans - Credit quality indicators by year of origination (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans and Allowance for Credit Losses - Loans
Total	$ 186,440	$ 210,392
Pass
Loans and Allowance for Credit Losses - Loans
Total	185,952	206,611
Special mention
Loans and Allowance for Credit Losses - Loans
Total		3,447
Substandard
Loans and Allowance for Credit Losses - Loans
Total	483	244
Doubtful
Loans and Allowance for Credit Losses - Loans
Total	5	90
Real Estate Loan
Loans and Allowance for Credit Losses - Loans
2022	11,941
2021	17,685	16,498
2020	10,337	12,135
2019	9,852	10,671
2018	12,670	14,345
2017		6,715
Prior	70,838	76,341
Total	133,323	136,705
Real Estate Loan | Pass
Loans and Allowance for Credit Losses - Loans
2022	11,941
2021	17,685	16,498
2020	10,337	12,135
2019	9,852	10,671
2018	12,670	13,558
2017		6,715
Prior	70,838	73,568
Total	133,323	133,145
Real Estate Loan | Special mention
Loans and Allowance for Credit Losses - Loans
2018		787
Prior		2,650
Total		3,437
Real Estate Loan | Non accrual
Loans and Allowance for Credit Losses - Loans
Prior	104	123
Total	104	123
Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
2022	1,468
2021	748	2,766
2020	4,056	4,172
2019	875	1,066
2018	3,581	4,128
2017		1,198
Prior	4,420	4,117
Total	15,148	17,447
Commercial and Industrial | Pass
Loans and Allowance for Credit Losses - Loans
2022	1,468
2021	449	2,766
2020	4,056	4,172
2019	875	1,066
2018	3,581	4,128
2017		1,198
Prior	4,420	4,046
Total	14,849	17,376
Commercial and Industrial | Non accrual
Loans and Allowance for Credit Losses - Loans
2021	299
Prior		71
Total	299	71
Consumer Loans
Loans and Allowance for Credit Losses - Loans
2022	6,573
2021	8,659	12,298
2020	5,200	8,227
2019	6,792	11,214
2018	8,153	16,752
2017		4,937
Prior	2,592	2,812
Total	37,969	56,240
Consumer Loans | Pass
Loans and Allowance for Credit Losses - Loans
2022	6,573
2021	8,632	12,270
2020	5,187	8,222
2019	6,792	11,176
2018	8,113	16,706
2017		4,908
Prior	2,587	2,808
Total	37,884	56,090
Consumer Loans | Special mention
Loans and Allowance for Credit Losses - Loans
2018		6
Total		6
Consumer Loans | Non accrual
Loans and Allowance for Credit Losses - Loans
2021	27	28
2020	13	5
2019		38
2018	40	40
2017		29
Prior	5	4
Total	$ 85	$ 144

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Loans - Current, Past Due, and Non-Accrual Loans by Categories of loans and Restructured Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans and Allowance for Credit Losses - Loans
Non-accrual	$ 488	$ 338	$ 4,512
Total	186,440	210,392
Current
Loans and Allowance for Credit Losses - Loans
Total	185,431	209,684
30 To 89 Days Past Due
Loans and Allowance for Credit Losses - Loans
Total	511	355
90 Days or More and Still Accuring
Loans and Allowance for Credit Losses - Loans
Financing Receivable, 90 Days or More Past Due, Still Accruing	10	15
Total	10	15
Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Non-accrual	104	123
Total	133,323	136,705
Real Estate Loan | Current
Loans and Allowance for Credit Losses - Loans
Total	133,024	136,567
Real Estate Loan | 30 To 89 Days Past Due
Loans and Allowance for Credit Losses - Loans
Total	185
Real Estate Loan | 90 Days or More and Still Accuring
Loans and Allowance for Credit Losses - Loans
Total	10	15
Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Non-accrual	299	71
Total	15,148	17,447
Commercial and Industrial | Current
Loans and Allowance for Credit Losses - Loans
Total	14,849	17,376
Consumer Loans
Loans and Allowance for Credit Losses - Loans
Non-accrual	85	144
Total	37,969	56,240
Consumer Loans | Current
Loans and Allowance for Credit Losses - Loans
Total	37,558	55,741
Consumer Loans | 30 To 89 Days Past Due
Loans and Allowance for Credit Losses - Loans
Total	326	355
Construction and Land | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Total	4,499	4,087
Construction and Land | Real Estate Loan | Current
Loans and Allowance for Credit Losses - Loans
Total	4,499	4,087
Farmland | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Total	333	342
Farmland | Real Estate Loan | Current
Loans and Allowance for Credit Losses - Loans
Total	333	342
Single-family Residential | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Non-accrual	104	123	270
Total	80,251	78,119
Single-family Residential | Real Estate Loan | Current
Loans and Allowance for Credit Losses - Loans
Total	79,952	77,981
Single-family Residential | Real Estate Loan | 30 To 89 Days Past Due
Loans and Allowance for Credit Losses - Loans
Total	185
Single-family Residential | Real Estate Loan | 90 Days or More and Still Accuring
Loans and Allowance for Credit Losses - Loans
Total	10	15
Multi-family | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Total	5,304	5,428
Multi-family | Real Estate Loan | Current
Loans and Allowance for Credit Losses - Loans
Total	5,304	5,428
Commercial | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Non-accrual			4,029
Total	42,936	48,729
Commercial | Real Estate Loan | Current
Loans and Allowance for Credit Losses - Loans
Total	42,936	48,729
Commercial | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Total	15,148	17,447
Commercial and Industrial | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Non-accrual	299
Total	8,990	10,003
Commercial and Industrial | Commercial and Industrial | Current
Loans and Allowance for Credit Losses - Loans
Total	8,691	10,003
SBA Guaranty | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Non-accrual		71
Total	6,158	6,397
SBA Guaranty | Commercial and Industrial | Current
Loans and Allowance for Credit Losses - Loans
Total	6,158	6,326
Comm SBA PPP
Loans and Allowance for Credit Losses - Loans
Total		1,000
Comm SBA PPP | Commercial and Industrial
Loans and Allowance for Credit Losses - Loans
Total	0	1,047
Comm SBA PPP | Commercial and Industrial | Current
Loans and Allowance for Credit Losses - Loans
Total		1,047
Consumer | Consumer Loans
Loans and Allowance for Credit Losses - Loans
Non-accrual			34
Total	1,521	2,090
Consumer | Consumer Loans | Current
Loans and Allowance for Credit Losses - Loans
Total	1,521	2,086
Consumer | Consumer Loans | 30 To 89 Days Past Due
Loans and Allowance for Credit Losses - Loans
Total		4
Automobile | Consumer Loans
Loans and Allowance for Credit Losses - Loans
Non-accrual	85	144	$ 179
Total	36,448	54,150
Automobile | Consumer Loans | Current
Loans and Allowance for Credit Losses - Loans
Total	36,037	53,655
Automobile | Consumer Loans | 30 To 89 Days Past Due
Loans and Allowance for Credit Losses - Loans
Total	$ 326	$ 351

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Loans - Impaired Financing Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	$ 254	$ 26
Unpaid Principal Balance with specific reserves	333	36
Interest Income Recognized with specific reserves	21	2
Specific Reserve with specific reserves	79	10
Average Recorded Investment	547	49
Recorded Investment with no specific reserve	155	301
Unpaid Principal Balance with no specific reserve	155	301
Interest Income Recognized with no specific reserve	8	12
Specific Reserve	80,000	10,000
Average Recorded Investment with no specific reserve	186	350
Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	14	26
Unpaid Principal Balance with specific reserves	34	36
Interest Income Recognized with specific reserves	2	2
Specific Reserve with specific reserves	20	10
Average Recorded Investment	48	49
Recorded Investment with no specific reserve	70	87
Unpaid Principal Balance with no specific reserve	70	87
Interest Income Recognized with no specific reserve	2	3
Average Recorded Investment with no specific reserve	79	98
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	240
Unpaid Principal Balance with specific reserves	299
Interest Income Recognized with specific reserves	19
Specific Reserve with specific reserves	59
Average Recorded Investment	499
Recorded Investment with no specific reserve		71
Unpaid Principal Balance with no specific reserve		71
Interest Income Recognized with no specific reserve		1
Average Recorded Investment with no specific reserve		71
Consumer Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	85	143
Unpaid Principal Balance with no specific reserve	85	143
Interest Income Recognized with no specific reserve	6	8
Average Recorded Investment with no specific reserve	107	181
Single-family Residential | Real Estate Loan
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	14	26
Unpaid Principal Balance with specific reserves	34	36
Interest Income Recognized with specific reserves	2	2
Specific Reserve with specific reserves	20	10
Average Recorded Investment	48	49
Recorded Investment with no specific reserve	70	87
Unpaid Principal Balance with no specific reserve	70	87
Interest Income Recognized with no specific reserve	2	3
Average Recorded Investment with no specific reserve	79	98
Commercial and Industrial | Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Recorded Investment with specific reserves	240
Unpaid Principal Balance with specific reserves	299
Interest Income Recognized with specific reserves	19
Specific Reserve with specific reserves	59
Average Recorded Investment	499
SBA Guaranty | Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve		71
Unpaid Principal Balance with no specific reserve		71
Interest Income Recognized with no specific reserve		1
Average Recorded Investment with no specific reserve		71
Automobile | Consumer Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment with no specific reserve	85	143
Unpaid Principal Balance with no specific reserve	85	143
Interest Income Recognized with no specific reserve	6	8
Average Recorded Investment with no specific reserve	$ 107	$ 181

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Loans (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) contract loan	Dec. 31, 2021 USD ($) loan
Loans and Allowance for Credit Losses - Loans
Number of new loans modified as TDRs | loan	0	0
Number of TDRs accounts | loan	1	1
Amount of recorded investment in new troubled debt restructurings, totaled	$ 34,000	$ 36,000
Amount of interest that would have been accrued from non performing financial receivable, totaled	$ 29,000	$ 14,000
Non-performing TDRs
Loans and Allowance for Credit Losses - Loans
Number of TDRs accounts | loan	1	1
Amount of recorded investment in new troubled debt restructurings, totaled	$ 34,048,000	$ 36,139,000
Consumer
Loans and Allowance for Credit Losses - Loans
Amount of consumer and indirect loans, outstanding	34,048
Amount of consumer and indirect loans, specific reserves	$ 20,491
Number Of Loan Consumer And Indirect Loans | contract	1
Single-family Residential | Real Estate Loan
Loans and Allowance for Credit Losses - Loans
Number of TDRs accounts | loan	1	1
Amount of recorded investment in new troubled debt restructurings, totaled	$ 34,000	$ 36,000

Premises and Equipment - Summar

Premises and Equipment - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Premises and Equipment
Land	$ 685	$ 685
Buildings	6,781	6,723
Equipment and fixtures	8,515	8,354
Construction in progress	71	36
Operating Lease Assets	$ 366	$ 478
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Premises and equipment, net	Premises and equipment, net
Premises and equipment, gross	$ 16,418	$ 16,276
Accumulated depreciation	(13,141)	(12,712)
Premises and equipment, net	$ 3,277	$ 3,564
Buildings | Minimum
Premises and Equipment
Useful lives	5 years	5 years
Buildings | Maximum
Premises and Equipment
Useful lives	50 years	50 years
Equipment and fixtures | Minimum
Premises and Equipment
Useful lives	5 years	5 years
Equipment and fixtures | Maximum
Premises and Equipment
Useful lives	30 years	30 years

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Premises and Equipment
Depreciation expense	$ 300,000	$ 300,000
Amortization of software and intangible assets	100,000	100,000
Rent expense	182,081	177,845
Rental income	$ 74,898	$ 69,312
Operating Lease Income Comprehensive Income Extensible List Not Disclosed Flag	true
Minimum lease obligations through September 2023	$ 188,000
Minimum lease obligations through December 2024	10,000
Severna Park Branch
Premises and Equipment
Minimum lease obligations through September 2023	25,000
Linthicum Branch
Premises and Equipment
Minimum lease obligations through December 2024	$ 153,219

Premises and Equipment - Future

Premises and Equipment - Future Minimum Payment (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Premises and Equipment
2023	$ 188
2024	167
2025	10
2026	8
2027	4
Total	$ 377

Federal Home Loan Bank, Short_3

Federal Home Loan Bank, Short- and Long-term Borrowings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank, Short- and Long-term Borrowings
Federal home loan bank shares owned	2,212
Percentage of investment to be maintained on total assets	0.05%
Amount of dollar cap on total assets	$ 31.7
Additional percentage of investment to be maintained on total advances	3.75%
Percentage of credit available on total assets	25%
Amount of credit available on total assets	$ 103.9
Short term debt average outstanding amount	10.4	$ 19.8
Federal home loan bank, advance, maturity, year one	0	10
Average long-term borrowings	6.2	$ 2.1
Financial Bank One
Federal Home Loan Bank, Short- and Long-term Borrowings
Line of credit facility, maximum borrowing capacity	9
Financial Bank Two
Federal Home Loan Bank, Short- and Long-term Borrowings
Line of credit facility, maximum borrowing capacity	$ 8
Maximum
Federal Home Loan Bank, Short- and Long-term Borrowings
Short-term debt weighted average interest rate	2.30%
Minimum
Federal Home Loan Bank, Short- and Long-term Borrowings
Short-term debt weighted average interest rate		2.34%

Federal Home Loan Bank, Short_4

Federal Home Loan Bank, Short- and Long-term Borrowings - Derivatives (Details)		3 Months Ended	12 Months Ended
	Oct. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) item	Dec. 31, 2022 USD ($) contract item	Dec. 31, 2021 USD ($) item
Federal Home Loan Bank, Short- and Long-term Borrowings
Number of interest rate swap designated as cash flow | item		0	0	3
Gain on swap contract termination		$ 206,000	$ 206,000
Notional Amount		20,000,000	$ 20,000,000	$ 20,000,000
Term			5 years
Assets/ Liabilities				(442,000)
Unrealized Loss AOCI				(321,000)
Interest expense recorded on these swap transactions			$ (150,000)	(404,000)
Fair value of cash or investment securities pledged as collateral		0	$ 0	1,175,000
Interest Rate Swap On FHLB Advance | Interest Rate Contract
Federal Home Loan Bank, Short- and Long-term Borrowings
Number of derivative become effect in july and august 2018			2
Gain on swap contract termination	$ 206,000
Interest rate swap on FHLB advance maturing on October 2022
Federal Home Loan Bank, Short- and Long-term Borrowings
Notional Amount		$ 10,000,000	$ 10,000,000
Pay Rate		2.105%	2.105%
Receive Rate			3M LIBOR
Assets/ Liabilities				(174,000)
Unrealized Loss AOCI				(126,000)
Interest expense recorded on these swap transactions			$ (65,000)	(194,000)
Interest rate swap on FHLB advance maturing on July 2023
Federal Home Loan Bank, Short- and Long-term Borrowings
Notional Amount		$ 5,000,000	$ 5,000,000
Pay Rate		2.235%	2.235%
Receive Rate			3M LIBOR
Assets/ Liabilities				(136,000)
Unrealized Loss AOCI				(99,000)
Interest expense recorded on these swap transactions			$ (38,000)	(105,000)
Interest rate swap on FHLB advance maturing on August 2023
Federal Home Loan Bank, Short- and Long-term Borrowings
Notional Amount		$ 5,000,000	$ 5,000,000
Pay Rate		2.246%	2.246%
Receive Rate			3M LIBOR
Assets/ Liabilities				(132,000)
Unrealized Loss AOCI				(96,000)
Interest expense recorded on these swap transactions			$ (47,000)	$ (105,000)

Deposits - Summary of major cla

Deposits - Summary of major classifications of Interest-bearing deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits
Noninterest-bearing deposits	$ 143,262	$ 155,624
Interest-bearing checking	40,086	37,305
Money Market	15,791	23,103
Savings	113,101	106,818
Time deposits, $100,000 or more	19,999	24,624
Time deposits below $100,000	30,708	35,773
Total interest- bearing deposits	219,685	227,623
Total Deposits	$ 362,947	$ 383,247

Deposits - Summary of interest

Deposits - Summary of interest expense on deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Deposits
Interest-bearing checking	$ 11	$ 11
Money Market	12	11
Savings	59	51
Time deposits, $100,000 or more	183	248
Time deposits below $100,000	206	288
Total Interest Expense	$ 471	$ 609

Deposits - Summary of maturitie

Deposits - Summary of maturities of time deposits (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Deposits
2023	$ 26,461
2024	13,664
2025	4,187
2026	3,941
2027	2,125
2027 and thereafter	329
Total Time Deposits	$ 50,707

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Deposits
Fee income from deposits	$ 0.2	$ 0.2
Deposit balances of executive officers and directors and their affiliated interests	2.1	2.2
Brokered deposits	$ 0	$ 0

Income Taxes - Summary of compo

Income Taxes - Summary of components of income tax expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current income tax (benefit) expense:
Federal	$ 302	$ 211
State	148	84
Total current tax expense	450	295
Deferred income tax benefits:
Federal	(147)	198
State	(63)	84
Total deferred tax expense	(210)	282
Total income tax expense	$ 240	$ 577
Income tax expense statutory rate	21%	21%

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of income tax expense computed at statutory rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Income tax expense at federal statutory rate	$ 417	$ 650
(Decrease) increase resulting from:
Tax-exempt income	(212)	(181)
Bank owned life insurance	(33)	(33)
State income taxes, net of Federal income tax benefit	68	133
Other		8
Total income tax expense	$ 240	$ 577

Income Taxes - Components of ne

Income Taxes - Components of net deferred income tax benefits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred income tax benefits:
Accrued deferred compensation	$ 87	$ 84
Allowance for credit losses	386	376
Accumulated depreciation	(18)	(22)
Accrued Liabilities	144
Reserve for unfunded commitments	131	102
Accounting standard 310-20	(145)	(144)
Right of use asset	(101)	(132)
Lease liability	101	132
Accumulated securities premium accretion	248	228
Net unrealized depreciation on investment securities available for sale	8,069	211
Net unrealized loss on Swaps		121
Net deferred income tax benefits	$ 8,902	$ 956

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Income tax expense	$ 240	$ 577

Pension and Profit Sharing Pl_2

Pension and Profit Sharing Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Pension and Profit Sharing Plans
Annual contributions included in employee benefit expense	$ 277,000	$ 493,000

Other Benefit Plans (Details)

Other Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Benefit Plans
Cash value of life insurance contract	$ 8,500	$ 8,300
Income on their insurance investment total	$ 156	$ 157

Other Noninterest Expenses (Det

Other Noninterest Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Noninterest Expenses.
Loan related expenses	$ 145	$ 195
Other ATM expenses	41	36
Director, executive and audit committee fees and expenses	177	167
Postage, delivery and courier expenses	81	70
Office supplies expenses	38	35
Credit report fees	24	38
Dues and subscription fees	112	93
Examination and assessment fees	51	48
Federal Reserve and correspondent bank services	27	30
Foreclosed property expenses		23
Liability insurance	109	85
Provision (release) for unfunded commitments	107	(119)
Card services	114	114
NASDAQ registration	61	56
Investor services	41	43
Other	175	195
Total Other Noninterest Expense	$ 1,303	$ 1,109

Commitments and Contingencies -

Commitments and Contingencies - Summary of outstanding loan commitments, unused lines of credit and letters of credit (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies
Fair value disclosure, off-balance sheet risks, face amount, liability	$ 21,438	$ 25,304
Other mortgage loans
Commitments and Contingencies
Fair value disclosure, off-balance sheet risks, face amount, liability	9,280	2,863
Home-equity lines
Commitments and Contingencies
Fair value disclosure, off-balance sheet risks, face amount, liability	10,142	9,224
Commercial lines
Commitments and Contingencies
Fair value disclosure, off-balance sheet risks, face amount, liability	10,717	15,432
Unsecured consumer lines
Commitments and Contingencies
Fair value disclosure, off-balance sheet risks, face amount, liability	579	648
Letters of credit
Commitments and Contingencies
Fair value disclosure, off-balance sheet risks, face amount, liability	$ 45	$ 55

Commitments and Contingencies_2

Commitments and Contingencies (Details)	Dec. 31, 2022 USD ($)
Commitments and Contingencies
Provision for financial receivable unfunded credit losses	$ 477,215

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Aug. 31, 2007	Dec. 31, 2022	Dec. 31, 2021
Stockholders' Equity
Retained earnings from which dividends may not be paid without prior approval, total		$ 20.7	$ 20.2
Employee Stock Purchase Benefit Plans
Stockholders' Equity
Number of options issued or activity	0
Employee eligibility period		1 year
Employees to buy stock under options granted		85%
Options are vested when granted and will expire no later than		27 months
Common stock, capital shares reserved for future issuance		25,739
Dividend Reinvestment and Stock Purchase Plan
Stockholders' Equity
Employees to buy stock under options granted		95%
Shares of common stock purchased		11,166	11,841
Common stock, capital shares reserved for future issuance		53,531
Stockholder Purchase Plan
Stockholders' Equity
Number of options issued or activity		0
Options are vested when granted and will expire no later than		3 months
Common stock, capital shares reserved for future issuance		183,348

Stockholders' Equity - Summary

Stockholders' Equity - Summary of capital comparison with minimum requirements (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 01, 2016
Stockholders' Equity
Annual increase in capital (to risk weighted assets) for capital adequacy purposes ratio	0.00625%
Common Equity Tier I Capital (to Risk Weighted Assets) Actual Amount	$ 37,963	$ 37,592
Common Equity Tier I Capital (to Risk Weighted Assets) Actual Ratio	0.1645%	0.1532%
Common Equity Tier I Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Actual Amount	$ 10,383	$ 11,044
Common Equity Tier I Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Actual Ratio	0.045%	0.045%
Common Equity Tier I Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Actual Amount	$ 14,998	$ 15,952
Common Equity Tier I Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Actual Ratio	0.065%	0.065%
Total Capital (to Risk Weighted Assets) Actual Amount	$ 39,866	$ 39,329
Total Capital (to Risk Weighted Assets) Actual Ratio	0.1728	0.1603
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount	$ 18,459	$ 19,634
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio	0.0800	0.0800	0.00625
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 23,074	$ 24,542
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.1000	0.1000
Tier I Capital (to Risk Weighted Assets) Actual Amount	$ 37,963	$ 37,592
Tier I Capital (to Risk Weighted Assets) Actual Ratio	0.1645	0.1532
Tier I Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount	$ 13,845	$ 14,725
Tier I Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio	0.0600	0.0600
Tier I Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 18,459	$ 19,634
Tier I Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0800	0.0800
Tier I Capital (to Average Assets) Actual Amount	$ 37,963	$ 37,592
Tier I Capital (to Average Assets) Actual Ratio	0.0953	0.0840
Tier I Capital (to Average Assets) For Capital Adequacy Purposes Amount	$ 15,938	$ 17,910
Tier I Capital (to Average Assets) For Capital Adequacy Purposes Ratio	0.0400	0.0400
Tier I Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 19,922	$ 22,388
Tier I Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0500	0.0500
Minimum
Stockholders' Equity
Common Equity Tier I Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Actual Ratio	4.50%
Tier I Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Actual Ratio	0.04%
Total Capital (to Risk Weighted Assets) Actual Ratio	0.080
Tier I Capital (to Average Assets) Actual Ratio	0.040
Maximum
Stockholders' Equity
Tier I Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Actual Ratio	0.06%
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio	0.025

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Basic earnings per share:
Net income	$ 830,000	$ 375,000	$ 309,000	$ 231,000	$ 555,000	$ 888,000	$ 479,000	$ 594,000	$ 1,745,182	$ 2,516,387
Weighted average common shares outstanding (in shares)									2,859,239	2,848,465
Basic net income per share of common stock (in dollars per share)	$ 0.29	$ 0.13	$ 0.11	$ 0.08	$ 0.19	$ 0.31	$ 0.17	$ 0.21	$ 0.61	$ 0.88
Options outstanding	0								0

Fair Values of Financial Inst_3

Fair Values of Financial Instruments - Estimated fair values of the Company's financial instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial assets: Carrying Amount
Cash and due from banks	$ 2,035	$ 2,111
Interest-bearing deposits in other financial institutions	22,680	56,434
Federal funds sold	5,377	3,636
Investment securities available for sale	144,133	155,927
Investments in restricted stock	221	1,062
Ground rents	131	131
Loans, less allowance for credit losses	184,278	207,922
Accrued interest receivable	1,159	1,085
Cash value of life insurance	8,493	8,338
Financial liabilities: Carrying Amount
Deposits	362,947	383,247
Long-term borrowings		10,000
Short-term borrowings		10,000
Accrued interest payable	9	11
Unrecognized financial instruments: Carrying Amount
Commitments to extend credit	30,718	28,167
Standby letters of credit	45	55
Financial Assets: Fair Value
Cash and due from banks	2,035	2,111
Interest-bearing deposits in other financial institutions	22,680	56,434
Federal funds sold	5,377	3,636
Investment securities available for sale	144,133	155,927
Investments in restricted stock	221	1,062
Ground rents	131	131
Loans, less allowance for credit losses	177,254	211,541
Accrued interest receivable	1,159	1,085
Cash value of life insurance	8,493	8,338
Financial liabilities: Fair Value
Deposits	299,773	383,910
Long-term borrowings		9,888
Short-term borrowings		10,000
Accrued interest payable	9	11
Unrecognized financial instruments: Fair Value
Commitments to extend credit	30,718	28,167
Standby letters of credit	$ 45	$ 55

Fair Values of Financial Inst_4

Fair Values of Financial Instruments - Fair value hierarchy of financial instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial instruments - Assets: Carrying Amount
Cash and cash equivalents	$ 30,092
Loans, less allowance for credit losses	184,278	$ 207,922
Cash value of life insurance	8,493	8,338
Financial instruments - Liabilities: Carrying Amount
Deposits	362,947	383,247
Financial instruments - Assets: Fair Value
Cash and cash equivalents	30,092
Loans receivable, net	177,254	211,541
Cash value of life insurance	8,493
Financial instruments - Liabilities: Fair Value
Deposits	299,773	$ 383,910
Fair Value | Level 1
Financial instruments - Assets: Fair Value
Cash and cash equivalents	30,092
Financial instruments - Liabilities: Fair Value
Deposits	48,090
Fair Value | Level 2
Financial instruments - Assets: Fair Value
Cash value of life insurance	8,493
Financial instruments - Liabilities: Fair Value
Deposits	251,683
Fair Value | Level 3
Financial instruments - Assets: Fair Value
Loans receivable, net	$ 177,254

Fair Value Measurements - Summa

Fair Value Measurements - Summary of fair value measurements on recurring and non-recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value Measurements
Securities available for sale	$ 144,133	$ 155,927
Assets, fair value disclosure	144,463	155,805
Specific Reserve	80,000	10,000
Level 2
Fair Value Measurements
Assets, fair value disclosure	144,133	155,485
Level 3
Fair Value Measurements
Assets, fair value disclosure	330	320
US Treasury Securities
Fair Value Measurements
Securities available for sale	6,783
Municipal securities
Fair Value Measurements
Securities available for sale	32,297	45,225
Agency mortgage-backed securities
Fair Value Measurements
Securities available for sale	51,893	56,189
Corporate securities
Fair Value Measurements
Securities available for sale	1,325	1,474
Recurring | US Treasury Securities
Fair Value Measurements
Securities available for sale	6,783
Recurring | US Treasury Securities | Level 2
Fair Value Measurements
Securities available for sale	6,783
Recurring | Municipal securities
Fair Value Measurements
Securities available for sale	32,297	45,225
Recurring | Municipal securities | Level 2
Fair Value Measurements
Securities available for sale	32,297	45,225
Recurring | Agency mortgage-backed securities
Fair Value Measurements
Securities available for sale	103,728	109,228
Recurring | Agency mortgage-backed securities | Level 2
Fair Value Measurements
Securities available for sale	103,728	109,228
Recurring | Corporate securities
Fair Value Measurements
Securities available for sale	1,325	1,474
Recurring | Corporate securities | Level 2
Fair Value Measurements
Securities available for sale	1,325	1,474
Recurring | Interest rate swap
Fair Value Measurements
Securities available for sale		442
Recurring | Interest rate swap | Level 2
Fair Value Measurements
Securities available for sale		442
Nonrecurring
Fair Value Measurements
Maryland Financial Bank stock		3
Impaired loans	330	317
Nonrecurring | Level 3
Fair Value Measurements
Maryland Financial Bank stock		3
Impaired loans	$ 330	$ 317

Parent Company Financial Info_3

Parent Company Financial Information - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 30,092
Other assets	388	$ 383
Total Assets	381,436	442,066
Stockholders' equity:
Common stock	2,865	2,854
Surplus	10,862	10,759
Retained earnings	23,579	22,977
Accumulated other comprehensive loss, net of benefits	(21,252)	(874)
Total Stockholders' Equity	16,054	35,716	$ 37,093
Total Liabilities and Stockholders' Equity	381,436	442,066
Glen Burnie Bancorp
ASSETS
Cash and cash equivalents	77	99	$ 111
Investment in The Bank of Glen Burnie	15,975	35,614
Other assets	2	3
Total Assets	16,054	35,716
Stockholders' equity:
Common stock	2,865	2,854
Surplus	10,862	10,759
Retained earnings	23,579	22,977
Accumulated other comprehensive loss, net of benefits	(21,252)	(874)
Total Stockholders' Equity	16,054	35,716
Total Liabilities and Stockholders' Equity	$ 16,054	$ 35,716

Parent Company Financial Info_4

Parent Company Financial Information - Statements of Income (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Statements of Income
Other expenses									$ (11,340,000)	$ (10,952,000)
Income before income tax benefit and equity in undistributed net income of subsidiary	$ 994,000	$ 395,000	$ 345,000	$ 251,000	$ 693,000	$ 1,131,000	$ 570,000	$ 699,000	1,985,000	3,093,000
Income tax benefit									(240,000)	(577,000)
NET INCOME	$ 830,000	$ 375,000	$ 309,000	$ 231,000	$ 555,000	$ 888,000	$ 479,000	$ 594,000	1,745,182	2,516,387
Glen Burnie Bancorp
Statements of Income
Dividends and distributions from subsidiary									1,210,000	1,200,000
Other expenses									(243,000)	(245,000)
Income before income tax benefit and equity in undistributed net income of subsidiary									967,000	955,000
Income tax benefit									39,000	44,000
Change in undistributed equity of subsidiary									739,000	1,517,000
NET INCOME									$ 1,745,000	$ 2,516,000

Parent Company Financial Info_5

Parent Company Financial Information - Statements of Cash Flows (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 830,000	$ 375,000	$ 309,000	$ 231,000	$ 555,000	$ 888,000	$ 479,000	$ 594,000	$ 1,745,182	$ 2,516,387
Adjustments to reconcile net income to net cash provided by operating activities:
Increase in other assets									215,000	(244,000)
Net cash provided by operating activities									2,225,000	3,656,000
Cash flows from financing activities:
Dividends paid									(1,143,000)	(1,138,000)
Net cash used in financing activities									(41,328,000)	22,707,000
Net (decrease) increase in cash and cash equivalents									(32,089,000)	25,088,000
Cash, end of year	30,092,000								30,092,000
Glen Burnie Bancorp
Cash flows from operating activities:
Net income									1,745,000	2,516,000
Adjustments to reconcile net income to net cash provided by operating activities:
Increase in other assets										(3,000)
Change in undistributed equity of subsidiary									(739,000)	(1,517,000)
Net cash provided by operating activities									1,006,000	996,000
Cash flows from financing activities:
Proceeds from dividend reinvestment plan									115,000	130,000
Dividends paid									(1,143,000)	(1,138,000)
Net cash used in financing activities									(1,028,000)	(1,008,000)
Net (decrease) increase in cash and cash equivalents									(22,000)	(12,000)
Cash, beginning of year				$ 99,000				$ 111,000	99,000	111,000
Cash, end of year	$ 77,000				$ 99,000				$ 77,000	$ 99,000

Quarterly Results of Operatio_3

Quarterly Results of Operations (Unaudited) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Quarterly Results of Operations (Unaudited)
Interest income	$ 3,458,000	$ 3,308,000	$ 3,030,000	$ 2,916,000	$ 3,461,000	$ 3,605,000	$ 3,290,000	$ 3,161,000	$ 12,712,000	$ 13,517,000
Interest expense	120,000	271,000	228,000	234,000	251,000	265,000	274,000	284,000	853,000	1,074,000
Net interest income	3,338,000	3,037,000	2,802,000	2,682,000	3,210,000	3,340,000	3,016,000	2,877,000	11,859,000	12,443,000
Provision for credit losses	66,000	39,000	(117,000)	(100,000)	(382,000)	(122,000)	(67,000)	(404,000)	(112,000)	(975,000)
Net securities gains		2,000			(589,000)	1,000			2,000	(588,000)
Gain on swap contract termination	206,000								206,000
Income before income taxes	994,000	395,000	345,000	251,000	693,000	1,131,000	570,000	699,000	1,985,000	3,093,000
Net income	$ 830,000	$ 375,000	$ 309,000	$ 231,000	$ 555,000	$ 888,000	$ 479,000	$ 594,000	$ 1,745,182	$ 2,516,387
Net income per share (basic)	$ 0.29	$ 0.13	$ 0.11	$ 0.08	$ 0.19	$ 0.31	$ 0.17	$ 0.21	$ 0.61	$ 0.88
Net income per share (diluted)	$ 0.29	$ 0.13	$ 0.11	$ 0.08	$ 0.19	$ 0.31	$ 0.17	$ 0.21	$ 0.61	$ 0.88