v3.25.2
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Unearned ESOP Shares [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2023 9,611,876          
Balance at Dec. 31, 2023 $ 96 $ 95,784 $ 107,349 $ (7,253) $ (32,636) $ 163,340
Net (loss) income     (1,823)     (1,823)
Restricted stock award grants net of forfeitures (in shares) 66,663          
Restricted stock award grants net of forfeitures           0
Restricted stock awards canceled (in shares) (11,160)          
Restricted stock awards canceled   (166)       (166)
Other comprehensive income, net of tax         1,039 1,039
Share-based compensation expense   521       521
ESOP shares committed to be released   15   330   345
Cash dividends declared     (1,332)     (1,332)
Common stock repurchased (in shares) (214,132)          
Common stock repurchased $ (2) (2,169) (872)     (3,043)
Balance (in shares) at Jun. 30, 2024 9,453,247          
Balance at Jun. 30, 2024 $ 94 93,985 103,322 (6,923) (31,597) 158,881
Balance (in shares) at Mar. 31, 2024 9,442,796          
Balance at Mar. 31, 2024 $ 94 93,763 106,202 (7,088) (32,465) 160,506
Net (loss) income     (2,219)     (2,219)
Restricted stock award grants net of forfeitures (in shares) 12,151          
Restricted stock award grants net of forfeitures           0
Restricted stock awards canceled (in shares) (1,700)          
Restricted stock awards canceled   (18)       (18)
Other comprehensive income, net of tax         868 868
Share-based compensation expense   257       257
ESOP shares committed to be released   (17)        
ESOP shares committed to be released       165   148
Cash dividends declared     (661)     (661)
Balance (in shares) at Jun. 30, 2024 9,453,247          
Balance at Jun. 30, 2024 $ 94 93,985 103,322 (6,923) (31,597) $ 158,881
Balance (in shares) at Dec. 31, 2024 9,353,348         9,353,348
Balance at Dec. 31, 2024 $ 93 93,357 97,198 (6,594) (30,172) $ 153,882
Net (loss) income (5,375) (5,375)
Restricted stock award grants net of forfeitures (in shares) 101,210          
Restricted stock award grants net of forfeitures $ 1         1
Restricted stock awards canceled (in shares) (9,595)          
Restricted stock awards canceled   (99)       (99)
Other comprehensive income, net of tax         1,974 1,974
Share-based compensation expense   405       405
ESOP shares committed to be released   (68)        
ESOP shares committed to be released       330   262
Cash dividends declared     (1,317)     (1,317)
Common stock repurchased $ 0 0 0 $ 0
Balance (in shares) at Jun. 30, 2025 9,444,963         9,444,963
Balance at Jun. 30, 2025 $ 94 93,595 90,506 (6,264) (28,198) $ 149,733
Balance (in shares) at Mar. 31, 2025 9,440,618          
Balance at Mar. 31, 2025 $ 94 93,450 87,506 (6,429) (28,129) 146,492
Net (loss) income     3,661     3,661
Restricted stock award grants net of forfeitures (in shares) 6,661          
Restricted stock award grants net of forfeitures $ 0         0
Restricted stock awards canceled (in shares) (2,316)          
Restricted stock awards canceled   (23)       (23)
Other comprehensive income, net of tax         (69) (69)
Share-based compensation expense   211       211
ESOP shares committed to be released   (43)        
ESOP shares committed to be released       165   122
Cash dividends declared     (661)     $ (661)
Balance (in shares) at Jun. 30, 2025 9,444,963         9,444,963
Balance at Jun. 30, 2025 $ 94 $ 93,595 $ 90,506 $ (6,264) $ (28,198) $ 149,733