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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Unearned Compensation ESOP [Member]
Treasury Stock [Member]
Total
Balance at Dec. 31, 2018   $ 45,895 $ 83,351 $ (255) $ (2,619) $ (788) $ 125,584
Balance (in shares) at Dec. 31, 2018 [1] 19,455,503            
Increase (Decrease) in Stockholders' Equity              
Net income     10,808       10,808
Other comprehensive income       713     713
Stock-based compensation expense   999         999
Restricted stock award grants net of forfeitures (in shares) [1] 5,907            
Corporate reorganization:              
Conversion of Provident Bancorp $ 195 91,383         91,578
Conversion of Provident Bancorp (in shares) [1] (788,152)            
Purchase by ESOP   8,170     (8,170)    
Purchase by ESOP (in shares) [1] 816,992            
Treasury stock retired   (788)       $ 788  
Contribution from Provident Bancorp   372         372
Shares surrendered related to tax withholdings on restricted stock awards   (193)         (193)
Shares surrendered related to tax withholdings on restricted stock awards (in shares) [1] (16,432)            
ESOP shares earned   336     736   1,072
Balance at Dec. 31, 2019 $ 195 146,174 94,159 458 (10,053)   230,933
Balance (in shares) at Dec. 31, 2019 [1] 19,473,818            
Increase (Decrease) in Stockholders' Equity              
Net income     11,985       11,985
Dividends declared     (1,636)       (1,636)
Other comprehensive income       600     600
Stock-based compensation expense   1,089         1,089
Restricted stock award grants net of forfeitures $ 3 (3)          
Restricted stock award grants net of forfeitures (in shares) [1] 311,769            
Repurchase of common stock $ (7) (7,818)         (7,825)
Repurchase of common stock (in shares) [1] (724,741)            
Corporate reorganization:              
Shares surrendered related to tax withholdings on restricted stock awards   (131)         (131)
Shares surrendered related to tax withholdings on restricted stock awards (in shares) [1] (13,302)            
ESOP shares earned   139     702   841
Balance at Dec. 31, 2020 $ 191 $ 139,450 $ 104,508 $ 1,058 $ (9,351)   $ 235,856
Balance (in shares) at Dec. 31, 2020 [1] 19,047,544            
[1] Share amounts related to periods prior to the date of the Conversion (October 16, 2019) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (2.0212-to-one) (see Note 1).