XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Changes in Stockholders' Equity (unaudited) - USD ($)
$ in Thousands
Total
Common Stock
 [1]
Additional Paid In Capital
Treasury Stock
Unearned ESOP Shares
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2019 $ 77,167 $ 69 $ 33,366 $ (1,268) $ (2,571) $ 47,562 $ 9
ESOP loan payment and release of ESOP shares 30       30    
Purchase of treasury stock (80)   (80)        
Change in unrealized gain on investment securities available-for-sale, net of tax 121           121
Net income (loss) (1,298)         (1,298)  
Ending balance at Mar. 31, 2020 75,940 69 33,286 (1,268) (2,541) 46,264 130
Beginning balance at Dec. 31, 2019 77,167 69 33,366 (1,268) (2,571) 47,562 9
Net income (loss) 1,650            
Ending balance at Sep. 30, 2020 79,212 69 33,536 (1,268) (2,482) 49,213 144
Beginning balance at Mar. 31, 2020 75,940 69 33,286 (1,268) (2,541) 46,264 130
ESOP loan payment and release of ESOP shares 21   (8)   29    
Issuance of restricted stock awards 17   17        
Stock based compensation expense 141   141        
Change in unrealized gain on investment securities available-for-sale, net of tax 46           46
Net income (loss) 1,079         1,079  
Ending balance at Jun. 30, 2020 77,244 69 33,436 (1,268) (2,512) 47,343 176
ESOP loan payment and release of ESOP shares 20   (10)   30    
Stock based compensation expense 110   110        
Change in unrealized gain on investment securities available-for-sale, net of tax (32)           (32)
Net income (loss) 1,870         1,870  
Ending balance at Sep. 30, 2020 79,212 69 33,536 (1,268) (2,482) 49,213 144
Beginning balance at Dec. 31, 2020 80,785 69 33,628 (1,268) (2,453) 50,650 159
ESOP loan payment and release of ESOP shares 57   5   52    
Stock based compensation expense 110   110        
Change in unrealized gain on investment securities available-for-sale, net of tax (278)           (278)
Issuance of common stock (less stock offering expenses of $1,699) 32,448   32,448        
Issuance of shares and loan to ESOP     2,961   (2,961)    
Treasury stock retired     (1,268) 1,268      
Net income (loss) 2,132         2,132  
Ending balance at Mar. 31, 2021 115,254 69 67,884   (5,362) 52,782 (119)
Beginning balance at Dec. 31, 2020 80,785 69 33,628 $ (1,268) (2,453) 50,650 159
Net income (loss) 6,255            
Ending balance at Sep. 30, 2021 119,703 69 67,899   (5,056) 56,905 (114)
Beginning balance at Mar. 31, 2021 115,254 69 67,884   (5,362) 52,782 (119)
ESOP loan payment and release of ESOP shares 65   13   52    
Change in unrealized gain on investment securities available-for-sale, net of tax (77)           (77)
Net income (loss) 2,318         2,318  
Ending balance at Jun. 30, 2021 117,635 69 67,972   (5,310) 55,100 (196)
ESOP loan payment and release of ESOP shares 71   (183)   254    
Stock based compensation expense 110   110        
Change in unrealized gain on investment securities available-for-sale, net of tax 82           82
Net income (loss) 1,805         1,805  
Ending balance at Sep. 30, 2021 $ 119,703 $ 69 $ 67,899   $ (5,056) $ 56,905 $ (114)
[1] Amounts concerning shares related to periods prior to the date of the Conversion (January 20, 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (0.90686-to-one).