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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, 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 loss 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 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, 2021 120,968 69 68,038   (5,004) 58,223 (358)
ESOP loan payment and release of ESOP shares 81   29   52    
Stock-based compensation expense 113   113        
Change in unrealized loss on investment securities available-for-sale, net of tax (2,653)           (2,653)
Common stock repurchase (3,942) (3) (3,939)        
Net income 1,791         1,791  
Ending balance at Mar. 31, 2022 $ 116,358 $ 66 $ 64,241   $ (4,952) $ 60,014 $ (3,011)
[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).