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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract] |
Impact of ASC 326 Adoption | The following table illustrates the impact of the adoption of the CECL model under ASC 326 on the Company’s consolidated statements of financial position as of January 1, 2023:
|  | Pre-CECL Adoption |  |  | Impact of CECL Adoption |  |  | As Reported Under CECL |
|  | (In thousands) |
Assets: |  |  |  |  |  |  |  |  |
Allowance for credit losses on available-for-sale securities |  | $ | – |  |  | $ | – |  |  | $ | – |
Allowance for credit losses on loans |  |  | 4,388 |  |  |  | 1,809 |  |  |  | 6,197 |
Deferred tax assets |  |  | 11,872 |  |  |  | 508 |  |  |  | 12,380 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses on off-balance sheet exposures |  |  | 412 |  |  |  | (45 | ) |  |  | 367 |
Stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  |  | 9,294 |  |  |  | (1,256 | ) |  |  | 8,038 |

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482989/270-10-45-12 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482989/270-10-45-13 + Details
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