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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Weighted Average Number of Common Shares Outstanding

 

    Year Ended December 31,  
    2023     2022  
Weighted-average number of common shares outstanding used to calculate basic and diluted net earnings per common share     7,238,680       5,954,847  
Schedule of Accumulated and Other Comprehensive (Loss)

Accumulated other comprehensive loss consists of the following (in thousands):

 

    2023     2022  
    December 31,  
    2023     2022  
             
Unrealized loss on debt securities available for sale   $ (7,106 )   $ (7,786 )
Unamortized portion of unrealized loss related to debt securities available for sale transferred to debt securities held-to-maturity     (13 )     (18 )
Income tax benefit     1,804       1,978  
                 
Accumulated other comprehensive loss   $ (5,315 )   $ (5,826 )