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Parent Company Condensed Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheet [Table Text Block] |
(In thousands) |  | December 31, 2021 |  |  | December 31, 2020 |
ASSETS |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 3,464 |  |  | $ | 221 |
Securities, not readily marketable |  |  | 100 |  |  |  | 100 |
Investment in subsidiaries |  |  | 81,907 |  |  |  | 57,646 |
Other assets |  |  | 268 |  |  |  | 2,175 |
Total assets |  | $ | 85,739 |  |  | $ | 60,142 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Other liabilities |  | $ | 552 |  |  | $ | 129 |
Shareholders’ equity |  |  | 85,187 |  |  |  | 60,013 |
Total liabilities and shareholders’ equity |  | $ | 85,739 |  |  | $ | 60,142 |
Condensed Income Statement [Table Text Block] |
(In thousands) |  | 2021 |  |  | 2020 |
Income from subsidiaries |  | $ | 18,158 |  |  | $ | 11,710 |
Other income |  |  | 736 |  |  |  | 527 |
Total income |  |  | 18,894 |  |  |  | 12,237 |
Non-interest expense: |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 946 |  |  |  | 682 |
Professional and administrative |  |  | 297 |  |  |  | 267 |
Other |  |  | 826 |  |  |  | 527 |
Total non-interest expense |  |  | 2,069 |  |  |  | 1,476 |
Income before income taxes |  |  | 16,825 |  |  |  | 10,761 |
Income tax benefit |  |  | 209 |  |  |  | 164 |
Net Income |  | $ | 17,034 |  |  | $ | 10,925 |
Comprehensive Income (Loss) [Table Text Block] |
(In thousands) |  | 2021 |  |  | 2020 |
Net Income |  | $ | 17,034 |  |  | $ | 10,925 |
Other comprehensive (loss) income: |  |  |  |  |  |  |  |
Change in unrealized (loss) gain on investment securities available for sale |  |  | (502 | ) |  |  | 19 |
Tax effect |  |  | (106 | ) |  |  | 5 |
Other comprehensive (loss) income |  |  | (396 | ) |  |  | 14 |
Comprehensive income |  | $ | 16,638 |  |  | $ | 10,939 |
Condensed Cash Flow Statement [Table Text Block] |
(In thousands) |  | 2021 |  |  | 2020 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |
Net income |  | $ | 17,034 |  |  | $ | 10,925 |
Adjustments to reconcile net income to net cash used in operating activities: |  |  |  |  |  |  |  |
Equity in income of subsidiaries |  |  | (18,158 | ) |  |  | (11,710 | )
Stock based compensation |  |  | 330 |  |  |  | 151 |
Net change in other assets |  |  | 1,907 |  |  |  | (1,703 | )
Net change in other liabilities |  |  | 422 |  |  |  | - |
Net cash provided by (used in) operating activities |  |  | 1,535 |  |  |  | (2,337 | )
Cash Flows from Investing Activities |  |  |  |  |  |  |  |
Contributions to subsidiaries |  |  | (9,310 | ) |  |  | - |
Distributions from subsidiaries |  |  | 13,461 |  |  |  | 2,571 |
Net cash provided by investing activities |  |  | 4,151 |  |  |  | 2,571 |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |
Proceeds from issuance of common shares |  |  | 400 |  |  |  | - |
Dividends paid on Series B Preferred Shares |  |  | (1,552 | ) |  |  | (1,552 | )
Dividends on common shares |  |  | (1,291 | ) |  |  | - |
Net cash used in financing activities |  |  | (2,443 | ) |  |  | (1,552 | )
Net change in cash and cash equivalents |  |  | 3,243 |  |  |  | (1,318 | )
Cash and cash equivalents at beginning of period |  |  | 221 |  |  |  | 1,539 |
Cash and cash equivalents at end of period |  | $ | 3,464 |  |  | $ | 221 |
Supplemental disclosures of cash flow information |  |  |  |  |  |  |  |
Cash paid during the year for: |  |  |  |  |  |  |  |
Income taxes |  | $ | 5,427 |  |  | $ | 700 |

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