Retirement Plans - Summary of Shares Allocations are Accounted For Fair Value on The Date of Allocations (Detail) - USD ($) |
Mar. 31, 2021 |
Dec. 31, 2020 |
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Compensation And Retirement Disclosure [Abstract] | ||
Number of ESOP shares allocated | 170,419 | 170,419 |
Number of ESOP shares committed to be released | 7,832 | |
Total number of ESOP allocated and committed-to-be-released | 178,251 | 170,419 |
Number of non committed, unearned ESOP shares | 501,237 | 509,069 |
Total number of ESOP shares | 679,488 | 679,488 |
Fair value of ESOP allocated shares | $ 593,058 | $ 426,048 |
Fair value of ESOP Committed-to-be released shares | 27,255 | |
Total fair value of ESOP allocated and committed-to-be-released | 620,313 | 426,048 |
Fair value of ESOP unallocated shares | 1,744,305 | 1,272,672 |
Total fair value of ESOP shares | $ 2,364,618 | $ 1,698,720 |
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- Definition Employee stock ownership plan ESOP allocated shares and committed to be released fair value. No definition available.
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- Definition Employee stock ownership plan esop allocated shares fair value. No definition available.
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- Definition Employee stock ownership plan esop number of allocated shares and committed to be released shares. No definition available.
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- Definition Employee stock ownership plan ESOP shares committed to be released fair value No definition available.
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- Definition Employee stock ownership plan ESOP shares fair value. No definition available.
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- References No definition available.
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- Definition Fair value of unearned shares held by the employee stock ownership plan (ESOP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The shares or units in an ESOP trust that have been assigned to individual participant accounts based on a known formula. IRS rules require allocations to be nondiscriminatory generally based on compensation, length of service, or a combination of both. For any particular participant such shares or units may be vested, unvested, or partially vested. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The shares that, although not legally released, will be released by a future scheduled and committed debt service payment and will be allocated to employees for service rendered in the current accounting period. The ESOP documents typically define the period of service to which the shares relate. ESOP shares are released to compensate employees directly, to settle employer liabilities for other employee benefits, and to replace dividends on allocated shares that are used for debt service. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Shares contributed to the ESOP that have not yet been released, committed to be released, or allocated to participant accounts. Suspense shares generally collateralize ESOP debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the allocated, committed-to-be-released and suspense shares of the entity held by the plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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