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Employee Stock Ownership Plan (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Employee Stock Ownership Plan (ESOP) Disclosures

The following table provides the allocated and unallocated shares of common stock associated with the ESOP.

 

 

September 30,
2024

 

 

December 31,
2023

 

 

(dollars in thousands)

 

Shares committed to be released

 

 

14,771

 

 

 

19,730

 

Total allocated shares

 

 

71,449

 

 

 

51,719

 

Total unallocated shares

 

 

419,291

 

 

 

434,062

 

Total ESOP shares

 

 

505,511

 

 

 

505,511

 

Fair value of unallocated shares (based on $10.10 and $6.99 share
   price as of September 30, 2024 and December 31, 2023, respectively)

 

$

4,235

 

 

$

3,034