XML 60 R45.htm IDEA: XBRL DOCUMENT
v3.25.0.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
INCOME TAXES |
Schedule of income tax expense | Income tax expense is summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | 2024 |  | 2023 |  | 2022
Federal: |  | ​ |  |  | ​ |  |  | ​ |
Currently payable | ​ | $ | 11,028 | ​ | $ | 9,047 | ​ | $ | 11,016
Deferred | ​ |  | (3,067) | ​ |  | 263 | ​ |  | 2,277
​ | ​ |  | 7,961 | ​ |  | 9,310 | ​ |  | 13,293
State: | ​ |  |  | ​ |  |  | ​ |  |
Currently payable | ​ |  | 2,131 | ​ |  | 2,302 | ​ |  | 2,485
Deferred | ​ |  | (213) | ​ |  | 209 | ​ |  | 873
​ | ​ |  | 1,918 | ​ |  | 2,511 | ​ |  | 3,358
TOTAL | ​ | $ | 9,879 | ​ | $ | 11,821 | ​ | $ | 16,651
Schedule of reconciliation of income tax expense | The reconciliation of income tax expense with the amount computed by applying the statutory federal income tax rate of 21% to income before income taxes is summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | 2024 |  | 2023 |  | 2022
Federal income taxes computed at the statutory rate | ​ | $ | 12,002 | ​ | $ | 15,223 | ​ | $ | 18,430
Add (deduct) tax effect of: | ​ |  |  | ​ |  |  | ​ |  |
Tax exempt income | ​ |  | (3,395) | ​ |  | (3,548) | ​ |  | (3,439)
ESOP dividend deduction | ​ |  | (73) | ​ |  | (107) | ​ |  | (103)
State tax, net of federal benefit | ​ |  | 1,515 | ​ |  | 1,984 | ​ |  | 2,653
General business tax credits | ​ |  | (542) | ​ |  | (1,720) | ​ |  | (674)
Other, net | ​ |  | 372 | ​ |  | (11) | ​ |  | (216)
TOTAL | ​ | $ | 9,879 | ​ | $ | 11,821 | ​ | $ | 16,651
Schedule of deferred tax assets and liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 31, 2024 and 2023, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | 2024 |  | 2023
Deferred tax assets: |  | ​ |  |  | ​ |
Other than temporary impairment | ​ | $ | 742 | ​ | $ | 739
Net unrealized losses on retirement plans | ​ |  | 1,493 | ​ |  | 3,497
Net unrealized loss on available for sale securities | ​ |  | 38,000 | ​ |  | 35,358
Loan loss provisions | ​ |  | 11,543 | ​ |  | 9,772
Unfunded commitments | ​ |  | 530 | ​ |  | 528
Deferred compensation | ​ |  | 1,863 | ​ |  | 1,711
Compensated absences | ​ |  | 814 | ​ |  | 783
Post-retirement benefits | ​ |  | 1,188 | ​ |  | 1,218
Lease liability | ​ |  | 1,953 | ​ |  | 1,463
Other | ​ |  | 4,147 | ​ |  | 3,808
GROSS DEFERRED ASSETS | ​ |  | 62,273 | ​ |  | 58,877
Deferred tax liabilities: | ​ |  |  | ​ |  |
Depreciation | ​ |  | (236) | ​ |  | (350)
Mortgage servicing rights | ​ |  | (204) | ​ |  | (310)
Pensions | ​ |  | (1,594) | ​ |  | (1,458)
Right-of-use asset | ​ |  | (1,927) | ​ |  | (1,452)
Intangibles | ​ |  | (6,246) | ​ |  | (6,318)
Purchase accounting | ​ |  | (189) | ​ |  | (157)
Other | ​ |  | (3,860) | ​ |  | (4,732)
GROSS DEFERRED LIABILITIES | ​ |  | (14,256) | ​ |  | (14,777)
NET DEFERRED TAX ASSETS | ​ | $ | 48,017 | ​ | $ | 44,100
Schedule of reconciliation of unrecognized tax benefits | Unrecognized Tax Benefits — A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | 2024 |  | 2023 |  | 2022
Balance at January 1 | ​ | $ | 826 | ​ | $ | 858 | ​ | $ | 808
Additions based on tax positions related to the current year | ​ |  | 126 | ​ |  | 74 | ​ |  | 59
Additions based on tax positions related to prior years | ​ |  | — | ​ |  | — | ​ |  | —
Reductions due to the statute of limitations | ​ |  | (174) | ​ |  | (106) | ​ |  | (9)
Balance at December 31 | ​ | $ | 778 | ​ | $ | 826 | ​ | $ | 858

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration