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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Provision for Income Taxes | The consolidated provision for income taxes was as follows as of December 31:
|  | 2024 |  |  | 2023 |  |  | 2022 |
Current federal tax expense |  | $ | 7,309 |  |  | $ | 6,784 |  |  | $ | 9,991 |
Deferred federal tax expense (benefit) |  |  | 164 |  |  |  | 346 |  |  |  | (1,157 | )
Total |  | $ | 7,473 |  |  | $ | 7,130 |  |  | $ | 8,834 |
Schedule of Effective Income Tax Rate Reconciliation | The provision for federal income taxes differs from that computed by applying federal statutory rates to income before federal income tax expense, as indicated in the following analysis as of December 31:
|  | 2024 |  |  | 2023 |  |  | 2022 |
Federal statutory income tax at 21% |  | $ | 8,182 |  |  | $ | 7,799 |  |  | $ | 10,344 |
Tax exempt interest income |  |  | (846 | ) |  |  | (944 | ) |  |  | (1,076 | )
Earnings of bank owned life insurance |  |  | (213 | ) |  |  | (198 | ) |  |  | (177 | )
Nondeductible expenses |  |  | 655 |  |  |  | 669 |  |  |  | 277 |
Other |  |  | (305 | ) |  |  | (196 | ) |  |  | (534 | )
Total |  | $ | 7,473 |  |  | $ | 7,130 |  |  | $ | 8,834 |
Schedule of Deferred Tax Asset and Liabilities | The following table summarizes the components of our deferred tax assets and liabilities as of December 31, 2024 and 2023. Our net deferred tax assets are included in other assets in the accompanying consolidated balance sheets.
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |
Allowance for credit losses |  | $ | 5,941 |  |  | $ | 6,493 |
Deferred compensation |  |  | 1,399 |  |  |  | 1,271 |
Net unrealized loss on available for sale securities |  |  | 3,993 |  |  |  | 4,029 |
Bonus accrual |  |  | 416 |  |  |  | 385 |
Deferred loan fees, net |  |  | 59 |  |  |  | 163 |
Accretion of acquisition allowance |  |  | 23 |  |  |  | 37 |
Other real estate owned |  |  | — |  |  |  | — |
Other |  |  | 177 |  |  |  | 297 |
Total deferred tax assets |  |  | 12,008 |  |  |  | 12,675 |
Deferred tax liabilities: |  |  |  |  |  |
Premises and equipment |  |  | (892 | ) |  |  | (1,187 | )
Prepaid expenses |  |  | (396 | ) |  |  | (375 | )
Intangibles |  |  | (166 | ) |  |  | (196 | )
Other |  |  | (15 | ) |  |  | (178 | )
Total deferred tax liabilities |  |  | (1,469 | ) |  |  | (1,936 | )
Net deferred tax asset |  | $ | 10,539 |  |  | $ | 10,739 |

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