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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of income tax expense (benefit) are as follows:
| For the Years Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |
Federal | $ | 5,018 |  |  | $ | 5,350 |  |  | $ | 4,423 |
State | 897 |  |  | 671 |  |  | 1,392 |
Deferred: |  |  |  |  |
Federal | (608) |  |  | (636) |  |  | 1,097 |
State | (90) |  |  | (220) |  |  | 150 |
Total income tax expense | $ | 5,217 |  |  | $ | 5,165 |  |  | $ | 7,062 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of expected income tax expense (benefit), computed by applying the effective federal statutory rate of 21% for each year to income before income tax expense is as follows:
| For the Years Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Expected income tax expense | $ | 7,103 |  |  | $ | 6,385 |  |  | $ | 7,868 |
(Reductions) increases resulting from: |  |  |  |  |
Tax-exempt income | (1,673) |  |  | (1,588) |  |  | (1,755) |
State taxes, net of federal benefit | 638 |  |  | 356 |  |  | 1,218 |
Share-based compensation adjustment | 92 |  |  | 70 |  |  | (281) |
Federal tax credits | (357) |  |  | (336) |  |  | (158) |
Other, net | (586) |  |  | 278 |  |  | 170 |
Total income tax expense | $ | 5,217 |  |  | $ | 5,165 |  |  | $ | 7,062 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences which give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:
| December 31,
(In thousands) | 2021 |  | 2020
Deferred tax assets: |  |  |
Allowance for credit losses | $ | 2,866 |  |  | $ | 2,858 |
ASC 715 pension funding liability | 1,952 |  |  | 4,656 |
Supplemental executive retirement plan accrual | 2,293 |  |  | 2,220 |
Stock compensation | 1,875 |  |  | 1,794 |
Lease liability | 1,145 |  |  | 1,436 |
Other | 633 |  |  | — |
Total deferred tax assets | $ | 10,764 |  |  | $ | 12,964 |
Deferred tax liabilities: |  |  |
Premises and equipment | $ | (2,235) |  |  | $ | (2,693) |
Pension | (531) |  |  | (14) |
Intangible assets | (1,493) |  |  | (1,761) |
Unrealized gain on investment securities available-for-sale | (2,185) |  |  | (4,684) |
Right of use asset | (1,032) |  |  | (1,291) |
Other | (497) |  |  | (224) |
Total deferred tax liabilities | $ | (7,973) |  |  | $ | (10,667) |
Net deferred tax assets | $ | 2,791 |  |  | $ | 2,297 |
Schedule of Unrecognized Tax Benefits Roll Forward | The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is presented in the following table:
(In thousands) | 2021 |  | 2020 |  | 2019
Balance at January 1 | $ | 1,231 |  |  | $ | 1,299 |  |  | $ | 1,403 |
Changes in unrecognized tax benefits as a result of tax positions taken during a prior year | 165 |  |  | 62 |  |  | 56 |
Changes in unrecognized tax benefits as a result of tax position taken during the current year | 239 |  |  | 233 |  |  | 171 |
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations | (230) |  |  | (315) |  |  | (331) |
Decreases in unrecognized tax benefits as a result of settlements with taxing authorities | — |  |  | (48) |  |  | — |
Balance at December 31 | $ | 1,405 |  |  | $ | 1,231 |  |  | $ | 1,299 |

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