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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
|  | 2023 |  |  | 2022 |  |  | 2021 |  |
Provision for Income Taxes |  |  |  |  |  |  |  |  |  |
Current federal income tax expense |  | $ | 4,330 |  |  | $ | 4,033 |  |  | $ | 3,532 |  |
Deferred federal income tax expense/(benefit) |  |  | (24 | ) |  |  | (15 | ) |  |  | 924 |  |
Income tax expense |  | $ | 4,306 |  |  | $ | 4,018 |  |  | $ | 4,456 |  |
Reconciliation of Income Tax Provision to Statutory Rate |  |  |  |  |  |  |  |  |  |
Income tax computed at statutory federal rate of 21% |  | $ | 5,369 |  |  | $ | 5,808 |  |  | $ | 5,565 |  |
Tax exempt interest income |  |  | (1,206 | ) |  |  | (1,323 | ) |  |  | (1,190 | ) |
Tax exempt earnings on bank-owned life insurance |  |  | (230 | ) |  |  | (276 | ) |  |  | (170 | ) |
Tax credits |  |  | (282 | ) |  |  | (289 | ) |  |  | (284 | ) |
Disallowed interest expense |  |  | 752 |  |  |  | 179 |  |  |  | 74 |  |
Other items |  |  | (97 | ) |  |  | (81 | ) |  |  | 461 |  |
Income tax expense |  | $ | 4,306 |  |  | $ | 4,018 |  |  | $ | 4,456 |  |
Effective income tax rate |  |  | 17 | % |  |  | 15 | % |  |  | 17 | % |
Schedule of Deferred Tax Assets and Liabilities |
(Dollars in thousands) |  |  |  |  |  |
Components of Deferred Tax Assets and Liabilities |  | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |
Purchase accounting adjustments from mergers with County and Community Shores |  | $ | 529 |  |  | $ | 945 |
Allowance for credit losses |  |  | 3,294 |  |  |  | 1,600 |
Unrealized losses on securities available for sale |  |  | 15,279 |  |  |  | 19,745 |
Net operating loss carryforward |  |  | 466 |  |  |  | 505 |
Unfunded commitment reserve |  |  | 454 |  |  |  | - |
Compensation |  |  | 347 |  |  |  | 299 |
Other |  |  | 761 |  |  |  | 716 |
Total deferred tax assets |  |  | 21,130 |  |  |  | 23,810 |
Deferred tax liabilities: |  |  |  |  |  |
Purchase accounting adjustments from mergers with County and Community Shores |  |  | 622 |  |  |  | 844 |
Loan servicing rights |  |  | 805 |  |  |  | 908 |
Depreciation |  |  | 534 |  |  |  | 605 |
Interest rate derivative contracts |  |  | 1,568 |  |  |  | 660 |
Deferred loan fees and costs, net |  |  | 75 |  |  |  | 15 |
Other |  |  | 363 |  |  |  | 404 |
Total deferred tax liabilities |  |  | 3,967 |  |  |  | 3,436 |
Net deferred tax asset (liability) |  | $ | 17,163 |  |  | $ | 20,374 |

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