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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

(Dollars in thousands)
		2024				2023				2022
Provision for Income Taxes
Current federal income tax expense		$	6,633			$	4,330			$	4,033
Deferred federal income tax expense/(benefit)			(271	)			(24	)			(15	)
Income tax expense		$	6,362			$	4,306			$	4,018
Reconciliation of Income Tax Provision to Statutory Rate
Income tax computed at statutory federal rate of 21%		$	6,949			$	5,369			$	5,808
Tax exempt interest income			(1,214	)			(1,206	)			(1,323	)
Tax exempt earnings on bank-owned life insurance			(406	)			(230	)			(276	)
Tax credits			(264	)			(282	)			(289	)
Disallowed interest expense			1,061				752				179
Nondeductible merger expenses			185				-				-
Other items			51				(97	)			(81	)
Income tax expense		$	6,362			$	4,306			$	4,018
Effective income tax rate			19	%			17	%			15	%

Schedule of Deferred Tax Assets and Liabilities

(Dollars in thousands)
Components of Deferred Tax Assets and Liabilities		2024				2023
Deferred tax assets:
Purchase accounting adjustments from mergers with County and Community Shores		$	273			$	529
Allowance for credit losses			3,476				3,294
Unrealized losses on securities available for sale			14,942				15,279
Net operating loss carryforward			427				466
Unfunded commitment reserve			312				454
Compensation			816				588
Other			658				520
Total deferred tax assets			20,904				21,130
Deferred tax liabilities:
Purchase accounting adjustments from mergers with County and Community Shores			442				622
Loan servicing rights			709				805
Depreciation			637				534
Interest rate derivative contracts			4,900				1,568
Deferred loan fees and costs, net			67				75
Other			384				363
Total deferred tax liabilities			7,139				3,967
Net deferred tax asset (liability)		$	13,765			$	17,163

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- References

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- 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

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- 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
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-Name Accounting Standards Codification
-Section 50
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-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

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