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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Schedule of deferred tax assets and deferred tax liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, | ​ | December 31,
(In Thousands) |  | 2023 |  | 2022
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses on securities | ​ | $ | 10,335 | ​ | $ | 13,391
Allowance for credit losses on loans | ​ | ​ | 4,230 | ​ | ​ | 3,648
Purchase accounting adjustments on loans | ​ |  | 470 | ​ |  | 938
Deferred compensation | ​ |  | 1,352 | ​ |  | 1,149
Operating leases liability | ​ |  | 787 | ​ |  | 907
Deferred loan origination fees | ​ |  | 731 | ​ |  | 779
Net operating loss carryforward | ​ | ​ | 541 | ​ | ​ | 659
Accrued incentive compensation | ​ | ​ | 463 | ​ | ​ | 354
Other deferred tax assets | ​ |  | 1,316 | ​ |  | 1,115
Total deferred tax assets | ​ |  | 20,225 | ​ |  | 22,940
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  |  | ​ |  |
BOLI surrender | ​ | ​ | 950 | ​ | ​ | 0
Defined benefit plans - ASC 835 | ​ |  | 119 | ​ |  | 129
Bank premises and equipment | ​ |  | 291 | ​ |  | 298
Core deposit intangibles | ​ |  | 544 | ​ |  | 633
Right-of-use assets from operating leases | ​ | ​ | 787 | ​ | ​ | 907
Other deferred tax liabilities | ​ |  | 93 | ​ |  | 89
Total deferred tax liabilities | ​ |  | 2,784 | ​ |  | 2,056
Deferred tax asset, net | ​ | $ | 17,441 | ​ | $ | 20,884
Schedule of components of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | 2023 | ​ | 2022 |  | 2021
Currently payable | ​ | $ | 5,499 | ​ | $ | 5,998 | ​ | $ | 8,386
Tax expense resulting from allocations of certain tax benefits to equity or as a reduction in other assets |  | ​ | 0 | ​ | ​ | 134 | ​ | ​ | 128
Deferred |  | ​ | 836 | ​ | ​ | (400) | ​ | ​ | (1,381)
Total provision | ​ | $ | 6,335 | ​ | $ | 5,732 | ​ | $ | 7,133
Schedule of reconciliation of income tax | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 | ​ | 2022 | ​ | 2021
(Dollars In Thousands) |  | Amount |  | % | ​ | Amount |  | % |  | Amount |  | %
Expected provision | ​ | $ | 6,401 |  | 21.0 | ​ | $ | 6,794 |  | 21.0 | ​ | $ | 7,914 |  | 21.0
Tax-exempt interest income | ​ |  | (964) |  | (3.2) | ​ |  | (1,029) |  | (3.2) | ​ |  | (921) |  | (2.4)
Increase in cash surrender value and other income from life insurance, net | ​ |  | (586) |  | (1.9) | ​ |  | (103) |  | (0.3) | ​ |  | (118) |  | (0.3)
ESOP dividends | ​ |  | (143) |  | (0.5) | ​ |  | (130) |  | (0.4) | ​ |  | (120) |  | (0.3)
Initiated surrender of bank-owned life insurance | ​ | ​ | 950 | ​ | 3.1 | ​ | ​ | 0 | ​ | 0.0 | ​ | ​ | 0 | ​ | 0.0
State income tax, net of Federal benefit | ​ |  | 329 |  | 1.1 | ​ |  | 296 |  | 0.9 | ​ |  | 375 |  | 1.0
Nondeductible interest expense | ​ |  | 283 |  | 0.9 | ​ |  | 87 | ​ | 0.3 | ​ | ​ | 52 | ​ | 0.1
Other, net | ​ |  | 65 |  | 0.3 | ​ |  | (183) |  | (0.6) | ​ |  | (49) |  | (0.1)
Effective income tax provision | ​ | $ | 6,335 |  | 20.8 | ​ | $ | 5,732 |  | 17.7 | ​ | $ | 7,133 |  | 18.9

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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