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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Schedule of deferred tax assets and deferred tax liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, | ​ | December 31,
(In Thousands) |  | 2024 |  | 2023
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses on securities | ​ | $ | 10,459 | ​ | $ | 10,335
Allowance for credit losses on loans | ​ | ​ | 4,400 | ​ | ​ | 4,230
Purchase accounting adjustments on loans | ​ | ​ | 333 | ​ | ​ | 470
Deferred compensation | ​ |  | 1,465 | ​ |  | 1,352
Deferred loan origination fees | ​ |  | 697 | ​ |  | 731
Operating leases liability | ​ |  | 692 | ​ |  | 787
Accrued incentive compensation | ​ | ​ | 678 | ​ | ​ | 463
Net operating loss carryforward | ​ | ​ | 423 | ​ | ​ | 541
Other deferred tax assets | ​ |  | 1,520 | ​ |  | 1,316
Total deferred tax assets | ​ |  | 20,667 | ​ |  | 20,225
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  |  | ​ |  |
Right-of-use assets from operating leases | ​ | ​ | 692 | ​ | ​ | 787
Core deposit intangibles | ​ |  | 456 | ​ |  | 544
Bank premises and equipment | ​ |  | 290 | ​ |  | 291
Defined benefit plans - ASC 835 | ​ |  | 90 | ​ |  | 119
BOLI surrender | ​ | ​ | 0 | ​ | ​ | 950
Other deferred tax liabilities | ​ | ​ | 41 | ​ | ​ | 93
Total deferred tax liabilities | ​ |  | 1,569 | ​ |  | 2,784
Deferred tax asset, net | ​ | $ | 19,098 | ​ | $ | 17,441
Schedule of components of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | 2024 | ​ | 2023 |  | 2022
Currently payable | ​ | $ | 7,417 | ​ | $ | 5,499 | ​ | $ | 5,998
Tax expense resulting from allocations of certain tax benefits to equity or as a reduction in other assets |  | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 134
Deferred |  | ​ | (1,504) | ​ | ​ | 836 | ​ | ​ | (400)
Total provision | ​ | $ | 5,913 | ​ | $ | 6,335 | ​ | $ | 5,732
Schedule of reconciliation of income tax | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 | ​ | 2023 | ​ | 2022
(Dollars In Thousands) |  | Amount |  | % | ​ | Amount |  | % |  | Amount |  | %
Expected provision | ​ | $ | 6,693 |  | 21.0 | ​ | $ | 6,401 |  | 21.0 | ​ | $ | 6,794 |  | 21.0
Tax-exempt interest income | ​ |  | (964) |  | (3.0) | ​ |  | (964) |  | (3.2) | ​ |  | (1,029) |  | (3.2)
Increase in cash surrender value and other income from life insurance, net | ​ |  | (369) |  | (1.2) | ​ |  | (586) |  | (1.9) | ​ |  | (103) |  | (0.3)
ESOP dividends | ​ |  | (144) |  | (0.5) | ​ |  | (143) |  | (0.5) | ​ |  | (130) |  | (0.4)
Surrender of bank-owned life insurance | ​ | ​ | 0 | ​ | 0.0 | ​ | ​ | 950 | ​ | 3.1 | ​ | ​ | 0 | ​ | 0.0
State income tax, net of federal benefit | ​ |  | 297 |  | 0.9 | ​ |  | 329 |  | 1.1 | ​ |  | 296 |  | 0.9
Nondeductible interest expense | ​ |  | 368 |  | 1.3 | ​ |  | 283 |  | 0.9 | ​ | ​ | 87 | ​ | 0.3
Other, net | ​ |  | 32 |  | 0.1 | ​ |  | 65 |  | 0.3 | ​ |  | (183) |  | (0.6)
Effective income tax provision | ​ | $ | 5,913 |  | 18.6 | ​ | $ | 6,335 |  | 20.8 | ​ | $ | 5,732 |  | 17.7

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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