XML 53 R40.htm IDEA: XBRL DOCUMENT v3.25.4

Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Cash taxes paid for the year ended December 31:

			2025
Federal			$	2,200

Components of the Consolidated Provision for Federal Income Taxes

Components of the consolidated provision for federal income taxes are summarized as follows for the years ended December 31:

			2025						2024						2023
Federal tax expense			$	5,175					$	2,819					$	2,657
Deferred expense (benefit)			38						(310)						1,008
Income tax expense			$	5,213					$	2,509					$	3,665

Summary of Federal Income Tax Expense

Income tax expense for the year ended December 31, 2025 differed from the federal statutory rate applied to income before income taxes for the following reasons in accordance with ASU 2023-09:

			2025
			Amount						% of Pretax Income
U.S. federal statutory tax rate			$	5,066					21.00		%
Tax credits
Low income housing (1)			(181)						(0.75)		%
Other			(68)						(0.28)		%
Nontaxable or nondeductible Items
Tax-exempt interest			(387)						(1.60)		%
BOLI income			(240)						(0.99)		%
Other			53						0.22		%
Other adjustments
Deferred tax write off (2)			942						3.90		%
Other			28						0.11		%
Total			$	5,213					21.61		%

(1) Company has adopted proportional amortization for low income housing tax credits. Therefore, the tax credits category includes the tax credit and other tax benefits, net of the proportional amortization.

(2) Prior period adjustment relates to deferred tax assets no longer realizable due to statute expiration.

Income tax expense for the years ended December 31, 2024 and 2023 differed from the federal statutory rate applied to income before income taxes for the following reasons before the adoption of ASU 2023-09:

			2024						2023
Income taxes at statutory rate			$	3,444					$	4,585
Effect of nontaxable income
Interest income on tax exempt municipal securities			(490)						(552)
Earnings on corporate owned life insurance policies			(211)						(193)
Other			497						292
Total effect of nontaxable income			(204)						(453)
Effect of nondeductible expenses			93						86
Effect of tax credits			(824)						(602)
Unrecognized deferred tax benefit			—						49
Federal income tax expense			$	2,509					$	3,665

Summary of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities, measured at the 21% statutory rate, included in other assets on our consolidated balance sheets, are summarized as follows as of December 31:

			2025						2024
Deferred tax assets
Allowance for credit losses			$	2,928					$	2,715
Deferred compensation			1,176						1,148
Employee benefit plans			236						112
Core deposit premium and acquisition expenses			—						764
Net unrealized losses on AFS securities			1,913						5,529
Net unrecognized actuarial losses on pension plan			10						105
Life insurance death benefit payable			576						497
Contract incentives			451						46
Lease liability			213						273
Other			505						494
Total deferred tax assets			8,008						11,683
Deferred tax liabilities
Prepaid pension cost			(310)						(294)
Premises and equipment			(1,571)						(1,592)
Accretion on securities			(552)						(482)
Core deposit premium and acquisition expenses			(813)						(1,059)
Deferred loan costs, net			(628)						(699)
Right of use asset			(213)						(273)
Other			(576)						(190)
Total deferred tax liabilities			(4,663)						(4,589)
Net deferred tax assets (liabilities)			$	3,345					$	7,094

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-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

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration