XML 62 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1

Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(Dollar amounts in thousands)		2024				2023
Current payable		$	2,627			$	4,092
Deferred			198				(705	)
Total provision		$	2,825			$	3,387

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(Dollar amounts in thousands)		2024				2023
Deferred tax assets:
Allowance for credit losses		$	4,714			$	4,469
Supplemental retirement plan			839				959
Investment security basis adjustment			18				18
Nonaccrual interest income			533				387
Accrued compensation			443				494
Deferred origination fees, net			-				878
Net unrealized loss on AFS securities			5,336				4,277
Lease liability			802				111
Acquisition fair value adjustments			64				77
Other			394				374
Gross deferred tax assets			13,143				12,044
Deferred tax liabilities:
Premises and equipment			1,041				961
Deferred origination fees, net			268				-
Net unrealized gain on equity securities			19				27
FHLB stock dividends			64				115
Intangibles			478				478
Mortgage servicing rights			314				344
Right of use assets			758				843
Other			103				39
Gross deferred tax liabilities			3,045				2,807
Net deferred tax assets		$	10,098			$	9,237

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2024								2023
						% of								% of
						Pretax								Pretax
(Dollar amounts in thousands)		Amount				Income				Amount				Income
Provision at statutory rate		$	3,852				21.0	%		$	4,358				21.0	%
Tax-exempt income			(1,088	)			(5.9	)%			(1,044	)			(5.0	)%
Nondeductible interest expense			42				0.2	%			22				0.1	%
Other			19				0.1	%			51				0.1	%
Actual tax expense and effective rate		$	2,825				15.4	%		$	3,387				16.2	%

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

X

- References

No definition available.

+ Details

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