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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Components of the Provision for Federal Income Taxes |
| Years Ended December 31,
| 2024 |  | 2023
| (In Thousands)
Current | $ | 27 |  | $ | 3,804
Deferred |  | (125) |  |  | 583
| $ | (98) |  | $ | 4,387
Schedule of Effective Income Tax Rate Reconciliation |
| Percentage of Income |
| Before Income Taxes |
| Years Ended December 31, |
| 2024 |  |  | 2023 |
Tax at statutory rates | 21.0 | % |  | 21.0 | %
Tax exempt interest income, net of interest expense disallowance | 157.0 |  |  | (2.0) |
Earnings and proceeds on life insurance | 86.0 |  |  | (0.7) |
State tax expense | (193.5) |  |  | 2.4 |
Other | (32.5) |  |  | — |
| 38.0 | % |  | 20.7 | %
Schedule of Deferred Tax Assets and Liabilities |
| 2024 |  | 2023
| (In Thousands)
Deferred tax assets: |  |  |  |  |
Allowance for credit losses | $ | 4,751 |  | $ | 4,447
Deferred compensation |  | 860 |  |  | 867
Core deposit intangible |  | 145 |  |  | 175
Pension liability |  | 292 |  |  | 282
Net operating loss carryforward |  | 745 |  |  | 745
Current year net operating loss carry forward |  | 1,125 |  |  | —
Purchase price adjustment |  | 954 |  |  | 1,278
Net unrealized loss on securities |  | 8,913 |  |  | 12,717
Other |  | 2,966 |  |  | 3,447
Total Deferred Tax Assets |  | 20,751 |  |  | 23,958
Deferred tax liabilities: |  |  |  |  |
Premises and equipment |  | 1,451 |  |  | 1,047
Deferred loan fees |  | 1,495 |  |  | 1,427
Net unrealized gain on pension liability |  | 109 |  |  | 131
Total Deferred Tax Liabilities |  | 3,055 |  |  | 2,605
Net Deferred Tax Asset | $ | 17,696 |  | $ | 21,353

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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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- 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
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