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Income Taxes (Tables)

12 Months Ended

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
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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
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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.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Name Accounting Standards Codification
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