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Federal Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Federal Income Taxes [Abstract] |
Schedule Of Deferred Tax Assets And Liabilities |
(Dollars in thousands) |  |
Deferred Tax Assets |  | 2020 |  | 2019
Allowance for loan losses |  | $ | 3,561 |  | $ | 2,532
Deferred compensation |  |  | 761 |  |  | 762
Purchase accounting |  |  | 17 |  |  | 16
Other than temporary impairment of investments |  |  | 58 |  |  | 58
Lease liabilities |  |  | 1,131 |  |  | 1,092
Accumulated other comprehensive loss |  |  | — |  |  | 1,591
Other |  |  | 581 |  |  | 580
|  |  | 6,109 |  |  | 6,631
Valuation allowance |  |  | (58) |  |  | (58)
Total gross deferred tax assets |  |  | 6,051 |  |  | 6,573
Deferred Tax Liabilities |  |  |  |  |  |
Depreciation |  |  | 464 |  |  | 309
Right-of-use asset |  |  | 1,118 |  |  | 1,084
Joint ventures and partnerships |  |  | 55 |  |  | 46
Pension |  |  | 1,163 |  |  | 1,093
Accumulated other comprehensive gain |  |  | 848 |  |  | —
Deferred loan fees and costs, net |  |  | 2 |  |  | 38
Total gross deferred tax liabilities |  |  | 3,650 |  |  | 2,570
Net deferred tax asset |  | $ | 2,401 |  | $ | 4,003
Schedule Of Components Of Income Tax Expense (Benefit) |
|  | For the Years Ended December 31 |
(Dollars in thousands) |  | 2020 |  | 2019 |
Current tax expense (benefit) |  | $ | 2,210 |  | $ | 996 |
Tax benefit NOL carryback |  |  | (1,113) |  |  | — |
Deferred tax (benefit) expense |  |  | (839) |  |  | 1,884 |
Income tax provision |  | $ | 258 |  | $ | 2,880 |
Schedule Of Effective Income Tax Rate Reconciliation |
|  | For the Years Ended December 31 |
(Dollars in thousands) |  | 2020 |  | 2019 |
Tax provision at statutory rate |  | $ | 2,747 |  | $ | 3,992 |
Income on tax-exempt loans and securities |  |  | (1,144) |  |  | (1,134) |
Tax benefit NOL carryback |  |  | (1,113) |  |  | — |
Nondeductible interest expense relating to carrying tax-exempt obligations |  |  | 43 |  |  | 45 |
Income from bank owned life insurance |  |  | (269) |  |  | (148) |
Stock option compensation |  |  | — |  |  | — |
Other, net |  |  | (6) |  |  | 125 |
Income tax provision |  | $ | 258 |  | $ | 2,880 |
Effective income tax rate |  |  | 2.0% |  |  | 15.2% |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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