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Federal Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Federal Income Taxes [Abstract] |
Schedule Of Deferred Tax Assets And Liabilities | (Dollars in thousands) Deferred Tax Assets 2021 2020Allowance for loan losses $ 3,197 $ 3,561Deferred compensation 908 761Purchase accounting 18 17Other than temporary impairment of investments 58 58Accumulated other comprehensive loss 145 —Lease liabilities 1,030 1,131Other 354 581 5,710 6,109Valuation allowance (58) (58)Total gross deferred tax assets 5,652 6,051 Deferred Tax Liabilities Depreciation 102 464Right-of-use asset 1,010 1,118Joint ventures and partnerships 51 55Pension 901 1,163Accumulated other comprehensive gain — 848Deferred loan fees and costs, net 274 2Total gross deferred tax liabilities 2,338 3,650Net deferred tax asset $ 3,314 $ 2,401
Schedule Of Components Of Income Tax Expense (Benefit) | For the Years Ended December 31 (Dollars in thousands) 2021 2020 Current tax expense (benefit) $ 3,308 $ 2,210 Tax benefit NOL carryback — (1,113) Deferred tax (benefit) expense 90 (839) Income tax provision $ 3,398 $ 258
Schedule Of Effective Income Tax Rate Reconciliation | For the Years Ended December 31 (Dollars in thousands) 2021 2020 Tax provision at statutory rate $ 4,833 $ 2,747 Income on tax-exempt loans and securities (1,190) (1,144) Tax benefit NOL carryback — (1,113) Investment in solar tax credit (162) — Nondeductible interest expense relating to carrying tax-exempt obligations 26 43 Income from bank owned life insurance (146) (269) Stock option compensation 5 — Other, net 32 (6) Income tax provision $ 3,398 $ 258 Effective income tax rate 14.8% 2.0%

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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=121826272&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=121826272&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=121826272&loc=d3e32687-109319 + Details
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