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Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Federal Income Taxes [Abstract]

Schedule Of Deferred Tax Assets And Liabilities

(Dollars in thousands)
Deferred Tax Assets		2022			2021
Allowance for loan losses		$	3,021		$	3,197
Deferred compensation			916			908
Purchase accounting			19			18
Other than temporary impairment of investments			—			58
Accumulated other comprehensive loss			13,633			145
Lease liabilities			1,309			1,030
Other			280			354
			19,178			5,710
Valuation allowance			—			(58)
Total gross deferred tax assets			19,178			5,652
Deferred Tax Liabilities
Depreciation			1,079			102
Right-of-use asset			1,281			1,010
Joint ventures and partnerships			45			51
Pension			711			901
Deferred loan fees and costs, net			432			274
Total gross deferred tax liabilities			3,548			2,338
Net deferred tax asset		$	15,630		$	3,314

Schedule Of Components Of Income Tax Expense (Benefit)

		For the Years Ended December 31
(Dollars in thousands)		2022			2021
Current tax expense (benefit)		$	1,385		$	3,308
Deferred tax (benefit) expense			1,172			90
Income tax provision		$	2,557		$	3,398

Schedule Of Effective Income Tax Rate Reconciliation

		For the Years Ended December 31
(Dollars in thousands)		2022			2021
Tax provision at statutory rate		$	3,674		$	4,833
Income on tax-exempt loans and securities			(1,113)			(1,190)
Investment in solar tax credit			—			(162)
Nondeductible interest expense relating to carrying tax-exempt obligations			47			26
Income from bank owned life insurance			(86)			(146)
Stock option compensation			5			5
Other, net			30			32
Income tax provision		$	2,557		$	3,398
Effective income tax rate			14.6%			14.8%

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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
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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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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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
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