XML 58 R44.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Federal Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Federal Income Taxes [Abstract] |
Schedule Of Deferred Tax Assets And Liabilities |
(Dollars in thousands) |  |
Deferred Tax Assets |  | 2023 |  | 2022
Allowance for loan losses |  | $ | 3,440 |  | $ | 3,021
Deferred compensation |  |  | 939 |  |  | 916
Purchase accounting |  |  | 20 |  |  | 19
Accumulated other comprehensive loss |  |  | 10,882 |  |  | 13,633
Lease liabilities |  |  | 1,032 |  |  | 1,309
Other |  |  | 596 |  |  | 280
Total gross deferred tax assets |  |  | 16,909 |  |  | 19,178
Deferred Tax Liabilities |  |  |  |  |  |
Depreciation |  |  | 3,023 |  |  | 1,079
Right-of-use asset |  |  | 1,002 |  |  | 1,281
Joint ventures and partnerships |  |  | 43 |  |  | 45
Pension |  |  | 694 |  |  | 711
Deferred loan fees and costs, net |  |  | 346 |  |  | 432
Total gross deferred tax liabilities |  |  | 5,108 |  |  | 3,548
Net deferred tax asset |  | $ | 11,801 |  | $ | 15,630
Schedule Of Components Of Income Tax Expense (Benefit) |
|  | For the Years Ended December 31
(Dollars in thousands) |  | 2023 |  | 2022
Current tax expense (benefit) |  | $ | 1,015 |  | $ | 1,385
Deferred tax expense (benefit) |  |  | 1,140 |  |  | 1,172
Income tax provision |  | $ | 2,155 |  | $ | 2,557
Schedule Of Effective Income Tax Rate Reconciliation |
|  | For the Years Ended December 31
(Dollars in thousands) |  | 2023 |  | 2022
Tax provision at statutory rate |  | $ | 3,308 |  | $ | 3,674
Income on tax-exempt loans and securities |  |  | (949) |  |  | (1,113)
Investment in solar tax credit |  |  | (325) |  |  | —
Nondeductible interest expense relating to carrying tax-exempt obligations |  |  | 215 |  |  | 47
Income from bank owned life insurance |  |  | (88) |  |  | (86)
Stock option compensation |  |  | (1) |  |  | 5
Other, net |  |  | (5) |  |  | 30
Income tax provision |  | $ | 2,155 |  | $ | 2,557
Effective income tax rate |  |  | 13.7% |  |  | 14.6%

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration