XML 63 R51.htm IDEA: XBRL DOCUMENT
v3.25.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule Of Net Deferred Tax Assets | The net deferred tax asset at December 31, 2024 and 2023 consisted of the following components:
|  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Deferred tax assets: |  |  |  |  |  |
Allowance for credit losses |  | $ | 3,156 |  |  | $ | 3,043 |
Reserve for unfunded commitments |  |  | 106 |  |  |  | 101 |
Share-based compensation |  |  | 306 |  |  |  | 327 |
Accrued postretirement benefits |  |  | 21 |  |  |  | 18 |
Home equity origination costs |  |  | 95 |  |  |  | 85 |
Accrued incentive benefit |  |  | — |  |  |  | 89 |
Nonaccrual interest |  |  | 20 |  |  |  | 75 |
Lease liabilities |  |  | 2,054 |  |  |  | 977 |
Credit carryforward |  |  | 1,033 |  |  |  | 1,689 |
Securities available for sale |  |  | 4,956 |  |  |  | 4,790 |
Other |  |  | — |  |  |  | 25 |
|  | $ | 11,747 |  |  | $ | 11,219 |
Deferred tax liabilities: |  |  |  |  |  |
Property and equipment |  | $ | 709 |  |  | $ | 853 |
Right-of-use assets |  |  | 1,988 |  |  |  | 921 |
Loan servicing rights |  |  | 68 |  |  |  | 32 |
|  | $ | 2,765 |  |  | $ | 1,806 |
Net deferred tax asset |  | $ | 8,982 |  |  | $ | 9,413 |
Schedule Of Components Of Income Tax Expense | Income tax expense for the years ended December 31, 2024 and 2023 consisted of the following components:
|  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Current tax expense |  | $ | 2,958 |  |  | $ | 2,785 |
Deferred tax accrual (benefit) |  |  | 600 |  |  |  | (1,509 | )
|  | $ | 3,558 |  |  | $ | 1,276 |
Schedule Of Income Tax Reconciliation | The following table reconciles income tax expense to the statutory federal corporate income tax amount, which was calculated by applying the federal corporate income tax rate to pre-tax income for the years ended December 31, 2024 and 2023.
|  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Statutory federal corporate tax amount |  | $ | 3,969 |  |  | $ | 2,232 |
Tax-exempt interest (income) |  |  | (78 | ) |  |  | (76 | )
Officer insurance (income) |  |  | (404 | ) |  |  | (134 | )
Net tax credits |  |  | (53 | ) |  |  | (756 | )
Other, net |  |  | 124 |  |  |  | 10 |
|  | $ | 3,558 |  |  | $ | 1,276 |

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -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