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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

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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://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

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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://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

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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

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-Topic 740
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

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