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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) attributable to income from operations consisted of the following:

 Schedule of Components of Income Tax Expense (Benefit)

                
(Dollars in thousands)  Years ended December 31, 
   2022   2021   2020 
Current:               
Federal  $559   $3,039   $4,582 
State   (317)   967    708 
Total current   242    4,006    5,290 
Deferred:               
Federal   994    662    (442)
State   238    196    (8)
Total deferred   1,232    858    (450)
Deferred tax valuation allowance   (42)   (50)   (53)
Income tax expense  $1,432   $4,814   $4,787 
Schedule of Effective Income Tax Rate Reconciliation

The reasons for the difference between actual income tax expense (benefit) and expected income tax expense attributable to income from operations at the statutory federal income tax rate were as follows:

 Schedule of Effective Income Tax Rate Reconciliation

                
(Dollars in thousands)  Years ended December 31, 
   2022   2021   2020 
Computed “expected” tax expense  $2,375   $4,793   $5,099 
(Reduction) increase in income taxes resulting from:               
Tax-exempt interest income, net   (633)   (645)   (695)
Excess tax benefit from stock option exercise   (4)   (29)   (26)
Bank owned life insurance   (180)   (156)   (137)
Reversal of unrecognized tax benefits, net   (465)   162    (229)
State income taxes, net of federal benefit   369    718    800 
Investment tax credits   (23)   (19)   (28)
Other, net   (7)   (10)   3 
Income tax (benefit) expense  $1,432   $4,814   $4,787 
Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to the significant portions of the deferred tax assets and liabilities at the following dates were as follows:

Schedule of Deferred Tax Assets and Liabilities 

           
(Dollars in thousands)  As of December 31, 
   2022   2021 
Deferred tax assets:          
Unrealized loss on investment securities available-for-sale  $8,132   $- 
Loans, including allowance for loan losses   2,879    2,041 
State taxes   562    534 
Other, net   210    184 
Investments   184    70 
Net operating loss carry forwards   181    223 
Acquisition costs   120    141 
Net deferred loan fees   78    125 
Valuation allowance on other real estate   74    - 
Deferred compensation arrangements   62    64 
Total deferred tax assets   12,482    3,382 
Less valuation allowance   (181)   (223)
Total deferred tax assets, net of valuation allowance   12,301    3,159 
           
Deferred tax liabilities:          
Intangible assets   1,324    387 
Mortgage servicing rights   801    879 
Prepaid expenses   554    314 
Premises and equipment, net of depreciation   241    723 
FHLB stock dividends   17    8 
Unrealized gain on investment securities available-for-sale   -    1,259 
Total deferred tax liabilities   2,937    3,570 
           
Net deferred tax asset (liability)  $9,364   $(411)
Schedule of Unrecognized Tax Benefits

The Company has unrecognized tax benefits representing tax positions for which a liability has been established. A reconciliation of the beginning and ending amount of the liability relating to unrecognized tax benefits is as follows:

 Schedule of Unrecognized Tax Benefits

           
(Dollars in thousands)  Years ended December 31, 
   2022   2021 
Unrecognized tax benefits at beginning of year  $2,290   $2,138 
Gross increases to current year tax positions   390    325 
Gross decreases to prior year’s tax positions   (61)   (125)
Lapse of statute of limitations   (462)   (48)
Unrecognized tax benefits at end of year  $2,157   $2,290