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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
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:

 

   2024   2023   2022 
(Dollars in thousands)  Years ended December 31, 
   2024   2023   2022 
Current:            
Federal  $2,012   $1,711   $559 
State   (714)   (161)   (317)
Total current   1,298    1,550    242 
Deferred:               
Federal   (120)   295    994 
State   (71)   56    238 
Total deferred   (191)   351    1,232 
Deferred tax valuation allowance   (21)   53    (42)
Income tax expense  $1,086   $1,954   $1,432 
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:

 

   2024   2023   2022 
(Dollars in thousands)  Years ended December 31, 
   2024   2023   2022 
Computed “expected” tax expense  $2,958   $2,980   $2,375 
(Reduction) increase in income taxes resulting from:               
Tax-exempt interest income, net   (556)   (592)   (633)
Excess tax expense (benefit) from stock option exercise   2    2    (4)
Bank owned life insurance   (378)   (208)   (180)
Reversal of unrecognized tax benefits, net   (1,037)   (517)   (465)
State income taxes, net of federal benefit   401    476    369 
Investment tax credits   (116)   (47)   (23)
Other, net   (188)   (140)   (7)
Income tax (benefit) expense  $1,086   $1,954   $1,432 
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:

 

   2024   2023 
(Dollars in thousands)  As of December 31, 
   2024   2023 
Deferred tax assets:          
Unrealized loss on investment securities available-for-sale  $5,056   $5,371 
Loans, including allowance for credit losses   3,280    2,949 
State taxes   494    536 
Other, net   297    244 
Net operating loss carry forwards   213    332 
Net deferred loan fees   140    144 
Acquisition costs   79    99 
Valuation allowance on other real estate   -    75 
Deferred compensation arrangements   63    62 
Total deferred tax assets   9,622    9,812 
Less valuation allowance   (213)   (234)
Total deferred tax assets, net of valuation allowance   9,409    9,578 
           
Deferred tax liabilities:          
Intangible assets   1,252    1,277 
Prepaid expenses   669    586 
Mortgage servicing rights   643    681 
Premises and equipment, net of depreciation   601    618 
Investments   99    158 
FHLB stock dividends   49    59 
Total deferred tax liabilities   3,313    3,379 
           
Net deferred tax asset  $6,096   $6,199 
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:

  

   2024   2023 
(Dollars in thousands)  Years ended December 31, 
   2024   2023 
Unrecognized tax benefits at beginning of year  $2,040   $2,157 
Gross increases to current year tax positions   495    472 
Gross decreases to prior year’s tax positions   (73)   (61)
Lapse of statute of limitations   (975)   (528)
Unrecognized tax benefits at end of year  $1,487   $2,040