XML 71 R38.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Taxes |
Schedule of components of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ | ​ | (In thousands)
Taxes currently payable | ​ | $ | 537 | ​ | $ | 1,118
Deferred income taxes | ​ |  | 342 | ​ |  | 112
Income tax expense | ​ | $ | 879 | ​ | $ | 1,230
​ | ​ | ​ | ​ | ​ | ​ | ​
​
Schedule of reconciliation of income tax expense at the statutory rate to the Company's actual income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ | ​ | (In thousands)
Computed at the statutory rate (21%) | ​ | $ | 2,003 | ​ | $ | 2,243
(Decrease) increase resulting from | ​ |  | ​ | ​ |  | ​
Tax exempt interest | ​ |  | (935) | ​ |  | (822)
Earnings on bank-owned life insurance - net | ​ |  | (149) | ​ |  | (168)
Low income housing credit | ​ |  | (49) | ​ |  | (52)
Other | ​ |  | 9 | ​ |  | 29
Actual tax expense | ​ | $ | 879 | ​ | $ | 1,230
​
Schedule of tax effects of temporary differences related to deferred taxes shown on the balance sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ | ​ | (In thousands)
Deferred tax assets | ​ | ​ | ​ | ​ | ​ | ​
Allowance for loan losses | ​ | $ | 431 | ​ | $ | 771
Stock based compensation | ​ |  | 310 | ​ |  | 253
Deferred compensation, and other accruals | ​ |  | 507 | ​ |  | 472
Employee benefit expense | ​ |  | — | ​ |  | —
Non-accrual loan interest | ​ |  | 1 | ​ |  | 33
Unrealized loss on securities available for sale | ​ | ​ | 2,307 | ​ | ​ | —
Other | ​ |  | 10 | ​ |  | 7
Total deferred tax assets | ​ |  | 3,566 | ​ |  | 1,536
​ | ​ |  |  | ​ |  |
Deferred tax liabilities | ​ |  |  | ​ |  |
Depreciation | ​ |  | (414) | ​ | ​ | (407)
Deferred loan costs, net | ​ |  | (11) | ​ | ​ | (34)
FHLB stock dividends | ​ |  | (182) | ​ | ​ | (304)
Unrealized gains on securities available for sale | ​ |  | — | ​ | ​ | (2,298)
Prepaid expenses | ​ |  | (68) | ​ | ​ | (49)
Intangibles | ​ |  | (78) | ​ | ​ | (97)
Employee benefit expense | ​ |  | (390) | ​ | ​ | (28)
​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred tax liabilities | ​ |  | (1,143) | ​ | ​ | (3,217)
Net deferred tax asset (liability) | ​ | $ | 2,423 | ​ | $ | (1,681)

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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration