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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes [Abstract]

Schedule Of Income Tax Expense


			December 31,
			2020		2019
	Current federal income tax expense		$2,037		$1,346
	Deferred federal income tax expense (benefit)		(838)		(17)
	Income tax expense		$1,199		$1,329



Schedule Of Income Tax Expense Benefit After Federal Income Tax Rate

			2020			2019
	Computed “expected” income tax expense		$1,298		$1,456
	Increase (reduction) in income tax resulting from:
	Non-taxable income		(94)		(143)
	Non-deductible expenses		12		13
	Other		(17)		3
	Income tax expense		$1,199		$1,329



Schedule Of Deferred Tax Assets And Liabilities



			December 31,
			2020		2019
	Deferred tax assets
	Lease liabilities		$1,151		$1,249
	Allowance for loan losses		1,503		1,015
	Unrealized losses on available-for-sale securities		-		1
	OREO		239		194
	Non-accrual interest		130		251
	Deferred Compensation		564		84
	Other		27		22
	Gross deferred tax assets		3,614		2,816


	Deferred tax liabilities
	Right-of-use assets		1,105		1,223
	Depreciation		410		312
	Unrealized gains on available-for-sale securities		476		-
	Other		85		104
	Gross deferred tax liabilities		2,076		1,639
	Net deferred tax asset		$1,538		$1,177



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- Definition

Schedule Of Components Of Income Tax Expense Benefit After Federal Income Tax Rate [Table Text Block]

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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
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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