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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes |
Schedule of components of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
(dollars in thousands) | ​ | ​
Current income tax expense: |  | ​ |  |  | ​ |
Federal | ​ | $ | — | ​ | $ | 128
State | ​ |  | (110) | ​ |  | 28
Total current tax expense | ​ |  | (110) | ​ |  | 156
Deferred income tax expense: | ​ |  |  | ​ |  |
Federal | ​ |  | (320) | ​ |  | (59)
State | ​ |  | (95) | ​ |  | (25)
Total deferred tax expense | ​ |  | (415) | ​ |  | (84)
Total Income tax expense | ​ | $ | (525) | ​ | $ | 72
Schedule of reconciliation of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |
(dollars in thousands) | ​ | ​ | ​
Income tax expense at federal statutory rate | ​ | $ | (134) | ​ | $ | 315 | ​
(Decrease) increase resulting from: | ​ |  |  | ​ |  |  | ​
Tax-exempt income | ​ |  | (192) | ​ |  | (212) | ​
Bank owned life insurance | ​ | ​ | (37) | ​ | ​ | (34) | ​
State income taxes, net of Federal income tax benefit | ​ |  | (162) | ​ |  | 3 | ​
Total income tax expense | ​ | $ | (525) | ​ | $ | 72 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of components of the net deferred income tax benefits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |
(dollars in thousands) | ​ | ​ | ​
Deferred income tax benefits: |  | ​ |  |  | ​ |  |
Accrued deferred compensation | ​ | $ | 91 | ​ | $ | 89 | ​
Allowance for credit losses | ​ |  | 676 | ​ |  | 480 | ​
Accumulated depreciation | ​ |  | (18) | ​ |  | (12) | ​
Accrued Liabilities | ​ | ​ | 75 | ​ | ​ | 110 | ​
Reserve for unfunded commitments | ​ |  | 161 | ​ |  | 130 | ​
Accounting standard 310-20 | ​ | ​ | (174) | ​ | ​ | (151) | ​
Right of use asset | ​ | ​ | (13) | ​ | ​ | (58) | ​
Lease liability | ​ | ​ | 13 | ​ | ​ | 58 | ​
Accumulated securities discount accretion | ​ |  | 283 | ​ |  | 272 | ​
Net operating loss carryforward | ​ | ​ | 239 | ​ | ​ | — | ​
Net unrealized depreciation on investment securities available for sale | ​ | ​ | 7,215 | ​ | ​ | 6,979 | ​
Net deferred income tax benefits | ​ | $ | 8,548 | ​ | $ | 7,897 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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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 + Details
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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 + Details
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- 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://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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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