INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The consolidated provision for income taxes was as follows as of December 31:

	2024		2023		2022
Current federal tax expense	$	7,309	$	6,784	$	9,991
Deferred federal tax expense (benefit)		164		346		(1,157	)
Total	$	7,473	$	7,130	$	8,834

Schedule of Effective Income Tax Rate Reconciliation

The provision for federal income taxes differs from that computed by applying federal statutory rates to income before federal income tax expense, as indicated in the following analysis as of December 31:

	2024			2023			2022
Federal statutory income tax at 21%	$	8,182		$	7,799		$	10,344
Tax exempt interest income		(846	)		(944	)		(1,076	)
Earnings of bank owned life insurance		(213	)		(198	)		(177	)
Nondeductible expenses		655			669			277
Other		(305	)		(196	)		(534	)
Total	$	7,473		$	7,130		$	8,834

Schedule of Deferred Tax Asset and Liabilities

The following table summarizes the components of our deferred tax assets and liabilities as of December 31, 2024 and 2023. Our net deferred tax assets are included in other assets in the accompanying consolidated balance sheets.

	2024			2023
Deferred tax assets:
Allowance for credit losses	$	5,941		$	6,493
Deferred compensation		1,399			1,271
Net unrealized loss on available for sale securities		3,993			4,029
Bonus accrual		416			385
Deferred loan fees, net		59			163
Accretion of acquisition allowance		23			37
Other real estate owned		—			—
Other		177			297
Total deferred tax assets		12,008			12,675
Deferred tax liabilities:
Premises and equipment		(892	)		(1,187	)
Prepaid expenses		(396	)		(375	)
Intangibles		(166	)		(196	)
Other		(15	)		(178	)
Total deferred tax liabilities		(1,469	)		(1,936	)
Net deferred tax asset	$	10,539		$	10,739