INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of pre-tax book income

(Dollars are in thousands)		2024		2023
Current income tax expense	$	2,054	$	2,139
Deferred tax expense	95		8
Income tax expense	$	2,149	$	2,147

Schedule of reconciliation of income tax expense

(Dollars are in thousands)		2024		2023
Income tax expense at the applicable federal rate	$	2,637	$	2,152
Permanent differences resulting from:
Prior year tax		2		-
Nondeductible expenses		13		12
Tax exempt interest income		(1)		(2)
Bank owned life insurance		(15)		(9)
Surrender of bank owned life insurance		60		-
Penalty on surrender of bank owned life insurance		29		-
Bank owned life insurance benefit		(329)		-
Other adjustments		23		(6)
Income tax expense	$	2,149	$	2,147

Schedule of net deferred tax assets and liabilities

(Dollars are in thousands)		2024		2023
Deferred tax assets
Allowance for credit losses	$	1,828	$	1,696
Deferred compensation		69	75
Unrealized loss on securities available for sale		3,186	3,098
Other real estate owned		17	15
Self-insured health insurance		166	267
Lease liability		771	866
Other		413	355
Total assets, gross		6,450		6,372

Deferred tax liabilities
Depreciation		385	565
Prepaid expenses		31	30
Deferred loan costs		428	450
Right-of-use asset		771	866
Total liabilities, gross		1,615		1,911
Net deferred tax asset	$	4,835	$	4,461