Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

All income before taxes was earned in the United States. The provision for income taxes charged to operations for the years ended December 31, 2025 and 2024, consists of the following components (dollars in thousands):

	December 31,
	2025		2024
Current federal expense	$	5,128	$	5,463
Current state and local expense	45		13
Deferred federal expense (benefit)	6		(157)
Net provision for income taxes	$	5,179	$	5,319

Schedule of Effective Income Tax Rate Reconciliation

The difference between the Company’s reported income tax expense and the amount computed by multiplying the statutory rate are as follows (dollars in thousands):

	December 31,
	2025				2024
	Amount		Percent		Amount		Percent
Income tax expense at federal statutory rate	$	5,337	21.00	%	$	5,516	21.00	%
Other, net	(157)		(0.62)	%	(197)		(0.75)	%
Total income tax expense	$	5,179	20.38		$	5,319	20.25	%

Schedule of Cash Flow, Supplemental Disclosures

The Company paid income taxes to the following jurisdictions during the years ended December 31, 2025 and 2024 (dollars in thousands):

	December 31,
	2025		2024
Federal tax	$	4,710	$	6,404
Florida tax	45		7
Total taxes paid	$	4,755	$	6,411

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2025 and 2024 are presented below (dollars in thousands):

	December 31,
	2025		2024
Deferred Tax Assets
Securities available for sale	$	933	$	2,192
Allowance for credit losses on loans	860		948
Deferred compensation	688		571
Depreciation	79		95
Allowance for credit losses on securities	27		42
Other	12		16
	$	2,599	$	3,864
Deferred Tax Liabilities
Net deferred loan costs	$	(109)	$	(109)
Net deferred tax assets	$	2,490	$	3,755