XML 110 R97.htm IDEA: XBRL DOCUMENT v3.24.0.1
Income Taxes - Provision and Reconciliation to Federal Statutory Corporate Tax Rate (Details) - USD ($)
$ in Thousands
12 Months Ended 24 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Current      
Federal $ 1,767 $ 2,911  
State 568 1,317  
Total current 2,335 4,228  
Deferred      
Federal (396) 990  
State (129) 100  
Total deferred (525) 1,090  
Total income tax expense 1,810 5,318  
Federal statutory corporate tax rate (as a percent)     21.00%
Reconciliation of tax provision      
Income tax expense at statutory rate 1,436 4,510  
Income tax effect of:      
State income taxes, net of federal income tax benefits 628 1,079  
Other tax-exempt income (179) (166)  
Share-based compensation 12 9  
Meal and entertainment expenses 53 49  
Non-deductible executive compensation 70 119  
Recovery on bank-owned life insurance   (216)  
Other (210) (66)  
Total income tax expense $ 1,810 $ 5,318  
Effective income tax rate (as a percent) 26.47% 24.76%