INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

INCOME TAXES

Schedule of income tax expense

Income tax expense for the years ended December 31, 2025 and 2024 is summarized as follows (in thousands):

	Year Ended December 31,
(In thousands)	2025		2024
Current:
Federal	$	21	$	6
State		14		4
		35		10
Deferred:
Federal		(26)		94
State		—		—
		(26)		94
Total provision for income taxes	$	9	$	104

Schedule of components of net deferred tax liabilities

	At December 31,
(In thousands)	2025		2024
Deferred tax assets:
Allowance for credit losses	$	625	$	589
Net operating loss carryforward		937		813
Nonaccrual interest		13		4
Net unrealized loss on securities available-for-sale		721		862
Other		99		98
Total deferred tax assets		2,395		2,366
Deferred tax liabilities:
Net retirement plans		(2,050)		(1,872)
Depreciation		(490)		(403)
Deferred loan fees		(328)		(394)
Other		—		(1)
Total deferred tax liabilities		(2,868)		(2,670)
Valuation allowance		(478)		(449)
Net deferred tax liabilities	$	(951)	$	(753)

Schedule of reconciliation of income tax expense

	Year Ended December 31,
(Dollars in thousands)	2025
Computed at the statutory rate	$	38	21.0	%
Change in valuation allowance		29	15.9	%
State tax (net of federal benefit)		(18)	(9.8)	%
Nontaxable interest and dividend		(34)	(18.6)	%
Income from deferred compensation plan assets		(22)	(12.1)	%
Other items		16	8.5	%
Income tax provision	$	9	4.9	%
	Year Ended December 31,
(Dollars in thousands)	2024
Computed at the statutory rate	$	171	21.0	%
Change in valuation allowance		107	13.0	%
State tax (net of federal benefit)		(107)	(13.0)	%
Nontaxable interest and dividend		(31)	(3.8)	%
Income from deferred compensation plan assets		(3)	(0.4)	%
Other items		(33)	(4.1)	%
Income tax provision	$	104	12.7	%

Schedule of income taxes paid (net of refunds)

	Year Ended December 31,
(In thousands)	2025		2024
Federal	$	—	$	100
State		20		1
Total	$	20	$	101

	Year Ended December 31,
(In thousands)	2025		2024
State:
New York	$	16	$	1
Pennsylvania(1)		4		—
	$	20	$	1

⁽¹⁾ Jurisdiction below the threshold for the period presented