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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
INCOME TAXES  
Schedule of expense for income taxes, includes both federal and applicable state corporate income taxes

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YEAR ENDED DECEMBER 31, 

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2025

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2024

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(IN THOUSANDS)

Current

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$

192

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$

832

Deferred

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992

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(34)

Income tax expense

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$

1,184

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$

798

Schedule of reconciliation between the federal statutory tax rate and the Company's effective consolidated income tax rate

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YEAR ENDED DECEMBER 31, 

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2025

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2024

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AMOUNT

  ​ ​ ​

RATE

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AMOUNT

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RATE

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(IN THOUSANDS, EXCEPT PERCENTAGES)

Income tax expense based on federal statutory rate

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$

1,427

 

21.0

%  

$

924

 

21.0

%  

Tax exempt income

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(310)

 

(4.6)

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(247)

 

(5.6)

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Other

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67

 

1.0

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121

 

2.7

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Total expense for income taxes

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$

1,184

 

17.4

%  

$

798

 

18.1

%  

Schedule of deferred tax assets and liabilities

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AT DECEMBER 31, 

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2025

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2024

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(IN THOUSANDS)

DEFERRED TAX ASSETS:

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Allowance for credit losses - loans

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$

2,757

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$

2,922

Allowance for credit losses - securities

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19

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94

Allowance for credit losses - unfunded commitments

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71

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203

Unrealized investment security losses

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2,088

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3,544

Premises and equipment

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765

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912

Lease liabilities

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825

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895

Net operating loss

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448

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469

Interest rate hedges

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25

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36

Other

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157

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173

Total tax assets

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7,155

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9,248

DEFERRED TAX LIABILITIES:

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Investment accretion

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(161)

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(129)

Lease right-of-use assets

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(735)

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(815)

Accrued pension obligation

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(7,591)

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(6,602)

Other

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(304)

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(290)

Total tax liabilities

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(8,791)

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(7,836)

Net deferred tax (liability) asset

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$

(1,636)

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$

1,412