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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Temporary Differences giving Rise to the Net Deferred Tax Asset Position
The following temporary differences gave rise to the net deferred tax asset position at December 31, 2021 and 2020:
(In Thousands)20212020
Deferred tax assets:  
Allowance for loan losses$2,997 $2,910 
Deferred compensation1,655 1,554 
Lease liability2,324 1,844 
Defined pension— 74 
Fair value adjustment on equity securities 9 54 
Capital loss carryforward211 — 
Other961 566 
Total8,157 7,002 
Deferred tax liabilities:  
Lease right of use asset2,203 1,790 
Defined pension872 — 
Unrealized gain on available for sale securities630 1,253 
Investment security accretion118 119 
Deferred loan fees and discounts63 215 
Depreciation533 511 
Amortization581 588 
Valuation allowance211 — 
Total5,211 4,476 
Deferred tax asset, net$2,946 $2,526 
Schedule of Provision or Benefit for Income Taxes
The provision or benefit for income taxes is comprised of the following for the year ended December 31, 2021, 2020, and 2019:
(In Thousands)202120202019
Currently payable$4,153 $3,165 $2,324 
Deferred (benefit) expense(359)309 814 
Total provision$3,794 $3,474 $3,138 
Schedule of Reconciliation between the Expected Income Tax or Benefit and the Effective Income Tax Rate on Income before Income Tax Provision or Benefit
A reconciliation between the expected income tax or benefit and the effective income tax rate on income before income tax provision or benefit follows for the year ended December 31, 2021, 2020, and 2019:
 202120202019
(In Thousands)Amount%Amount%Amount%
Provision at expected rate$4,167 21.00 %$3,927 21.00 %$3,953 21.00 %
(Decrease) increase in tax resulting from:  
Tax-exempt income(520)(2.62)(475)(2.54)(547)(2.91)
Tax credits— — — — (184)(0.98)
Other, net147 0.74 22 0.12 (84)(0.44)
Effective income tax provision and rate$3,794 19.12 %$3,474 18.58 %$3,138 16.67 %