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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023 and 2022:
(In Thousands)20232022
Deferred tax assets:  
Allowance for loan losses$2,685 $3,314 
Deferred compensation1,838 1,788 
Lease liability2,317 2,203 
Fair value adjustment on equity securities 37 40 
Unrealized loss on available for sale securities1,700 2,610 
Non-qualified Stock Options668 883 
Capital loss carryforward380 380 
Other174 202 
Total9,799 11,420 
Deferred tax liabilities:  
Lease right of use asset2,090 2,028 
Defined pension1,359 914 
Investment security accretion311 177 
Deferred loan fees and discounts218 135 
Depreciation356 481 
Amortization430 437 
Valuation allowance380 380 
Total5,144 4,552 
Deferred tax asset, net$4,655 $6,868 
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, 2023, 2022, and 2021:
(In Thousands)202320222021
Currently payable$2,779 $4,671 $4,153 
Deferred expense (benefit)935 (508)(359)
Total provision$3,714 $4,163 $3,794 
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, 2023, 2022, and 2021:
 202320222021
(In Thousands)Amount%Amount%Amount%
Provision at expected rate$4,268 21.00 %$4,532 21.00 %$4,167 21.00 %
(Decrease) increase in tax resulting from:  
Tax-exempt income(548)(2.70)(516)(2.39)(520)(2.62)
Other, net(6)(0.03)147 0.68 147 0.74 
Effective income tax provision and rate$3,714 18.27 %$4,163 19.29 %$3,794 19.12 %