Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes is summarized below:  

Current Tax Expense:	2024		2023		2022
Federal	$	7,187	$	4,611	$	12,263
State	1,251		1,035		3,103
Total Current Tax Expense	8,438		5,646		15,366
Deferred Tax (Benefit) Expense:
Federal	(631)		1,825		(798)
State	(158)		(26)		(454)
Total Deferred Tax (Benefit) Expense	(789)		1,799		(1,252)
Total Provision for Income Taxes	$	7,649	$	7,445	$	14,114

Schedule of Effective Income Tax Rate Reconciliation

The provisions for income taxes differed from the amounts computed by applying the U.S. Federal Income Tax Rate of 21% to pre-tax income as a result of the following:

	2024			2023			2022
Statutory Federal Tax Rate		21.0	%		21.0	%	21.0	%
(Decrease) Increase Resulting From:
Tax-Exempt Investment Income		(2.1)			(2.3)		(1.4)
State Taxes, Net of Federal Income Tax Benefit		2.3			2.3		3.4
Bank Owned Life Insurance		(0.9)			(1.0)		(0.5)
Other Items, Net		0.2			(0.2)		(0.1)
Effective Tax Rate		20.5	%		19.8	%	22.4	%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2024 and 2023 are presented below:

	2024		2023
Deferred Tax Assets:
Net Unrealized Losses on Securities Available-for-Sale Included in Accumulated Other Comprehensive Income	$	9,427	$	11,003
Allowance for Credit Losses	9,068		8,475
Lease liabilities	2,539		2,635
Pension and Deferred Compensation Plans	3,460		3,708
Pension Liability Included in Accumulated Other Comprehensive Income	—		1,210
Historic Tax Credit	—		363
Other	773		781
Total Gross Deferred Tax Assets	25,267		28,175
Valuation Allowance for Deferred Tax Assets	—		—
Total Gross Deferred Tax Assets, Net of Valuation Allowance	$	25,267	$	28,175
Deferred Tax Liabilities:
Pension Plans	$	5,397	$	5,489
Depreciation	4,692		5,094
ROU assets	2,298		2,426
Deferred Income	3,524		3,905
Prepaid Pension Included in Accumulated Other Comprehensive Income	1,445		—
Net Unrealized Gains on Equity Securities	241		207
Goodwill	3,373		3,379
Gain on Cash Flow Hedge Agreements Included in Accumulated Other Comprehensive Income	1,620		590
Other	64		—
Total Gross Deferred Tax Liabilities	$	22,654	$	21,090
Deferred Tax Asset, Net	$	2,613	$	7,085