XML 104 R93.htm IDEA: XBRL DOCUMENT v3.24.0.1
Note 11 - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2023
Jan. 01, 2023
Dec. 31, 2022
Deferred tax assets      
Allowance for credit losses on loans $ 1,859,000   $ 2,212,000
Net unrealized holding losses on investment securities available-for-sale 17,692,000   21,565,000
Net unrealized holding losses on investment rate swaps 367,000   0
Fair value adjustment on equity securities 0   10,000
Non-accrual interest income 170,000   52,000
Leasing liability 637,000   678,000
Deferred revenue 0   7,000
Incurred but not reported medical expense 27,000   28,000
Bonus 88,000   128,000
State net operating loss carryforward 30,000   0
Other 61,000   48,000
Total deferred tax assets 20,931,000 $ 4,540,000 24,728,000
Deferred tax liabilities      
Deferred loan income 487,000   459,000
Depreciation 215,000   225,000
Mortgage servicing rights 87,000   98,000
Fair value adjustment on equity securities 61,000   0
Fair value remeasurements on interest rate swap 12,000   0
Prepaid expenses 203,000   232,000
Right of use asset 572,000   611,000
Other 0   18,000
Total deferred tax liabilities 1,637,000   1,643,000
Valuation allowance 4,000   8,000
Net deferred tax asset $ 19,290,000   $ 23,077,000