XML 104 R92.htm IDEA: XBRL DOCUMENT v3.25.1
Note 12 - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets    
Allowance for credit losses on loans $ 1,882,000 $ 1,859,000
Net unrealized holding losses on investment securities available-for-sale 18,226,000 17,692,000
Net unrealized holding losses on investment rate swaps 0 367,000
Non-accrual interest income 200,000 170,000
Leasing liability 630,000 637,000
Deferred revenue 113,000 0
Incurred but not reported medical expense 34,000 27,000
Bonus 192,000 88,000
State net operating loss carryforward 171,000 30,000
Other 106,000 61,000
Total deferred tax assets 21,554,000 20,931,000
Deferred tax liabilities    
Deferred loan income 531,000 487,000
Depreciation 286,000 215,000
Mortgage servicing rights 81,000 87,000
Net unrealized holding losses on investment rate swaps 1,040,000 0
Fair value adjustment on equity securities 0 61,000
Fair value remeasurements on interest rate swap 22,000 12,000
Prepaid expenses 262,000 203,000
Right of use asset 564,000 572,000
Subordinated debt costs 263,000 0
Other 8,000 0
Total deferred tax liabilities 3,057,000 1,637,000
Valuation allowance 172,000 4,000
Net deferred tax asset $ 18,325,000 $ 19,290,000