XML 50 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Taxes  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31
(Dollars in thousands)
2024
2023
Current income tax expense (benefit):
Federal
$
991
(448)
State
571
(134)
Total current
 
income tax expense (benefit)
1,562
(582)
Deferred income tax expense (benefit):
Federal
473
(293)
State
(35)
98
Total deferred income
 
tax expense (benefit)
438
(195)
Total income
 
tax expense (benefit)
$
2,000
(777)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2024
2023
Percent of
Percent of
pre-tax
pre-tax
(Dollars in thousands)
Amount
earnings
Amount
earnings
Earnings before income taxes
$
8,397
618
Income taxes at statutory rate
1,763
21.0
%
130
21.0
%
Tax-exempt interest
(290)
(3.5)
(493)
(79.8)
State income taxes, net of
 
federal tax effect
388
4.6
(43)
(7.0)
New Markets Tax Credit
(58)
(0.7)
(356)
(57.6)
Bank-owned life insurance
(85)
(1.0)
(88)
(14.2)
Other
282
3.4
73
11.9
Total income
 
tax expense (benefit)
$
2,000
23.8
%
(777)
(125.7)
%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31
(Dollars in thousands)
2024
2023
Deferred tax assets:
Allowance for credit losses
$
1,726
1,724
Unrealized loss on securities
9,929
9,734
Net operating loss carry-forwards
 
—
 
253
Tax credit carry-forwards
 
—
 
356
Accrued bonus
 
207
185
Right of use liability
58
128
Other
99
71
Total deferred tax
 
assets
12,019
12,451
Deferred tax liabilities:
Premises and equipment
1,212
1,315
Originated mortgage servicing rights
224
249
Right of use asset
58
122
New Markets Tax Credit
 
investment
 
—
 
181
Other
333
332
Total deferred tax
 
liabilities
1,827
2,199
Net deferred tax asset
$
10,192
10,252
Schedule of Deferred Tax Asset Rollforward [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31
(Dollars in thousands)
2024
2023
Net deferred tax asset (liability):
Balance, beginning of year
$
10,252
13,769
Cumulative effect of change in accounting standard
183
276
Deferred tax expense (benefit) related to continuing operations
(438)
195
Stockholders' equity,
 
for accumulated other comprehensive income
195
(3,988)
Balance, end of year
$
10,192
10,252