Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

Schedule Of Components Of Income Tax Provision (Benefit)

	2023		2022		2021
	(in thousands)
Current federal tax expense	$	8,462	$	5,472	$	4,951
Current state tax expense		2,644		1,440		1,412
Total current tax expense		11,106		6,912		6,363
Deferred federal tax expense (benefit)	$	(702)	$	153	$	1,165
Deferred state tax expense (benefit)		(198)		98		355
Total deferred tax expense (benefit)		(900)		251		1,520
Total income tax provision	$	10,206	$	7,163	$	7,883

Schedule Of Effective Income Tax Rate Reconciliation

	2023				2022				2021
	Amount		Percent		Amount		Percent		Amount		Percent
	(in thousands)
Tax provision at statutory rate	$	7,293	21	%	$	6,206	21	%	$	6,704	21	%
Change in taxes resulting from:
Tax-exempt income		(257)	(1)			(224)	(1)			(230)	-
Historic tax credit		-	-			-	-			(24)	-
State taxes, net of federal benefit		1,933	5			1,215	4			1,396	4
Gain on sale of TEA		1,177	3			-	-			-	-
Other items, net		60	1			(34)	-			37	-
Income tax provision	$	10,206	29	%	$	7,163	24	%	$	7,883	25	%

Schedule Of Deferred Tax Assets And Liabilities

	2023		2022
	(in thousands)
Deferred tax assets:
Pension and SERP plans	$	1,383	$	1,456
Allowance for credit losses		5,700		4,987
Deferred compensation		494		526
Loss on investment in tax credit		-		59
Stock options granted		262		277
State tax credit carryforward		185		185
Lease liabilities		1,056		1,223
State net operating loss		363		368
Net unrealized losses on securities		14,304		16,543
Fair value adjustments of business combinations		366		470
Other		186		33
Gross deferred tax assets	$	24,299	$	26,127
Deferred tax liabilities:
Depreciation and amortization	$	270	$	1,154
Right of use assets		982		1,137
Prepaid expenses		337		382
Gain on investment in tax credit		156		-
Deferred loan fees and costs		155		279
Mortgage servicing asset		276		295
Other		40		30
Gross deferred tax liabilities	$	2,216	$	3,277
Net deferred tax asset	$	22,083	$	22,850