Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Taxes [Abstract]

Schedule of Provision for Income Tax Expense

The provision for income tax expense consists of the following:


			Years Ended December 31,
			2025					2024
			(Dollars in thousands)

Current:
Federal			$		1,579			$		802
State					5					5
Total Current					1,584					807

Deferred:
Federal					(101	)				128
State					—					—
Total Deferred					(101	)				128

Total Income Tax Expense			$		1,483			$		935

Schedule of Reconciliation of Statutory Federal Income Tax

A reconciliation of the statutory federal income tax at a rate of 21% for the years ended December 31, 2025 and 2024 to the income tax expense included in the consolidated statements of income is as follows:


		Years Ended December 31,
		2025									2024

U.S. Federal income tax at statutory rate		$	1,838				21.0		%		$	1,232				21.0		%
State income tax, net of federal income tax effect(1)			4				—					4				0.1
Nontaxable or nondeductible items
Tax-exempt interest income			(159	)			(1.8	)				(166	)			(2.8	)
Section 291 interest expense disallowance			55				0.6					65				1.1
Life insurance income			(241	)			(2.8	)				(226	)			(3.8	)
Other			(14	)			(0.1	)				26				0.3
Total Income Tax Expense		$	1,483				16.9		%		$	935				15.9		%

(1) This category includes taxes in New York State.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities are as follows:


		December 31,
		2025					2024
		(Dollars in thousands)
Deferred tax assets:
Unrealized losses on securities available for sale		$		2,529			$		3,271
Allowance for credit loss				1,361					1,413
Deferred compensation				1,756					1,554
Net operating losses ("NOL")				306					290
Impairment of equity investments				130					130
Accrued expenses				120					98
Right of use liabilities				161					196
Stock options granted				12					11
Total Deferred Tax Assets				6,375					6,963

Deferred tax liabilities:
Deferred loan origination costs				(781	)				(846	)
Depreciation				(415	)				(464	)
Prepaid expenses				(93	)				(123	)
Right of use assets				(159	)				(197	)
Other				(45	)				(62	)
Total Deferred Tax Liabilities				(1,493	)				(1,692	)

Deferred tax valuation allowance				(1,293	)				(1,354	)

Net Deferred Tax Asset		$		3,589			$		3,917