v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes  
Schedule of significant components of deferred tax assets and liabilities

(in thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

Deferred Tax Assets

 

  ​

 

  ​

Deferred Compensation - Pension Benefits

$

781

$

662

Unrealized Loss on Investment Securities Available-for-Sale

 

1,036

 

1,832

Allowance for Credit Losses

362

360

Charitable Contribution Carryforward

270

262

Net Operating Loss

 

188

 

289

Total Deferred Tax Assets

 

2,637

 

3,405

Deferred Tax Liabilities

 

  ​

 

  ​

Tax Over Book Accumulated Depreciation

 

(574)

 

(628)

Federal Home Loan Bank Stock Dividend

 

(41)

 

(35)

Deferred Loan Fees

 

(247)

 

(248)

Other

 

(53)

 

(47)

Total Deferred Tax Liabilities

 

(915)

 

(958)

Deferred Tax Asset, Net

$

1,722

$

2,447

Schedule of components of income tax expense (benefit)

(in thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

Current

$

32

$

42

Deferred

 

65

 

(400)

Total

$

97

$

(358)

Schedule of calculation of income tax and the effective tax rate

 

Effective

Effective

 

(dollars in thousands)

  ​ ​ ​

2025

  ​ ​ ​

Rate

  ​ ​ ​

2024

  ​ ​ ​

Rate

 

Income Tax Expense at Statutory Rates

$

879

 

21.0

%  

$

(302)

 

21.0

%

Non-Taxable or Non-Deductible Items:

Increase in Bank Owned Life Insurance

(54)

(1.3)

Bank Owned Life Insurance Proceeds

 

(729)

 

(17.4)

 

(63)

 

4.4

Other

 

1

 

 

7

 

(0.5)

Net

$

97

 

2.3

%  

$

(358)

 

24.9

%