Annual report [Section 13 and 15(d), not S-K Item 405]

Note 6 - Income Taxes - Effective Tax Rates (Details)

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Note 6 - Income Taxes - Effective Tax Rates (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Federal statutory rate 21.00% 21.00%
Tax expense at statutory rate $ 2,826 $ 1,689
State tax, net of federal effect 311 124
Tax exempt income (1,249) (1,314)
Bank owned life insurance (171) (161)
Captive insurance 0 (159)
Tax credit investments (486) (531)
Other 94 17
Total income tax expense (benefit) $ 1,325 $ (335)