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

Note 6 - Income Taxes - Deferred Tax Assets and Liabilities (Details)

v3.25.1
Note 6 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Allowance for credit losses $ 5,128 $ 5,686
Deferred compensation 374 356
Unrealized depreciation on securities available-for-sale. 18,319 16,285
Net operating loss 6,120 6,546
Tax credits 673 683
Nonaccrual loan interest income 173 99
Share based compensation 267 293
Unqualified deferred compensation plan 60 67
Accrued compensation 241 260
Purchase accounting 548 426
Deferred loan costs, net of fees 432 337
Lease liability 3,916 87
Other 213 267
Total deferred tax assets 36,464 31,392
Deferred tax liabilities:    
Depreciation (874) (1,213)
Prepaid expenses (480) (491)
Mortgage servicing rights (217) (249)
Deferred stock dividends (122) (119)
Goodwill (701) (608)
Partnership (254) (383)
Lease right of use (4,124) (83)
Other (174) (118)
Total deferred tax liabilities (6,946) (3,264)
Valuation allowance (63) (62)
Net deferred tax asset $ 29,455 $ 28,066