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

Note 8 - Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details)

v3.25.1
Note 8 - Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Allowance for credit losses $ 364 $ 339
Deferred compensation 635 556
Retirement plans 162 181
Premises held for sale impairment 101 101
Unrealized loss on securities available-for-sale 3,431 3,279
Federal net operating loss carryforwards 1,405 1,042
Other 7 15
State net operating loss carryforwards 515 532
Gross deferred tax assets 6,620 6,045
Valuation allowance (3,050) (2,661)
Net deferred tax assets 3,570 3,384
FHLB stock dividends (101) (101)
Accumulated depreciation (38) (4)
Deferred tax liabilities (139) (105)
Net deferred tax asset $ 3,431 $ 3,279