Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Federal Income Taxes [Abstract]

Schedule Of Deferred Tax Assets And Liabilities

(Dollars in thousands)
Deferred Tax Assets	2019		2018
Allowance for loan losses	$	2,532	$	2,607
Deferred compensation		762		601
Purchase accounting		16		16
Capital loss carryover		—		34
Other than temporary impairment of investments		58		124
Net operating loss carryforward		—		1,787
Lease liabilities		1,092		—
Accumulated other comprehensive loss		1,591		1,696
Other		580		759
		6,631		7,624
Valuation allowance		(58)		(158)
Total gross deferred tax assets		6,573		7,466
Deferred Tax Liabilities
Depreciation		309		239
Right-of-use asset		1,084		—
Joint ventures and partnerships		46		36
Pension		1,093		1,173
Deferred loan fees and costs, net		38		26
Total gross deferred tax liabilities		2,570		1,474
Net deferred tax asset	$	4,003	$	5,992

Schedule Of Components Of Income Tax Expense (Benefit)

	For the Years Ended December 31
(Dollars in thousands)	2019		2018
Current tax expense (benefit)	$	996	$	(164)
Deferred tax expense (benefit)		1,884		(1)
Income tax provision	$	2,880	$	(165)

Schedule Of Effective Income Tax Rate Reconciliation

	For the Years Ended December 31
(Dollars in thousands)	2019		2018
Tax provision at statutory rate	$	3,992	$	1,252
Income on tax-exempt loans and securities		(1,134)		(1,404)
Nondeductible interest expense relating to carrying  tax-exempt obligations		45		33
Income from bank owned life insurance		(148)		(108)
Stock option compensation		—		39
Other, net		125		23
Income tax provision	$	2,880	$	(165)
Effective income tax rate		15.2%		(2.8%)