Quarterly report pursuant to Section 13 or 15(d)

FEDERAL INCOME TAXES (Details)

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FEDERAL INCOME TAXES (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Income tax expense [Abstract]      
Current $ 935 $ 2,294  
Deferred 456 (528)  
Income tax expense $ 1,391 $ 1,766  
Difference between financial statement tax expense and amount computed by applying the statutory federal tax rate to pretax income [Abstract]      
Statutory rate 21.00% 21.00%  
Statutory rate applied to income before taxes $ 1,552 $ 2,004  
Deduct [Abstract]      
Tax-exempt interest income (154) (159)  
Bank-owned life insurance (50) (58)  
Other, net 43 (21)  
Income tax expense 1,391 $ 1,766  
Deferred tax assets [Abstract]      
Allowance for loan losses 3,069   $ 3,337
Net deferred loan fees 59   275
Nonaccrual loan interest 44   57
Valuation allowance on other real estate owned 6   6
Unrealized loss on securities available for sale and transferred to held to maturity 3,231   79
Other 324   311
Gross deferred tax assets 6,733   4,065
Valuation allowance 0   0
Total net deferred tax assets 6,733   4,065
Deferred tax liabilities [Abstract]      
Depreciation (1,176)   (1,199)
Prepaid expenses (288)   (288)
Other (410)   (415)
Gross deferred tax liabilities (1,874)   (1,902)
Net deferred tax asset 4,859   2,163
Unrecognized tax benefits $ 0   $ 0
Period when unrecognized tax benefits is not expected to significantly increase or decrease 12 months