Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Schedule of Deferred Income Tax Liabilities and Assets) (Details)

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INCOME TAXES (Schedule of Deferred Income Tax Liabilities and Assets) (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Deferred Tax Assets attributable to:    
Allowance for Credit Losses $ 7,236,000 $ 6,042,000
Accrued Pension/SERP 144,000 1,530,000
State Net Operating Loss and Tax Credit Carry-Forwards 2,069,000 1,920,000
Other Real Estate Owned 887,000 917,000
Accrued SERP Liability 2,594,000 3,246,000
Lease Liability 5,911,000 4,547,000
Net Unrealized Losses on Investment Securities 8,601,000 12,499,000
Other 2,665,000 3,043,000
Investment in Partnership 3,241,000 1,544,000
Total Deferred Tax Assets 33,348,000 35,288,000
Deferred Tax Liabilities attributable to:    
Depreciation on Premises and Equipment 3,733,000 3,382,000
Deferred Loan Fees and Costs 2,614,000 2,372,000
Intangible Assets 3,344,000 3,310,000
Accrued Pension Liability 1,688,000 1,043,000
Right of Use Asset 5,829,000 4,474,000
Investments 469,000 469,000
Other 1,851,000 2,099,000
Total Deferred Tax Liabilities 19,528,000 17,149,000
Valuation Allowance 1,930,000 1,671,000
Net Deferred Tax Assets $ 11,890,000 $ 16,468,000