NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY Notes to the Consolidated Financial Statements
NOTE 13. INCOME TAXES( Continued)
Allowance For Credit Losses Reserve for Unfunded Commitments Premises and Equipment Discount Amortization on Securities Operating Lease Right-of-use Assets Operating Lease Liabilities State Tax Total
7,460,780 5,905-( 5,905)
-( 1,240) 3,860,449-( 3,860,449)-( 810,694)( 3,915,052)- 3,915,052
286,249-
-
2024 $( 4,484,196) $- $ 4,484,196 $-
( 568,536)
$ 2,645,599 $ 5,248,286
( 286,249)-( 60,112) $ 2,602,687 $-
$
925,931 568,536- 119,393
5,248,286( 2,212,494)-( 464,624)
$
- 822,161
530,815
The information below relates to the temporary state tax differences that existed as of December 31, 2025 and 2024. It is not expected that a valuation allowance will be needed. An applicable rate of 4.9 % and 80 % apportionment has been assumed.
Allowance For Credit Losses Reserve for Unfunded Commitments Loan Market Adjustment Premises and Equipment Operating Lease Right-of-use Assets Operating Lease Liabilities Core Deposit Intangible Accrued SERP Deferred Directors ' Fees Deferred Benefits Time Deposit Market Adjustment Unrealized Gain / Loss Net Operating Loss Total $
Book Basis
4,368,403( 4,448,553)
Temporary Difference 2025
- |
4,448,553 |
- |
- |
( 1,820,089) |
- |
( 247,786)- 247,786- 9,713( 564,504)- 564,504-
2,698,401
Tax Basis
10,167,024 |
12,069 |
- |
473 |
- |
( 4,368,403) |
- |
( 171,241) |
$ 10,167,024
Other Difference
Deferred Tax
$( 6,542,330) |
$ |
- |
$
6,542,330
|
$ |
- |
$ |
256,458 |
( 571,944) |
|
- |
571,944 |
|
- |
|
22,420 |
( 730,576) |
|
- |
730,576 |
|
- |
|
28,639 |
10,154,955
1,820,089
174,383( 71,347)
22,129( 539,353)- 539,353- 21,143
84,575 |
- |
( 84,575) |
- |
( 3,315) |
11,388 |
- |
( 11,388) |
- |
( 446) |
( 1,276,396)- 1,276,396- 62,543 $ 8,649,056 $- $ 351,551
Allowance For Credit Losses Reserve for Unfunded Commitments Premises and Equipment Discount Amortization on Securities Operating Lease Right-of-use Assets Operating Lease Liabilities Total
3,860,449-( 3,860,449)-( 189,162)( 3,915,052)- 3,915,052- 191,838 $ 2,359,350 $ 8,276,155
2024
$( 4,484,196) $- $ 4,484,196( 568,536)- 7,460,780
5,905
8,276,155
$ 568,536-
216,051
815,375- 39,953-( 5,905)-( 289)
$ 5,916,805 $- $ 286,249
- $
27,858
2025 NWSB Annual Report | 49