Have you considered a router with an edge guide, freehand, 1/2" down spiral bit...? Add a long piece of wood on the edge guide so you can route straight past the edge of the board...
Nibble away at it until you hit the desired depth...cut a line with a knife so you don't get tear out at the board end of the tenon...
Then flip it over and repeat. When done with the faces, chisel the edges to your dimension...
Start nibbling at the end of the board and work your way in so the router always has support...complete the cut to depth then move in some more til you get to your shoulder line...
I've also used a radial arm saw to nibble then dress it with a block plane and chisel...if you don't have a shoulder plane or router plane...
Nibble away at it until you hit the desired depth...cut a line with a knife so you don't get tear out at the board end of the tenon...
Then flip it over and repeat. When done with the faces, chisel the edges to your dimension...
Start nibbling at the end of the board and work your way in so the router always has support...complete the cut to depth then move in some more til you get to your shoulder line...
I've also used a radial arm saw to nibble then dress it with a block plane and chisel...if you don't have a shoulder plane or router plane...