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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Provision for Income Taxes |
|  | 2023 |  | 2022 |  | 2021
Current Federal |  | $ | 13,067 |  |  | $ | 13,049 |  |  | $ | 13,437 |
Current State |  | 1,934 |  |  | 1,763 |  |  | 2,547 |
Deferred Federal |  | 2,602 |  |  | 1,868 |  |  | 2,056 |
Deferred State |  | 156 |  |  | 671 |  |  | 608 |
Total |  | $ | 17,759 |  |  | $ | 17,351 |  |  | $ | 18,648 |
Schedule of Effective Income Tax Rate Reconciliation | Effective tax rates differ from the federal statutory rate of 21% for 2023, 2022 and 2021 applied to income before income taxes due to the following:
|  | 2023 |  | 2022 |  | 2021
Statutory Rate Times Pre-tax Income |  | $ | 21,766 |  |  | $ | 20,827 |  |  | $ | 21,585 |
Add (Subtract) the Tax Effect of: |  |  |  |  |  |
Income from Tax-exempt Loans and Investments |  | (4,951) |  |  | (5,223) |  |  | (3,872) |
Non-deductible Merger Costs |  | — |  |  | 177 |  |  | — |
State Income Tax, Net of Federal Tax Effect |  | 1,651 |  |  | 1,923 |  |  | 2,492 |
General Business Tax Credits |  | (1,128) |  |  | (1,038) |  |  | (1,013) |
Amortization of Tax Credit Investments |  | 1,101 |  |  | 1,040 |  |  | 1,001 |
Company Owned Life Insurance |  | (363) |  |  | (476) |  |  | (321) |
Other Differences |  | (317) |  |  | 121 |  |  | (1,224) |
Total Income Taxes |  | $ | 17,759 |  |  | $ | 17,351 |  |  | $ | 18,648 |
Schedule of Net Deferred Tax Liability | The net deferred tax asset/(liability) at December 31 consists of the following:
|  | 2023 |  | 2022
Deferred Tax Assets: |  |  |  |
Allowance for Credit Losses |  | $ | 10,888 |  |  | $ | 10,478 |
Lease Liability (Operating Leases) |  | 1,313 |  |  | 1,585 |
Unrealized Loss on Securities |  | 57,882 |  |  | 70,234 |
Deferred Compensation and Employee Benefits |  | 1,026 |  |  | 1,162 |
Other-than-temporary Impairment |  | 245 |  |  | 246 |
Accrued Expenses |  | 1,224 |  |  | 1,325 |
Business Combination Fair Value Adjustments |  | — |  |  | 205 |
Pension and Postretirement Plans |  | 182 |  |  | 182 |
Other Real Estate Owned |  | 41 |  |  | 70 |
Non-Accrual Loan Interest Income |  | 449 |  |  | 629 |
General Business Tax Credits |  | — |  |  | 198 |
Net Operating Loss Carryforward |  | 650 |  |  | 828 |
Other |  | 879 |  |  | 1,190 |
Total Deferred Tax Assets |  | 74,779 |  |  | 88,332 |
Deferred Tax Liabilities: |  |  |  |
Depreciation |  | (3,416) |  |  | (2,859) |
Leasing Activities, Net |  | (12,926) |  |  | (10,983) |
FHLB Stock Dividends |  | (455) |  |  | (488) |
Prepaid Expenses |  | (154) |  |  | (684) |
Intangibles |  | (2,376) |  |  | (3,181) |
Deferred Loan Fees |  | (954) |  |  | (1,127) |
Mortgage Servicing Rights |  | (51) |  |  | (58) |
Right of Use Asset (Operating Leases) |  | (1,274) |  |  | (1,548) |
Business Combination Fair Value Adjustments |  | (478) |  |  | — |
Other |  | (1,325) |  |  | (924) |
Total Deferred Tax Liabilities |  | (23,409) |  |  | (21,852) |
Valuation Allowance |  | — |  |  | — |
Net Deferred Tax Asset/(Liability) |  | $ | 51,370 |  |  | $ | 66,480 |

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