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Income Taxes | 12 Months Ended
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Dec. 31, 2022
Income Taxes |
Income Taxes | Note 11: Income Taxes ​ Income tax expense (benefit) for the years ending December 31, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Current federal | ​ | $ | 13,241 | ​ | $ | 750 | ​ | $ | 6,269
Current state | ​ | ​ | 6,209 | ​ | ​ | 594 | ​ | ​ | 3,960
Deferred federal | ​ | ​ | 3,338 | ​ | ​ | 4,445 | ​ | ​ | (135)
Deferred state | ​ | ​ | 1,356 | ​ | ​ | 2,034 | ​ | ​ | (511)
Total income tax expense | ​ | $ | 24,144 | ​ | $ | 7,823 | ​ | $ | 9,583
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ The following were the components of the deferred tax assets and liabilities as of December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Accrued bonus | ​ | $ | 2,700 | ​ | $ | 1,362
Allowance for credit losses | ​ | ​ | 15,591 | ​ | ​ | 14,636
Deferred compensation | ​ | ​ | 1,292 | ​ | ​ | 1,293
Goodwill amortization/impairment | ​ | ​ | - | ​ | ​ | 919
Stock based compensation | ​ | ​ | 1,257 | ​ | ​ | 911
Business combination adjustments | ​ | ​ | 1,138 | ​ | ​ | 882
Federal recognized built-in loss ("RBIL") carryforward | ​ | ​ | - | ​ | ​ | 493
Other assets | ​ | ​ | 1,621 | ​ | ​ | 1,173
Total deferred tax assets | ​ | ​ | 23,599 | ​ | ​ | 21,669
​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated depreciation on premises and equipment | ​ | ​ | (4,107) | ​ | ​ | (1,636)
Goodwill amortization/impairment | ​ | ​ | (229) | ​ | ​ | -
Mortgage servicing rights | ​ | ​ | (3,103) | ​ | ​ | (1,982)
Amortization of core deposit intangible | ​ | ​ | (3,673) | ​ | ​ | (4,269)
Acquired securities | ​ | ​ | (1,921) | ​ | ​ | (2,458)
Other liabilities | ​ | ​ | (2,025) | ​ | ​ | (1,814)
Total deferred tax liabilities | ​ | ​ | (15,058) | ​ | ​ | (12,159)
Net deferred tax asset before adjustments related to other comprehensive income | ​ | ​ | 8,541 | ​ | ​ | 9,510
Tax effect of adjustments related to other comprehensive income | ​ | ​ | 36,209 | ​ | ​ | (3,410)
Net deferred tax asset | ​ | $ | 44,750 | ​ | $ | 6,100
​ | ​ | ​ | ​ | ​ | ​ | ​
​ At December 31, 2022, the Company had no federal net operating loss carryforward and no state net operating loss carryforward. ​ Effective tax rates differ from federal statutory rates applied to financial statement income for the years ended December 31, due to the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Tax at statutory federal income tax rate | ​ | $ | 19,225 | ​ | $ | 5,852 | ​ | $ | 7,856
Nontaxable interest income, net of disallowed interest deduction | ​ | ​ | (1,097) | ​ | ​ | (1,069) | ​ | ​ | (1,067)
BOLI income | ​ | ​ | (151) | ​ | ​ | (292) | ​ | ​ | (271)
State income taxes, net of federal benefit | ​ | ​ | 6,091 | ​ | ​ | 2,054 | ​ | ​ | 2,570
Stock based compensation | ​ | ​ | (43) | ​ | ​ | 54 | ​ | ​ | 297
Transaction costs | ​ | ​ | - | ​ | ​ | 396 | ​ | ​ | -
Other, net | ​ | ​ | 119 | ​ | ​ | 828 | ​ | ​ | 198
Total tax at effective tax rate | ​ | $ | 24,144 | ​ | $ | 7,823 | ​ | $ | 9,583
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ The Company evaluated positive and negative evidence in order to determine if it was more likely than not that the deferred tax asset would be recovered through future income. Significant positive evidence evaluated included recent and projected earnings, strong asset quality and an improved capital position. No significant negative evidence was noted.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI https://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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