XML 35 R19.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Taxes |
Income Taxes | Note 11: Income Taxes ​ Income tax expense (benefit) for the years ending December 31, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
Current federal | ​ | $ | 20,724 | ​ | $ | 13,241 | ​ | $ | 750
Current state | ​ | ​ | 10,098 | ​ | ​ | 6,209 | ​ | ​ | 594
Deferred federal | ​ | ​ | 1,964 | ​ | ​ | 3,338 | ​ | ​ | 4,445
Deferred state | ​ | ​ | (107) | ​ | ​ | 1,356 | ​ | ​ | 2,034
Total income tax expense | ​ | $ | 32,679 | ​ | $ | 24,144 | ​ | $ | 7,823
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​ ​ The following were the components of the deferred tax assets and liabilities as of December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
Accrued bonus | ​ | $ | 2,500 | ​ | $ | 2,700
Allowance for credit losses | ​ | ​ | 13,077 | ​ | ​ | 15,591
Deferred compensation | ​ | ​ | 1,622 | ​ | ​ | 1,292
Stock based compensation | ​ | ​ | 1,768 | ​ | ​ | 1,257
Business combination adjustments | ​ | ​ | 270 | ​ | ​ | 1,138
Lease liability | ​ | ​ | 3,201 | ​ | ​ | 682
Other assets | ​ | ​ | 1,602 | ​ | ​ | 939
Total deferred tax assets | ​ | ​ | 24,040 | ​ | ​ | 23,599
​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated depreciation on premises and equipment | ​ | ​ | (5,454) | ​ | ​ | (4,107)
Goodwill amortization/impairment | ​ | ​ | (465) | ​ | ​ | (229)
Mortgage servicing rights | ​ | ​ | (2,842) | ​ | ​ | (3,103)
Amortization of core deposit intangible | ​ | ​ | (2,987) | ​ | ​ | (3,673)
Right of use asset | ​ | ​ | (1,969) | ​ | ​ | (682)
Acquired securities | ​ | ​ | (2,376) | ​ | ​ | (1,921)
Other liabilities | ​ | ​ | (1,263) | ​ | ​ | (1,343)
Total deferred tax liabilities | ​ | ​ | (17,356) | ​ | ​ | (15,058)
Net deferred tax asset before adjustments related to other comprehensive income | ​ | ​ | 6,684 | ​ | ​ | 8,541
Tax effect of adjustments related to other comprehensive income | ​ | ​ | 24,393 | ​ | ​ | 36,209
Net deferred tax asset | ​ | $ | 31,077 | ​ | $ | 44,750
​ | ​ | ​ | ​ | ​ | ​ | ​
​ At December 31, 2023, 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 (loss) for the years ended December 31, due to the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
Tax at statutory federal income tax rate | ​ | $ | 26,126 | ​ | $ | 19,225 | ​ | $ | 5,852
Nontaxable interest income, net of disallowed interest deduction | ​ | ​ | (947) | ​ | ​ | (1,097) | ​ | ​ | (1,069)
BOLI income | ​ | ​ | (445) | ​ | ​ | (151) | ​ | ​ | (292)
State income taxes, net of federal benefit | ​ | ​ | 7,911 | ​ | ​ | 6,091 | ​ | ​ | 2,054
Stock based compensation | ​ | ​ | (132) | ​ | ​ | (43) | ​ | ​ | 54
Transaction costs | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 396
Other, net | ​ | ​ | 166 | ​ | ​ | 119 | ​ | ​ | 828
Total tax at effective tax rate | ​ | $ | 32,679 | ​ | $ | 24,144 | ​ | $ | 7,823
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ 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.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//740/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-21 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482526/740-270-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-17 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482603/740-30-50-2 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration