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Income Tax (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Reconciliation of Income Taxes |
|  | December 31 |  |  | December 31 |  |  | December 31 |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |
Currently payable |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 11,143 |  |  | $ | 9,166 |  |  | $ | 12,079 |
State |  |  | 140 |  |  |  | — |  |  |  | — |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 1,787 |  |  |  | 1,277 |  |  |  | 331 |
State |  |  | 233 |  |  |  | — |  |  |  | — |
Revaluation of deferred tax assets |  |  | — |  |  |  | — |  |  |  | 2,426 |
Total income tax expense |  | $ | 13,303 |  |  | $ | 10,443 |  |  | $ | 14,836 |
Reconciliation of federal statutory to actual tax expense |  |  |  |  |  |  |  |  |  |  |  |
Federal statutory income tax at 21% in 201 9 and 2 018 35% in 2017 |  | $ | 16,767 |  |  | $ | 13,348 |  |  | $ | 16,783 |
Tax exempt interest |  |  | (2,977 | ) |  |  | (1,982 | ) |  |  | (2,699 | )
Tax exempt income |  |  | (587 | ) |  |  | (448 | ) |  |  | (638 | )
Stock compensation |  |  | (324 | ) |  |  | (384 | ) |  |  | (546 | )
Revaluation of deferred tax assets |  |  | — |  |  |  | — |  |  |  | 2,426 |
Other tax exempt income |  |  | (313 | ) |  |  | (260 | ) |  |  | (456 | )
State tax |  |  | 295 |  |  |  | — |  |  |  | — |
Nondeductible and other |  |  | 442 |  |  |  | 169 |  |  |  | (34 | )
Actual tax expense |  | $ | 13,303 |  |  | $ | 10,443 |  |  | $ | 14,836 |
Reconciliation of Deferred Tax Assets & Liabilities |
|  | December 31 |  |  | December 31 |
|  | 2019 |  |  | 2018 |
Assets |  |  |  |  |  |  |  |
Allowance for loan losses |  | $ | 4,120 |  |  | $ | 3,831 |
Net operating loss and tax credits (from acquisitions) |  |  | 54 |  |  |  | 1,038 |
Director and employee benefits |  |  | 1,890 |  |  |  | 2,392 |
Unrealized loss on AFS securities and fair value hedge |  |  | — |  |  |  | 2,165 |
Accrued pension |  |  | 775 |  |  |  | 801 |
Fair value adjustment on acquisitions |  |  | — |  |  |  | — |
Other |  |  | 2,145 |  |  |  | 670 |
Total assets |  |  | 8,984 |  |  |  | 10,897 |
Liabilities |  |  |  |  |  |  |  |
Depreciation |  |  | (4,456 | ) |  |  | (1,850 | )
State tax |  |  | (10 | ) |  |  | (137 | )
Federal Home Loan Bank stock dividends |  |  | (368 | ) |  |  | (330 | )
Difference in basis of intangible assets |  |  | (3,427 | ) |  |  | (2,919 | )
Fair value adjustment on acquisitions |  |  | (2,488 | ) |  |  | (62 | )
Unrealized gain on AFS securities and fair value hedge |  |  | (1,710 | ) |  |  | — |
Other |  |  | (63 | ) |  |  | (119 | )
Total liabilities |  |  | (12,522 | ) |  |  | (5,417 | )
Valuation allowance |  |  | — |  |  |  | (1,038 | )
Net deferred tax asset/(liability) |  | $ | (3,538 | ) |  | $ | 4,442 |

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