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Income Tax (Tables)

12 Months Ended

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 2019 and 2018 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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- References

No definition available.

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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