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Income Tax (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Income Taxes

			December 31 2023						December 31 2022						December 31 2021
Income tax expense
Currently payable
Federal			$	14,980					$	9,111					$	11,742
State			(640)						888						1,303
Deferred
Federal			(8,594)						2,208						2,056
State			71						(31)						255
Revaluation of deferred tax assets			5,201						—						—
Total income tax expense			$	11,018					$	12,176					$	15,356
Reconciliation of federal statutory to actual tax expense
Federal statutory income tax at 21%			$	8,190					$	22,173					$	21,514
Tax exempt interest			(6,777)						(6,623)						(5,362)
Tax exempt BOLI income			(779)						(746)						(604)
Stock compensation			(88)						(232)						(250)
Revaluation of deferred tax assets			5,201						—						—
Other tax exempt income			(371)						(454)						(404)
State tax			142						676						1,231
Tax credit investments			(2,976)						(2,774)						(981)
BOLI redemption ordinary income			5,316						—						—
BOLI redemption excise			2,532						—						—
Nondeductible and other			628						156						212
Actual tax expense			$	11,018					$	12,176					$	15,356

Schedule of Reconciliation of Deferred Tax Assets & Liabilities

			December 31 2023						December 31 2022
Assets
Allowance for credit losses			$	12,546					$	12,762
Net operating loss and tax credits			9,592						9,313
Director and employee benefits			2,471						2,019
Unrealized loss on AFS securities and cash flow hedge			17,706						28,230
Basis in partnership equity investments			1,322						—
Capital loss carryover			5,201						—
Other			2,856						555
Total assets			51,694						52,879
Liabilities
Depreciation			(4,512)						(4,599)
State tax			(253)						(262)
Federal Home Loan Bank stock dividends			(365)						(368)
Difference in basis of intangible assets			(4,545)						(4,440)
Fair value adjustment on acquisitions			(2,142)						(2,807)
Other			(1,131)						(68)
Total liabilities			(12,948)						(12,544)
Valuation allowance			(5,201)						—
Net deferred tax asset/(liability)			$	33,545					$	40,335

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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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

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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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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