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Income Tax (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Reconciliation of Income Taxes |
| December 31 2024 |  | December 31 2023 |  | December 31 2022
Income tax expense |  |  |  |  |
Currently payable |  |  |  |  |
Federal | $ | 8,558 |  |  | $ | 14,980 |  |  | $ | 9,111 |
State | 363 |  |  | (640) |  |  | 888 |
Deferred |  |  |  |  |
Federal | (15,528) |  |  | (3,393) |  |  | 2,208 |
State | (1,472) |  |  | 71 |  |  | (31) |
Total income tax expense | $ | (8,079) |  |  | $ | 11,018 |  |  | $ | 12,176 |
Reconciliation of federal statutory to actual tax expense |  |  |  |  |
Federal statutory income tax at 21% | $ | 5,743 |  |  | $ | 8,190 |  |  | $ | 22,173 |
Tax exempt interest | (6,427) |  |  | (6,777) |  |  | (6,623) |
Tax exempt BOLI income | (273) |  |  | (779) |  |  | (746) |
Stock compensation | 150 |  |  | (88) |  |  | (232) |
Revaluation of deferred tax assets | (5,201) |  |  | 5,201 |  |  | — |
Other tax exempt income | — |  |  | (371) |  |  | (454) |
State tax, net of federal tax effect | (1,185) |  |  | 142 |  |  | 676 |
Tax credit investments, net of amortization | (1,290) |  |  | (2,976) |  |  | (2,774) |
BOLI redemption ordinary income | — |  |  | 5,316 |  |  | — |
BOLI redemption excise | — |  |  | 2,532 |  |  | — |
Nondeductible and other | 404 |  |  | 628 |  |  | 156 |
Actual tax expense | $ | (8,079) |  |  | $ | 11,018 |  |  | $ | 12,176 |
Schedule of Reconciliation of Deferred Tax Assets & Liabilities |
| December 31 2024 |  | December 31 2023
Assets |  |  |
Allowance for credit losses | $ | 12,590 |  |  | $ | 12,546 |
Net operating loss and tax credits | 10,805 |  |  | 9,592 |
Director and employee benefits | 3,334 |  |  | 2,471 |
Unrealized loss on securities and cash flow hedge | 29,355 |  |  | 17,706 |
Basis difference in partnership equity investments | 1,940 |  |  | 1,322 |
Capital loss carryover | — |  |  | 5,201 |
Fair value adjustment on acquisitions | 883 |  |  | — |
Other | 2,938 |  |  | 2,856 |
Total assets | 61,845 |  |  | 51,694 |
Liabilities |  |  |
Depreciation | (4,061) |  |  | (4,512) |
State tax | — |  |  | (253) |
Federal Home Loan Bank stock dividends | (353) |  |  | (365) |
Difference in basis of intangible assets | (6,553) |  |  | (4,545) |
Fair value adjustment on acquisitions | — |  |  | (2,142) |
Other | (1,003) |  |  | (1,131) |
Total liabilities | (11,970) |  |  | (12,948) |
Valuation allowance | — |  |  | (5,201) |
Net deferred tax asset/(liability) | $ | 49,875 |  |  | $ | 33,545 |

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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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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