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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense (benefit)

Components of income tax expense (benefit) for the years ended December 31, 2024, 2023 and 2022 were as follows:

			Year Ended December 31,
(Dollars in thousands)			2024						2023						2022
Current expense (benefit):
Federal			$	5,744					$	5,538					$	996
State			112						1,404						(1,965)
Total current			5,856						6,942						(969)
Deferred expense:
Federal			6,800						9,300						18,854
State			1,971						1,911						6,956
Total deferred			8,771						11,211						25,810
Provision for income taxes			$	14,627					$	18,153					$	24,841

Schedule of the reasons of difference between the income tax expense (benefit) and the expected tax expense

Income tax expense (benefit) for the periods presented differed from the "expected" tax expense (computed by applying the U.S. federal corporate tax rate of 21% for the years ended December 31, 2024, 2023 and 2022, to income before income taxes) for the following reasons:

			Year Ended December 31,
(Dollars in thousands)			2024						2023						2022
Computed "expected" tax expense			$	14,288					$	16,133					$	20,741
Increase (decrease) in taxes resulting from:
Tax-exempt interest income			(868)						(702)						(692)
Other tax-exempt income			(1,370)						(1,023)						(392)
Low-income housing tax credits			(940)						(508)						(530)
State income taxes, net of Federal income tax effect, excluding impact of deferred tax valuation allowance			3,354						3,827						4,982
Change in the valuation allowance for deferred tax assets allocated to income tax expense			(1,340)						1,048						39
Prior year deferred adjustments			611						(1,043)						348
Other, net			892						421						345
Total			$	14,627					$	18,153					$	24,841

Schedule of the tax effects of temporary differences giving rise to significant portions of the deferred tax assets and deferred tax liabilities

The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows:

			December 31,
(Dollars in thousands)			2024						2023
Deferred tax assets
Lease liability			$	8,530					$	8,162
Allowance for credit losses			12,643						13,643
Accrued expenses			2,576						1,804
Employee retirement benefits			1,765						1,926
Federal and state tax credit carryforwards			1,590						2,208
Federal net operating loss carryforwards			—						1,644
State net operating loss carryforwards			2,890						4,503
Deferred compensation			4,207						3,976
Premises and equipment			4,460						4,161
Available-for-sale and held-to-maturity investment securities			—						2,309
Other			1,667						3,370
Total deferred tax assets			40,328						47,706
Deferred tax liabilities
Right-of-use lease asset			8,210						7,918
Intangible assets			2,257						2,317
Available-for-sale and held-to-maturity investment securities			5,749						—
Other			3,180						3,489
Total deferred tax liabilities			19,396						13,724
Less: Deferred tax valuation allowance			3,106						4,446
Net deferred tax assets			$	17,826					$	29,536

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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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.

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-Topic 740
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-Name Accounting Standards Codification
-Section 55
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