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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Taxes |
Schedule of components of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended
​ | ​ | December 31,
(dollars in thousands) |  | 2020 |  | 2019 |  | 2018
Federal |  | ​ |  |  | ​ |  |  | ​ |
Current | ​ | $ | 14,541 | ​ | $ | 7,091 | ​ | $ | 5,801
Deferred | ​ |  | (3,615) | ​ |  | 267 | ​ |  | (49)
Federal income tax | ​ |  | 10,926 | ​ |  | 7,358 | ​ |  | 5,752
State | ​ |  |  | ​ |  |  | ​ |  |
Current | ​ |  | 3,736 | ​ |  | 1,926 | ​ |  | 1,265
Deferred | ​ |  | (819) | ​ |  | 72 | ​ |  | 155
State income tax | ​ |  | 2,917 | ​ |  | 1,998 | ​ |  | 1,420
Total income tax expense | ​ | $ | 13,843 | ​ | $ | 9,356 | ​ | $ | 7,172
Schedule of deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
(dollars in thousands) |  | 2020 |  | 2019
Deferred Tax Assets |  | ​ |  |  | ​ |
Allowance for loan losses | ​ | $ | 8,556 | ​ | $ | 5,893
Employee compensation and benefit accruals | ​ |  | 2,608 | ​ |  | 2,542
Expense accruals | ​ |  | 352 | ​ |  | 935
Identifiable intangible amortization | ​ |  | 3,388 | ​ |  | 3,369
Deferred loan fees | ​ |  | 1,204 | ​ |  | 266
Net operating loss carry forwards | ​ |  | 173 | ​ |  | 236
Nonaccrual loan interest | ​ |  | 62 | ​ |  | —
Other | ​ |  | 505 | ​ |  | 341
Total deferred tax assets from temporary differences | ​ |  | 16,848 | ​ |  | 13,582
Deferred Tax Liabilities | ​ |  |  | ​ |  |
Accumulated depreciation | ​ |  | 314 | ​ |  | 1,431
Goodwill and intangible amortization | ​ |  | 2,258 | ​ |  | 1,835
Servicing assets | ​ |  | 511 | ​ |  | 965
Prepaid expenses | ​ |  | 785 | ​ |  | 804
Unrealized loss on available‑for‑sale investment securities | ​ | ​ | 3,566 | ​ | ​ | 649
Other | ​ |  | 5 | ​ |  | 7
Total deferred tax liabilities from temporary differences | ​ |  | 7,439 | ​ |  | 5,691
Net Deferred Tax Assets | ​ | $ | 9,409 | ​ | $ | 7,891
Schedule of effective income tax rate reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, | ​
​ | ​ | 2020 | ​ | ​ | 2019 | ​ | 2018 | ​
​ |  | ​ | ​ |  | Percent of |  |  | ​ | ​ |  | Percent of |  | ​ | ​ |  | Percent of |
(dollars in thousands) | ​ | Amount | ​ | Pretax Income |  | ​ | Amount | ​ | Pretax Income |  | Amount | ​ | Pretax Income |
Taxes at statutory federal income tax rate | ​ | $ | 12,289 |  | 21.0 | % | ​ | $ | 8,168 |  | 21.0 | % | $ | 6,938 |  | 21.0 | %
Tax effect of: | ​ |  |  |  |  | ​ | ​ |  |  |  |  | ​ |  | ​ |  |  | ​
Tax exempt income | ​ |  | (527) |  | (0.9) | % | ​ |  | (442) |  | (1.1) | % |  | (365) |  | (1.1) | %
State income taxes, net of federal benefits | ​ |  | 2,522 |  | 4.3 | ​ | ​ |  | 1,618 |  | 4.2 | ​ |  | 1,399 |  | 4.2 | ​
Nondeductible items and other | ​ | ​ | (441) | ​ | (0.8) | ​ | ​ | ​ | 12 | ​ | — | ​ | ​ | (800) | ​ | (2.4) | ​
Applicable income taxes | ​ | $ | 13,843 |  | 23.6 | % | ​ | $ | 9,356 |  | 24.1 | % | $ | 7,172 |  | 21.7 | %

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- Definition 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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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 + Details
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