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Income Taxes | 12 Months Ended
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Dec. 31, 2022
Income Taxes |
Income Taxes | NOTE 20 Income Taxes The components of income tax expense (benefit) for the years ended December 31, 2022, 2021, and 2020 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended
​ | ​ | December 31,
(dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Federal |  | ​ |  |  | ​ |  |  | ​ |
Current | ​ | $ | 9,005 | ​ | $ | 10,731 | ​ | $ | 14,541
Deferred | ​ |  | 727 | ​ |  | 2,212 | ​ |  | (3,615)
Federal income tax | ​ |  | 9,732 | ​ |  | 12,943 | ​ |  | 10,926
State | ​ |  |  | ​ |  |  | ​ |  |
Current | ​ |  | 2,298 | ​ |  | 2,879 | ​ |  | 3,736
Deferred | ​ |  | 147 | ​ |  | 574 | ​ |  | (819)
State income tax | ​ |  | 2,445 | ​ |  | 3,453 | ​ |  | 2,917
Total income tax expense | ​ | $ | 12,177 | ​ | $ | 16,396 | ​ | $ | 13,843
​ The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2022 and 2021 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
(dollars in thousands) |  | 2022 |  | 2021
Deferred Tax Assets |  | ​ |  |  | ​ |
Allowance for loan losses | ​ | $ | 7,818 | ​ | $ | 7,925
Employee compensation and benefit accruals | ​ |  | 2,455 | ​ |  | 2,762
Expense accruals | ​ |  | 417 | ​ |  | 634
Identifiable intangible amortization | ​ |  | 3,363 | ​ |  | 3,341
Deferred loan fees | ​ |  | 1,665 | ​ |  | 58
Net operating loss carry forwards | ​ |  | 3 | ​ |  | 42
Nonaccrual loan interest | ​ |  | 74 | ​ |  | 86
Unrealized loss on available‑for‑sale investment securities | ​ |  | 33,056 | ​ |  | 1,426
Other | ​ |  | 884 | ​ |  | 518
Total deferred tax assets from temporary differences | ​ |  | 49,735 | ​ |  | 16,792
Deferred Tax Liabilities | ​ |  |  | ​ |  |
Accumulated depreciation | ​ |  | 835 | ​ |  | 918
Goodwill and intangible amortization | ​ |  | 5,115 | ​ |  | 2,752
Servicing assets | ​ |  | 663 | ​ |  | 451
Prepaid expenses | ​ |  | 552 | ​ |  | 1,014
Other | ​ |  | 201 | ​ |  | 43
Total deferred tax liabilities from temporary differences | ​ |  | 7,366 | ​ |  | 5,178
Net Deferred Tax Assets | ​ | $ | 42,369 | ​ | $ | 11,614
​ The reconciliation between applicable income taxes and the amount computed at the applicable statutory Federal tax rate for years ending December 31, 2022, 2021, and 2020 was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, | ​
​ | ​ | 2022 | ​ | ​ | 2021 | ​ | 2020 | ​
​ |  | ​ | ​ |  | 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 | ​ | $ | 10,958 |  | 21.0 | % | ​ | $ | 14,506 |  | 21.0 | % | $ | 12,289 |  | 21.0 | %
Tax effect of: | ​ |  |  |  |  | ​ | ​ |  |  |  |  | ​ |  | ​ |  |  | ​
Tax exempt income | ​ |  | (514) |  | (1.0) | % | ​ |  | (556) |  | (0.8) | % |  | (527) |  | (0.9) | %
State income taxes, net of federal benefits | ​ |  | 2,297 |  | 4.4 | % | ​ |  | 2,973 |  | 4.3 | ​ |  | 2,522 |  | 4.3 | %
Nondeductible items and other | ​ | ​ | (564) | ​ | (1.1) | % | ​ | ​ | (527) | ​ | (0.8) | ​ | ​ | (441) | ​ | (0.8) | %
Applicable income taxes | ​ | $ | 12,177 |  | 23.3 | % | ​ | $ | 16,396 |  | 23.7 | % | $ | 13,843 |  | 23.6 | %
​ It is the opinion of management that the Company has no significant uncertain tax positions that would be subject to change upon examination.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI https://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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