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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Taxes |
Schedule of components of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
​
Schedule of deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
​
Schedule of effective income tax rate reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | %
​

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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 https://asc.fasb.org/extlink&oid=121826272&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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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