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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Taxes |
Schedule of components of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended
​ | ​ | December 31,
(dollars in thousands) |  | 2023 |  | 2022 |  | 2021
Federal |  | ​ |  |  | ​ |  |  | ​ |
Current | ​ | $ | 851 | ​ | $ | 9,005 | ​ | $ | 10,731
Deferred | ​ |  | 1,151 | ​ |  | 727 | ​ |  | 2,212
Federal income tax | ​ |  | 2,002 | ​ |  | 9,732 | ​ |  | 12,943
State | ​ |  |  | ​ |  |  | ​ |  |
Current | ​ |  | 2,415 | ​ |  | 2,298 | ​ |  | 2,879
Deferred | ​ |  | (259) | ​ |  | 147 | ​ |  | 574
State income tax | ​ |  | 2,156 | ​ |  | 2,445 | ​ |  | 3,453
Total income tax expense | ​ | $ | 4,158 | ​ | $ | 12,177 | ​ | $ | 16,396
Schedule of deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
(dollars in thousands) |  | 2023 |  | 2022
Deferred Tax Assets |  | ​ |  |  | ​ |
Allowance for credit losses | ​ | $ | 9,002 | ​ | $ | 7,818
Employee compensation and benefit accruals | ​ |  | 2,253 | ​ |  | 2,455
Expense accruals | ​ |  | 327 | ​ |  | 417
Identifiable intangible amortization | ​ |  | 2,176 | ​ |  | 3,363
Deferred loan fees | ​ |  | 931 | ​ |  | 1,665
Net operating loss carry forwards | ​ |  | — | ​ |  | 3
Nonaccrual loan interest | ​ |  | 143 | ​ |  | 74
Unrealized loss on available‑for‑sale investment securities | ​ |  | 24,548 | ​ |  | 33,056
Unrealized loss on derivative and hedge instruments | ​ | ​ | 135 | ​ | ​ | —
Unfunded commitment liability | ​ | ​ | 1,913 | ​ | ​ | 814
Operating lease liabilities | ​ | ​ | 1,486 | ​ | ​ | —
Other | ​ |  | 129 | ​ |  | 70
Total deferred tax assets from temporary differences | ​ |  | 43,043 | ​ |  | 49,735
Deferred Tax Liabilities | ​ |  |  | ​ |  |
Accumulated depreciation | ​ |  | 737 | ​ |  | 835
Goodwill and intangible amortization | ​ |  | 3,840 | ​ |  | 5,115
Servicing assets | ​ |  | 530 | ​ |  | 663
Prepaid expenses | ​ |  | 1,188 | ​ |  | 552
Operating lease right-of-use assets | ​ | ​ | 1,539 | ​ | ​ | —
Other | ​ |  | 614 | ​ |  | 201
Total deferred tax liabilities from temporary differences | ​ |  | 8,448 | ​ |  | 7,366
Net Deferred Tax Assets | ​ | $ | 34,595 | ​ | $ | 42,369
Schedule of effective income tax rate reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, | ​
​ | ​ | 2023 | ​ | ​ | 2022 | ​ | 2021 | ​
​ |  | ​ | ​ |  | 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 | ​ | $ | 3,329 |  | 21.0 | % | ​ | $ | 10,958 |  | 21.0 | % | $ | 14,506 |  | 21.0 | %
Tax effect of: | ​ |  |  |  |  | ​ | ​ |  |  |  |  | ​ |  | ​ |  |  | ​
Tax exempt income | ​ |  | (715) |  | (4.5) | % | ​ |  | (514) |  | (1.0) | % |  | (556) |  | (0.8) | %
State income taxes, net of federal benefits | ​ |  | 715 |  | 4.5 | % | ​ |  | 2,297 |  | 4.4 | ​ |  | 2,973 |  | 4.3 | %
Nondeductible items and other | ​ | ​ | 829 | ​ | 5.2 | % | ​ | ​ | (564) | ​ | (1.1) | ​ | ​ | (527) | ​ | (0.8) | %
Applicable income taxes | ​ | $ | 4,158 |  | 26.2 | % | ​ | $ | 12,177 |  | 23.3 | % | $ | 16,396 |  | 23.7 | %

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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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