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Income Taxes | 12 Months Ended
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Dec. 31, 2023
Income Taxes |
Income Taxes | NOTE 20 Income Taxes The components of income tax expense (benefit) for the years ended December 31, 2023, 2022, and 2021 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
​ The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2023 and 2022 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
​ The reconciliation between applicable income taxes and the amount computed at the applicable statutory Federal tax rate for years ending December 31, 2023, 2022, and 2021 was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | %
​ 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 -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//740/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-21 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482526/740-270-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-17 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482603/740-30-50-2 + Details
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