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Income Taxes | 12 Months Ended
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Dec. 31, 2020
Income Taxes [Abstract] |
INCOME TAXES | NOTE 16. INCOME TAXES The following table provides information on components of income tax expense for continuing operations for each of the two years ended December 31. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | 2020 |  | 2019
Current tax expense: |  | ​ |  |  | ​ |
Federal | ​ | $ | 5,477 | ​ | $ | 3,974
State | ​ |  | 2,025 | ​ |  | 1,395
​ | ​ |  | 7,502 | ​ |  | 5,369
Deferred income tax (benefit) expense: | ​ |  |  | ​ |  |
Federal | ​ |  | (1,650) | ​ |  | 122
State | ​ |  | (535) | ​ |  | 119
​ | ​ |  | (2,185) | ​ |  | 241
​ | ​ | ​ | ​ | ​ | ​ | ​
Total income tax expense | ​ | $ | 5,317 | ​ | $ | 5,610
​ The following table provides a reconciliation of tax computed at the statutory federal tax rate to the actual tax expense for continuing operations for each of the two years ended December 31. ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |
Tax at federal statutory rate |  | 21 | % | 21 | %
Tax effect of: |  |  |  |  | ​
Tax-exempt income |  | (1.6) |  | (1.0) | ​
State income taxes, net of federal benefit |  | 5.6 |  | 5.5 | ​
Other |  | 0.3 |  | 0.1 | ​
Actual income tax expense rate |  | 25.3 | % | 25.6 | %
​ The following table provides information on significant components of the Company’s deferred tax assets and liabilities as of December 31. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | 2020 |  | 2019
Deferred tax assets: |  | ​ |  |  | ​ |
Allowance for credit losses | ​ | $ | 3,721 | ​ | $ | 2,850
Write-downs of other real estate owned | ​ |  | 12 | ​ |  | 9
Nonaccrual loan interest | ​ |  | 367 | ​ |  | 353
Unrealized losses on available-for-sale securities transferred to held to maturity | ​ | ​ | — | ​ |  | 4
Other | ​ |  | 2,152 | ​ |  | 735
Total deferred tax assets | ​ |  | 6,252 | ​ |  | 3,951
Less valuation allowance | ​ | ​ | (169) | ​ | ​ | (63)
Deferred tax assets net of valuation allowance | ​ | ​ | 6,083 | ​ | ​ | 3,888
Deferred tax liabilities: | ​ |  |  | ​ |  |
Depreciation | ​ |  | 177 | ​ |  | 198
Acquisition accounting adjustments | ​ |  | 580 | ​ |  | 508
Deferred capital gain on branch sale | ​ |  | 187 | ​ |  | 194
Unrealized gains on available-for-sale securities | ​ |  | 567 | ​ |  | 74
Other | ​ | ​ | 130 | ​ | ​ | 160
Total deferred tax liabilities | ​ |  | 1,641 | ​ |  | 1,134
Net deferred tax assets | ​ | $ | 4,442 | ​ | $ | 2,754
​

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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 http://asc.fasb.org/extlink&oid=84230637&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 http://asc.fasb.org/extlink&oid=116825942&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 http://asc.fasb.org/extlink&oid=84230637&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 http://asc.fasb.org/extlink&oid=116825942&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 http://asc.fasb.org/extlink&oid=84230637&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 http://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 http://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 http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 + Details
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