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Income Taxes | 12 Months Ended
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Dec. 31, 2022
Income Taxes [Abstract] |
INCOME TAXES | NOTE 18. INCOME TAXES The following table provides information on components of income tax expense for the years ended December 31. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | 2022 |  | 2021
Current tax expense: |  | ​ |  |  | ​ |
Federal | ​ | $ | 8,814 | ​ | $ | 3,920
State | ​ |  | 3,332 | ​ |  | 1,614
​ | ​ |  | 12,146 | ​ |  | 5,534
Deferred income tax (benefit) expense: | ​ |  |  | ​ |  |
Federal | ​ |  | (911) | ​ |  | 136
State | ​ |  | (271) | ​ |  | 142
​ | ​ |  | (1,182) | ​ |  | 278
​ | ​ | ​ | ​ | ​ | ​ | ​
Total income tax expense | ​ | $ | 10,964 | ​ | $ | 5,812
​ The following table provides a reconciliation of tax computed at the statutory federal tax rate to the actual tax expense for the years ended December 31. ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |
Tax at federal statutory rate |  | 21 | % | 21 | %
Tax effect of: |  |  |  |  | ​
Tax-exempt income |  | (1.0) |  | (1.6) | ​
State income taxes, net of federal benefit |  | 5.7 |  | 6.6 | ​
Other |  | 0.3 |  | 1.4 | ​
Actual income tax expense rate |  | 26.0 | % | 27.4 | %
​ The following table provides information on significant components of the Company’s deferred tax assets and liabilities for the years ended December 31. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, | ​ | December 31,
(Dollars in thousands) |  | 2022 |  | 2021
Deferred tax assets: |  | ​ |  |  | ​ |
Allowance for credit losses | ​ | $ | 4,460 | ​ | $ | 3,728
Write-downs of other real estate owned | ​ |  | 21 | ​ |  | 12
Nonaccrual loan interest | ​ |  | 345 | ​ |  | 253
Lease liabilities | ​ | ​ | 2,635 | ​ | ​ | 3,021
Deferred compensation | ​ | ​ | 1,522 | ​ | ​ | 1,246
Deferred loan costs | ​ |  | 1,183 | ​ |  | 730
Unrealized losses on available-for-sale securities | ​ | ​ | 3,399 | ​ | ​ | —
Other | ​ |  | 1,487 | ​ |  | 903
Total deferred tax assets | ​ |  | 15,052 | ​ |  | 9,893
Less valuation allowance | ​ | ​ | (791) | ​ | ​ | (474)
Deferred tax assets, net of valuation allowance | ​ | ​ | 14,261 | ​ | ​ | 9,419
Deferred tax liabilities: | ​ |  |  | ​ |  |
Depreciation | ​ |  | 2,491 | ​ |  | 1,030
Right-of-use assets | ​ | ​ | 2,560 | ​ | ​ | 2,968
Mortgage servicing rights | ​ | ​ | 1,405 | ​ | ​ | 1,084
Acquisition accounting adjustments | ​ |  | 57 | ​ |  | 986
Deferred capital gain on branch sale | ​ |  | 220 | ​ |  | 228
Unrealized gains on available-for-sale securities | ​ |  | — | ​ |  | 13
Other | ​ | ​ | 171 | ​ | ​ | 184
Total deferred tax liabilities | ​ |  | 6,904 | ​ |  | 6,493
Net deferred tax assets | ​ | $ | 7,357 | ​ | $ | 2,926
​

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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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