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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 (Benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | 2023 |  | 2022 |  | 2021
Current: |  | ​ |  |  | ​ |  |  | ​ |
Federal tax expense | ​ | $ | 10,704 | ​ | $ | 10,444 | ​ | $ | 7,796
State tax expense | ​ |  | 2,247 | ​ |  | 1,551 | ​ |  | 1,106
Total current tax expense | ​ |  | 12,951 | ​ |  | 11,995 | ​ |  | 8,902
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax (benefit) expense | ​ |  | (686) | ​ |  | (707) | ​ |  | 427
Total income tax expense | ​ | $ | 12,265 | ​ | $ | 11,288 | ​ | $ | 9,329
Schedule of Effective Income Tax Rate Reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022 | ​ | 2021 |
(in thousands, except ratios) | ​ | Amount | ​ | Rate | ​ | Amount | ​ | Rate | ​ | Amount | ​ | Rate |
Statutory tax rate |  | $ | 11,995 |  | 21.00 | % | $ | 11,517 |  | 21.00 | % | $ | 10,210 |  | 21.00 | %
Increase (decrease) resulting from: |  | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |
State taxes, net of federal benefit |  | ​ | 1,539 |  | 2.69 |  | ​ | 1,477 |  | 2.69 |  | ​ | 1,280 |  | 2.63 |
Tax exempt interest |  | ​ | (1,042) |  | (1.82) |  | ​ | (1,003) |  | (1.83) |  | ​ | (1,240) |  | (2.55) |
Federal tax credits |  | ​ | (471) |  | (0.82) |  | ​ | (241) |  | (0.44) |  | ​ | (582) |  | (1.20) |
Officers' life insurance |  | ​ | (578) |  | (1.01) |  | ​ | (498) |  | (0.91) |  | ​ | (466) |  | (0.96) |
Gain on disposal of low income housing tax credit investments |  | ​ | — |  | — |  | ​ | — |  | — |  | ​ | — |  | — |
Stock-based compensation plans |  | ​ | 17 |  | 0.03 |  | ​ | (16) |  | (0.03) |  | ​ | (73) |  | (0.15) |
Other |  | ​ | 805 | ​ | 1.40 |  | ​ | 52 |  | 0.10 |  | ​ | 200 |  | 0.42 |
Effective tax rate | ​ | $ | 12,265 |  | 21.47 | % | $ | 11,288 |  | 20.58 | % | $ | 9,329 |  | 19.19 | %
Schedule of Deferred Tax Assets and Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022
(in thousands) | ​ | Assets | ​ | Liabilities | ​ | Assets | ​ | Liabilities
Allowance for credit losses |  | $ | 6,593 |  | $ | — |  | $ | 5,964 |  | $ | —
Deferred compensation | ​ |  | 3,678 | ​ |  | — | ​ |  | 3,812 | ​ |  | —
Unrealized gain or loss on securities available for sale | ​ |  | 14,702 | ​ |  | — | ​ |  | 16,586 | ​ |  | —
Unrealized gain or loss on derivatives | ​ |  | 312 | ​ |  | — | ​ |  | 539 | ​ |  | —
Depreciation | ​ |  | — | ​ |  | 1,101 | ​ |  | — | ​ |  | 1,723
Deferred loan origination fees, net | ​ |  | — | ​ |  | 129 | ​ |  | 129 | ​ |  | —
Non-accrual interest | ​ |  | 632 | ​ |  | — | ​ |  | 600 | ​ |  | —
Branch acquisition costs and goodwill | ​ |  | — | ​ |  | 1,987 | ​ |  | — | ​ |  | 1,644
Core deposit intangible | ​ |  | — | ​ |  | 689 | ​ |  | — | ​ |  | 806
Acquisition fair value adjustments | ​ |  | 232 | ​ |  | — | ​ |  | 213 | ​ |  | —
Prepaid expenses | ​ |  | — | ​ |  | 297 | ​ |  | — | ​ |  | 271
Mortgage servicing rights | ​ |  | — | ​ |  | 741 | ​ |  | — | ​ |  | 780
Equity compensation | ​ |  | 1,016 | ​ |  | — | ​ |  | 736 | ​ |  | —
Prepaid pension | ​ |  | — | ​ |  | 669 | ​ |  | — | ​ |  | 616
Contract incentives | ​ |  | 564 | ​ |  | — | ​ |  | 766 | ​ |  | —
Right of use asset | ​ |  | — | ​ |  | 1,611 | ​ |  | — | ​ |  | 1,863
Lease liability | ​ |  | 1,716 | ​ |  | — | ​ |  | 1,961 | ​ |  | —
Other | ​ |  | 758 | ​ |  | — | ​ |  | 840 | ​ |  | —
Total | ​ | $ | 30,203 | ​ | $ | 7,224 | ​ | $ | 32,146 | ​ | $ | 7,703

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