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Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Deferred tax assets: |  |
Purchase accounting adjustments from mergers with County and Community Shores | $ 529 | $ 945
Allowance for credit losses | 3,294 | 1,600
Unrealized losses on securities available for sale | 15,279 | 19,745
Net operating loss carryforward | 466 | 505
Unfunded commitment reserve | 454 | 0
Compensation | 347 | 299
Other | 761 | 716
Total deferred tax assets | 21,130 | 23,810
Deferred tax liabilities: |  |
Purchase accounting adjustments from mergers with County and Community Shores | 622 | 844
Loan servicing rights | 805 | 908
Depreciation | 534 | 605
Interest rate derivative contracts | 1,568 | 660
Deferred loan fees and costs, net | 75 | 15
Other | 363 | 404
Total deferred tax liabilities | 3,967 | 3,436
Net deferred tax asset (liability) | $ 17,163 | $ 20,374

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