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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Difference Between Provision for Income Taxes and Amounts Computed by Applying Statutory Federal Income Tax Rate to Income Before Income Taxes | The following table presents the differences between the provision for income taxes at the federal statutory rate and the amounts computed as reported for the periods stated.
|  | For the years ended December 31, |
(Dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Income tax at federal statutory rate |  | $ | (12,358 | ) |  |  | 21.0 | % |  | $ | 4,750 |  |  |  | 21.0 | % |  | $ | 14,317 |  |  |  | 21.0 | %
Increase (decrease) resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State income taxes, net of federal tax effect |  |  | 72 |  |  |  | (0.1 | %) |  |  | 388 |  |  |  | 1.7 | % |  |  | 1,499 |  |  |  | 2.2 | %
Tax-exempt interest income |  |  | (50 | ) |  |  | 0.1 | % |  |  | (121 | ) |  |  | (0.5 | %) |  |  | (105 | ) |  |  | (0.2 | %)
Income from life insurance |  |  | (251 | ) |  |  | 0.4 | % |  |  | (283 | ) |  |  | (1.3 | %) |  |  | (196 | ) |  |  | (0.3 | %)
Impairment of goodwill |  |  | 5,348 |  |  |  | (9.1 | %) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Merger-related expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 250 |  |  |  | 0.4 | %
Other permanent differences |  |  | 168 |  |  |  | (0.3 | %) |  |  | 554 |  |  |  | 2.4 | % |  |  | (64 | ) |  |  | (0.1 | %)
(Benefit) provision for income taxes |  | $ | (7,071 | ) |  |  | 12.0 | % |  | $ | 5,288 |  |  |  | 23.3 | % |  | $ | 15,701 |  |  |  | 23.0 | %
Schedule of Significant Components of Provision for Income Taxes | The following table presents the significant components of the provision for income taxes for the periods stated.
|  | For the years ended December 31, |
(Dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Current tax provision (benefit) |  |  |  |  |  |  |  |  |
Federal |  | $ | 165 |  |  | $ | 4,762 |  |  | $ | 12,832 |
State |  |  | (181 | ) |  |  | 546 |  |  |  | 946 |
Total current tax (benefit) provision |  |  | (16 | ) |  |  | 5,308 |  |  |  | 13,778 |
Deferred tax provision (benefit) |  |  |  |  |  |  |  |  |
Federal |  |  | (7,048 | ) |  |  | 185 |  |  |  | 971 |
State |  |  | (7 | ) |  |  | (205 | ) |  |  | 952 |
Total deferred tax (benefit) provision |  |  | (7,055 | ) |  |  | (20 | ) |  |  | 1,923 |
(Benefit) provision for income taxes |  | $ | (7,071 | ) |  | $ | 5,288 |  |  | $ | 15,701 |
Schedule of Significant Components of Deferred Taxes | The following table presents significant components of deferred tax assets and liabilities as of the dates stated.
|  | December 31, |
(Dollars in thousands) |  | 2023 |  |  | 2022 |
Deferred tax assets relating to: |  |  |  |  |  |
Allowance for credit losses |  | $ | 7,857 |  |  | $ | 6,869 |
Compensation differences |  |  | 1,349 |  |  |  | 1,340 |
Reserve for unfunded loan commitments and sold loan buy backs |  |  | 904 |  |  |  | 640 |
Acquisition accounting adjustments |  |  | 862 |  |  |  | 1,522 |
Net operating loss |  |  | 5,161 |  |  |  | — |
Pass-through entities |  |  | 624 |  |  |  | 114 |
Unrealized losses on securities available for sale |  |  | 12,822 |  |  |  | 13,149 |
Other |  |  | 5,061 |  |  |  | 2,017 |
Total deferred tax assets |  |  | 34,640 |  |  |  | 25,651 |
Deferred tax liabilities relating to: |  |  |  |  |  |
Premises and equipment, net |  |  | (2,102 | ) |  |  | (2,191 | )
Core deposit and customer-based intangible assets |  |  | (807 | ) |  |  | (1,179 | )
Mortgage servicing rights |  |  | (5,935 | ) |  |  | (6,478 | )
Unrealized gains on other investments |  |  | (2,224 | ) |  |  | (3,491 | )
Other |  |  | (2,016 | ) |  |  | (85 | )
Total deferred tax liabilities |  |  | (13,084 | ) |  |  | (13,424 | )
Deferred tax asset, net |  | $ | 21,556 |  |  | $ | 12,227 |

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