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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Taxes [Abstract] |
Schedule of Components of Income Tax Expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | 2023 |  | 2022
Current Tax expense: | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 4,002 | ​ | $ | 5,504
State | ​ | ​ | 1,303 | ​ | ​ | 2,034
​ | ​ | $ | 5,305 | ​ | $ | 7,538
Deferred tax (benefit)/expense: | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | (774) | ​ | $ | 339
State | ​ | ​ | (115) | ​ | ​ | 256
​ | ​ | $ | (889) | ​ | $ | 595
Income tax expense for the year | ​ | $ | 4,416 | ​ | $ | 8,133
Reconciliation of Federal Income Tax Rate to Effective Income Tax Rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
Federal statutory rate | ​ | ​ | 21.0% | ​ | ​ | 21.0%
Tax-exempt income on securities and loans | ​ | ​ | (0.8) | ​ | ​ | (0.8)
Tax-exempt BOLI income | ​ | ​ | (1.3) | ​ | ​ | (0.8)
State income tax, net of federal tax benefit | ​ | ​ | 4.7 | ​ | ​ | 5.6
Tax credits | ​ | ​ | (0.8) | ​ | ​ | (0.4)
Other | ​ | ​ | (0.1) | ​ | ​ | (0.1)
​ | ​ | ​ | 22.7% | ​ | ​ | 24.5%
Components of Deferred Tax Assets and Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | 2023 |  | 2022
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Allowance for credit losses | ​ | $ | 4,855 | ​ | $ | 3,880
Deferred fees | ​ | ​ | 96 | ​ | ​ | 54
Deferred compensation | ​ | ​ | 1,285 | ​ | ​ | 1,163
Federal and state tax loss carry forwards | ​ | ​ | 2,776 | ​ | ​ | 2,873
Unrealized loss on investment securities | ​ | ​ | 7,356 | ​ | ​ | 8,419
SERP | ​ | ​ | 2,622 | ​ | ​ | 1,948
Lease liability | ​ | ​ | 362 | ​ | ​ | 471
Low income housing | ​ | ​ | 439 | ​ | ​ | 511
Other than temporary impairment on investment securities | ​ | ​ | 464 | ​ | ​ | 520
Other real estate owned | ​ | ​ | 83 | ​ | ​ | 120
Other | ​ | ​ | 392 | ​ | ​ | 133
Total deferred tax assets | ​ | ​ | 20,730 | ​ | ​ | 20,092
Valuation allowance | ​ | ​ | (2,776) | ​ | ​ | (2,873)
Total deferred tax assets less valuation allowance | ​ | ​ | 17,954 | ​ | ​ | 17,219
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Goodwill and other intangibles | ​ | ​ | (2,762) | ​ | ​ | (2,736)
Lease right-of-use asset | ​ | ​ | (282) | ​ | ​ | (418)
Pension | ​ | ​ | (2,958) | ​ | ​ | (2,121)
Depreciation | ​ | ​ | (403) | ​ | ​ | (921)
Derivative contract | ​ | ​ | (200) | ​ | ​ | (283)
Other | ​ | ​ | (216) | ​ | ​ | (135)
Total deferred tax liabilities | ​ | ​ | (6,821) | ​ | ​ | (6,614)
Net deferred tax assets | ​ | $ | 11,133 | ​ | $ | 10,605

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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