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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Taxes |
Schedule of principal components of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(Dollars in thousands) |  | 2023 |  | 2022 |  | 2021 |
Current taxes | ​ | $ | 4,832 | ​ | $ | 6,887 | ​ | $ | 9,049 | ​
Deferred taxes | ​ |  | 586 | ​ |  | 708 | ​ |  | (90) | ​
​ | ​ | $ | 5,418 | ​ | $ | 7,595 | ​ | $ | 8,959 | ​
Schedule of reconciliation of effective income tax rate to income tax provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
​ | ​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021 | ​
(Dollars in thousands) | ​ | Amount | ​ | Percent | ​ | Amount | ​ | Percent | ​ | Amount | ​ | Percent |
Income tax at statutory rates | ​ | $ | 6,124 |  | 21.0 | % | $ | 7,762 |  | 21.0 | % | $ | 7,997 |  | 21.0 | %
State income taxes | ​ |  | 82 |  | 0.3 | ​ |  | 536 |  | 1.5 | ​ |  | 1,340 |  | 3.5 | ​
Tax-exempt interest income | ​ |  | (582) |  | (2.0) | ​ |  | (427) |  | (1.1) | ​ |  | (396) |  | (1.0) | ​
Excess compensation | ​ | ​ | 38 | ​ | 0.1 | ​ | ​ | — | ​ | — | ​ | ​ | 571 | ​ | 1.5 | ​
Income from bank-owned life insurance | ​ | ​ | (104) | ​ | (0.4) | ​ | ​ | (130) | ​ | (0.4) | ​ | ​ | (110) | ​ | (0.3) | ​
Investments in qualified housing projects | ​ | ​ | (75) | ​ | (0.3) | ​ | ​ | (56) | ​ | (0.2) | ​ | ​ | (48) | ​ | (0.1) | ​
Share based compensation | ​ |  | (114) |  | (0.4) | ​ |  | (37) |  | (0.1) | ​ | ​ | (83) |  | (0.2) | ​
Contribution of real property | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | (107) | ​ | (0.3) | ​
Other | ​ |  | 49 |  | 0.2 | ​ |  | (53) |  | (0.1) | ​ |  | (205) |  | (0.5) | ​
​ | ​ | $ | 5,418 |  | 18.5 | % | $ | 7,595 |  | 20.6 | % | $ | 8,959 |  | 23.6 | %
Schedule of deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |
(Dollars in thousands) | ​ | 2023 | ​ | 2022 |
Deferred tax assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowances for credit losses and reserve for unfunded commitments | ​ | $ | 10,123 | ​ | $ | 10,108 | ​
Net unrealized loss on securities available for sale | ​ | ​ | 6,646 | ​ | ​ | 9,353 | ​
Nonqualified deferred compensation plan | ​ |  | 3,969 | ​ |  | 4,128 | ​
Lease liabilities | ​ | ​ | 1,877 | ​ | ​ | 1,967 | ​
Fair value adjustments related to business combinations | ​ |  | 377 | ​ |  | 711 | ​
Share-based compensation | ​ |  | 857 | ​ |  | 897 | ​
Reserve for indemnification losses | ​ |  | 433 | ​ |  | 586 | ​
Accrued expenses | ​ | ​ | 562 | ​ | ​ | 396 | ​
Other | ​ |  | 778 | ​ |  | 845 | ​
Deferred tax assets | ​ |  | 25,622 | ​ |  | 28,991 | ​
Deferred tax liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill and other intangible assets | ​ |  | (3,027) | ​ |  | (3,068) | ​
Right of use assets | ​ | ​ | (1,728) | ​ | ​ | (1,830) | ​
Depreciation | ​ |  | (1,175) | ​ |  | (917) | ​
Defined benefit plan | ​ |  | (583) | ​ |  | (649) | ​
Cash flow hedges | ​ | ​ | (378) | ​ | ​ | (513) | ​
Deferred tax liabilities | ​ |  | (6,891) | ​ |  | (6,977) | ​
Net deferred tax assets | ​ | $ | 18,731 | ​ | $ | 22,014 | ​
​

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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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