Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

(Dollars in thousands)	2020		2019
Current tax expense:
Federal	$	5,477	$	3,974
State		2,025		1,395
		7,502		5,369
Deferred income tax (benefit) expense:
Federal		(1,650)		122
State		(535)		119
		(2,185)		241
Total income tax expense	$	5,317	$	5,610

Schedule of Effective Income Tax Rate Reconciliation

	2020		2019
Tax at federal statutory rate	21	%	21	%
Tax effect of:
Tax-exempt income	(1.6)		(1.0)
State income taxes, net of federal benefit	5.6		5.5
Other	0.3		0.1
Actual income tax expense rate	25.3	%	25.6	%

Schedule of Deferred Tax Assets and Liabilities

(Dollars in thousands)	2020		2019
Deferred tax assets:
Allowance for credit losses	$	3,721	$	2,850
Write-downs of other real estate owned		12		9
Nonaccrual loan interest		367		353
Unrealized losses on available-for-sale securities transferred to held to maturity		—		4
Other		2,152		735
Total deferred tax assets		6,252		3,951
Less valuation allowance		(169)		(63)
Deferred tax assets net of valuation allowance		6,083		3,888
Deferred tax liabilities:
Depreciation		177		198
Acquisition accounting adjustments		580		508
Deferred capital gain on branch sale		187		194
Unrealized gains on available-for-sale securities		567		74
Other		130		160
Total deferred tax liabilities		1,641		1,134
Net deferred tax assets	$	4,442	$	2,754