Other Assets (Tables)

12 Months Ended

Dec. 31, 2021

Other Assets [Abstract]

Schedule of Other Assets

The Company had the following other assets at December 31.

(Dollars in thousands)	2021		2020
Accrued interest receivable	$	6,719	$	6,616
Deferred income taxes		2,926		4,442
Prepaid expenses		2,865		1,472
Cash surrender value on life insurance		47,935		31,018
Income taxes receivable		616		156
Derivatives		435		—
Other assets		6,371		3,075
Total	$	67,867	$	46,779

Schedule of Deferred Tax Assets and Liabilities

	December 31,		December 31,
(Dollars in thousands)	2021		2020
Deferred tax assets:
Allowance for credit losses	$	3,728	$	3,721
Write-downs of other real estate owned		12		12
Nonaccrual loan interest		253		367
Lease liabilities		3,021		1,296
Deferred compensation		1,246		778
Deferred loan costs		730		1,122
Other		903		231
Total deferred tax assets		9,893		7,527
Less valuation allowance		(474)		(169)
Deferred tax assets, net of valuation allowance		9,419		7,358
Deferred tax liabilities:
Depreciation		1,030		177
Right-of-use assets		2,968		1,275
Mortgage servicing rights		1,084		—
Acquisition accounting adjustments		986		580
Deferred capital gain on branch sale		180		187
Unrealized gains on available-for-sale securities		13		567
Other		232		130
Total deferred tax liabilities		6,493		2,916
Net deferred tax assets	$	2,926	$	4,442