Income Tax (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Reconciliation of Income Taxes

	December 31 2020		December 31 2019		December 31 2018
Income tax expense
Currently payable
Federal	$	16,914	$	11,143	$	9,166
State	2,377		140		—
Deferred
Federal	(7,970)		1,787		1,277
State	(1,451)		233		—
Total income tax expense	$	9,870	$	13,303	$	10,443
Reconciliation of federal statutory to actual tax expense
Federal statutory income tax at 21%	$	16,457	$	16,767	$	13,348
Tax exempt interest	(4,090)		(2,977)		(1,982)
Tax exempt income	(531)		(587)		(448)
Stock compensation	(160)		(324)		(384)
Other tax exempt income	(334)		(313)		(260)
State tax	733		295		—
Tax credit investments	(2,284)		—		—
Nondeductible and other	79		442		169
Actual tax expense	$	9,870	$	13,303	$	10,443

Reconciliation of Deferred Tax Assets & Liabilities

	December 31 2020		December 31 2019
Assets
Allowance for loan losses	$	13,966	$	4,120
Net operating loss and tax credits (from acquisitions)	3		54
Director and employee benefits	2,035		1,890
Accrued pension	—		775
Other	3,139		2,145
Total assets	19,143		8,984
Liabilities
Depreciation	(4,374)		(4,456)
State tax	(315)		(10)
Federal Home Loan Bank stock dividends	(363)		(368)
Difference in basis of intangible assets	(2,921)		(3,427)
Fair value adjustment on acquisitions	(3,284)		(2,488)
Unrealized gain on AFS securities and fair value hedge	(7,404)		(1,710)
Other	(294)		(63)
Total liabilities	(18,955)		(12,522)
Net deferred tax asset/(liability)	$	188	$	(3,538)