Income Tax (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Reconciliation of Income Taxes

	December 31 2022		December 31 2021		December 31 2020
Income tax expense
Currently payable
Federal	$	9,111	$	11,742	$	16,914
State	888		1,303		2,377
Deferred
Federal	2,208		2,056		(7,970)
State	(31)		255		(1,451)
Total income tax expense	$	12,176	$	15,356	$	9,870
Reconciliation of federal statutory to actual tax expense
Federal statutory income tax at 21%	$	22,173	$	21,514	$	16,457
Tax exempt interest	(6,623)		(5,362)		(4,090)
Tax exempt BOLI income	(746)		(604)		(531)
Stock compensation	(232)		(250)		(160)
Other tax exempt income	(454)		(404)		(334)
State tax	676		1,231		733
Tax credit investments	(2,774)		(981)		(2,284)
Nondeductible and other	156		212		79
Actual tax expense	$	12,176	$	15,356	$	9,870

Reconciliation of Deferred Tax Assets & Liabilities

	December 31 2022		December 31 2021
Assets
Allowance for loan losses	$	12,762	$	13,707
Net operating loss and tax credits	9,313		—
Director and employee benefits	2,019		2,094
Unrealized loss on AFS securities and cash flow hedge	28,230		—
Other	555		1,785
Total assets	52,879		17,586
Liabilities
Depreciation	(4,599)		(4,540)
State tax	(262)		(261)
Federal Home Loan Bank stock dividends	(368)		(371)
Difference in basis of intangible assets	(4,440)		(3,476)
Fair value adjustment on acquisitions	(2,807)		(3,435)
Unrealized gain on AFS securities and cash flow hedge	—		(1,953)
Other	(68)		(222)
Total liabilities	(12,544)		(14,258)
Net deferred tax asset/(liability)	$	40,335	$	3,328