Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes consists of the following:	2022		2021		2020
Current Federal	$	13,049	$	13,437	$	14,186
Current State	1,763		2,547		2,265
Deferred Federal	1,868		2,056		(2,765)
Deferred State	671		608		(852)
Total	$	17,351	$	18,648	$	12,834

Schedule of Effective Income Tax Rate Reconciliation

Effective tax rates differ from the federal statutory rate of 21% for 2022, 2021 and 2020 applied to income before income taxes due to the following:

	2022		2021		2020
Statutory Rate Times Pre-tax Income	$	20,827	$	21,585	$	15,759
Add (Subtract) the Tax Effect of:
Income from Tax-exempt Loans and Investments	(5,223)		(3,872)		(2,681)
Non-deductible Merger Costs	177		—		—
State Income Tax, Net of Federal Tax Effect	1,923		2,492		1,116
General Business Tax Credits	(1,038)		(1,013)		(1,085)
Company Owned Life Insurance	(476)		(321)		(484)
Other Differences	1,161		(223)		209
Total Income Taxes	$	17,351	$	18,648	$	12,834

Schedule of Net Deferred Tax Liability

The net deferred tax asset/(liability) at December 31 consists of the following:

	2022		2021
Deferred Tax Assets:
Allowance for Credit Losses	$	10,478	$	8,470
Lease Liability (Operating Leases)	1,585		1,542
Unrealized Loss on Securities	70,234		—
Deferred Compensation and Employee Benefits	1,162		878
Other-than-temporary Impairment	246		246
Accrued Expenses	1,325		1,288
Business Combination Fair Value Adjustments	205		138
Pension and Postretirement Plans	182		200
Other Real Estate Owned	70		—
Non-Accrual Loan Interest Income	629		567
General Business Tax Credits	198		—
Net Operating Loss Carryforward	828		447
Mortgage Servicing Rights	—		49
Other	1,190		1,860
Total Deferred Tax Assets	88,332		15,685
Deferred Tax Liabilities:
Depreciation	(2,859)		(2,496)
Leasing Activities, Net	(10,983)		(10,878)
Unrealized Gain on Securities	—		(4,366)
FHLB Stock Dividends	(488)		(199)
Prepaid Expenses	(684)		(646)
Intangibles	(3,181)		(1,651)
Deferred Loan Fees	(1,127)		(790)
Mortgage Servicing Rights	(58)		—
Right of Use Asset (Operating Leases)	(1,548)		(1,515)
Other	(924)		(75)
Total Deferred Tax Liabilities	(21,852)		(22,616)
Valuation Allowance	—		—
Net Deferred Tax Asset/(Liability)	$	66,480	$	(6,931)