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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of provision for income taxes
   For The Year Ended
December 31,
 
($ in thousands)  2020   2019 
Taxes currently payable  $5,939   $2,938 
Deferred provision   (2,444)   (279)
Income tax expense  $3,495   $2,659 
Schedule of reconciliation of income tax expense
   For The Year Ended
December 31,
 
($ in thousands)  2020   2019 
Computed at the statutory rate (21%)  $3,872   $3,073 
Increase (decrease) resulting from          
Tax exempt interest   (91)   (113)
BOLI income   (65)   (71)
Stock compensation   (39)   (45)
Other   (182)   (185)
Actual tax expense  $3,495   $2,659 
Schedule of temporary differences related to deferred taxes shown
   For The Year Ended
December 31,
 
($ in thousands)  2020   2019 
Deferred tax assets        
Allowance for loan losses  $2,641   $1,838 
Net deferred loan fees   298    53 
Section 475 MTM   645    209 
Accrued bonus   375    192 
Other   714    258 
    4,673    2,550 
Deferred tax liabilities          
Depreciation   (1,168)   (1,009)
Mortgage servicing rights   (1,668)   (2,378)
Unrealized gains on available-for-sale securities   (587)   (175)
Purchase accounting adjustments   (1,628)   (1,227)
Prepaids   (465)   (447)
FHLB stock dividends   (288)   (288)
    (5,804)   (5,524)
Net deferred tax liability  $(1,131)  $(2,974)