Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Difference Between Provision for Income Taxes and Amounts Computed by Applying Statutory Federal Income Tax Rate to Income Before Income Taxes

The following table presents the differences between the provision for income taxes at the federal statutory rate and the amounts computed as reported for the periods stated.

	For the years ended December 31,
(Dollars in thousands)	2024					2023
Income tax at federal statutory rate	$	(3,466	)	21.0	%	$	(12,358	)	21.0	%
(Decrease) increase resulting from:
State income taxes, net of federal tax effect		(398	)	2.4	%		72		(0.1	%)
Tax-exempt interest income		(29	)	0.2	%		(50	)	0.1	%
Tax-exempt BOLI income		(180	)	1.1	%		(251	)	0.4	%
Taxable gain and nondeductible penalties due to BOLI surrender		2,215		(13.4	%)		—		—
Impairment of goodwill		—		—			5,348		(9.1	%)
Equity compensation		278		(1.7	%)		156		(0.3	%)
Other permanent differences		458		(2.8	%)		12		(—	%)
Total benefit for income taxes	$	(1,122	)	6.8	%	$	(7,071	)	12.0	%

Schedule of Significant Components of Provision for Income Taxes

The following table presents the significant components of the provision for income taxes for the periods stated.

	For the years ended December 31,
(Dollars in thousands)	2024			2023
Current tax provision (benefit)
Federal	$	5,046		$	165
State		18			(181	)
Total current tax provision (benefit)		5,064			(16	)
Deferred tax benefit
Federal		(5,785	)		(7,048	)
State		(401	)		(7	)
Total deferred tax benefit		(6,186	)		(7,055	)
Total benefit for income taxes	$	(1,122	)	$	(7,071	)

Schedule of Significant Components of Deferred Taxes

The following table presents significant components of deferred tax assets and liabilities as of the dates stated.

	December 31,
(Dollars in thousands)	2024			2023
Deferred tax assets relating to:
Allowance for credit losses	$	5,138		$	7,857
Compensation differences		1,391			1,349
Reserves for unfunded loan commitments, sold loan buy      backs, and MSR assets sale recourse obligations		721			904
Purchase accounting adjustments		772			862
Net operating loss		10,375			5,161
Pass-through entities		—			624
Unrealized losses on securities available for sale		12,392			12,822
Other		2,398			5,061
Total deferred tax assets		33,187			34,640
Deferred tax liabilities relating to:
Premises and equipment, net		(2,424	)		(2,102	)
Core deposit and other intangible assets		(554	)		(807	)
MSR assets		(86	)		(5,935	)
Unrealized gains on other investments		(512	)		(2,224	)
Pass-through entities		(463	)		—
Other		(1,836	)		(2,016	)
Total deferred tax liabilities		(5,875	)		(13,084	)
Deferred tax asset, net	$	27,312		$	21,556