INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense for the dates indicated consisted of the following:

	Year Ended December 31,
	2023		2022		2021
				(As Restated)
Current income tax expense:
Federal	$	7,021	$	5,990	$	5,122
State		3,711		3,638		2,572
Total current tax expense		10,732		9,628		7,694
Deferred income tax expense (benefit):
Federal		(206)		(402)		(95)
State		207		(518)		190
Total deferred tax expense (benefit)		1		(920)		95
Total income tax expense	$	10,733	$	8,708	$	7,789

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense results in effective tax rates that differ from the statutory federal income tax rate for the years indicated as follows:

	December 31, 2023				December 31, 2022				December 31, 2021
	Amount		Rate%		Amount		Rate%		Amount		Rate%
						(As Restated)	(As Restated)
Federal statutory tax rate	$	8,013	21.00	%	$	6,812	21.00	%	$	5,981	21.00	%
State statutory tax rate, net of federal effective tax rate		3,095	8.10			2,465	7.60			2,182	7.66
Tax exempt interest		(76)	(0.20)			(94)	(0.29)			(80)	(0.28)
BOLI		(140)	(0.40)			(124)	(0.38)			(140)	(0.49)
Acquisition expenses		—	—			94	0.29			—	—
Other		(159)	(0.40)			(445)	(1.37)			(154)	(0.54)
Total income tax expense	$	10,733	28.10	%	$	8,708	26.85	%	$	7,789	27.35	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets at the dates indicated, included as a component of interest receivable and other assets in the consolidated balance sheets consisted of the following:

	December 31,		December 31,
	2023		2022
				(As Restated)
Deferred tax assets
Net operating loss carryforward	$	3,191	$	3,945
Salary continuation plan		1,453		1,400
Allowance for credit losses		6,450		5,469
Stock based compensation		153		355
Lease liability		4,237		4,959
Other liabilities		—		459
Unrealized loss on AFS securities		5,885		4,682
Unrealized loss on equity securities		1,642		1,316
Other		1,265		1,547
Total deferred tax assets		24,276		24,132
Deferred tax liabilities
Core deposit intangible		(1,125)		(1,506)
ROU assets		(4,004)		(4,794)
FHLB stock dividend		(246)		(248)
Partnership investments		(973)		(974)
Deferred loan costs and other		(1,204)		(1,098)
Total deferred tax liability		(7,552)		(8,620)
Deferred tax assets, net	$	16,724	$	15,512