Income Tax (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Reconciliation of Income Taxes

	December 31 2021		December 31 2020		December 31 2019
Income tax expense
Currently payable
Federal	$	11,742	$	16,914	$	11,143
State	1,303		2,377		140
Deferred
Federal	2,056		(7,970)		1,787
State	255		(1,451)		233
Total income tax expense	$	15,356	$	9,870	$	13,303
Reconciliation of federal statutory to actual tax expense
Federal statutory income tax at 21%	$	21,514	$	16,457	$	16,767
Tax exempt interest	(5,362)		(4,090)		(2,977)
Tax exempt income	(604)		(531)		(587)
Stock compensation	(250)		(160)		(324)
Other tax exempt income	(404)		(334)		(313)
State tax	1,231		733		295
Tax credit investments	(981)		(2,284)		—
Nondeductible and other	212		79		442
Actual tax expense	$	15,356	$	9,870	$	13,303

Reconciliation of Deferred Tax Assets & Liabilities

	December 31 2021		December 31 2020
Assets
Allowance for loan losses	$	13,707	$	13,966
Net operating loss and tax credits (from acquisitions)	—		3
Director and employee benefits	2,094		2,035
Other	1,785		3,139
Total assets	17,586		19,143
Liabilities
Depreciation	(4,540)		(4,374)
State tax	(261)		(315)
Federal Home Loan Bank stock dividends	(371)		(363)
Difference in basis of intangible assets	(3,476)		(2,921)
Fair value adjustment on acquisitions	(3,435)		(3,284)
Unrealized gain on AFS securities and fair value hedge	(1,953)		(7,404)
Other	(222)		(294)
Total liabilities	(14,258)		(18,955)
Net deferred tax asset/(liability)	$	3,328	$	188