Income Tax (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Income Taxes

	December 31 2024		December 31 2023		December 31 2022
Income tax expense
Currently payable
Federal	$	8,558	$	14,980	$	9,111
State	363		(640)		888
Deferred
Federal	(15,528)		(3,393)		2,208
State	(1,472)		71		(31)
Total income tax expense	$	(8,079)	$	11,018	$	12,176
Reconciliation of federal statutory to actual tax expense
Federal statutory income tax at 21%	$	5,743	$	8,190	$	22,173
Tax exempt interest	(6,427)		(6,777)		(6,623)
Tax exempt BOLI income	(273)		(779)		(746)
Stock compensation	150		(88)		(232)
Revaluation of deferred tax assets	(5,201)		5,201		—
Other tax exempt income	—		(371)		(454)
State tax, net of federal tax effect	(1,185)		142		676
Tax credit investments, net of amortization	(1,290)		(2,976)		(2,774)
BOLI redemption ordinary income	—		5,316		—
BOLI redemption excise	—		2,532		—
Nondeductible and other	404		628		156
Actual tax expense	$	(8,079)	$	11,018	$	12,176

Schedule of Reconciliation of Deferred Tax Assets & Liabilities

	December 31 2024		December 31 2023
Assets
Allowance for credit losses	$	12,590	$	12,546
Net operating loss and tax credits	10,805		9,592
Director and employee benefits	3,334		2,471
Unrealized loss on securities and cash flow hedge	29,355		17,706
Basis difference in partnership equity investments	1,940		1,322
Capital loss carryover	—		5,201
Fair value adjustment on acquisitions	883		—
Other	2,938		2,856
Total assets	61,845		51,694
Liabilities
Depreciation	(4,061)		(4,512)
State tax	—		(253)
Federal Home Loan Bank stock dividends	(353)		(365)
Difference in basis of intangible assets	(6,553)		(4,545)
Fair value adjustment on acquisitions	—		(2,142)
Other	(1,003)		(1,131)
Total liabilities	(11,970)		(12,948)
Valuation allowance	—		(5,201)
Net deferred tax asset/(liability)	$	49,875	$	33,545