INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense

The following table summarizes income tax expense for the years ended December 31, 2024, 2023 and 2022:

	2024		2023		2022
Current expense	$	6,623	$	10,021	$	5,170
Deferred benefit	(867)		(651)		(591)
Income tax expense	$	5,756	$	9,370	$	4,579

Schedule of Reconciliation of Effective Income Tax Rate to Statutory Federal Rate

The following table reconciles the Company's effective income tax rate to its statutory federal rate for the years ended December 31, 2024, 2023 and 2022:

	2024		2023		2022
Statutory federal tax rate	21.0	%	21.0	%	21.0	%
Increase (decrease) resulting from:
State taxes, net of federal benefit	2.3		1.5		1.6
Tax exempt interest income	(4.6)		(2.5)		(4.1)
Income from life insurance	(2.1)		(0.8)		(1.3)
Disallowed interest expense	2.8		1.1		0.3
Low-income housing credits and related expenses	(0.2)		(0.1)		(0.2)
Merger-related expenses	1.3		0.3		—
Share-based compensation and related expenses	(0.9)		(0.1)		(0.5)
Other	1.1		0.4		0.4
Effective income tax rate	20.7	%	20.8	%	17.2	%

Summary of Deferred Tax Assets and Liabilities

The following table summarizes the Company's deferred tax assets and liabilities at December 31, 2024 and 2023.

	2024		2023
Deferred tax assets:
Allowance for credit losses	$	11,116	$	6,445
Deferred compensation	1,849		491
Retirement and salary continuation plans	4,712		3,329
Share-based compensation	785		712
Off-balance sheet reserves	565		387
Nonaccrual loan interest	1,735		1,388
Net deferred loan fees and costs	—		342
Net unrealized losses on AFS securities	8,014		7,331
Net unrealized losses on cash flow hedges	—		54
Purchase accounting adjustments	24,318		745
Bonus accrual	3,201		845
Right-of-use lease liabilities	3,248		2,594
Net operating loss carryforward	1,534		1,770
Other	2,618		677
Total deferred tax assets	63,695		27,110
Deferred tax liabilities:
Depreciation	643		493
Net deferred loan fees and costs	946		—
Net unrealized gains on cash flow hedges	259		—
Mortgage servicing rights	845		834
Purchase accounting adjustments	13,879		479
Right-of-use lease assets	3,157		2,433
Investment in partnerships	1,232		468
Other	87		386
Total deferred tax liabilities	21,048		5,093
Deferred tax asset, net	$	42,647	$	22,017