Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

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)	2023					2022					2021
Income tax at federal statutory rate	$	(12,358	)	21.0	%	$	4,750		21.0	%	$	14,317		21.0	%
Increase (decrease) resulting from:
State income taxes, net of federal tax effect		72		(0.1	%)		388		1.7	%		1,499		2.2	%
Tax-exempt interest income		(50	)	0.1	%		(121	)	(0.5	%)		(105	)	(0.2	%)
Income from life insurance		(251	)	0.4	%		(283	)	(1.3	%)		(196	)	(0.3	%)
Impairment of goodwill		5,348		(9.1	%)		—		—			—		—
Merger-related expenses		—		—			—		—			250		0.4	%
Other permanent differences		168		(0.3	%)		554		2.4	%		(64	)	(0.1	%)
(Benefit) provision for income taxes	$	(7,071	)	12.0	%	$	5,288		23.3	%	$	15,701		23.0	%

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)	2023			2022			2021
Current tax provision (benefit)
Federal	$	165		$	4,762		$	12,832
State		(181	)		546			946
Total current tax (benefit) provision		(16	)		5,308			13,778
Deferred tax provision (benefit)
Federal		(7,048	)		185			971
State		(7	)		(205	)		952
Total deferred tax (benefit) provision		(7,055	)		(20	)		1,923
(Benefit) provision for income taxes	$	(7,071	)	$	5,288		$	15,701

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)	2023			2022
Deferred tax assets relating to:
Allowance for credit losses	$	7,857		$	6,869
Compensation differences		1,349			1,340
Reserve for unfunded loan commitments and sold loan buy backs		904			640
Acquisition accounting adjustments		862			1,522
Net operating loss		5,161			—
Pass-through entities		624			114
Unrealized losses on securities available for sale		12,822			13,149
Other		5,061			2,017
Total deferred tax assets		34,640			25,651
Deferred tax liabilities relating to:
Premises and equipment, net		(2,102	)		(2,191	)
Core deposit and customer-based intangible assets		(807	)		(1,179	)
Mortgage servicing rights		(5,935	)		(6,478	)
Unrealized gains on other investments		(2,224	)		(3,491	)
Other		(2,016	)		(85	)
Total deferred tax liabilities		(13,084	)		(13,424	)
Deferred tax asset, net	$	21,556		$	12,227