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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Expense
The composition of income tax expense for the years ended December 31, 2022, 2021, and 2020 was as follows:
(in thousands)202220212020
Current:
Federal$4,591 $5,351 $4,268 
State(134)630 — 
Total current4,457 5,981 4,268 
Deferred:
Federal(119)(284)(1,085)
State— — — 
Total deferred(119)(284)(1,085)
Total income tax expense$4,338 $5,697 $3,183 
Schedule of Applicable Income Tax Expense
Applicable income tax expense for financial reporting purposes differs from the amount computed by applying the statutory federal income tax rate for the reasons noted in the table for the years ended December 31, 2022, 2021, and 2020 are as follows:
202220212020
(in thousands)Amount%Amount%Amount%
Income before provision for income tax expense$25,089 $28,214 $17,476 
Tax at statutory federal income tax rate$5,269 21.00 %$5,925 21.00 %$3,670 21.00 %
Tax-exempt income, net(821)(3.27)(733)(2.60)(487)(2.79)
State income tax, net of federal tax benefit(106)(0.42)498 1.76 — — 
Other, net(4)(0.02)7 0.03 — — 
Provision for income tax expense$4,338 17.29 %$5,697 20.19 %$3,183 18.21 %
Schedule of Deferred Tax Assets and Deferred Tax Liabilities The components of deferred tax assets and deferred tax liabilities at December 31, 2022 and 2021 were as follows:
(in thousands)20222021
Deferred tax assets:
Allowance for loan losses$3,267 $2,961 
Securities9,714 — 
Pension— 262 
Other real estate owned559 611 
Deferred loan fees462 401 
Lease liability 322 386 
Intangible assets18 20 
Accrued / deferred compensation668 581 
Other420 392 
Total deferred tax assets$15,430 $5,614 
Deferred tax liabilities:
Premises and equipment$427 $428 
Mortgage servicing rights609 558 
Deferred loan costs422 327 
Pension378 — 
Right-of-use asset313 378 
Prepaid expenses456 409 
Securities— 117 
Other9 5 
Total deferred tax liabilities2,614 2,222 
Net deferred tax assets$12,816 $3,392