Income Taxes (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Taxes [Abstract] | |
| Provision for Income Taxes | Six Months Ended June 30, 2026 2025 Pre-tax income: Domestic $ 24,400 $ 20,837 Total pre-tax income $ 24,400 $ 20,837 Current tax expense: Federal $ 4,745 $ - State 58 - Total 4,803 - Deferred tax expense: Federal 140 3,948 State 1,028 1,091 Deferred income tax expense 1,168 5,039 Total $ 5,971 $ 5,039 |
| Statutory Tax Expense | Six Months Ended June 30, 2026 2025 Amount % Pre-tax Income Amount % Pre-tax Income Computed tax at the statutory federal income tax rate $ 5,124 21.00% $ 4,376 21.00% Increase (decrease) resulting from: State income taxes, net of federal tax benefit (1) 1,122 4.60% 905 4.34% Bank owned life insurance income (257) (1.05%) (242) (1.16%) Benefit from stock-based compensation (377) (1.55%) - - Section 162(m) limitation 322 1.32% - - Other adjustments, net 37 0.15% - - Total $ 5,971 24.47% $ 5,039 24.18% (1) Taxes 50 %) of the tax effect in this category. |
| Schedule of Deferred Tax Assets and Liabilities | June 30, 2026 December 31, 2025 Deferred tax assets: Net operating loss $ 191 $ 1,039 Allowance for credit losses 6,831 6,463 Lease liability 3,230 1,399 Unrealized losses on available for sale securities 10,826 10,270 Equity compensation 948 973 Accruals 324 721 Other, net 163 268 Deferred tax assets: 22,513 21,133 Deferred tax liabilities: Deferred loan cost (1,456) (1,520) Lease right of use asset (3,230) (1,399) Deferred expenses (256) (154) Cash flow hedge (24) (5) Depreciable property (35) (9) Deferred tax liabilities (5,001) (3,087) Net deferred tax assets $ 17,512 $ 18,046 |