XML 56 R37.htm IDEA: XBRL DOCUMENT
v3.6.0.2

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Schedule of provision for income taxes |
(Dollars in Thousands) |  | 2016 |  | 2015 |  | 2014
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 2,295 |  | $ | 497 |  | $ | (51)
State |  |  | 115 |  |  | 115 |  |  | (2,916)
|  |  | 2,410 |  |  | 612 |  |  | (2,967)
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | 2,742 |  |  | 3,258 |  |  | 4,270
State |  |  | 712 |  |  | 475 |  |  | 249
Change in Valuation Allowance |  |  | 3 |  |  | 114 |  |  | 102
|  |  | 3,457 |  |  | 3,847 |  |  | 4,621
Total: |  |  |  |  |  |  |  |  |
Federal |  |  | 5,037 |  |  | 3,755 |  |  | 4,219
State |  |  | 827 |  |  | 590 |  |  | (2,667)
Change in Valuation Allowance |  |  | 3 |  |  | 114 |  |  | 102
Total |  | $ | 5,867 |  | $ | 4,459 |  | $ | 1,654
Schedule of effective income tax rate reconciliation |
(Dollars in Thousands) |  | 2016 |  | 2015 |  | 2014
Tax Expense at Federal Statutory Rate |  | $ | 6,165 |  | $ | 4,751 |  | $ | 3,820
Increases (Decreases) Resulting From: |  |  |  |  |  |  |  |  |
Tax-Exempt Interest Income |  |  | (662) |  |  | (395) |  |  | (327)
Change in Reserve for Uncertain Tax Positions |  |  | - |  |  | - |  |  | (2,902)
State Taxes, Net of Federal Benefit |  |  | 538 |  |  | 390 |  |  | 892
Other |  |  | 121 |  |  | 562 |  |  | 243
Change in Valuation Allowance |  |  | 3 |  |  | 114 |  |  | 102
Tax-Exempt Cash Surrender Value Life Insurance Benefit |  |  | (298) |  |  | (303) |  |  | (174)
Excess Death Benefit Payment |  |  | - |  |  | (660) |  |  | -
Actual Tax Expense |  | $ | 5,867 |  | $ | 4,459 |  | $ | 1,654
Schedule of deferred income tax liabilities and assets |
(Dollars in Thousands) |  | 2016 |  | 2015
Deferred Tax Assets Attributable to: |  |  |  |  |  |
Allowance for Loan Losses |  | $ | 5,182 |  | $ | 5,383
Accrued Pension/SERP |  |  | 16,107 |  |  | 13,901
State Net Operating Loss and Tax Credit Carry-Forwards |  |  | 4,804 |  |  | 5,061
Other Real Estate Owned |  |  | 3,550 |  |  | 5,012
Federal Net Operating Loss and Tax Credit Carry-Forwards |  |  | 401 |  |  | 1,241
Other |  |  | 4,238 |  |  | 4,351
Total Deferred Tax Assets |  | $ | 34,282 |  | $ | 34,949
Deferred Tax Liabilities Attributable to: |  |  |  |  |  |
Depreciation on Premises and Equipment |  | $ | 5,480 |  | $ | 5,982
Deferred Loan Fees and Costs |  |  | 3,342 |  |  | 2,883
Intangible Assets |  |  | 4,319 |  |  | 4,019
Other |  |  | 724 |  |  | 687
Total Deferred Tax Liabilities |  |  | 13,865 |  |  | 13,571
Valuation Allowance |  |  | 1,445 |  |  | 1,442
Net Deferred Tax Asset |  | $ | 18,972 |  | $ | 19,936
Schedule of beginning and ending unrecognized tax benefit |
(Dollars in Thousands) |  | 2016 |  | 2015 |  | 2014
Balance at January 1, |  | $ | - |  | $ | - |  | $ | 3,228
Decrease Due to Settlements With Taxing Authorities |  |  | - |  |  | - |  |  | (3,228)
Balance at December 31 |  | $ | - |  | $ | - |  | $ | -

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration