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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of provision for income taxes |
(Dollars in Thousands) |  | 2017 |  | 2016 |  | 2015
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 5,792 |  | $ | 2,295 |  | $ | 497
State |  |  | 140 |  |  | 115 |  |  | 115
|  |  | 5,932 |  |  | 2,410 |  |  | 612
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | 1,232 |  |  | 2,742 |  |  | 3,258
State |  |  | 974 |  |  | 712 |  |  | 475
Expense Due to Enactment of Federal Tax Reform |  |  | 4,066 |  |  | - |  |  | -
Change in Valuation Allowance |  |  | (1) |  |  | 3 |  |  | 114
|  |  | 6,271 |  |  | 3,457 |  |  | 3,847
Total: |  |  |  |  |  |  |  |  |
Federal |  |  | 7,024 |  |  | 5,037 |  |  | 3,755
State |  |  | 1,114 |  |  | 827 |  |  | 590
Expense Due to Enactment of Federal Tax Reform |  |  | 4,066 |  |  | - |  |  | -
Change in Valuation Allowance |  |  | (1) |  |  | 3 |  |  | 114
Total |  | $ | 12,203 |  | $ | 5,867 |  | $ | 4,459
Schedule of effective income tax rate reconciliation |
(Dollars in Thousands) |  | 2017 |  | 2016 |  | 2015
Tax Expense at Federal Statutory Rate |  | $ | 8,074 |  | $ | 6,165 |  | $ | 4,751
Increases (Decreases) Resulting From: |  |  |  |  |  |  |  |  |
Tax-Exempt Interest Income |  |  | (805) |  |  | (662) |  |  | (395)
State Taxes, Net of Federal Benefit |  |  | 724 |  |  | 538 |  |  | 390
Other |  |  | 439 |  |  | 121 |  |  | 562
Change in Valuation Allowance |  |  | (1) |  |  | 3 |  |  | 114
Tax-Exempt Cash Surrender Value Life Insurance Benefit |  |  | (294) |  |  | (298) |  |  | (303)
Excess Death Benefit Payment |  |  | - |  |  | - |  |  | (660)
Expense Due to Enactment of Federal Tax Reform |  |  | 4,066 |  |  | - |  |  | -
Actual Tax Expense |  | $ | 12,203 |  | $ | 5,867 |  | $ | 4,459
Schedule of deferred income tax liabilities and assets |
(Dollars in Thousands) |  | 2017 |  | 2016
Deferred Tax Assets Attributable to: |  |  |  |  |  |
Allowance for Loan Losses |  | $ | 3,373 |  | $ | 5,182
Accrued Pension/SERP |  |  | 10,289 |  |  | 16,107
State Net Operating Loss and Tax Credit Carry-Forwards |  |  | 5,074 |  |  | 4,804
Other Real Estate Owned |  |  | 1,520 |  |  | 3,550
Federal Net Operating Loss and Tax Credit Carry-Forwards |  |  | 50 |  |  | 401
Accrued SERP Liability |  |  | 1,398 |  |  | 1,824
Other |  |  | 1,787 |  |  | 2,414
Total Deferred Tax Assets |  | $ | 23,491 |  | $ | 34,282
Deferred Tax Liabilities Attributable to: |  |  |  |  |  |
Depreciation on Premises and Equipment |  | $ | 3,272 |  | $ | 5,480
Deferred Loan Fees and Costs |  |  | 2,266 |  |  | 3,342
Intangible Assets |  |  | 3,035 |  |  | 4,319
Investments |  |  | 469 |  |  | 714
Other |  |  | 5 |  |  | 10
Total Deferred Tax Liabilities |  |  | 9,047 |  |  | 13,865
Valuation Allowance |  |  | 1,755 |  |  | 1,445
Net Deferred Tax Asset |  | $ | 12,689 |  | $ | 18,972

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