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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of provision for income taxes |
(Dollars in Thousands) |  | 2018 |  | 2017 |  | 2016
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | (1,617) |  | $ | 5,792 |  | $ | 2,295
State |  |  | 201 |  |  | 140 |  |  | 115
|  |  | (1,416) |  |  | 5,932 |  |  | 2,410
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | 3,620 |  |  | 1,232 |  |  | 2,742
State |  |  | 1,285 |  |  | 974 |  |  | 712
Expense Due to Enactment of Federal Tax Reform |  |  | - |  |  | 4,066 |  |  | -
Change in Valuation Allowance |  |  | (68) |  |  | (1) |  |  | 3
|  |  | 4,837 |  |  | 6,271 |  |  | 3,457
Total: |  |  |  |  |  |  |  |  |
Federal |  |  | 2,003 |  |  | 7,024 |  |  | 5,037
State |  |  | 1,486 |  |  | 1,114 |  |  | 827
Expense Due to Enactment of Federal Tax Reform |  |  | - |  |  | 4,066 |  |  | -
Change in Valuation Allowance |  |  | (68) |  |  | (1) |  |  | 3
Total |  | $ | 3,421 |  | $ | 12,203 |  | $ | 5,867
Schedule of effective income tax rate reconciliation |
(Dollars in Thousands) |  | 2018 |  | 2017 |  | 2016
Tax Expense at Federal Statutory Rate |  | $ | 6,225 |  | $ | 8,074 |  | $ | 6,165
Increases (Decreases) Resulting From: |  |  |  |  |  |  |  |  |
Tax-Exempt Interest Income |  |  | (494) |  |  | (805) |  |  | (662)
2017 Provision to Return - Impact of Federal Tax Reform |  |  | (3,590) |  |  | - |  |  | -
State Taxes, Net of Federal Benefit |  |  | 1,174 |  |  | 724 |  |  | 538
Other |  |  | 348 |  |  | 439 |  |  | 121
Change in Valuation Allowance |  |  | (68) |  |  | (1) |  |  | 3
Tax-Exempt Cash Surrender Value Life Insurance Benefit |  |  | (174) |  |  | (294) |  |  | (298)
Expense Due to Enactment of Federal Tax Reform |  |  | - |  |  | 4,066 |  |  | -
Actual Tax Expense |  | $ | 3,421 |  | $ | 12,203 |  | $ | 5,867
Schedule of deferred income tax liabilities and assets |
(Dollars in Thousands) |  | 2018 |  | 2017
Deferred Tax Assets Attributable to: |  |  |  |  |  |
Allowance for Loan Losses |  | $ | 3,602 |  | $ | 3,373
Accrued Pension/SERP |  |  | 9,102 |  |  | 10,289
State Net Operating Loss and Tax Credit Carry-Forwards |  |  | 4,532 |  |  | 5,074
Other Real Estate Owned |  |  | 1,270 |  |  | 1,520
Federal Net Operating Loss and Tax Credit Carry-Forwards |  |  | - |  |  | 50
Accrued SERP Liability |  |  | 1,869 |  |  | 1,398
Other |  |  | 3,101 |  |  | 2,694
Total Deferred Tax Assets |  | $ | 23,476 |  | $ | 24,398
Deferred Tax Liabilities Attributable to: |  |  |  |  |  |
Depreciation on Premises and Equipment |  | $ | 3,970 |  | $ | 3,272
Deferred Loan Fees and Costs |  |  | 2,356 |  |  | 2,266
Intangible Assets |  |  | 3,232 |  |  | 3,035
Accrued Pension Liability |  |  | 5,001 |  |  | 907
Investments |  |  | 469 |  |  | 469
Other |  |  | 4 |  |  | 5
Total Deferred Tax Liabilities |  |  | 15,032 |  |  | 9,954
Valuation Allowance |  |  | 1,688 |  |  | 1,755
Net Deferred Tax Asset |  | $ | 6,756 |  | $ | 12,689

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