XML 62 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Components of Federal Income Tax Expense

The components of income tax expense for the three months ended March 31, 2014 and 2013 are summarized as follows:

(Dollars in thousands)		March 31, 2014				March 31, 2013
Current year provision:
Federal		$	0			$	30
State			0				0
Deferred tax expense			255				69
Valuation allowance on deferred taxes			(255	)			(69	)
Net income tax expense		$	0			$	30

Components of Net Deferred Tax Asset

The components of the net deferred tax asset, included in other assets, are as follows:

(Dollars in thousands)		March 31, 2014				December 31, 2013
Deferred tax assets:
Allowance for loan losses		$	7,660			$	7,776
Deferred compensation			509				510
Retirement plans and salary continuation			1,612				1,585
Stock compensation			192				191
Off balance sheet commitment reserves			185				204
Nonaccrual loan interest			341				341
Net unrealized losses on securities available for sale			1,097				2,592
Goodwill			176				184
Low income housing credit carry forward			1,141				1,022
Alternative minimum tax credit carryforward			664				664
Charitable contribution carry forward			343				333
Net operating loss carry forward			7,827				8,169
Other			178				178
Total deferred tax assets			21,925				23,749
Valuation allowance			(18,709	)			(18,964	)
			3,216				4,785
Deferred tax liabilities:
Depreciation			1,059				1,116
Purchase accounting adjustments			475				495
Other			585				582
Total deferred tax liabilities			2,119				2,193
Net deferred tax asset		$	1,097			$	2,592

X

- 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=6907707&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=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration