XML 48 R22.htm IDEA: XBRL DOCUMENT
v3.2.0.727

INCOME TAXES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Income Tax Disclosure [Abstract] |
Components of Income Tax Expense | The components of income tax expense for the three and six months ended June 30, 2015 and 2014 are summarized as follows:
| Three months ended June 30, |  | Six months ended June 30,
(Dollars in thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Current year provision: |  |  |  |  |  |  |
Federal | $ | 56 |  |  | $ | 0 |  |  | $ | 41 |  |  | $ | 0 |
State | 4 |  |  | 0 |  |  | 8 |  |  | 0 |
| 60 |  |  | 0 |  |  | 49 |  |  | 0 |
Deferred tax expense |  |  |  |  |  |  |
Federal | 257 |  |  | 575 |  |  | 977 |  |  | 828 |
State | 4 |  |  | 8 |  |  | 10 |  |  | 10 |
| 261 |  |  | 583 |  |  | 987 |  |  | 838 |
Change in valuation allowance on deferred taxes | 0 |  |  | (583 | ) |  | 0 |  |  | (838 | )
Net income tax expense | $ | 321 |  |  | $ | 0 |  |  | $ | 1,036 |  |  | $ | 0 |
Components of Net Deferred Tax Asset | The components of the net deferred tax asset, included in other assets, are as follows:
(Dollars in thousands) | June 30, 2015 |  | December 31, 2014
Deferred tax assets: |  |  |
Allowance for loan losses | $ | 5,104 |  |  | $ | 5,424 |
Deferred compensation | 529 |  |  | 528 |
Retirement plans and salary continuation | 1,752 |  |  | 1,695 |
Share-based compensation | 208 |  |  | 102 |
Off balance sheet reserves | 234 |  |  | 205 |
Nonaccrual loan interest | 280 |  |  | 210 |
Goodwill | 139 |  |  | 154 |
Bonus accrual | 199 |  |  | 396 |
Low income housing credit carryforward | 1,487 |  |  | 1,322 |
Alternative minimum tax credit carryforward | 1,371 |  |  | 1,291 |
Charitable contribution carryforward | 135 |  |  | 209 |
Net operating loss carryforward | 5,687 |  |  | 6,606 |
Other | 140 |  |  | 237 |
Total deferred tax assets | 17,265 |  |  | 18,379 |
Deferred tax liabilities: |  |  |
Depreciation | 835 |  |  | 955 |
Net unrealized gains on securities available for sale | 401 |  |  | 848 |
Mortgage servicing rights | 627 |  |  | 606 |
Purchase accounting adjustments | 386 |  |  | 421 |
Other | 181 |  |  | 174 |
Total deferred tax liabilities | 2,430 |  |  | 3,004 |
Net deferred tax asset | $ | 14,835 |  |  | $ | 15,375 |

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=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