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INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Components of Income Tax Expense

The components of income tax expense for the three and nine months ended September 30, 2016 and 2015 are summarized as follows:

	Three months ended September 30,								Nine months ended September 30,
(Dollars in thousands)	2016				2015				2016				2015
Current year provision (benefit):
Federal	$	1,066			$	(104	)		$	1,192			$	(63	)
State	8				(1		)		5				7
	1,074				(105		)		1,197				(56		)
Deferred tax expense (benefit):
Federal	(948		)		561				(216		)		1,538
State	(1		)		6				10				16
	(949		)		567				(206		)		1,554
Net income tax expense	$	125			$	462			$	991			$	1,498

Components of Net Deferred Tax Asset

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

(Dollars in thousands)	September 30, 2016				December 31, 2015
Deferred tax assets:
Allowance for loan losses	$	5,059			$	5,111
Deferred compensation	532				547
Retirement plans and salary continuation	1,904				1,824
Share-based compensation	521				343
Off balance sheet reserves	301				218
Nonaccrual loan interest	415				246
Goodwill	99				124
Bonus accrual	127				359
Low income housing credit carryforward	1,900				1,652
Alternative minimum tax credit carryforward	3,648				2,195
Charitable contribution carryforward	50				211
Net operating loss carryforward	2,591				4,431
Other	420				182
Total deferred tax assets	17,567				17,443
Deferred tax liabilities:
Depreciation	719				815
Net unrealized gains on securities available for sale	2,646				646
Mortgage servicing rights	704				669
Purchase accounting adjustments	320				352
Other	192				181
Total deferred tax liabilities	4,581				2,663
Net deferred tax asset	$	12,986			$	14,780

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- References

No definition available.

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- 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

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- 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

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