XML 59 R29.htm IDEA: XBRL DOCUMENT v3.20.2

INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense

The following table summarizes income tax expense for the three and nine months ended September 30, 2020 and 2019:

			Three months ended September 30,												Nine months ended September 30,
			2020						2019						2020						2019
Current expense			$	2,040					$	244					$	2,495					$	334
Deferred expense			(803)						1,096						1,082						1,348
Income tax expense			$	1,237					$	1,340					$	3,577					$	1,682

Summary of Deferred Tax Assets and Liabilities

The following table summarizes deferred tax assets and liabilities at September 30, 2020 and December 31, 2019:

(Dollars in thousands)			September 30, 2020						December 31, 2019
Deferred tax assets:
Allowance for loan losses			$	4,549					$	3,418
Deferred compensation			507						415
Retirement and salary continuation plans			2,467						2,357
Share-based compensation			630						631
Off-balance sheet reserves			270						234
Nonaccrual loan interest			760						697
Net unrealized losses on AFS securities			40						127
Purchase accounting adjustments			2,318						4,081
Bonus accrual			471						493
Interest Rate Swaps			449						—
Low-income housing credit carryforward			345						—
Net operating loss carryovers			1,645						1,872
Other			724						672
Total deferred tax assets			15,175						14,997
Deferred tax liabilities:
Depreciation			465						452
Mortgage servicing rights			593						694
Purchase accounting adjustments			1,280						1,599
Other			275						275
Total deferred tax liabilities			2,613						3,020
Net deferred tax asset, included in other assets			$	12,562					$	11,977

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

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