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Other Assets | 9 Months Ended
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Sep. 30, 2017
Other Assets [Abstract] |
Other Assets | Note 7 – Other Assets The Company had the following other assets at September 30, 2017 and December 31, 2016. ﻿
﻿ |  |  |  |  |  |
﻿(Dollars in thousands) |  | September 30, 2017 |  | December 31, 2016
﻿Nonmarketable investment securities |  | $ | 3,069 |  | $ | 1,650
﻿Accrued interest receivable |  |  | 3,122 |  |  | 2,675
﻿Deferred income taxes, net |  |  | 2,628 |  |  | 7,040
﻿Prepaid expenses |  |  | 1,528 |  |  | 1,148
﻿Cash surrender value on life insurance |  |  | 671 |  |  | 2,589
﻿Other assets |  |  | 5,937 |  |  | 3,781
﻿Total |  | $ | 16,955 |  | $ | 18,883
﻿ The following table provides information on significant components of the Company’s deferred tax assets and liabilities as of September 30, 2017 and December 31, 2016. ﻿
﻿ |  |  |  |  |  |
﻿ |  | September 30, |  | December 31,
﻿(Dollars in thousands) |  | 2017 |  | 2016
﻿Deferred tax assets: |  |  |  |  |  |
﻿Allowance for credit losses |  | $ | 3,712 |  | $ | 3,486
﻿Reserve for off-balance sheet commitments |  |  | 121 |  |  | 122
﻿Net operating loss carry forward |  |  | 842 |  |  | 2,232
﻿Write-downs of other real estate owned |  |  | 310 |  |  | 387
﻿Deferred income |  |  | 127 |  |  | 1,011
﻿Unrealized losses on available-for-sale securities |  |  | 4 |  |  | 672
﻿Unrealized losses on available-for-sale securities transferred |  |  |  |  |  |
﻿ to held to maturity |  |  | 33 |  |  | -
﻿AMT Credits |  |  | - |  |  | 869
﻿Amortization on loans FMV adjustment |  |  | 194 |  |  | -
﻿Other |  |  | 982 |  |  | 1,192
﻿Total deferred tax assets |  |  | 6,325 |  |  | 9,971
﻿Deferred tax liabilities: |  |  |  |  |  |
﻿Depreciation |  |  | 159 |  |  | 239
﻿Amortization on loans FMV adjustment |  |  | - |  |  | 156
﻿Purchase accounting adjustments |  |  | 2,927 |  |  | 2,019
﻿Deferred capital gain on branch sale |  |  | 347 |  |  | 401
﻿Other |  |  | 264 |  |  | 116
﻿Total deferred tax liabilities |  |  | 3,697 |  |  | 2,931
﻿Net deferred tax assets |  | $ | 2,628 |  | $ | 7,040
The Company’s deferred tax assets consist of gross net operating loss carryovers for state tax purposes of $15.7 million that will be used to offset taxable income in future periods. The Company’s state net operating loss carryovers will begin to expire in the year ended December 31, 2026 with limited amounts available through December 31, 2034. ﻿ No valuation allowance on these deferred tax assets was recorded at September 30, 2017 and December 31, 2016 as management believes it is more likely than not that all deferred tax assets will be realized.

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