Other Assets (Tables)

9 Months Ended

Sep. 30, 2017

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

Schedule of Deferred Tax Assets and Liabilities

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