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INCOME TAXES (Table) | 12 Months Ended
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Dec. 31, 2017
INCOME TAXES [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The following table provides information on components of income tax expense for each of the three years ended December 31. ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿(Dollars in thousands) |  | 2017 |  | 2016 |  | 2015
﻿Current tax expense: |  |  |  |  |  |  |  |  |
﻿Federal |  | $ | 4,047 |  | $ | 525 |  | $ | 247
﻿State |  |  | - |  |  | 19 |  |  | 287
﻿ |  |  | 4,047 |  |  | 544 |  |  | 534
﻿Deferred income tax expense: |  |  |  |  |  |  |  |  |
﻿Federal |  |  | 2,903 |  |  | 4,486 |  |  | 3,369
﻿State |  |  | 1,573 |  |  | 1,231 |  |  | 505
﻿ |  |  | 4,476 |  |  | 5,717 |  |  | 3,874
﻿ |  |  |  |  |  |  |  |  |
﻿Total income tax expense |  | $ | 8,523 |  | $ | 6,261 |  | $ | 4,408
﻿
Schedule of Effective Income Tax Rate Reconciliation | The following table provides a reconciliation of tax computed at the statutory federal tax rate to the actual tax expense (benefit) for each of the three years ended December 31. ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿(Dollars in thousands) |  | 2017 |  | 2016 |  | 2015
﻿Tax at federal statutory rate |  | 35.0 | % |  | 35.0 | % |  | 34.0 | %
﻿Tax effect of: |  |  |  |  |  |  |  |  |
﻿Tax-exempt income |  | (1.0) |  |  | (0.8) |  |  | (0.4) |
﻿Other non-deductible expenses |  | 0.1 |  |  | 0.3 |  |  | 0.2 |
﻿State income taxes, net of federal benefit |  | 5.2 |  |  | 5.1 |  |  | 4.5 |
﻿Tax impact from enacted change in tax rate |  | 2.9 |  |  | - |  |  | - |
﻿Other |  | 0.9 |  |  | (0.2) |  |  | (0.1) |
﻿Actual income tax expense rate |  | 43.1 | % |  | 39.4 | % |  | 38.2 | %
﻿
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 December 31. The Company recorded a provisional adjustment to our U.S. deferred income taxes as of December 31, 2017 to reflect the reduction in the U.S. statutory tax rate from 35% to 21% resulting from the Tax Act. ﻿
﻿ |  |  |  |  |  |
﻿(Dollars in thousands) |  | 2017 |  | 2016
﻿Deferred tax assets: |  |  |  |  |  |
﻿Allowance for credit losses |  | $ | 2,625 |  | $ | 3,486
﻿Reserve for off-balance sheet commitments |  |  | 81 |  |  | 122
﻿Net operating loss carry forward |  |  | 741 |  |  | 2,232
﻿Write-downs of other real estate owned |  |  | 212 |  |  | 387
﻿Deferred income |  |  | 95 |  |  | 1,011
﻿Unrealized losses on available-for-sale securities |  |  | 460 |  |  | 630
﻿Unrealized losses on available-for-sale securities |  |  |  |  |  |
﻿ transferred to held to maturity |  |  | 20 |  |  | 42
﻿AMT Credits |  |  | - |  |  | 869
﻿Other |  |  | 635 |  |  | 1,192
﻿Total deferred tax assets |  |  | 4,869 |  |  | 9,971
﻿Deferred tax liabilities: |  |  |  |  |  |
﻿Depreciation |  |  | 408 |  |  | 239
﻿Amortization on loans FMV adjustment |  |  | 84 |  |  | 156
﻿Purchase accounting adjustments |  |  | 1,994 |  |  | 2,019
﻿Deferred capital gain on branch sale |  |  | 207 |  |  | 401
﻿Other |  |  | 241 |  |  | 116
﻿Total deferred tax liabilities |  |  | 2,934 |  |  | 2,931
﻿Net deferred tax assets |  | $ | 1,935 |  | $ | 7,040
﻿

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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=84230637&loc=d3e32639-109319 + Details
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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=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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