XML 66 R46.htm IDEA: XBRL DOCUMENT v3.7.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Provision for Income Taxes (Credit)

The provision for income taxes (credit) consists of the following:

			2016				2015				2014
Current expense		$	8,642			$	3,046			$	2,369
Deferred expense (benefit)			(1,157	)			(547	)			263
TOTALS		$	7,485			$	2,499			$	2,632

Effective Tax Rates Differ from Federal Statutory Rate

Effective tax rates differ from federal statutory rate of 35% applied to income before income taxes due to the following:

		2016				2015				2014
Statutory tax		$	9,815			$	3,694			$	4,059
Effect of nontaxable interest			(1,684	)			(1,403	)			(1,179	)
Bank owned life insurance, net			(283	)			(242	)			(159	)
Tax credits			(367	)			(236	)			(149	)
Effect of nontaxable insurance premiums			(143	)			0				0
Nondeductible acquisition costs			40				401				0
Other			107				285				60
ACTUAL TAX		$	7,485			$	2,499			$	2,632

Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) are comprised of the following:

			2016				2015
Deferred tax assets:
Allowance for credit losses		$	3,621			$	2,968
Net unrealized loss on securities available for sale			1,522				326
Deferred and accrued compensation			1,922				1,562
Deferred loan fees and costs			729				605
Post-retirement benefits			25				172
Nonaccrual loan interest income			306				324
Other-than-temporary impairment			196				196
Restricted stock			509				0
AMT credit carryforward			205				0
Other			106				142
Gross deferred tax assets		$	9,141			$	6,295
Deferred tax liabilities:
Depreciation and amortization		$	(740	)		$	(649	)
Federal Home Loan Bank dividends			(1,093	)			(1,093	)
Purchase accounting adjustments			(1,559	)			(984	)
Mortgage servicing rights			(299	)			(158	)
Prepaid expenses			(271	)			(49	)
Other			(15	)			(11	)
Gross deferred tax liabilities			(3,977	)			(2,944	)
NET DEFERRED TAX ASSET		$	5,164			$	3,351

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://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

+ 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://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

+ Details

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

X

- 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=65882285&loc=d3e32687-109319

+ Details

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