v3.19.1
Income Taxes - Components of Net Deferred Tax Asset (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Deferred tax assets    
Allowance for loan and credit losses $ 3,384,000 $ 3,003,000
Reserve for recourse on mortgage loans sold 138,000 125,000
Nonaccrual interest 63,000 268,000
Foreclosed real estate write-downs 3,000 8,000
Stock-based compensation 239,000 188,000
Long-term incentive program (LTIP) 189,000 77,000
Core deposit intangible 24,000 26,000
Unrealized loss on investment securities available for sale 227,000 97,000
Net operating loss carryforward 244,000 212,000
Deferred tax assets, gross 4,511,000 4,004,000
Deferred tax liabilities    
Unrealized gain on cash flow hedging derivative 2,000 2,000
Unrealized gain on loans held for sale 51,000 9,000
Accumulated depreciation 516,000 399,000
Deferred casualty gain 1,000 1,000
Other 43,000 0
Deferred tax liabilities, gross 613,000 411,000
Net deferred tax asset before valuation allowance 3,898,000 3,593,000
Less: Valuation allowance 244,376 212,367
Net deferred tax asset $ 3,654,000 $ 3,381,000