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Income taxes | 12 Months Ended
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Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Income taxes | 16. Income taxes: The current and deferred amounts of the provision for income taxes expense (benefit) for each of the years ended December 31, 2013, 2012 and 2011 are summarized as follows:
Year Ended December 31 |  | 2013 |  |  | 2012 |  |  | 2011 |
Current |  | $ | 1,628 |  |  | $ | 2,705 |  |  | $ | 2,817 |
Deferred |  |  | (1,143 | ) |  |  | 353 |  |  |  | 217 |
|  | $ | 485 |  |  | $ | 3,058 |  |  | $ | 3,034 |
The components of the net deferred tax asset at December 31, 2013 and 2012 are summarized as follows:
December 31 |  | 2013 |  |  | 2012 |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for loan losses |  | $ | 2,940 |  |  | $ | 2,363 |
Defined benefit plan |  |  | 1,359 |  |  |  | 1,438 |
Deferred compensation |  |  | 10 |  |  |  | 1,046 |
Other-than-temporary impairment on securities |  |  | 131 |  |  |  | 131 |
Merger related accounting |  |  | 1,505 |  |  |  | 61 |
Capital loss carry forward |  |  | 244 |  |  |  |  |
Other |  |  | 170 |  |  |  |  |
Total |  |  | 6,359 |  |  |  | 5,039 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Premises and equipment, net |  |  | 976 |  |  |  | 479 |
Investment securities available-for-sale |  |  | 2,220 |  |  |  | 2,331 |
Other |  |  | 83 |  |  |  | 59 |
Total |  |  | 3,279 |  |  |  | 2,869 |
Net deferred tax asset |  | $ | 3,080 |  |  | $ | 2,170 |
Management believes that future taxable income will be sufficient to utilize deferred tax assets. Core earnings of the Company have remained strong and will continue to support the recognition of the deferred tax asset based on future growth projections. A reconciliation between the amount of the effective income tax expense and the income tax expense that would have been provided at the federal statutory rate of 34.0 percent for each of the years ended December 31, 2013, 2012 and 2011 is summarized as follows:
Year Ended December 31 |  | 2013 |  |  | 2012 |  |  | 2011 |
Federal income tax at statutory rate |  | $ | 2,110 |  |  | $ | 4,640 |  |  | $ | 4,612 |
Tax exempt interest, net |  |  | (1,428 | ) |  |  | (1,432 | ) |  |  | (1,458 | )
Bank owned life insurance income |  |  | (329 | ) |  |  | (171 | ) |  |  | (167 | )
Disallowed merger costs |  |  | 266 |  |  |  |  |  |  |  |  |
Other, net |  |  | (134 | ) |  |  | 21 |  |  |  | 47 |
Total |  | $ | 485 |  |  | $ | 3,058 |  |  | $ | 3,034 |

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: 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=6907707&loc=d3e32639-109319 Reference 5: 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=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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