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Income Taxes | 12 Months Ended
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Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Income Taxes | Note 11 – Income Taxes Information as of December 31 and for the year follows:
(Dollars in thousands) |  |  |  |  |  |  |  |  |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Provision for Income Taxes |  |  |  |  |  |  |  |  |  |  |  |
Current federal income tax expense |  | $ | 2,244 |  |  | $ | 2,576 |  |  | $ | 2,536 |
Deferred federal income tax expense/(benefit) |  |  | (82 | ) |  |  | (631 | ) |  |  | (460 | )
Income tax expense |  | $ | 2,162 |  |  | $ | 1,945 |  |  | $ | 2,076 |
Reconciliation of Income Tax Provision to Statutory Rate |  |  |  |  |  |  |  |  |  |  |  |
Income tax computed at statutory federal rate of 34% |  | $ | 2,806 |  |  | $ | 2,614 |  |  | $ | 2,642 |
Tax exempt interest income |  |  | (496 | ) |  |  | (488 | ) |  |  | (475 | )
Tax exempt earnings on bank-owned life insurance |  |  | (121 | ) |  |  | (221 | ) |  |  | (103 | )
Other items |  |  | (27 | ) |  |  | 40 |  |  |  | 12 |
Income tax expense |  | $ | 2,162 |  |  | $ | 1,945 |  |  | $ | 2,076 |
Effective income tax rate |  |  | 26 | % |  |  | 25 | % |  |  | 27 | %
(Dollars in thousands) |  |  |  |  |  |
Components of Deferred Tax Assets and Liabilities |  | 2016 |  |  | 2015 |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for loan losses |  | $ | 1,454 |  |  | $ | 1,426 |
Unrealized losses on securities available for sale |  |  | 361 |  |  |  | — |
Deferred compensation |  |  | 232 |  |  |  | 269 |
Loan costs/fees deferred |  |  | 84 |  |  |  | 86 |
Other |  |  | 339 |  |  |  | 181 |
Total deferred tax assets |  |  | 2,470 |  |  |  | 1,962 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation |  |  | 1,181 |  |  |  | 1,182 |
Loan servicing rights |  |  | 238 |  |  |  | 129 |
Post-retirement benefits obligation |  |  | 53 |  |  |  | 65 |
Unrealized gains on securities available for sale |  |  | — |  |  |  | 555 |
Purchase accounting adjustments from merger |  |  | — |  |  |  | 117 |
Other |  |  | 190 |  |  |  | 117 |
Total deferred tax liabilities |  |  | 1,662 |  |  |  | 2,165 |
Net deferred tax asset/(liability) |  | $ | 808 |  |  | $ | (203 | )

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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 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 2: 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=65882285&loc=d3e32559-109319 Reference 3: 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=65882285&loc=d3e32718-109319 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=65882285&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=65882285&loc=d3e32537-109319 + Details
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