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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Schedule of components of provision for 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 |
Schedule of reconciliation of income tax expense | Information as of December 31 and for the year follows:
(Dollars in thousands) |  |  |  |  |  |  |  |  |
|  | 2016 |  |  | 2015 |  |  | 2014 |
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 | %
Schedule of deferred tax assets and liabilities |
(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 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
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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=65882285&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=65882285&loc=d3e32687-109319 + Details
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