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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Income Tax Expense

Information as of December 31 and for the year follows:

(Dollars in thousands)
		2018				2017				2016
Provision for Income Taxes
Current federal income tax expense		$	946			$	2,325			$	2,244
Deferred federal income tax expense/(benefit)			209				62				(82	)
Income tax expense		$	1,155			$	2,387			$	2,162
Reconciliation of Income Tax Provision to Statutory Rate
Income tax computed at statutory federal rate of 21% in 2018 and 34% in 2017 and 2016		$	1,783			$	2,909			$	2,806
Tax exempt interest income			(309	)			(486	)			(496	)
Tax exempt earnings on bank-owned life insurance			(81	)			(135	)			(121	)
Low income housing tax credits			(154	)			(85	)			(45	)
Deferred tax adjustment related to reduction in U.S. federal statutory income income tax rate			—				206				—
Other items			(84	)			(22	)			18
Income tax expense		$	1,155			$	2,387			$	2,162
Effective income tax rate			14	%			28	%			26	%

Schedule of deferred tax assets and liabilities

(Dollars in thousands)
Components of Deferred Tax Assets and Liabilities		2018				2017
Deferred tax assets:
Allowance for loan losses		$	981			$	961
Unrealized losses on securities available for sale			233				—
Deferred compensation			102				125
Stock compensation			22				55
Loan costs/fees deferred			66				45
Other			72				123
Total deferred tax assets			1,476				1,309
Deferred tax liabilities:
Depreciation			797				644
Loan servicing rights			220				191
Unrealized gains on securities available for sale			—				35
Other			88				106
Total deferred tax liabilities			1,105				976
Net deferred tax asset		$	371			$	333

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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