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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense consists of the following:
|  | Year Ended December 31,
|  | 2018 |  | 2017 |  | 2016
|  | (In Thousands)
Current: |  |  |  |  |  |
Federal |  | $ | 729 |  |  | $ | 131 |  |  | $ | 2,839 |
State |  | 1,054 |  |  | 448 |  |  | 425 |
Current tax expense |  | 1,783 |  |  | 579 |  |  | 3,264 |
Deferred: |  |  |  |  |  |
Federal |  | (367 | ) |  | 1,657 |  |  | (1,000 | )
State |  | (65 | ) |  | 90 |  |  | (108 | )
Deferred tax (benefit) expense |  | (432 | ) |  | 1,747 |  |  | (1,108 | )
Total income tax expense |  | $ | 1,351 |  |  | $ | 2,326 |  |  | $ | 2,156 |
Schedule of Deferred Tax Assets and Liabilities | The significant components of the Corporation’s deferred tax assets and liabilities were as follows:
|  | December 31, 2018 |  | December 31, 2017
|  | (In Thousands)
Deferred tax assets: |  |  |  |
Allowance for loan and lease losses |  | $ | 5,424 |  |  | $ | 4,795 |
SBA recourse reserve |  | 785 |  |  | 729 |
Deferred compensation |  | 1,045 |  |  | 482 |
State net operating loss carryforwards |  | 571 |  |  | 615 |
Tax credit carryforwards |  | 1,373 |  |  | — |
Non-accrual loan interest |  | 1,472 |  |  | 942 |
Capital loss carryforwards |  | 22 |  |  | 21 |
Unrealized losses on securities |  | 579 |  |  | 423 |
Other |  | 68 |  |  | 450 |
Total deferred tax assets before valuation allowance |  | 11,339 |  |  | 8,457 |
Valuation allowance |  | — |  |  | — |
Total deferred tax assets |  | 11,339 |  |  | 8,457 |
Deferred tax liabilities: |  |  |  |
Leasing and fixed asset activities |  | 6,965 |  |  | 5,338 |
Loan servicing asset |  | 358 |  |  | 471 |
Other |  | 844 |  |  | 64 |
Total deferred tax liabilities |  | 8,167 |  |  | 5,873 |
Net deferred tax asset |  | $ | 3,172 |  |  | $ | 2,584 |
Schedule of Reconciliation of the Change in Net Deferred Tax Assets to Deferred Tax Expense | A reconciliation of the change in net deferred tax assets to deferred tax expense is as follows:
|  | December 31, 2018 |  | December 31, 2017 |  | December 31, 2016
|  | (In Thousands)
Change in net deferred tax assets |  | $ | 588 |  |  | $ | (1,468 | ) |  | $ | 1,419 |
Deferred taxes allocated to other comprehensive income |  | (156 | ) |  | (279 | ) |  | (311 | )
Deferred income tax benefit (expense) |  | $ | 432 |  |  | $ | (1,747 | ) |  | $ | 1,108 |
Schedule of Effective Income Tax Rate Reconciliation | The provision for income taxes differs from that computed at the federal statutory corporate tax rate as follows:
|  | Year Ended December 31,
|  | 2018 |  | 2017 |  | 2016
|  | (Dollars in Thousands)
Income before income tax expense |  | $ | 17,654 |  |  | $ | 14,231 |  |  | $ | 17,065 |
Tax expense at statutory federal rate of 21%, 35% and 35% applied to income before income tax expense, respectively |  | $ | 3,707 |  |  | $ | 4,981 |  |  | $ | 5,973 |
State income tax, net of federal effect |  | 803 |  |  | 511 |  |  | 206 |
Tax-exempt security and loan income, net of TEFRA adjustments |  | (847 | ) |  | (1,045 | ) |  | (1,114 | )
Bank-owned life insurance |  | (250 | ) |  | (438 | ) |  | (341 | )
Tax credits, net |  | (2,157 | ) |  | (2,390 | ) |  | (2,696 | )
Deferred tax revaluation adjustment |  | — |  |  | 629 |  |  | — |
Other |  | 95 |  |  | 78 |  |  | 128 |
Total income tax expense |  | $ | 1,351 |  |  | $ | 2,326 |  |  | $ | 2,156 |
Effective tax rate |  | 7.65 | % |  | 16.34 | % |  | 12.63 | %

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&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://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 + 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://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 + Details
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