XML 58 R45.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Income Taxes [Abstract] |
Summary of components of income tax expense |
| For the years ended December 31, |
(dollars in thousands) |  | 2017 |  | 2016 |  | 2015 |
Current income taxes: |  |  |  |  |  |  |  |
Federal |  | $ | 7,139 |  | 6,429 |  | 6,184 |
State |  |  | 573 |  | 548 |  | 441 |
Total current tax expense |  |  | 7,712 |  | 6,977 |  | 6,625 |
Deferred income tax expense (benefit) |  |  | 2,904 |  | 356 |  | (1,256 | )
Income tax expense |  | $ | 10,616 |  | 7,333 |  | 5,369 |
Summary of taxes computed using the statutory tax rate |
| For the years ended December 31, |
(dollars in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Tax expense at statutory rate |  | $ | 8,281 |  |  | 7,129 |  |  | 5,438 |
Effect of state income taxes, net of federal benefit |  |  | 372 |  |  | 356 |  |  | 287 |
Exempt income |  |  | (146 | ) |  | (162 | ) |  | (151 | )
Effect of change in federal tax rate |  |  | 2,441 |  |  | - |  |  | - |
Other |  |  | (332 | ) |  | 10 |  |  | (205 | )
Income tax expense |  | $ | 10,616 |  |  | 7,333 |  |  | 5,369 |
Summary of components of the deferred tax assets and liabilities |
| December 31,
(dollars in thousands) |  | 2017 |  | 2016
Deferred tax assets: |  |  |  |  |
Allowance for loan losses |  | $ | 3,260 |  | 5,199
Unrealized loss on securities available for sale |  |  | 121 |  | 260
Net deferred loan fees |  |  | 480 |  | 691
Deferred compensation |  |  | 1,124 |  | 1,597
Sale of real estate owned |  |  | 104 |  | 262
Accrued expenses |  |  | 16 |  | 401
Other |  |  | 136 |  | 250
|  |  | 5,241 |  | 8,660
Deferred tax liabilities: |  |  |  |  |
Property and equipment |  |  | 1,208 |  | 1,467
Hedging transactions |  |  | 88 |  | -
Other |  |  | 163 |  | 368
|  |  | 1,459 |  | 1,835
Net deferred tax asset |  | $ | 3,782 |  | 6,825

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration