XML 32 R17.htm IDEA: XBRL DOCUMENT v3.3.1.900

Federal Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Federal Income Taxes

Note 10 – Federal Income Taxes

The components of income tax expense (benefit) for the years ended December 31 are as follows:

		(In Thousands)
		2015				2014				2013
Current:
Federal		$	3,941			$	3,837			$	3,562
Deferred:
Federal			(122	)			34				34
		$	3,819			$	3,871			$	3,596

The following is a reconciliation of the statutory federal income tax rate to the effective tax rate:

		(In Thousands)
		2015				2014				2013
Income tax at statutory rates		$	4,792			$	4,596			$	4,285
Decrease resulting from:
Tax exempt interest			(554	)			(634	)			(640	)
Change in prior estimates and other			(419	)			(91	)			(49	)
		$	3,819			$	3,871			$	3,596

Deferred tax assets and liabilities at December 31 are comprised of the following:

		(In Thousands)
		2015				2014
Deferred Tax Assets:
Allowance for loan losses		$	2,080			$	2,030
Other			528				416
Total deferred tax assets			2,608				2,446
Deferred Tax Liabilities:
Accreted discounts on bonds			100				83
FHLB stock dividends			745				746
Mortgage servicing rights			706				696
Other			1,389				1,160
Net unrealized gain on available-for-sale securities			109				229
Total deferred tax liabilities			3,049				2,914
Net Deferred Tax Liability		$	(441	)		$	(468	)

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

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=6907707&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=6907707&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=6907707&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=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration