XML 64 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Taxes [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

2015

 

2014

 

2013

 

(In Thousands)

Current

$

2,019 

 

$

2,657 

 

$

2,566 

 

 

 

 

 

 

 

 

 

Deferred

 

(387)

 

 

(51)

 

 

140 

 

$

1,632 

 

$

2,606 

 

$

2,706 

 

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage of Income

 

 

before Income Taxes

 

 

Years Ended December 31,

 

 

2015

 

2014

 

2013

Tax at statutory rates

34.0 

%

 

34.0 

%

 

34.0 

%

Tax exempt interest income, net of interest expense disallowance

(11.3)

 

 

(7.7)

 

 

(6.7)

 

Incentive stock options

0.3 

 

 

0.4 

 

 

0.4 

 

Earnings and proceeds on life insurance

(1.8)

 

 

(1.5)

 

 

(3.7)

 

Other

0.4 

 

 

0.2 

 

 

0.2 

 

 

 

 

 

 

 

 

 

 

 

21.6 

%

 

25.4 

%

 

24.2 

%

 

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

(In Thousands)

Deferred tax assets:

 

 

 

 

 

Allowance for loan losses

$

2,481 

 

$

1,997 

Deferred compensation

 

485 

 

 

491 

Purchase price adjustment

 

884 

 

 

999 

Other

 

182 

 

 

201 

Foreclosed real estate valuation allowance

 

305 

 

 

280 

Total Deferred Tax Assets

 

4,337 

 

 

3,968 

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

 

Premises and equipment

 

245 

 

 

265 

Deferred loan fees

 

172 

 

 

170 

Net unrealized gains on securities

 

251 

 

 

248 

 

 

 

 

 

 

Total Deferred Tax Liabilities

 

668 

 

 

683 

 

 

 

 

 

 

Net Deferred Tax Asset

$

3,669 

 

$

3,285