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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes [Abstract]

Schedule of Components of the Provision for Federal Income Taxes



	Years Ended December 31,
	2017			2016			2015
	(In Thousands)
Current	$	3,822		$	1,138		$	2,019
Change in corporate tax rate		3,060			-			-
Deferred		(331)			746			(387)
	$	6,551		$	1,884		$	1,632



Schedule of Effective Income Tax Rate Reconciliation



	Percentage of Income
	before Income Taxes
	Years Ended December 31,
	2017			2016			2015
Tax at statutory rates	35.0	%		35.0	%		34.0	%
Tax exempt interest income, net of interest expense disallowance	(9.6)			(13.1)			(11.3)
Nondeductible merger expenses	-			2.7			-
Incentive stock options	0.2			0.3			0.3
Earnings and proceeds on life insurance	(2.7)			(2.8)			(1.8)
Change in corporate tax rate	20.8			-			-
Other	0.7			(0.2)			0.4

	44.4	%		21.9	%		21.6	%



Schedule of Deferred Tax Assets and Liabilties



	2017			2016
	(In Thousands)
Deferred tax assets:
Allowance for loan losses	$	1,603		$	2,197
Deferred compensation		775			1,430
Core deposit intangible		232			485
Prepaid expenses		125			267
Pension liability		384			655
Foreclosed real estate valuation allowance		7			19
AMT tax credit carryforward		260			260
Net operating loss carryforward		1,249			2,147
Net unrealized loss on securities		808			2,286
Other		92			310
Total Deferred Tax Assets		5,535			10,056



Deferred tax liabilities:
Premises and equipment		210			347
Deferred loan fees		142			192
Net unrealized gain on pension liability		99			171
Purchase price adjustment		303			357

Total Deferred Tax Liabilities		754			1,067

Net Deferred Tax Asset	$	4,781		$	8,989



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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://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=65882285&loc=d3e32639-109319

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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=65882285&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://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=65882285&loc=d3e32687-109319

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