XML 46 R44.htm IDEA: XBRL DOCUMENT
v3.20.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule Of Net Deferred Tax Assets | The net deferred tax asset at December 31, 2019 and 2018 consisted of the following components:
|  | December 31,
|  | 2019 |  | 2018
|  | (in thousands)
Deferred tax assets: |  |  |  |
Allowance for loan losses |  | $ | 1,044 |  |  | $ | 1,141 |
Deferred compensation |  | 91 |  |  | 92 |
Accrued postretirement benefits |  | 23 |  |  | 23 |
Home equity origination costs |  | 52 |  |  | 51 |
Nonaccrual interest |  | 51 |  |  | 41 |
Securities available for sale |  | — |  |  | 424 |
Credit carryforward |  | — |  |  | 216 |
Other |  | 37 |  |  | 54 |
|  | $ | 1,298 |  |  | $ | 2,042 |
Deferred tax liabilities: |  |  |  |
Property and equipment |  | $ | 705 |  |  | $ | 508 |
Securities available for sale |  | 383 |  |  | — |
|  | $ | 1,088 |  |  | $ | 508 |
Net deferred tax asset |  | $ | 210 |  |  | $ | 1,534 |
Schedule Of Components Of Income Tax Expense | Income tax expense for the years ended December 31, 2019, 2018 and 2017 consisted of the following components:
|  | December 31,
|  | 2019 |  | 2018 |  | 2017
|  | (in thousands)
Current tax expense |  | $ | 1,294 |  |  | $ | 1,713 |  |  | $ | 3,094 |
Deferred tax expense (benefit) |  | 516 |  |  | (399 | ) |  | 135 |
Deferred tax adjustment for enacted rate change |  | — |  |  | — |  |  | 397 |
|  | $ | 1,810 |  |  | $ | 1,314 |  |  | $ | 3,626 |
Schedule Of Income Tax Reconciliation | The following table reconciles income tax expense to the statutory federal corporate income tax amount, which was calculated by applying the federal corporate income tax rate to pre-tax income for the years ended December 31, 2019, 2018 and 2017.
|  | December 31,
|  | 2019 |  | 2018 |  | 2017
|  | (in thousands)
Statutory federal corporate tax amount |  | $ | 2,429 |  |  | $ | 2,166 |  |  | $ | 3,880 |
Tax-exempt interest (income) |  | (260 | ) |  | (301 | ) |  | (417 | )
Officer insurance loss (income) |  | 15 |  |  | 13 |  |  | (92 | )
Net tax credits |  | (379 | ) |  | (605 | ) |  | (165 | )
Corporate tax rate change |  | — |  |  | — |  |  | 397 |
Other, net |  | 5 |  |  | 41 |  |  | 23 |
|  | $ | 1,810 |  |  | $ | 1,314 |  |  | $ | 3,626 |

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://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
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://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
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://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
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration