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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Net deferred tax assets

		(in thousands)
		2012				2011
Deferred Tax Assets
Allowance for loan losses		$	4,446			$	4,399
Allowance for other real estate owned			760				949
Interest on non-accrual loans			266				218
Unfunded pension liability			894				740
Split dollar liability			391				398
Gain on other real estate owned			990				1,085
Other			122				236
		$	7,869			$	8,025
Deferred Tax Liabilities
Depreciation		$	674			$	728
Securities available for sale			601				1,057
Discount accretion			3				10
Loan origination costs, net			30				105
		$	1,308			$	1,900
Valuation allowance			6,561				6,125
Net deferred tax assets		$	—			$	—

Provision (benefit) for income taxes

		(in thousands)
		2012				2011				2010
Current tax expense (benefit)		$	965			$	(2,607	)		$	1,780
Deferred tax expense (benefit)			—				6,442				(3,986	)
		$	965			$	3,835			$	(2,206	)

Income tax provision (benefit) differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income

		(in thousands)
		2012				2011				2010
Computed tax expense (benefit) at statutory federal rate		$	1,280			$	(2,423	)		$	(1,975	)
Increase (decrease) in income taxes from deferred tax valuation allowance			(167	)			6,442				—
Decrease in income taxes resulting from:
Tax-exempt interest and dividend income			(125	)			(186	)			(197	)
Other			(23	)			2				(34	)
		$	965			$	3,835			$	(2,206	)

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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=6907707&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=6907707&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=6907707&loc=d3e32687-109319

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