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Income Taxes
 12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
 
The provision (benefit) for income taxes consists of the following:
 
 
December 31,
 
 
2015
 
2014
 
2013
Current
 
$
4,293

 
$
3,655

 
$
(693
)
Deferred
 
443

 
(1,529
)
 
2,259

Total
 
$
4,736

 
$
2,126

 
$
1,566


 
Income tax provision (benefit) is reconciled to the 34% statutory rate applied to pre-tax income as follows: 
 
 
December 31,
 
 
2015
 
2014
 
2013
Statutory rate times pre-tax income
 
$
4,646

 
$
2,193

 
$
2,094

Add (subtract) the tax effect of:
 
 
 
 
 
 

Income from tax-exempt securities
 
(132
)
 
(31
)
 
(514
)
State income tax, net of federal tax effect
 
154

 
63

 
33

Bank-owned life insurance
 
(137
)
 
(132
)
 
(135
)
Other differences
 
205

 
33

 
88

Total income taxes
 
$
4,736

 
$
2,126

 
$
1,566


 
The net deferred tax asset at December 31 consists of the following: 
 
 
December 31,
 
 
2015
 
2014
 
2013
Deferred tax assets (liabilities)
 
 

 
 

 
 

Allowance for loan losses
 
$
2,980

 
$
2,073

 
$
1,930

Unrealized loss on available for sale securities
 
670

 
75

 
1,310

Fair value adjustments
 
(925
)
 
(117
)
 
(1,840
)
Depreciation
 
(573
)
 
(590
)
 
(270
)
Deferred compensation
 
262

 
262

 
510

Loan origination costs
 
(704
)
 
(288
)
 
(209
)
Prepaid assets
 
(247
)
 
(207
)
 
(205
)
Accrued payroll
 
697

 
458

 
155

Other
 
204

 
546

 
536

Total deferred tax assets, net
 
$
2,364

 
$
2,212

 
$
1,917