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8. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

(Dollars in thousands)
		2015				2014				2013
Current expense		$	2,427				1,759				1,345
Deferred income tax expense			673				178				534
Total income tax		$	3,100				1,937				1,879

Schedule of Effective Income Tax Rate Reconciliation

(Dollars in thousands)
		2015				2014				2013
Tax expense at statutory rate (34%)		$	4,329				3,851				2,914
State income tax, net of federal income tax effect			494				(283	)			428
Tax-exempt interest income			(1,682	)			(1,630	)			(1,481	)
Increase in cash surrender value of life insurance			(143	)			(143	)			(147	)
Nondeductible interest and other expense			103				119				141
Other			(1	)			23				24
Total		$	3,100				1,937				1,879

Schedule of Deferred Tax Assets and Liabilities

(Dollars in thousands)
		2015				2014
Deferred tax assets:
Allowance for loan losses		$	3,513				4,134
Accrued retirement expense			1,574				1,529
Other real estate			33				206
Federal credit carryforward			-				342
State credit carryforward			-				327
Restricted stock			417				243
Accrued bonuses			238				224
Interest income on nonaccrual loans			88				56
Other than temporary impairment			374				186
Other			16				152
Total gross deferred tax assets			6,253				7,399
Deferred tax liabilities:
Deferred loan fees			588				433
Accumulated depreciation			172				728
Prepaid expenses			59				101
Other			70				100
Unrealized gain on available for sale securities			3,308				3,479
Total gross deferred tax liabilities			4,197				4,841
Net deferred tax asset		$	2,056				2,558

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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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- 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://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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