XML 55 R32.htm IDEA: XBRL DOCUMENT
v3.6.0.2

8. Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Components of Income Tax Expense (Benefit) |
(Dollars in thousands) |  |  |  |  |  |  |  |
|  | 2016 |  |  | 2015 |  |  | 2014
Current expense |  | $ | 1,464 |  |  |  | 2,427 |  |  |  | 1,759
Deferred income tax expense |  |  | 1,097 |  |  |  | 673 |  |  |  | 178
Total income tax |  | $ | 2,561 |  |  |  | 3,100 |  |  |  | 1,937
Schedule of Effective Income Tax Rate Reconciliation |
(Dollars in thousands) |  |  |  |  |  |  |  |  |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Tax expense at statutory rate (34%) |  | $ | 3,991 |  |  |  | 4,329 |  |  |  | 3,851 |
State income tax, net of federal income tax effect |  |  | 339 |  |  |  | 494 |  |  |  | (283 | )
Tax-exempt interest income |  |  | (1,681 | ) |  |  | (1,682 | ) |  |  | (1,630 | )
Increase in cash surrender value of life insurance |  |  | (138 | ) |  |  | (143 | ) |  |  | (143 | )
Nondeductible interest and other expense |  |  | 78 |  |  |  | 103 |  |  |  | 119 |
Other |  |  | (28 | ) |  |  | (1 | ) |  |  | 23 |
Total |  | $ | 2,561 |  |  |  | 3,100 |  |  |  | 1,937 |
Schedule of Deferred Tax Assets and Liabilities |
(Dollars in thousands) |  |  |  |  |
|  | 2016 |  |  | 2015
Deferred tax assets: |  |  |  |  |
Allowance for loan losses |  | $ | 2,717 |  |  |  | 3,513
Accrued retirement expense |  |  | 1,616 |  |  |  | 1,574
Other real estate |  |  | - |  |  |  | 33
Federal credit carryforward |  |  | 326 |  |  |  | -
State credit carryforward |  |  | 14 |  |  |  | -
Restricted stock |  |  | 745 |  |  |  | 417
Accrued bonuses |  |  | 216 |  |  |  | 238
Interest income on nonaccrual loans |  |  | 27 |  |  |  | 88
Other than temporary impairment |  |  | 14 |  |  |  | 374
Other |  |  | 23 |  |  |  | 16
Total gross deferred tax assets |  |  | 5,698 |  |  |  | 6,253
Deferred tax liabilities: |  |  |  |  |  |  |
Deferred loan fees |  |  | 797 |  |  |  | 588
Accumulated depreciation |  |  | 532 |  |  |  | 172
Prepaid expenses |  |  | 78 |  |  |  | 59
Other |  |  | 23 |  |  |  | 70
Unrealized gain on available for sale securities |  |  | 1,807 |  |  |  | 3,308
Total gross deferred tax liabilities |  |  | 3,237 |  |  |  | 4,197
Net deferred tax asset |  | $ | 2,461 |  |  |  | 2,056

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