XML 53 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1

8. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

(Dollars in thousands)
		2017				2016				2015
Current expense		$	1,827				1,464				2,427
Deferred income tax expense			2,120				1,097				673
Total income tax		$	3,947				2,561				3,100

Schedule of Effective Income Tax Rate Reconciliation

(Dollars in thousands)
		2017				2016				2015
Tax expense at statutory rate (34%)		$	4,833				3,991				4,329
State income tax, net of federal income tax effect			307				339				494
Tax-exempt interest income			(1,594	)			(1,681	)			(1,682	)
Increase in cash surrender value of life insurance			(136	)			(138	)			(143	)
Nondeductible interest and other expense			46				78				103
Impact of Tax Cuts and Jobs Act			588				-				-
Other			(97	)			(28	)			(1	)
Total		$	3,947				2,561				3,100

Schedule of Deferred Tax Assets and Liabilities

(Dollars in thousands)
		2017				2016
Deferred tax assets:
Allowance for loan losses		$	1,463				2,717
Accrued retirement expense			1,073				1,616
Other real estate			-				-
Federal credit carryforward			88				326
State credit carryforward			-				14
Restricted stock			243				745
Accrued bonuses			171				216
Interest income on nonaccrual loans			5				27
Other than temporary impairment			9				14
Other			-				23
Total gross deferred tax assets			3,052				5,698
Deferred tax liabilities:
Deferred loan fees			365				797
Accumulated depreciation			498				532
Prepaid expenses			14				78
Other			28				23
Unrealized gain on available for sale securities			1,072				1,807
Total gross deferred tax liabilities			1,977				3,237
Net deferred tax asset		$	1,075				2,461

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=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://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=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://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=84230637&loc=d3e32687-109319

+ Details

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