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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2012
Income Tax Expense | Income tax expense was as follows:
|  | 2012 |  |  | 2011 |  |  | 2010 |
Current federal |  | $ | — |  |  | $ | — |  |  | $ | 198 |
Deferred federal |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | — |  |  | $ | 198 |
Effective Tax Rates Differ from Federal Statutory Rate | Effective tax rates differ from the federal statutory rate of 34% applied to loss before income taxes due to the following:
|  | 2012 |  |  | 2011 |  |  | 2010 |
Federal statutory rate times financial statement income loss |  | $ | (1,280 | ) |  | $ | (1,845 | ) |  | $ | (2,269 | )
Effect of: |  |  |  |  |  |  |  |  |  |  |  |
Bank owned life insurance income |  |  | (45 | ) |  |  | (44 | ) |  |  | (43 | )
Increase in deferred tax valuation allowance |  | $ | 1,314 |  |  |  | 1,876 |  |  |  | 2,276 |
Other |  |  | 11 |  |  |  | 13 |  |  |  | 234 |
|  | $ | — |  |  | $ | — |  |  | $ | 198 |
Effective tax rate |  |  | 0.0 | % |  |  | 0.0 | % |  |  | -3.0 | %
Deferred Tax Assets and Liabilities | Year-end deferred tax assets and liabilities were due to the following:
|  | 2012 |  |  | 2011 |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for loan losses |  | $ | 1,298 |  |  | $ | 1,775 |
Deferred loan fees |  |  | — |  |  |  | 10 |
Post-retirement death benefits |  |  | 70 |  |  |  | 64 |
Deferred compensation |  |  | 93 |  |  |  | 85 |
Nonaccrual interest |  |  | 83 |  |  |  | 80 |
Depreciation |  |  | 71 |  |  |  | 41 |
Other real estate owned loss reserves |  |  | — |  |  |  | 394 |
Tax mark-to-market adjustments on securities available for sale |  |  | 36 |  |  |  | 131 |
Accrued stock awards |  |  | — |  |  |  | — |
Net operating loss carryforward |  |  | 1,904 |  |  |  | 6,628 |
Unrealized loss on securities available for sale |  |  | — |  |  |  | — |
Other |  |  | 72 |  |  |  | 79 |
|  |  | 3,627 |  |  |  | 9,287 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
FHLB stock dividend |  |  | 366 |  |  |  | 366 |
Mortgage servicing rights |  |  | 9 |  |  |  | 12 |
Prepaid expenses |  |  | 94 |  |  |  | 46 |
Unrealized gain on securities available for sale |  |  | 36 |  |  |  | 131 |
Other |  |  | — |  |  |  | 103 |
|  |  | 505 |  |  |  | 658 |
Net deferred tax asset before valuation allowance |  |  | 3,122 |  |  |  | 8,629 |
Deferred tax valuation allowance |  |  | (3,122 | ) |  |  | (8,629 | )
Net deferred tax asset |  | $ | — |  |  | $ | — |

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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 + Details
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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 + Details
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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 + Details
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