XML 57 R30.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | At year-end, components of the income tax expense (benefit) consist of the following:
|  | (Dollars in thousands) |
|  | 2012 |  |  | 2011 |
Federal: |  |  |  |  |  |  |  |
Current |  | $ | 1,754 |  |  | $ | 735 |
Deferred |  |  | 146 |  |  |  | 434 |
State: |  |  |  |  |  |  |  |
Current |  |  | 35 |  |  |  | 126 |
Deferred, net of valuation allowance |  |  | 6 |  |  |  | (116 | )
Income tax expense |  | $ | 1,941 |  |  | $ | 1,179
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Effective tax rates differ from the federal statutory rate of 34% applied to income before income taxes due to the following:
|  | (Dollars in thousands) |
|  | 2012 |  |  | 2011 |
Federal statutory rate |  |  | 34 | % |  |  | 34 | %
Tax expense at statutory rate |  | $ | 2,990 |  |  | $ | 2,232 |
State tax, net of federal effect |  |  | 27 |  |  |  | 7 |
Tax exempt income |  |  | (806 | ) |  |  | (874 | )
Bank owned life insurance |  |  | (329 | ) |  |  | (135 | )
Tax credits |  |  | - |  |  |  | (67 | )
Other |  |  | 59 |  |  |  | 16 |
Total income tax expense |  | $ | 1,941 |  |  | $ | 1,179
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | At year-end, the components of the net deferred tax asset recorded in the consolidated balance sheets are as follows:
|  | (Dollars in thousands) |
|  | 2012 |  |  | 2011 |
Deferred tax assets: |  |  |  |  |  |  |  |
Bad debts |  | $ | 3,318 |  |  | $ | 3,149 |
Deferred loan fees |  |  | 99 |  |  |  | 104 |
Deferred compensation |  |  | 486 |  |  |  | 660 |
Net operating loss |  |  | 875 |  |  |  | 855 |
Tax credits |  |  | 73 |  |  |  | 62 |
Nonaccrual loan interest income |  |  | 12 |  |  |  | 22 |
Restricted stock awards |  |  | 26 |  |  |  | 32 |
REO writedowns |  |  | 11 |  |  |  | 16 |
Unqualified DCP |  |  | 55 |  |  |  | 50 |
Post retirement benefit |  |  | 55 |  |  |  | 58 |
Other-than-temporary impairment |  |  | 92 |  |  |  | 90 |
Accrued vacation |  |  | 125 |  |  |  | 63 |
Legal reserve |  |  | - |  |  |  | 148 |
Impairment on land |  |  | 75 |  |  |  | 75 |
Other |  |  | 20 |  |  |  | 42 |
Total deferred tax assets |  |  | 5,322 |  |  |  | 5,426 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation |  |  | (1,284 | ) |  |  | (1,214 | )
Prepaids |  |  | (272 | ) |  |  | (246 | )
Mortgage servicing rights |  |  | (133 | ) |  |  | (122 | )
Deferred stock dividends |  |  | (115 | ) |  |  | (115 | )
Unrealized appreciation on securities available-for-sale, net |  |  | (1,246 | ) |  |  | (1,355 | )
Post retirement unrealized gain |  |  | (40 | ) |  |  | (43 | )
Other |  |  | (16 | ) |  |  | (91 | )
Total deferred tax liabilities |  |  | (3,106 | ) |  |  | (3,186 | )
Valuation allowance |  |  | (474 | ) |  |  | (458 | )
Net deferred tax assets |  | $ | 1,742 |  |  | $ | 1,782

X
- 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=6907707&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=6907707&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=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration