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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

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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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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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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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