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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Schedule of provision for income taxes

	($ in thousands)		For The Year Ended  December 31,
			2014				2013
	Taxes currently payable		$	1,424			$	512
	Deferred provision			661				1,731
	Income tax expense		$	2,085			$	2,243

Schedule of reconciliation of income tax expense

	($ in thousands)		For The Year Ended  December 31,
			2014				2013
	Computed at the statutory rate (34%)		$	2,498			$	2,532
	Increase (decrease) resulting from
	Tax exempt interest			(240	)			(247	)
	BOLI Income			(138	)			(112	)
	Other			(35	)			70
	Actual tax expense		$	2,085			$	2,243

Schedule of deferred tax

			At December 31,
	($ in thousands)		2014				2013
	Deferred tax assets
	Allowance for loan losses		$	2,302			$	2,368
	OREO Writedowns/Expense			-				14
	Net deferred loan fees			80				93
	NOL carry over			-				535
	AMT credit carry over			542				798
	Other			787				236
				3,711				4,044
	Deferred tax liabilities
	Depreciation			(995	)			(1,031	)
	Mortgage servicing rights			(1,939	)			(1,761	)
	Unrealized gains on available-for-sale securities			(473	)			(38	)
	Purchase accounting adjustments			(1,319	)			(1,149	)
	Prepaids			(277	)			(248	)
	FHLB stock dividends			(466	)			(466	)
				(5,469	)			(4,693	)
	Net deferred tax liability		$	(1,758	)		$	(649	)

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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

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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

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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

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