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Income Taxes

12 Months Ended

Dec. 31, 2016

Income Taxes [Abstract]

Income Taxes

Note 12: Income Taxes

The provision for income taxes includes these components:

($ in thousands)		For The Year Ended December 31,
		2016				2015
Taxes currently payable		$	3,379			$	1,885
Deferred provision			738				1,519
Income tax expense		$	4,117			$	3,404

A reconciliation of income tax expense at the statutory rate to the Company's actual income tax expense is shown below:

($ in thousands)		For The Year Ended December 31,
		2016				2015
Computed at the statutory rate (34%)		$	4,387			$	3,748
Increase (decrease) resulting from
Tax exempt interest			(218	)			(240	)
BOLI Income			(98	)			(99	)
Other			46				(5	)
Actual tax expense		$	4,117			$	3,404

The tax effects of temporary differences related to deferred taxes shown on the balance sheets are:

($ in thousands)		At December 31,
		2016				2015
Deferred tax assets
Allowance for loan losses		$	2,627			$	2,377
Net deferred loan fees			98				104
Other			361				757
			3,086				3,238
Deferred tax liabilities
Depreciation			(1,385	)			(1,335	)
Mortgage servicing rights			(2,930	)			(2,468	)
Unrealized gains on available-for-sale securities			(26	)			(335	)
Purchase accounting adjustments			(1,659	)			(1,489	)
Prepaids			(188	)			(285	)
FHLB stock dividends			(466	)			(465	)
			(6,654	)			(6,377	)
Net deferred tax liability		$	(3,568	)		$	(3,139	)

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- References

No definition available.

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- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319

Reference 4: 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=65882285&loc=d3e32639-109319

Reference 5: 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=65882285&loc=d3e32537-109319

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