XML 52 R32.htm IDEA: XBRL DOCUMENT v3.7.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes

Schedule of income tax expense

		2016			2015
		(In thousands)
Current
Federal		$	-		$	-
State			11			20
Deferred
Federal			163			1,238
State			128			505
Change in valuation allowance			(2,527	)		(6,337	)
​	​	​	​	​	​	​	​
Total		$	(2,225	)	$	(4,574	)
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of difference in effective tax rates from federal statutory rate of 34% applied to income before income taxes

		2016			2015
		(In thousands)
Federal statutory rate times financial statement net income		$	427		$	1,529
Effect of:
State taxes, net of federal benefit			91			323
Earnings from bank owned life insurance			(24	)		(25	)
Low income housing credits			(212	)		(212	)
Change in valuation allowance			(2,527	)		(6,337	)
Other, net			20			148
​	​	​	​	​	​	​	​
Total		$	(2,225	)	$	(4,574	)
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of deferred tax assets and liabilities

		2016			2015
		(In thousands)
Deferred tax assets:
Allowance for loan losses		$	84		$	311
Accrued liabilities			218			222
State income taxes			46			51
Deferred compensation			494			475
Stock compensation			156			110
Net operating loss carryforward			5,886			6,141
Non-accrual loan interest			9			14
Partnership investment			175			125
General business credit			1,282			1,091
Alternative minimum tax credit			209			185
Other			37			531
​	​	​	​	​	​	​	​
Total deferred tax assets			8,596			9,256
​	​	​	​	​	​	​	​
Valuation allowance			-			(2,527	)
​	​	​	​	​	​	​	​
Deferred tax liabilities:
Deferred loan fees/costs			(1,125	)		(1,246	)
Real estate owned			-			(15	)
Basis difference on fixed assets			(57	)		(59	)
Net unrealized appreciation on available-for-sale securities			(90	)		(164	)
FHLB stock dividends			(371	)		(574	)
Mortgage servicing rights			(13	)		(17	)
Prepaid expenses			(33	)		(60	)
​	​	​	​	​	​	​	​
Total deferred tax liabilities			(1,689	)		(2,135	)
​	​	​	​	​	​	​	​
Net deferred tax assets		$	6,907		$	4,594
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of reconciliation of unrecognized tax benefits

		2016			2015
		(In thousands)
Balance at beginning of year		$	475		$	475
Additions based on tax positions related to the current year			-			-
Additions for tax positions of prior year			-			-
Reductions for tax positions of prior years			-			-
Settlements			-			-
​	​	​	​	​	​	​	​
Balance at end of year		$	475		$	475
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

X

- References

No definition available.

+ 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=65882285&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=65882285&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=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration