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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense

		2017			2016
(dollars in thousands)
Current income tax expense:
Federal		$	328		$	38
State			143			26
Total current tax expense			471			64
Deferred income tax expense (benefit) :
Federal (1)			443			(185)
State			(1)			38
Total deferred tax expense (benefit)			442			(147)
Total Income tax expense (benefit)		$	913		$	(83)

Schedule of reconciliation of income tax expense

		2017			2016
(dollars in thousands)
Income tax expense at federal statutory rate		$	620		$	346
Increase (decrease) resulting from:
Tax-exempt income			(341)			(309)
Bank owned life insureance			(68)			(148)
State income taxes, net of Federal income tax benefit			93			42
Federal rate change (1)			592			—
Other			17			(14)
Total income tax expense (benefit)		$	913		$	(83)

Schedule of components of the net deferred income tax benefits

		2017			2016
(dollars in thousands)
Deferred income tax benefits:
Accrued deferred compensation		$	92		$	146
Allowance for credit losses			7			95
Nonaccrual interest			375			445
Alternative minimum tax credits			1,191			967
Net operating loss carryforward credits			297			665
Accumulated depreciation			(15)			54
Other real estate owned			3			18
Reserve for unfunded commitments			7			10
Other temporary differences			20			22
Accumulated securities premium accretion			213			211
Net unrealized depreciation on investment securities available for sale			239			527
Net deferred income tax benefits		$	2,429		$	3,160

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- References

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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=84230637&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=84230637&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=84230637&loc=d3e32687-109319

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