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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Taxes |
Schedule of components of income tax expense |
|  | 2018 |  | 2017
(dollars in thousands) |  |
Current income tax (benefit) expense: |  |  |  |  |  |
Federal |  | $ | (1,191) |  | $ | 328
State |  |  | 57 |  |  | 143
Total current tax expense |  |  | (1,134) |  |  | 471
Deferred income tax expense (benefit) : |  |  |  |  |  |
Federal |  |  | 1,228 |  |  | 443
State |  |  | 36 |  |  | (1)
Total deferred tax expense |  |  | 1,264 |  |  | 442
Total Income tax expense |  | $ | 130 |  | $ | 913
Schedule of reconciliation of income tax expense |
|  | 2018 |  | 2017 |
(dollars in thousands) |  |  |
Income tax expense at federal statutory rate |  | $ | 360 |  | $ | 620 |
Increase (decrease) resulting from: |  |  |  |  |  |  |
Tax-exempt income |  |  | (200) |  |  | (341) |
Bank owned life insureance |  |  | (101) |  |  | (68) |
State income taxes, net of Federal income tax benefit |  |  | 74 |  |  | 93 |
Federal rate change |  |  | — |  |  | 592 |
Other |  |  | (3) |  |  | 17 |
Total income tax expense (benefit) |  | $ | 130 |  | $ | 913 |
Schedule of components of the net deferred income tax benefits |
|  | 2018 |  | 2017 |
(dollars in thousands) |  |  |
Deferred income tax benefits: |  |  |  |  |  |  |
Accrued deferred compensation |  | $ | 78 |  | $ | 92 |
Allowance for credit losses |  |  | 347 |  |  | 7 |
Nonaccrual interest |  |  | — |  |  | 375 |
Alternative minimum tax credits |  |  | — |  |  | 1,191 |
Net operating loss carryforward credits |  |  | 345 |  |  | 297 |
Accumulated depreciation |  |  | 4 |  |  | (15) |
Other real estate owned |  |  | — |  |  | 3 |
Reserve for unfunded commitments |  |  | 10 |  |  | 7 |
Accounting standard 310-20 |  |  | (76) |  |  |  |
Other temporary differences |  |  | 7 |  |  | 20 |
Accumulated securities premium accretion |  |  | 210 |  |  | 213 |
Net unrealized depreciation on investment securities available for sale |  |  | 467 |  |  | 239 |
Net deferred income tax benefits |  | $ | 1,392 |  | $ | 2,429 |

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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://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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