INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Provision For Income Taxes [Table Text Block]

The provision for income taxes (in thousands) consists of:

	2015		2014		2013
Current provision	$	1,596	$	1,443	$	1,522
Deferred provision (benefit)		(144)		(12)		(251)
Total income tax expense	$	1,452	$	1,431	$	1,271

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Year-end deferred tax assets and liabilities (in thousands) consist of:

	2015		2014
Items giving rise to deferred tax assets
Allowance for loan losses in excess of tax reserve	$	980	$	1,070
Deferred compensation		397		346
Restricted stock awards		65		39
Nonaccrual loan interest		36		27
Deferred loan fees and costs		100		49
Accrued expenses and other		4		11
Total		1,582		1,542
Items giving rise to deferred tax liabilities
Depreciation		(264)		(333)
FHLB stock dividend		(309)		(309)
Unrealized gain on securities available for sale		(81)		(132)
Prepaid expenses and other		(12)		(47)
Total		(666)		(821)
Net deferred tax asset	$	916	$	721

Federal Income Tax Note [Table Text Block]

Income tax expense attributable to continuing operations (in thousands) is reconciled between the financial statement provision and amounts computed by applying the statutory federal income tax rate of 34% to income before income taxes as follows:

	2015		2014		2013
Tax at statutory rates	$	1,658	$	1,607	$	1,471
Increase (decrease) in tax resulting from:
Tax-exempt income		(161)		(179)		(199)
Other		(45)		3		(1)
Total income tax expense	$	1,452	$	1,431	$	1,271