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NET DEFERRED TAX ASSETS AND INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Components of income tax provision
Years ended December 31, (in thousands)    2015      2014      2013  
Federal  $2,186   $1,057   $940 
State   432    226    103 
Current provision   2,618    1,283    1,043 
Federal   896    (553)   215 
State   49    (120)    
Change in valuation allowance           (349)
Deferred expense (benefit)   945    (673)   (134)
Income tax provision  $3,563   $610   $909 
Reconciliation of expected federal statutory tax to income tax provision
Years ended December 31,    2015      2014      2013  
Income tax at statutory federal tax rate   34.00%   34.00%   34.00%
State tax, net of federal tax benefit   2.63    2.23    1.35 
Tax exempt income and dividends received deduction   (7.38)   (30.22)   (18.18)
Expiration of capital loss carry forward   0.00    0.00    7.00 
Merger/acquisition related costs   0.00    7.77    0.00 
Other   0.39    5.71    1.04 
Change in valuation allowance   0.00    0.00    (7.00)
Effective income tax rates   29.64%   19.49%   18.21%
Components of net deferred tax assets
Years ended December 31, (in thousands)    2015      2014  
Allowance for loan losses  $1,877   $1,373 
Interest on non-performing loans   343    236 
Accrued deferred compensation   153    301 
Post-retirement benefits   17    17 
Other real estate owned write-downs       72 
Restricted stock awards   147    111 
Mark-to-market purchase accounting adjustments   1,109    2,180 
Write-down of securities   1,497    1,497 
Alternative minimum tax       540 
Other   22    10 
Gross deferred tax assets   5,165    6,337 
Deferred loan costs, net   (436)   (538)
Goodwill and core deposit intangible asset   (853)   (821)
Accelerated depreciation   (1,130)   (1,209)
Mortgage servicing rights   (177)   (255)
Net unrealized holding gain on available-for-sale securities   (580)   (1,086)
Gross deferred tax liabilities   (3,176)   (3,909)
Net deferred tax asset  $1,989   $2,428