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NET DEFERRED TAX ASSETS AND INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Components of income tax provision
Years ended December 31, (in thousands)    2016      2015      2014  
Federal  $1,344   $2,186   $1,057 
State   288    432    226 
Current provision   1,632    2,618    1,283 
Federal   852    896    (553)
State   105    49    (120)
Deferred expense (benefit)   957    945    (673)
Income tax provision  $2,589   $3,563   $610 
Reconciliation of expected federal statutory tax to income tax provision
Years ended December 31,    2016      2015      2014  
Income tax at statutory federal tax rate   34.00%   34.00%   34.00%
State tax, net of federal tax benefit   2.80    2.63    2.23 
Tax exempt income and dividends received deduction   (9.07)   (7.38)   (30.22)
Merger/acquisition related costs           7.77 
Other   0.19    0.39    5.71 
Effective income tax rates   27.92%   29.64%   19.49%
Components of net deferred tax assets
Years ended December 31, (in thousands)    2016      2015  
Allowance for loan losses  $2,023   $1,877 
Interest on non-performing loans   362    343 
Accrued deferred compensation   268    153 
Post-retirement benefits   17    17 
Other real estate owned write-downs   184     
Restricted stock awards   62    147 
Mark-to-market purchase accounting adjustments   513    1,109 
Write-down of securities   588    1,497 
Other   64    22 
Gross deferred tax assets   4,081    5,165 
Deferred loan costs, net   (457)   (436)
Goodwill and core deposit intangible asset   (848)   (853)
Accelerated depreciation   (1,048)   (1,130)
Mortgage servicing rights   (116)   (177)
Net unrealized holding gain on available-for-sale securities   (245)   (580)
Gross deferred tax liabilities   (2,714)   (3,176)
Net deferred tax asset  $1,367   $1,989