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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of allocation of federal and state income taxes between current and deferred portions
    Year Ended  
    December 31,  
    2015     2014  
Federal:                
Current   $ 1,411,154     $ 815,120  
Deferred     (202,931 )     71,545  
      1,208,223       886,665  
                 
State:                
Current     466,980       397,280  
Deferred     266       76,653  
      467,246       473,933  
                 
    $ 1,675,469     $ 1,360,598  
Schedule of the Company's income tax expense differed from the maximum statutory federal rate
    Year Ended  
    December 31,  
    2015     2014  
Expected income taxes   $ 2,209,628     $ 1,815,376  
Income tax effect of:                
State taxes, net of federal income tax benefit     277,177       278,391  
Tax exempt interest, net     (613,220 )     (586,302 )
Income taxed at lower rates     (63,132 )     (51,868 )
Other     (134,984 )     (94,999 )
                 
    $ 1,675,469     $ 1,360,598  
Schedule of tax effects of principal temporary differences

 

    December 31,  
    2015     2014  
Deferred tax assets:                
Allowance for loan losses   $ 2,286,438     $ 2,161,135  
Deferred compensation     306,653       256,106  
Accrued expenses     79,623       19,041  
Purchase accounting adjustments for:                
Loans     -       18,136  
Securities     90,895       106,474  
OREO writedowns and expenses     563,385       464,326  
Other     107,467       367,148  
      3,434,461       3,392,366  
                 
Deferred tax liabilities:                
Federal Home Loan Bank stock     (177,613 )     (293,580 )
Core deposit intangible     (53,605 )     (76,164 )
Mortgage servicing rights     (431,058 )     (373,757 )
Unrealized gain on securities available for sale     (254,456 )     (115,890 )
Purchase accounting adjustments for:                
Premises and equipment     (272,023 )     (278,376 )
Federal Home Loan Bank advances     (1,754 )     (4,762 )
Premises and equipment     (184,571 )     (254,555 )
      (1,375,080 )     (1,397,084 )
                 
Net deferred taxes   $ 2,059,381     $ 1,995,282