XML 21 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of federal income tax on earnings and computation of statutory corporate tax rate
 
   
2014
   
2013
 
   
(Dollars in thousands)
 
             
Federal income taxes at statutory rate of 34%
  $ 395     $ 383  
Increase (decrease) in taxes resulting primarily from:
               
Stock compensation
    3       1  
Nontaxable interest income
    (11 )     (10 )
Cash surrender value of life insurance
    (39 )     (41 )
Other
    (2 )     2  
                 
Federal income taxes per financial statements
  $ 346     $ 335  
                 
Effective tax rate
    29.8 %     29.8 %