Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES

Schedule of allocation of federal and state income taxes between current and deferred portions

	Years Ended
	December 31,
	2014			2013
	(In thousands)
Current tax provision:
Federal	$	697		$	580
State	183			144
	880			724
Deferred tax benefit:
Federal	(24		)	(236		)
State	(6		)	(68		)
	(30		)	(304		)
Total tax provision	$	850		$	420

Schedule of differences between the statutory federal income tax rate and the effective tax rates

	Years Ended
	December 31,
	2014		2013
Statutory rate	34.0	%	34.0	%
Increase (decrease) resulting from:
State taxes, net of federal tax benefit	5.0		4.3
Bank-owned life insurance	(1.5	)	(3.0	)
Stock compensation plans	0.9		1.5
Interest income from municipal securities	(0.9	)	(1.0	)
Other, net	(1.0	)	0.5
Effective tax rates	36.5	%	36.3	%

Schedule of components of net deferred tax asset included in other assets

	At December 31,
	2014			2013
	(In thousands)
Deferred tax assets:
Federal	$	1,195		$	1,374
State	347			391
	1,542			1,765
Deferred tax liabilities:
Federal	(718		)	(674		)
State	(189		)	(189		)
	(907		)	(863		)
Net deferred tax asset	$	635		$	902

Schedule of tax effects of each item that gives rise to deferred taxes

	At December 31,
	2014			2013
	(In thousands)
Deferred compensation	$	556		$	510
Net unrealized (gain) loss on securities available for sale	(81		)	216
Depreciation and amortization	(387		)	(324		)
Allowance for loan losses	892			959
Mortgage servicing rights	(333		)	(423		)
Other, net	(12		)	(36		)
Net deferred tax asset	$	635		$	902

Summary of the change in the net deferred tax asset

	Years Ended
	December 31,
	2014			2013
	(In thousands)
Balance at beginning of period	$	902		$	281
Deferred tax benefit	30			304
Deferred tax effects of net unrealized (gain) loss on securities available for sale	(297		)	317
Balance at end of period	$	635		$	902