Income Taxes (Tables)

9 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of components of the provision for income taxes

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
	(unaudited)						(unaudited)
Current expense (benefit):
Federal	$	89		$	831		$	550		$	1,408
State		(6	)		(89	)		7			(71	)
Total		83			742			557			1,337
Deferred (benefit) expense:
Federal		183			12			(12	)		134
State		-			-			-			-
Total		183			12			(12	)		134
Total provision for income taxes	$	266		$	754		$	545		$	1,471

Schedule of differences between the provision for income taxes and statutory federal income tax rate

	Three months ended September 30,										Nine months ended September 30,
	2018					2017					2018					2017
	(unaudited)										(unaudited)
Provision at statutory rate	$	468		21	%	$	1,148		34	%	$	778		21	%	$	1,940		34	%
Tax exempt income		(22	)	-1	%		(41	)	-1	%		(70	)	-2	%		(129	)	-2	%
State income taxes, net of federal income tax benefit		24		1	%		6		0	%		14		0	%		17		0	%
Tax basis difference on sale of B&N		-		0	%		(296	)	-9	%		-		0	%		(296	)	-5	%
Other, net		(204	)	-5	%		(63	)	-1	%		(177	)	-4	%		(61	)	-1	%
Effective income tax and rate	$	266		16	%	$	754		23	%	$	545		15	%	$	1,471		26	%

Schedule of tax effects of temporary differences of the deferred tax assets and deferred tax liabilities

	September 30,			December 31,
	2018			2017
	(unaudited)
Deferred tax assets:
Allowance for loan losses	$	1,704		$	1,473
Deferred expenses		767			717
Depreciation and amortization		79			105
Unrecognized pension liability		1,019			1,232
Postretirement liability		919			901
Deferred loss on OREO		187			83
Unrealized loss on securities		1,128			617
State tax NOLs		647			647
Other		198			232
Gross deferred tax assets		6,648			6,007
Deferred tax liabilities:
Prepaid expenses		(277	)		(181	)
Prepaid pension		(1,304	)		(1,148	)
Deferred loan fees		(135	)		(65	)
Mortgage servicing rights		(615	)		(610	)
Gross deferred tax liabilities		(2,331	)		(2,004	)
Net deferred tax asset		4,317			4,003
Deferred tax valuation allowance		(985	)		(982	)
Deferred tax assets, net of allowance	$	3,332		$	3,021