Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Components of the provision for income taxes [Table Text Block]

The components of the Provision for income taxes for the years ended December 31, were as follows:



	2015		2014			2013
	(Dollars in thousands)
Current tax provision	$	1,838	$	2,010		$	1,281
Deferred tax provision (benefit)	341		(37		)	581
	$	2,179	$	1,973		$	1,862

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The total provision for income taxes differs from the amounts computed at the statutory federal income tax rate of 34% primarily due to the following for the years ended December 31:



	2015			2014			2013
	(Dollars in thousands)
Computed “expected” tax expense	$	3,419		$	3,287		$	3,059
Tax exempt interest	(613		)	(560		)	(496		)
Increase in cash surrender value of COLI	(96		)	(42		)	(44		)
Tax credits	(564		)	(735		)	(675		)
Other	33			23			18
	$	2,179		$	1,973		$	1,862

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Listed below are the significant components of the net deferred tax asset at December 31:



	2015			2014
	(Dollars in thousands)
Components of the deferred tax asset
Bad debts	$	1,768		$	1,517
Deferred compensation	338			360
Net pension liability	470			246
Core deposit intangible	89			69
Limited partnership investments	91			75
Unrealized loss on investment securities available-for-sale	14			—
Other	164			264
Total deferred tax asset	2,934			2,531

Components of the deferred tax liability
Depreciation	(819		)	(559		)
Mortgage servicing rights	(519		)	(461		)
Unrealized gain on investment securities available-for-sale	—			(99		)
Goodwill	(231		)	(181		)
Total deferred tax liability	(1,569		)	(1,300		)
Net deferred tax asset	$	1,365		$	1,231