Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

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:



	2016		2015		2014
	(Dollars in thousands)
Current tax provision	$	1,467	$	1,838	$	2,010
Deferred tax provision (benefit)	566		341		(37		)
	$	2,033	$	2,179	$	1,973

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:



	2016			2015			2014
	(Dollars in thousands)
Computed “expected” tax expense	$	3,585		$	3,419		$	3,287
Tax exempt interest	(596		)	(613		)	(560		)
Increase in cash surrender value of COLI	(115		)	(96		)	(42		)
Tax credits	(896		)	(564		)	(735		)
Other	55			33			23
	$	2,033		$	2,179		$	1,973

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:



	2016			2015
	(Dollars in thousands)
Components of the deferred tax asset
Bad debts	$	1,813		$	1,768
Deferred compensation	334			338
Net pension liability	316			470
Core deposit intangible	110			89
Limited partnership investments	—			91
Unrealized loss on investment securities available-for-sale	342			14
Other	146			164
Total deferred tax asset	3,061			2,934

Components of the deferred tax liability
Depreciation	(893		)	(819		)
Mortgage servicing rights	(563		)	(519		)
Limited partnership investments	(17		)	—
Goodwill	(286		)	(231		)
Total deferred tax liability	(1,759		)	(1,569		)
Net deferred tax asset	$	1,302		$	1,365