Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Federal Income Taxes [Abstract]

Schedule Of Components Of Income Tax Expense (Benefit)

	Year Ended
	December 31
(Dollars in thousands)	2013		2012
Current tax expense:
Federal	$	567	$	2,450
State		9		11
Deferred income tax expense (benefit):
Federal		644		(355)
State		-		-
Income tax expense	$	1,220	$	2,106

Schedule Of Effective Income Tax Rate Reconciliation

	Year Ended
	December 31
(Dollars in thousands)	2013		2012
Federal income taxes at statutory rate	$	1,747	$	2,497
Decrease resulting from:
Tax-exempt interest and dividend preference		(465)		(324)
Bank owned life insurance		(81)		(82)
Other, net increase		19		15
Income tax expense	$	1,220	$	2,106

Schedule Of Deferred Tax Assets And Liabilities

	December 31
(Dollars in thousands)	2013		2012
Deferred tax assets:
Allowance for credit losses	$	1,572	$	2,325
Unrealized losses on securities		836		-
Unrealized losses on reclassified securities		11		18
Unrealized loss on pension obligation		375		759
Capital loss disallowance		1		1
State net operating losses		393		373
Unvested stock awards		58		45
Deferred compensation (SERP)		679		653
Nonqualified stock options		61		38
Non-accrued interest		622		422
Joint venture difference		-		-
Deferred compensation (BOLI)		-		-
Provision for unfunded loans		53		42
OREO write-downs		24		75
Accrued expenses		50		118
Total gross deferred tax assets		4,735		4,869
Deferred tax liabilities:
Unrealized gains on securities available for sale		-		(426)
Depreciation		(113)		(80)
Pension expense		(43)		(100)
Bank shares tax credit		(189)		(145)
Prepaid expenses		(169)		(155)
Mortgage servicing rights		(39)		(28)
Total gross deferred tax liabilities		(553)		(934)
Valuation allowance		(394)		(374)
Net deferred tax asset	$	3,788	$	3,561