Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Federal Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended
	December 31
(Dollars in thousands)	2012		2011
Current tax expense:
Federal	$	2,450	$	2,240
State		11		-
Deferred income tax expense (benefit):
Federal		(355)		(174)
State		-		-
Income tax expense	$	2,106	$	2,066

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

	Year Ended
	December 31
(Dollars in thousands)	2012		2011
Federal income taxes at statutory rate	$	2,497	$	2,369
Decrease resulting from:
Tax-exempt interest and dividend preference		(324)		(222)
Bank owned life insurance		(82)		(84)
Other, net increase		15		3
Income tax expense	$	2,106	$	2,066

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

	December 31
(Dollars in thousands)	2012		2011
Deferred tax assets:
Allowance for credit losses	$	2,325	$	2,096
Unrealized losses on securities		-		4
Unrealized losses on reclassified securities		18		31
Unrealized loss on pension obligation		759		725
Capital loss disallowance		1		1
Unvested stock awards		45		19
Deferred compensation (SERP)		403		380
Nonqualified stock options		38		15
Non-accrued interest		422		347
Joint venture difference		31		64
Deferred compensation (BOLI)		250		248
Provision for unfunded loans		42		34
OREO write-downs		75		69
Accrued expenses		87		48
Total gross deferred tax assets		4,496		4,081
Deferred tax liabilities:
Unrealized gains on securities available for sale		(426)		-
Depreciation		(80)		(91)
Pension expense		(100)		(134)
Bank shares tax credit		(145)		(102)
Prepaid expenses		(155)		(139)
Prepaid expenses		(28)		-
Total gross deferred tax liabilities		(934)		(466)
Valuation allowance		(1)		(1)
Net deferred tax asset	$	3,561	$	3,614