Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Components of Provision for Income Taxes

(In thousands)	2012		2011		2010
Current	$	3,205	$	4,461	$	4,443
Deferred		772		(1,337)		205
Provision for income taxes	$	3,977	$	3,124	$	4,648

Tax Effects of Temporary Differences and Tax Credits that Give Rise to Deferred Tax Assets and Liabilities

(In thousands)	2012		2011
Deferred tax assets:
Allowance for loan losses	$	4,309	$	3,974
Post retirement benefit obligation		1,685		1,444
Loan mark-to-market adjustment		2,778		2,627
Deferred compensation		1,293		1,217
Installment sales		180		293
Core deposit intangible		70		108
Interest rate swap		370		492
Other		647		335
Investment in real estate limited partnerships, net		246		86
Total deferred tax assets	$	11,578	$	10,576
Deferred tax liabilities:
Unrealized gain on securities available for sale	$	(3,259)	$	(3,598)
Depreciation		(1,638)		(1,746)
Accrued pension cost		(2,949)		(1,288)
Total deferred tax liabilities	$	(7,846)	$	(6,632)
Net deferred tax asset	$	3,732	$	3,944

Reconciliation of Federal Income Tax Provision

(In thousands)	2012		2011		2010
Applicable statutory Federal income tax	$	6,710	$	6,210	$	7,038
(Reduction) increase in taxes resulting from:
Tax-exempt income		(719)		(716)		(402)
Tax credits		(2,164)		(2,592)		(2,027)
Other, net		150		222		39
Provision for income taxes	$	3,977	$	3,124	$	4,648