XML 58 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Taxes  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
Year ended December 31
(Dollars in thousands)201420132012
Current income tax expense:
Federal$1,601594737
State39715958
Total current income tax expense1,998753795
Deferred income tax expense:
Federal7311,330472
State55207152
Total deferred income tax expense7861,537624
Total income tax expense $2,7842,2901,419
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
201420132012
Percent ofPercent ofPercent of
pre-taxpre-taxpre-tax
(Dollars in thousands)AmountearningsAmountearningsAmountearnings
Earnings before income taxes$10,2329,4088,182
Income taxes at statutory rate3,47934.0%3,19934.0%2,78234.0%
Tax-exempt interest(803)(7.8)(884)(9.4)(997)(12.2)
State income taxes, net of
federal tax effect2952.92422.61792.2
Bank owned life insurance(170)(1.7)(145)(1.5)(151)(1.8)
Change in valuation allowance(505)(6.2)
Other(17)(0.2)(122)(1.3)1111.4
Total income tax expense $2,78427.2%2,29024.4%1,41917.4%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
December 31
(Dollars in thousands)20142013
Deferred tax assets:
Allowance for loan losses$1,7841,944
Unrealized loss on securities2,661
Write-downs on other real estate owned20282
Tax credit carry-forwards8161,137
Other480531
Total deferred tax assets3,1006,555
Deferred tax liabilities:
Premises and equipment6990
Unrealized gain on securities1,427
Originated mortgage servicing rights881867
Other204205
Total deferred tax liabilities2,5811,162
Net deferred tax asset$5195,393
Schedule of Deferred Tax Asset Rollforward [Table Text Block]
Year ended December 31
(Dollars in thousands)201420132012
Net deferred tax asset:
Balance, beginning of year$5,3931,2442,425
Deferred tax expense related to continuing operations(786)(1,537)(624)
Stockholders' equity, for accumulated other comprehensive (income) loss(4,088)5,686(557)
Balance, end of year$5195,3931,244