Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Schedule of Allocation of Federal and State Income Taxes

Allocation of federal and state income taxes between current and deferred portions is as follows:

	Years Ended December 31,
(dollars in thousands)	2014	2013
Current
Federal	$                    2,005	$                    3,043
State	699	845
	2,704	3,888
Deferred
Federal	926	(94)
State	146	(23)
	1,072	(117)
Total income tax expense	$                    3,776	$                    3,771

Schedule of Effective Income Tax Rate Reconciliation

The reasons for the differences between the statutory federal income tax rate and the effective tax rates are summarized as follows:

	Years Ended December 31,
	2014		2013
	Amount	Percent of Pre-Tax  Income	Amount	Percent of Pre-Tax  Income
Expected income tax expense at
federal tax rate	$                3,490	34.00%	$                3,544	34.00%
State taxes net of federal benefit	604	5.88%	577	5.54%
Nondeductible expenses	39	0.38%	35	0.34%
Nontaxable income	(345)	(3.36%)	(340)	(3.26%)
Other	(12)	(0.12%)	(45)	(0.43%)
	$                3,776	36.78%	$                3,771	36.18%

Schedule of Deferred Tax Assets and Liabilities

The net deferred tax assets in the accompanying balance sheets include the following components:

	December 31,
(dollars in thousands)	2014	2013
Deferred tax assets
Allowance for loan losses	$                    3,346	$                    3,283
Deferred compensation	2,181	1,971
OREO valuation allowance & expenses	308	1,748
Unrealized loss on investment securities	246	545
Other	228	208
	6,309	7,755
Deferred tax liabilities
FHLB stock dividends	156	156
Depreciation	51	60
	207	216
	$                    6,102	$                    7,539