Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule Of Provisions For Income Tax [Table Text Block]

The Corporation and the Bank file a consolidated federal income tax return. The provision for income taxes for the years ended December 31 is comprised of the following:

(Dollar amounts in thousands)	2015		2014
Current	$	(5)	$	1,023
Deferred		1,146		25
	$	1,141	$	1,048

Schedule Of Income Tax Reconciliation and Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation between the provision for income taxes and the amount computed by multiplying operating results before income taxes by the statutory federal income tax rate of 34% for the years ended December 31 is as follows:

(Dollar amounts in thousands)	2015					2014
			% Pre-tax					% Pre-tax
	Amount		Income			Amount		Income
Provision at statutory tax rate	$	1,800		34.0	%	$	1,722		34.0	%
Increase (decrease) resulting from:
Tax free interest, net of disallowance		(542)		(10.2)	%		(580)		(11.4)	%
Earnings on bank-owned life insurance		(112)		(2.1)	%		(111)		(2.2)	%
Other, net		(5)		(0.1)	%		17		0.3	%
Provision	$	1,141		21.6	%	$	1,048		20.7	%

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

The tax effects of temporary differences between the financial reporting basis and income tax basis of assets and liabilities that are included in the net deferred tax asset as of December 31 relate to the following:

(Dollar amounts in thousands)	2015		2014
Deferred tax assets:

Funded status of pension plan	$	1,810	$	1,646
Allowance for loan losses		1,805		1,735
Deferred compensation		406		358
Accrued incentive compensation		220		141
Stock compensation		155		166
Securities impairment		149		149
Net unrealized loss on securities		127		-
Nonaccrual loan interest income		68		153
Other		52		8
Gross deferred tax assets		4,792		4,356

Deferred tax liabilities:
		-		-
Accrued pension liability		1,702		657
Depreciation		908		765
Intangible assets		317		307
Deferred loan fees		284		149
Net unrealized gains on securities		-		102
Other		30		72
Gross deferred tax liabilities		3,241		2,052
Net deferred tax asset	$	1,551	$	2,304