Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule Of Net Deferred Tax Assets

The net deferred tax asset at December 31, 2018 and 2017 consisted of the following components:

	December 31,
	2018		2017
	(in thousands)
Deferred tax assets:
Allowance for loan losses	$	1,141	$	922
Deferred compensation	92		72
Accrued postretirement benefits	23		23
Home equity origination costs	51		46
Nonaccrual interest	41		101
Securities available for sale	424		—
Credit carryforward	216		—
Other	54		53
	$	2,042	$	1,217
Deferred tax liabilities:
Property and equipment	$	508	$	506
Securities available for sale	—		71
	$	508	$	577
Net deferred tax asset	$	1,534	$	640

Schedule Of Components Of Income Tax Expense

Income tax expense for the years ended December 31, 2018, 2017 and 2016 consisted of the following components:

	December 31,
	2018			2017		2016
	(in thousands)
Current tax expense	$	1,713		$	3,094	$	2,346
Deferred tax (benefit) expense	(399		)	135		207
Deferred tax adjustment for enacted rate change	—			397		—
	$	1,314		$	3,626	$	2,553

Schedule Of Income Tax Reconciliation

The following table reconciles income tax expense to the statutory federal corporate income tax amount, which was calculated by applying the federal corporate income tax rate to pre-tax income for the years ended December 31, 2018, 2017 and 2016.

	December 31,
	2018			2017			2016
	(in thousands)
Statutory federal corporate tax amount	$	2,166		$	3,880		$	3,034
Tax-exempt interest (income)	(301		)	(417		)	(387		)
Officer insurance loss (income)	13			(92		)	15
Net tax credits	(605		)	(165		)	(126		)
Corporate tax rate change	—			397			—
Other, net	41			23			17
	$	1,314		$	3,626		$	2,553