Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Taxes

Schedule of components of income tax expense

	2018		2017
(dollars in thousands)
Current income tax (benefit) expense:
Federal	$	(1,191)	$	328
State		57		143
Total current tax expense		(1,134)		471
Deferred income tax expense (benefit) :
Federal		1,228		443
State		36		(1)
Total deferred tax expense		1,264		442
Total Income tax expense	$	130	$	913

Schedule of reconciliation of income tax expense

	2018		2017
(dollars in thousands)
Income tax expense at federal statutory rate	$	360	$	620
Increase (decrease) resulting from:
Tax-exempt income		(200)		(341)
Bank owned life insureance		(101)		(68)
State income taxes, net of Federal income tax benefit		74		93
Federal rate change		—		592
Other		(3)		17
Total income tax expense (benefit)	$	130	$	913

Schedule of components of the net deferred income tax benefits

	2018		2017
(dollars in thousands)
Deferred income tax benefits:
Accrued deferred compensation	$	78	$	92
Allowance for credit losses		347		7
Nonaccrual interest		—		375
Alternative minimum tax credits		—		1,191
Net operating loss carryforward credits		345		297
Accumulated depreciation		4		(15)
Other real estate owned		—		3
Reserve for unfunded commitments		10		7
Accounting standard 310-20		(76)
Other temporary differences		7		20
Accumulated securities premium accretion		210		213
Net unrealized depreciation on investment securities available for sale		467		239
Net deferred income tax benefits	$	1,392	$	2,429