Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Current and Deferred Income Tax Components

Total income tax expense for the years ended December 31, 2013 and 2012 consists of the following:

	2013			2012
Current	$	2,930		$	2,283
Deferred	(47		)	253
Total	$	2,883		$	2,536

Rate Reconciliation

Total income tax expense (benefit) differed from the "expected" amount computed by applying the U.S. Federal income tax rate of 34 percent to income before income taxes as a result of the following:

	2013			2012
Tax at statutory federal rate	$	3,304		$	3,069
Tax-exempt interest income	(218		)	(181		)
Tax-exempt interest disallowance	14			14
Cash surrender value of life insurance	(226		)	(218		)
Other	9			(148		)
Total	$	2,883		$	2,536

Deferred Income Tax Analysis

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2013 and 2012 are as follows:

	2013			2012
Deferred tax assets
Allowance for loan losses	$	2,448		$	2,740
State tax credit	255			318
Interest income on nonaccrual loans	297			319
Net unrealized losses on available-for-sale securities	2,412			—
Foreclosed asset impairment write-downs	829			640
Employee benefits	1,075			858
Total deferred tax assets	7,316			4,875
Deferred tax liabilities
Depreciation	(268		)	(288		)
Net unrealized gains on available-for-sale securities	—			(244		)
Net holding gains on securities reclassified to held-to-maturity	(41		)	(53		)
Accretion of bond discount	(38		)	(37		)
Total deferred tax liabilities	(347		)	(622		)
Net deferred tax assets	$	6,969		$	4,253