Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

(Benefit) Expense for Income Taxes

The (benefit) expense for income taxes consisted of the following (in thousands):

Year ended December 31,	2015			2014
Current	$	303		$	499
Deferred		(490	)		58
	$	(187	)	$	557

Summary of Reasons for Differences Between Statutory Federal Income Tax Rates and Effective Tax Rates

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

	2015			2014
Statutory rate		34.0	%		34.0	%
Increase (decrease) resulting from:
Tax exempt interest		-116.9	%		-8.3	%
Bank owned life insurance		-46.8	%		-3.1	%
Other, net		25.5	%		0.7	%
		-104.2	%		23.3	%

Components of Net Deferred Tax Assets and Liabilities

The components of the net deferred tax assets and liabilities included in other liabilities are as follows (in thousands):

December 31,	2015			2014
Deferred tax assets
Allowance for loan losses	$	985		$	661
Interest on non-accrual loans		89			47
Other real estate		419			397
Pension plan		233			222
Postretirement benefits		227			262
Deferred compensation		162			141
Stock-based compensation		31			25
Other		20			11
Total deferred tax assets		2,166			1,766
Deferred tax liabilities
Unrealized gains on available-for-sale securities		(55	)		(23	)
Depreciation		(171	)		(218	)
Amortization of goodwill		(955	)		(928	)
Net deferred loan fees and costs		(110	)		(134	)
Other		(64	)		(67	)
Total deferred tax (liabilities)		(1,355	)		(1,370	)
Net deferred tax assets	$	811		$	396