Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Expense (Benefit) for Income Taxes

The following table presents current and deferred income tax expense (benefit) for the periods stated.

	Year Ended December 31,
	2018			2017
Current (benefit) expense	$	(313	)	$	362
Deferred expense		846			435
Income tax expense	$	533		$	797

Summary of Federal Statutory Income Tax Rate Reconciled to Effective Tax Rate

The following table presents the federal statutory income tax rate reconciled to the Company’s effective tax rate for the periods stated.

	Year Ended December 31,
	2018			2017
Federal statutory income tax rate		21.0	%		34.0	%
Increase (decrease) resulting from:
Net tax-exempt income		(5.6	%)		85.0	%
Merger-related expenses		0.0	%		(15.0	%)
Tax Cuts and Jobs Act of 2017 adjustment to deferred taxes		0.0	%		(283.1	%)
Income tax return to provision (2017) adjustment		(3.9	%)		0.0	%
Other, net		0.7	%		11.4	%
Federal effective income tax rate		12.1	%		(167.7	%)

Components of Net Deferred Tax Assets

The following table presents the components of the net deferred tax asset as of the dates stated using a statutory income tax rate of 21%. The Company has concluded that it is more likely than not that its deferred tax assets will be utilized in future periods; therefore, no valuation allowance has been recorded against all or a portion of its deferred tax assets.

	December 31, 2018			December 31, 2017
Deferred tax assets
Allowance for loan losses	$	1,629		$	1,632
Other real estate owned		226			433
Pension and post-retirement benefit plans		127			266
Unrealized losses on available-for-sale    securities		333			130
Deferred and share-based compensation plans		237			215
Alternative minimum tax credit		—			134
Fair value adjustments on acquired loans and time deposits resulting from the Merger		969			1,665
Net deferred loan fees		53			65
Other		124			270
Total deferred tax assets		3,698			4,810
Deferred tax liabilities
Depreciation of fixed assets		(359	)		(69	)
Amortization of goodwill and core deposit intangible asset		(1,050	)		(1,218	)
Premium on fixed assets acquired in the Merger		(553	)		(561	)
Recapture of bad debts experience reserve		(178	)		(229	)
Other		(48	)		(391	)
Total deferred tax liabilities		(2,188	)		(2,468	)
Deferred tax assets, net	$	1,510		$	2,342