Other Assets (Tables)

9 Months Ended

Sep. 30, 2016

The Company had the following other assets at September 30, 2016 and December 31, 2015.


(Dollars in thousands)	September 30, 2016		December 31, 2015
Nonmarketable investment securities	$	1,650	$	1,621
Accrued interest receivable		2,473		2,458
Deferred income taxes		7,077		12,132
Prepaid expenses		1,647		1,039
Other assets		7,438		6,670
Total	$	20,285	$	23,920

Schedule of Deferred Tax Assets and Liabilities

The following table provides information on significant components of the Company’s deferred tax assets and liabilities as of September 30, 2016 and December 31, 2015.


	September 30,		December 31,
(Dollars in thousands)	2016		2015
Deferred tax assets:
Allowance for credit losses	$	3,439	$	3,316
Reserve for off-balance sheet commitments		120		121
Deferred loan fees and costs		1,173		1,155
Net operating loss carry forward		4,633		9,069
Write-downs of other real estate owned		330		308
Unrealized losses on available-for-sale securities		-		48
Accrued expenses		864		946
AMT carryover		595		-
Other		231		191
Total deferred tax assets		11,385		15,154
Deferred tax liabilities:
Depreciation		192		271
Amortization on loans FMV adjustment		162		140
Amortization on deferred gain on branch sale		31
Purchase accounting adjustments		2,140		1,988
Deferred loan fees		182
Deferred capital gain on branch sale		408		411
Unrealized gains on available-for-sale securities		1,000		-
Other		193		212
Total deferred tax liabilities		4,308		3,022
Net deferred tax assets	$	7,077	$	12,132