Other Assets (Tables)

3 Months Ended

Mar. 31, 2017

The Company had the following other assets at March 31, 2017 and December 31, 2016.


(Dollars in thousands)	March 31, 2017		December 31, 2016
Nonmarketable investment securities	$	3,070	$	1,650
Accrued interest receivable		2,753		2,675
Deferred income taxes		4,973		7,039
Prepaid expenses		1,215		1,149
Cash surrender value on life insurance		2,591		2,589
Other assets		3,656		3,781
Total	$	18,258	$	18,883

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 March 31, 2017 and December 31, 2016.


	March 31,		December 31,
(Dollars in thousands)	2017		2016
Deferred tax assets:
Allowance for credit losses	$	3,566	$	3,486
Reserve for off-balance sheet commitments		122		122
Net operating loss carry forward		1,260		2,232
Write-downs of other real estate owned		267		387
Deferred income		985		1,011
Unrealized losses on available-for-sale securities		189		672
Accrued expenses		-		-
AMT Credits		606		869
Other		1,013		1,192
Total deferred tax assets		8,008		9,971
Deferred tax liabilities:
Depreciation		220		239
Amortization on loans FMV adjustment		145		156
Purchase accounting adjustments		2,153		2,019
Deferred capital gain on branch sale		353		401
Other		164		116
Total deferred tax liabilities		3,035		2,931
Net deferred tax assets	$	4,973	$	7,040