Other Assets (Tables)

6 Months Ended

Jun. 30, 2017

The Company had the following other assets at June 30, 2017 and December 31, 2016.


(Dollars in thousands)	June 30, 2017		December 31, 2016
Nonmarketable investment securities	$	3,069	$	1,650
Accrued interest receivable		2,865		2,675
Deferred income taxes		3,467		7,039
Prepaid expenses		1,111		1,149
Cash surrender value on life insurance		2,599		2,589
Other assets		4,385		3,781
Total	$	17,496	$	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 June 30, 2017 and December 31, 2016.


	June 30,		December 31,
(Dollars in thousands)	2017		2016
Deferred tax assets:
Allowance for credit losses	$	3,647	$	3,486
Reserve for off-balance sheet commitments		122		122
Net operating loss carry forward		1,188		2,232
Write-downs of other real estate owned		300		387
Deferred income		168		1,011
Unrealized gains on available-for-sale securities		-		672
AMT Credits		403		869
Other		936		1,192
Total deferred tax assets		6,764		9,971
Deferred tax liabilities:
Depreciation		200		239
Amortization on loans FMV adjustment		138		156
Purchase accounting adjustments		2,292		2,019
Deferred capital gain on branch sale		350		401
Unrealized losses on available-for-sale securities		117		-
Other		200		116
Total deferred tax liabilities		3,297		2,931
Net deferred tax assets	$	3,467	$	7,040