Other Assets (Tables)

9 Months Ended

Sep. 30, 2018

The Company had the following other assets at September 30, 2018 and December 31, 2017.


(Dollars in thousands)	September 30, 2018		December 31, 2017
Restricted securities	$	8,110	$	3,735
Accrued interest receivable		3,601		3,502
Deferred income taxes		2,440		1,935
Prepaid expenses		1,546		1,475
Cash surrender value on life insurance		3,676		3,637
Other assets		4,327		3,636
Total	$	23,700	$	17,920

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, 2018 and December 31, 2017.


	September 30,		December 31,
(Dollars in thousands)	2018		2017
Deferred tax assets:
Allowance for credit losses	$	2,801	$	2,625
Reserve for off-balance sheet commitments		81		81
Net operating loss carry forward		397		741
Write-downs of other real estate owned		217		212
Deferred income		132		95
Unrealized losses on available-for-sale securities		1,514		460
Unrealized losses on available-for-sale securities transferred to held to maturity		22		20
Other		345		635
Total deferred tax assets		5,509		4,869
Deferred tax liabilities:
Depreciation		267		408
Amortization on loans FMV adjustment		65		84
Acquisition accounting adjustments		2,239		1,994
Deferred capital gain on branch sale		202		207
Other		296		241
Total deferred tax liabilities		3,069		2,934
Net deferred tax assets	$	2,440	$	1,935