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Other Assets (Tables)
6 Months Ended
Jun. 30, 2019
Other Assets [Abstract]  
Schedule of Other Assets

 

 

 

 

 

 

 

 

(Dollars in thousands)

    

June 30, 2019

    

December 31, 2018

    

Accrued interest receivable

 

 

3,671

 

 

3,345

 

Deferred income taxes

 

 

2,912

 

 

4,182

 

Prepaid expenses

 

 

1,186

 

 

1,067

 

Cash surrender value on life insurance

 

 

3,752

 

 

3,726

 

Income taxes receivable

 

 

781

 

 

 —

 

Other assets

 

 

2,300

 

 

5,358

 

Total

 

$

14,602

 

$

17,678

 

 

Schedule of Deferred Tax Assets and Liabilities

 

 

 

 

 

 

 

 

    

June 30, 

 

December 31, 

(Dollars in thousands)

    

2019

    

2018

Deferred tax assets:

 

 

  

 

 

  

Allowance for credit losses

 

$

2,815

 

$

2,797

Reserve for off-balance sheet commitments

 

 

81

 

 

81

Net operating loss carry forward

 

 

33

 

 

 —

Write-downs of other real estate owned

 

 

45

 

 

273

Nonaccrual loan interest

 

 

345

 

 

260

Unrealized losses on available-for-sale securities

 

 

72

 

 

1,105

Unrealized losses on available-for-sale securities transferred to held to maturity

 

 

 8

 

 

12

Other

 

 

464

 

 

524

Total deferred tax assets

 

 

3,863

 

 

5,052

Deferred tax liabilities:

 

 

  

 

 

  

Depreciation

 

 

200

 

 

238

Amortization on loans FMV adjustment

 

 

52

 

 

60

Acquisition accounting adjustments

 

 

381

 

 

247

Deferred capital gain on branch sale

 

 

197

 

 

200

Other

 

 

121

 

 

125

Total deferred tax liabilities

 

 

951

 

 

870

Net deferred tax assets

 

$

2,912

 

$

4,182