Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

INCOME TAXES [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

(Dollars in thousands)	2019		2018
Current tax expense:
Federal	$	3,974	$	4,110
State		1,395		1,167
		5,369		5,277
Deferred income tax (benefit) expense:
Federal		122		(120)
State		119		223
		241		103
Total income tax expense	$	5,610	$	5,380

Schedule of Effective Income Tax Rate Reconciliation

	2019		2018
Tax at federal statutory rate	21	%	21	%
Tax effect of:
Tax-exempt income	(1.0)		(0.5)
State income taxes, net of federal benefit	5.5		5.2
Other	0.1		(0.3)
Actual income tax expense rate	25.6	%	25.4	%

Schedule of Deferred Tax Assets and Liabilities

(Dollars in thousands)	2019		2018
Deferred tax assets:
Allowance for credit losses	$	2,850	$	2,797
Write-downs of other real estate owned		9		273
Nonaccrual loan interest		353		260
Unrealized losses on available-for-sale securities		—		1,105
Unrealized losses on available-for-sale securities transferred to held to maturity		4		12
Other		735		605
Total deferred tax assets		3,951		5,052
Less valuation allowance		(63)		—
Deferred tax assets net of valuation allowance		3,888		5,052
Deferred tax liabilities:
Depreciation		198		238
Acquisition accounting adjustments		508		247
Deferred capital gain on branch sale		194		200
Unrealized gains on available-for-sale securities		74		—
Other		160		185
Total deferred tax liabilities		1,134		870
Net deferred tax assets	$	2,754	$	4,182