Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The provision for income taxes includes the following components at December 31, 2016 and 2015:

	2016			2015
	(In thousands)
Taxes currently payable	$	751		$	270
Deferred income taxes		(43	)		143
Income tax expense	$	708		$	413

Schedule of Reconciliation of Income Tax Expense

A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below:

	2016			2015
	(In thousands)
Computed at the statutory rate (34%)	$	972		$	668
Increase (decrease) resulting from
Tax-exempt interest		(196	)		(223	)
Earnings on bank-owned life insurance		(101	)		(100	)
Other		33			68
Actual tax expense	$	708		$	413

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences related to deferred taxes shown on the consolidated balance sheets were as follows:

	2016			2015
	(In thousands)
Deferred tax assets
Deferred loan origination fees	$	254		$	260
Allowance for loan losses		1,034			965
Real estate owned valuation		3			2
Pension adjustment		255			368
Reserve for uncollected interest		197			182
Benefit plan expenses		115			97
AMT credit carryover and low income           housing credit		—			12
Total deferred tax assets		1,858			1,886
Deferred tax liabilities
Prepaid pension		(154	)		(221	)
Federal Home Loan Bank stock dividends		(1,023	)		(1,023	)
Book/tax depreciation differences		(541	)		(560	)
Financed loan fees		(130	)		(129	)
Unrealized gains on securities available-or-sale		(55	)		(264	)
Mortgage servicing rights		(139	)		(125	)
Total deferred tax liabilities		(2,042	)		(2,322	)
Net deferred tax liability	$	(184	)	$	(436	)