Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes [Abstract]

Income Tax Expense

	December 31, 2016		December 31, 2015
Current Federal	$	187	$	58
Deferred Federal (1)		623		(3,251)
Total	$	810	$	(3,193)

(1) Includes tax benefit of operating loss carryforwards of $717 and $531 for the years ended December 31, 2016 and 2015.

Effective Tax Rates Differ from Federal Statutory Rate

	December 31, 2016		December 31, 2015
Federal Statutory rate times financial statement income (loss)	$	829	$	436
Effect of:
Incentive Stock Options		6		33
Bank owned life insurance income		(45)		(45)
Increase (decrease) in deferred tax valuation allowance		-		(3,656)
Other		20		39
	$	810	$	(3,193)
Effective tax rate		33%		-249%

Deferred Tax Assets and Liabilities

	2016		2015
Deferred tax assets:
Allowance for loan and lease losses	$	1,575	$	1,497
Compensation related issues		353		314
Deferred loan fees		155		118
AMT Credit		50		105
Nonaccrual interest		41		132
Net operating loss carry forward		863		1,580
Other		70		2
		3,107		3,748
Deferred tax liability:
FHLB stock dividend		366		366
Mortgage servicing rights		2		4
Depreciation		47		43
Prepaid expenses		63		78
Mark-to-market Loans		2		3
		480		494
Net deferred tax asset	$	2,627	$	3,254