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Taxes on Income - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Deferred tax assets:    
Credit losses not currently deductible $ 2,906 $ 1,837
Deferred compensation 1,506 1,438
Depreciation 256 180
Accrued reserves 109 120
Write-down on other real estate owned 291 89
Unrealized gain on retirement obligation 325 285
Unrealized gain (loss) on TRUPs 246 (91)
Interest on nonaccrual loans 443 336
Lease liability 875 1,021
Other 467 1,499
Total deferred tax assets 7,424 6,714
Deferred tax liabilities:    
State Tax (211) (196)
FHLB dividend (46) (46)
Loss on limited partnership investment (1,353) (1,014)
Deferred gain ASC 825 – fair value option (771) (462)
Fair value adjustments for purchase accounting (98) (98)
Deferred loan costs (689) (548)
Prepaid expenses (239) (241)
Unrealized (gain) loss on available for sale securities (265) 73
Right-of-use asset (845) (991)
Total deferred tax liabilities (4,517) (3,523)
Net deferred tax assets $ 2,907 $ 3,191