Income Tax Expense (Benefit) (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Expense (Benefit) [Abstract]

Schedule Of Components Of Income Tax Expense

(Dollars are in thousands)		2013		2012
Current benefit	$	(14)	$	(48)
Deferred tax expense (benefit)	(57)		2,453
Net income tax expense (benefit)	$	(71)	$	2,405

Schedule Of Net Deferred Tax Assets And Liabilities

(Dollars are in thousands)	2013			2012
Deferred Tax Assets
Allowance for loan losses	$	4,447	$	5,715
Deferred compensation	138		126
Accrued employee benefits	49		49
Bank owned life insurance	42		-
Nonaccrual loan interest	535		79
Other real estate owned	1,217		1,551
Repossessions	34		47
Amortization of core deposits	153		156
Amortization of goodwill	794		888
Capitalized interest and repair expense	46		47
Net operating loss carryforward	5,480		4,640
AMT carryforward	252		252
Unrealized loss on securities available for sale	494		-
Total Assets, gross	13,681			13,550
Valuation allowance	(6,352)			(6,780)
Total Assets, net	7,329			6,770
Deferred Tax Liabilities
Accelerated depreciation	1,409		1,601
Prepaid expenses	209		182
Deferred loan costs	265		92
Unrealized gain on securities available for sale	-		209
Total Liabilities, gross	1,883			2,084
Net Deferred Tax Asset	$	5,446	$	4,686

Schedule Of Reconciliation Of Income Tax Expense

(Dollars are in thousands)		2013		2012
Income tax expense (benefit) at the applicable federal rate	$	480	$	(1,332)
Permanent differences resulting from:
Nondeductible expenses		8		7
Tax exempt interest income		(49)		(68)
State income taxes less federal tax effect		10		31
Bank owned life insurance		(44)		(133)
Deferred tax valuation allowance change, net		(428)		4,057
Other adjustments		(48)		(157)
Income tax expense (benefit)	$	(71)	$	2,405