XML 89 R60.htm IDEA: XBRL DOCUMENT v3.20.1
Income Taxes - Deferred Assets and Liabilities (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Deferred tax assets:    
Allowance for loan losses $ 5,350 $ 4,611
Supplemental Executive Retirement Plan (SERP) 1,459 1,321
OREO writedowns 480 1,191
Nonaccrued interest 466 296
Non-qualified stock options and restricted stock 59 39
Write-down on partnership investment 134 132
Unrealized loss 0 197
Other 84 0
Deferred tax assets 8,032 7,787
Valuation allowance (134) (132)
Deferred tax liabilities:    
Depreciation (106) (54)
Partnership income (67) (28)
Unrealized gain (29) 0
Deferred loan costs (1,249) (1,062)
Net deferred tax asset 6,447 6,511
Reconciliation of effective income tax rate with statutory federal rate [Abstract]    
At Federal statutory rate 8,415 7,017
Adjustments resulting from:    
State income taxes, net of Federal tax benefit 1,677 1,530
Non-controlling interest (94) (45)
Tax exempt income (11) (12)
BOLI (126) (129)
Stock compensation (9) (3)
Nondeductible expenses 1 0
Other (68) 19
Income tax expense $ 9,785 $ 8,377