Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense for the years ended December 31, 2015 and 2014, were as follows:

	2015		2014
Provision for income taxes
Current	$	4,372	$	829
Deferred	501		1,102
Total provision for income tax	$	4,873	$	1,931

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the effective income tax rate with the federal statutory tax rates at December 31, 2015 and 2014 was as follows:

	2015					2014
	Amount			Rate		Amount			Rate
Income tax provision at statutory rate	$	4,881		35.5	%	$	2,200		34.0	%
Tax exempt income	(618		)	(4.5	)	(124		)	(1.9	)
Increase/(decrease) in tax resulting from other items	270			1.9		(191		)	(3.0	)
ESOP	340			2.5		46			0.7
Total	$	4,873		35.4	%	$	1,931		29.8	%

Schedule of Deferred Tax Assets and Liabilities

Total deferred tax assets and liabilities at December 31, 2015 and 2014 were as follows:

	2015			2014
Deferred Tax Assets
Allowance for loan losses	$	1,274		$	783
Non-accrued loan interest	12			4
Restricted stock awards	25			49
Non-qualified stock options	115			51
Other	577			176
Total deferred tax assets	2,003			1,063
Deferred Tax Liabilities
Loan origination costs	(996		)	(670		)
Servicing rights	(2,063		)	(1,035		)
Prepaids	(65		)	(53		)
Stock dividend - FHLB stock	(2		)	(2		)
Securities available-for-sale	(43		)	(60		)
Property, plant, and equipment	(127		)	(52		)
Total deferred tax liabilities	(3,296		)	(1,872		)
Net deferred tax liabilities	$	(1,293	)	$	(809	)