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Income Tax (Tables)
12 Months Ended
Dec. 31, 2012
Income Tax [Abstract]  
Reconciliation of Income Taxes
                         
    December 31
2012
    December 31
2011
    December 31
2010
 

Income tax expense

                       

Currently payable

                       

Federal

  $ 5,582     $ 4,034     $ 3,018  

State

    120       44       37  

Deferred

    2,744       108       (113
   

 

 

   

 

 

   

 

 

 

Total income tax expense

  $ 8,446     $ 4,186     $ 2,942  
   

 

 

   

 

 

   

 

 

 

Reconciliation of federal statutory to actual tax expense

                       

Federal statutory income tax at 34%

  $ 9,800     $ 5,774     $ 4,555  

Tax exempt interest

    (1,419     (1,416     (1,453

Tax exempt income

    (359     (457     (273

Nondeductible and other

    (177     216       81  

Effect of state income taxes

    601       69       32  
   

 

 

   

 

 

   

 

 

 

Actual tax expense

  $ 8,446     $ 4,186     $ 2,942  
   

 

 

   

 

 

   

 

 

 
       
Reconciliation of Deferred Tax Assets & Liabilities
    December 31
2012
    December 31
2011
       

Assets

                       

Allowance for loan losses

  $ 6,442     $ 7,079          

Net operating loss

    1,452       —            

Intangible assets

    2,151       —            

Director and employee benefits

    1,357       1,150          

Other

    581       534          

Total assets

    11,983       8,763          

Liabilities

                       

Depreciation

    (1,418     (1,545        

Difference in expense recognition

    (519     (66        

State tax

    (374     —            

Federal Home Loan Bank stock dividends

    (296     (272        

Difference in basis of intangible assets

    —         (1,843        

FHLB Penalty

    (748     (965        

Unrealized gain on securities available for sale

    (4,901     (4,222        

Other

    (580     (335        
   

 

 

   

 

 

         

Total liabilities

    (8,836     (9,248        
   

 

 

   

 

 

         

Net deferred tax asset (liability)

  $ 3,147     $ (485