Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Federal Income Taxes [Abstract]

Schedule Of Deferred Tax Assets And Liabilities

(Dollars in thousands)	December 31
Deferred Tax Assets	2014		2013
Allowance for loan losses	$	3,098	$	3,299
Deferred compensation		1,041		1,015
Purchase accounting		21		50
Deferred loan fees and costs, net		160		160
Capital loss carryover		1,013		887
Other than temporary impairment of investments		369		538
Accumulated other comprehensive loss		1,597		2,420
AMT Credit		192		226
Other		750		1,062
		8,241		9,657
Valuation allowance		(1,200)		(1,250)
Total gross deferred tax assets		7,041		8,407
Deferred Tax Liabilities
Core deposit intangibles		61		184
Depreciation		233		184
Joint ventures and partnerships		39		53
Pension		2,331		2,425
Mortgage servicing rights		49		63
Customer list		-		53
Total gross deferred tax liabilities		2,713		2,962
Net deferred tax asset	$	4,328	$	5,445

Schedule Of Components Of Income Tax Expense (Benefit)

	For the Years Ended December 31
(Dollars in thousands)	2014		2013		2012
Current tax expense	$	1,712	$	947	$	145
Deferred tax expense (benefit)		294		348		367
Income tax provision	$	2,006	$	1,295	$	512

Schedule Of Effective Income Tax Rate Reconciliation

	For the Years Ended December 31
(Dollars in thousands)	2014		2013		2012
Tax provision at statutory rate	$	3,539	$	2,559	$	1,998
Income on tax-exempt loans and securities		(1,466)		(1,212)		(1,251)
Nondeductible interest expense relating to carrying  tax-exempt obligations		28		30		43
Dividends received exclusion		(7)		(15)		(17)
Income from bank owned life insurance		(163)		(185)		(217)
Life insurance proceeds		-		111		-
Other, net		75		7		(44)
Income tax provision	$	2,006	$	1,295	$	512
Effective income tax rate		19.3%		17.2%		8.7%