Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Federal Income Taxes [Abstract]

Schedule Of Deferred Tax Assets And Liabilities

(Dollars in thousands)
Deferred Tax Assets	2018		2017
Allowance for loan losses	$	2,607	$	2,476
Deferred compensation		601		676
Purchase accounting		16		16
Deferred loan fees and costs, net		—		99
Capital loss carryover		34		173
Other than temporary impairment of investments		124		124
Net operating loss carryforward		1,787		—
Accumulated other comprehensive loss		1,696		1,603
Other		759		2,191
		7,624		7,358
Valuation allowance		(158)		(297)
Total gross deferred tax assets		7,466		7,061
Deferred Tax Liabilities
Depreciation		239		162
Joint ventures and partnerships		36		28
Pension		1,173		1,068
Deferred loan fees and costs, net		26		—
Total gross deferred tax liabilities		1,474		1,258
Net deferred tax asset	$	5,992	$	5,803

Schedule Of Components Of Income Tax Expense (Benefit)

	For the Years Ended December 31
(Dollars in thousands)	2018		2017		2016
Current tax (benefit) expense	$	(164)	$	4,396	$	2,134
Deferred tax benefit		(1)		(831)		(832)
Income tax provision	$	(165)	$	3,565	$	1,302

Schedule Of Effective Income Tax Rate Reconciliation

	For the Years Ended December 31
(Dollars in thousands)	2018		2017		2016
Tax provision at statutory rate	$	1,252	$	3,252	$	3,192
Income on tax-exempt loans and securities		(1,404)		(2,056)		(1,751)
Nondeductible interest expense relating to carrying  tax-exempt obligations		33		32		24
Revaluation of deferred tax assets		—		2,291		—
Income from bank owned life insurance		(108)		(171)		(210)
Stock option compensation		39		55		30
Other, net		23		162		17
Income tax provision	$	(165)	$	3,565	$	1,302
Effective income tax rate		(2.8%)		62.1%		13.9%