XML 84 R70.htm IDEA: XBRL DOCUMENT v3.7.0.1
INCOME TAXES (Details)
3 Months Ended 12 Months Ended
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2016
USD ($)
Partnership
Dec. 31, 2015
USD ($)
Partnership
Dec. 31, 2014
USD ($)
Provision for income taxes [Abstract]                      
Currently payable                 $ 2,672,000 $ 2,913,000 $ 3,081,000
Deferred tax liability (asset)                 362,000 (192,000) 478,000
Provision for income taxes $ 789,000 $ 767,000 $ 687,000 $ 791,000 $ 521,000 $ 681,000 $ 779,000 $ 740,000 3,034,000 2,721,000 3,559,000
Deferred tax assets [Abstract]                      
Allowance for loan losses 4,518,000       4,238,000       4,518,000 4,238,000  
Deferred compensation 757,000       772,000       757,000 772,000  
Merger & acquisition costs 16,000       20,000       16,000 20,000  
Allowance for losses on available-for-sale securities 250,000       436,000       250,000 436,000  
Pensions and other retirement obligation 1,454,000       1,483,000       1,454,000 1,483,000  
Interest on non-accrual loans 1,259,000       1,001,000       1,259,000 1,001,000  
Incentive plan accruals 421,000       362,000       421,000 362,000  
Other real estate owned 152,000       136,000       152,000 136,000  
Low income housing tax credits 94,000       63,000       94,000 63,000  
NOL carry forward 709,000       950,000       709,000 950,000  
AMT Credit Carryforward 8,000       152,000       8,000 152,000  
Other 156,000       157,000       156,000 157,000  
Total 9,794,000       9,770,000       9,794,000 9,770,000  
Deferred tax liabilities [Abstract]                      
Premises and equipment (998,000)       (919,000)       (998,000) (919,000)  
Investment securities accretion (189,000)       (177,000)       (189,000) (177,000)  
Loan fees and costs (369,000)       (154,000)       (369,000) (154,000)  
Goodwill and core deposit intangibles (3,573,000)       (3,594,000)       (3,573,000) (3,594,000)  
Mortgage servicing rights (233,000)       (238,000)       (233,000) (238,000)  
Unrealized gains on available-for-sale securities (673,000)       (1,135,000)       (673,000) (1,135,000)  
Other (17,000)       (44,000)       (17,000) (44,000)  
Total (6,052,000)       (6,261,000)       (6,052,000) (6,261,000)  
Deferred tax asset, net 3,742,000       3,509,000       3,742,000 3,509,000  
Valuation allowance 0       0       0 0  
Total provision for income taxes reconciliation [Abstract]                      
Provision at statutory rates on pre-tax income                 5,328,000 4,878,000 5,761,000
Effect of tax-exempt income                 (1,943,000) (1,915,000) (1,865,000)
Low income housing tax credits                 (198,000) (198,000) (198,000)
Bank owned life insurance                 (234,000) (214,000) (172,000)
Nondeductible interest                 55,000 61,000 60,000
Nondeductible merger and acquisition expenses                 0 102,000 0
Other items                 26,000 7,000 (27,000)
Provision for income taxes 789,000 $ 767,000 $ 687,000 $ 791,000 521,000 $ 681,000 $ 779,000 $ 740,000 $ 3,034,000 $ 2,721,000 $ 3,559,000
Statutory tax rates                 34.00% 34.00% 34.00%
Effective tax rates                 19.40% 19.00% 21.00%
Minimum percentages of tax position liable to be realized upon ultimate settlement                 50.00%    
Liability for uncertain tax positions 0       0       $ 0 $ 0  
Unrecognized tax benefits 0       0       $ 0 $ 0  
Number of investments in Partnerships | Partnership                 4 4  
Investment amount in partnerships 700,000       $ 959,000       $ 700,000 $ 959,000  
Tax Credit Carryforward [Line Items]                      
Investment tax credits $ 846,000               846,000    
Amortization of investments in qualified affordable housing projects                 $ 259,000    
Investment Tax Credit Carryforward [Member]                      
Tax Credit Carryforward [Line Items]                      
Tax credits recognition period                 6 years    
Tax credits recognized as reduction of tax expense amount                 $ 198,000