14. INCOME TAX EXPENSE (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Expense Tables

Components of the income tax expense

	2019			2018
Current expense	$	929		$	985
Deferred expense (benefit)		(1,179	)		55
Total deferred (benefit) expense		(1,179	)		55
Total Income Tax Expense (Benefit)	$	(250	)	$	1,041

Components of the deferred taxes

	2019		2018
Deferred Tax Assets:
Allowance for loan losses	$	1,757	$	1,096
Split Dollar Life Insurance		3		3
Nonqualified deferred compensation		692		564
Low income housing partnerships losses		320		279
Core deposit amortization		19		13
Other real estate owned		178		173
Lease Liability		192		-
Net unrealized loss on securities available for sale		2		25
Unfunded pension benefit obligation		852		1,030
Total Assets	$	4,015	$	3,183

	2019		2018
Deferred Tax Liabilities:
Unearned low income housing credits	$	118	$	158
Depreciation		487		403
Prepaid pension		464		849
Goodwill tax amortization		568		564
Right of Use Asset		192		-
Total Liabilities		1,829		1,974
Net Deferred Tax Asset (included in Other Assets on Balance Sheet)	$	2,186	$	1,209

Differences in actual income tax expense and the amounts computed using the federal statutory tax rates

	2019			2018
Tax expense at federal statutory rates	$	904		$	2,104
Increases (decreases) in taxes resulting from:
Partially tax-exempt income		(44	)		(49	)
Tax-exempt income		(161	)		(146	)
LIH and historic credits		(966	)		(900	)
Other		17			32
Total Income Tax Expense (Benefit)	$	(250	)	$	1,041