Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Components of entity's net deferred tax assets (liabilities)

The components of the Company's net deferred tax assets (liabilities) were as follows (dollars in thousands):

	December 31,
	2018		2017
Deferred tax assets:
Allowance for loan losses	$	2,868	$	3,047
Nonaccrual loan interest	460		444
Other real estate owned valuation allowance	69		150
Deferred compensation	832		835
Net unrealized losses on securities	1,147		226
Acquisition accounting adjustments	734		934
Accrued pension liability	36		170
Other	420		488
Total deferred tax assets	6,566		6,294
Deferred tax liabilities:
Depreciation	759		761
Accretion of discounts on securities	24		24
Core deposit intangibles	208		267
Other	238		201
Total deferred tax liabilities	1,229		1,253
Net deferred tax assets	$	5,337	$	5,041

Provision for income taxes

The provision for income taxes consists of the following (dollars in thousands):

	Years Ended December 31,
	2018		2017		2016
Current tax expense	$	5,090	$	7,355	$	6,125
Deferred tax expense	556		724		882
Deferred tax asset adjustment for tax rate change	—		2,747		—
Total income tax expense	$	5,646	$	10,826	$	7,007

Reconciliation of the expected Federal income tax expense to reported income tax expense

A reconcilement of the "expected" Federal income tax expense to reported income tax expense is as follows (dollars in thousands):

	Years Ended December 31,
	2018			2017			2016
Expected federal tax expense	$	5,927		$	9,126		$	8,158
Tax impact from enacted change in tax rate	—			2,747			—
Nondeductible interest expense	69			85			94
Tax-exempt interest	(504		)	(949		)	(1,265		)
State income taxes	337			296			296
Other, net	(183		)	(479		)	(276		)
Total income tax expense	$	5,646		$	10,826		$	7,007