XML 100 R72.htm IDEA: XBRL DOCUMENT v3.3.1.900
INCOME TAXES (Details) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Current [Abstract]      
State $ 216,000 $ 606,000 $ 395,000
Federal 3,668,000 5,366,000 3,548,000
Total current 3,884,000 5,972,000 3,943,000
Deferred expense/(benefit) 774,000 (2,263,000) (121,000)
Income tax expense 4,658,000 3,709,000 3,822,000
Reconciliation of income tax expense [Abstract]      
Tax computed at statutory rate 4,791,000 4,034,000 4,268,000
Tax-exempt interest (441,000) (456,000) (483,000)
Dividend exclusion (41,000) (60,000) (46,000)
State taxes, net of Federal impact 238,000 227,000 188,000
Nondeductible interest expense 8,000 8,000 11,000
Other items, net 103,000 (44,000) (116,000)
Income tax expense 4,658,000 3,709,000 3,822,000
Deferred tax assets:      
Allowance for loan losses 5,385,000 5,182,000  
Accrual for employee benefit plans 597,000 709,000  
Depreciation 1,553,000 1,010,000  
Deferred compensation and directors' fees 1,136,000 1,076,000  
Purchase accounting adjustment – deposits 37,000 65,000  
Purchase accounting adjustment – loans 130,000 259,000  
Purchase accounting adjustment - fixed assets 221,000 221,000  
Accounting for defined benefit pension and other benefit plans 6,975,000 6,624,000  
Trust preferred impairment write down 0 540,000  
Nonaccrued interest 868,000 617,000  
Accrued expense 0 1,580,000  
Other 288,000 456,000  
Total gross deferred tax assets 17,190,000 18,339,000  
Deferred tax liabilities:      
Deferred loan fees and costs 933,000 910,000  
Prepaid pension 4,609,000 5,179,000  
Net unrealized gains on securities available for sale 130,000 1,359,000  
Discount accretion 427,000 410,000  
Core deposit intangible 1,437,000 1,479,000  
Other 149,000 153,000  
Total gross deferred tax liabilities 7,685,000 9,490,000  
Net deferred tax asset 9,505,000 8,849,000  
Unrecognized tax benefits 0 0 0
Accrued interest or penalties related to uncertain tax positions $ 0 $ 0 $ 0