Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The provision for income taxes consists of the following for the years ended December 31:

(Dollars in thousands)	2015		2014		2013
Current	$	2,564	$	2,393	$	2,196
Deferred		83		175		77
Total income tax provision	$	2,647	$	2,568	$	2,273

Income Tax Provision Attributable to Income from Operations

The income tax provision attributable to income from operations differs from the amounts computed by applying the statutory federal income tax rate of 34% to income before income taxes as follows:

(Dollars in thousands)	2015			2014			2013
Expected provision using statutory federal income tax rate	$	2,947		$	2,874		$	2,554
Tax-exempt income on state and municipal securities and political subdivision loans		(216	)		(188	)		(203	)
Interest expense associated with carrying certain state and municipal securities and political subdivision loans		4			4			6
Tax-exempt income on bank-owned life insurance		(92	)		(90	)		(86	)
Other		4			(32	)		2
Total income tax provision	$	2,647		$	2,568		$	2,273

Tax Effects of Temporary Differences of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities at December 31 are as follows:

(Dollars in thousands)	2015			2014
Allowance for loan losses	$	1,743		$	1,648
Net operating loss carryforward		213			341
Unrealized loss on securities available-for-sale		215			145
Other		41			41
Deferred tax assets		2,212			2,175
Premises and equipment		(359	)		(374	)
Federal Home Loan Bank stock dividends		(609	)		(609	)
Deferred loan fees		(326	)		(282	)
Prepaid expenses		(193	)		(159	)
Other		(361	)		(374	)
Deferred tax liabilities		(1,848	)		(1,798	)
Net deferred tax asset	$	364		$	377