Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the provision for income taxes for the past two years are as follows:

	For the years ended December 31,
(In thousands)	2012		2011
Federal - current provision	$	1,227	$	775
Federal - deferred provision (benefit)		459		(335)
Total federal provision		1,686		440
State - current provision (benefit)		216		(10)
State - deferred provision		324		339
Total state provision		540		329
Total provision for income taxes	$	2,226	$	769

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	For the years ended December 31,
(In thousands, except percentages)	2012			2011
Federal income tax provison at statutory rate	$	2,199		$	1,127
Increases (decreases) resulting from:
Bank owned life insurance		(100)			(100)
Tax-exempt interest		(161)			(155)
Meals and entertainment		17			16
Reversal of valuation reserve		-			(323)
State income taxes, net of federal income tax effect		356			217
Other, net		(85)			(13)
Provision for income taxes	$	2,226		$	769
Effective tax rate		34.4	%		23.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(In thousands)	December 31, 2012		December 31, 2011
Deferred tax assets:
Allowance for loan losses	$	5,895	$	6,529
Lost interest on nonaccrual loans		717		1,011
Stock-based compensation		390		329
Depreciation		256		199
Deferred compensation		174		150
Disallowed writedowns on OREO properties		60		-
State net operating loss		-		112
Net unrealized cash flow hedge losses		-		17
Other		102		69
Total deferred tax assets		7,594		8,416
Deferred tax liabilities:
Net unrealized security gains		885		760
Deferred loan costs		354		464
Goodwill		286		246
Bond accretion		115		68
Total deferred tax liabilities		1,640		1,538
Net deferred tax asset	$	5,954	$	6,878