Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

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)	2013		2012
Federal - current provision	$	1,579	$	1,227
Federal - deferred provision		491		459
Total federal provision		2,070		1,686
State - current provision		599		216
State - deferred (benefit) provision		(102)		324
Total state provision		497		540
Total provision for income taxes	$	2,567	$	2,226

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

	For the years ended December 31,
(In thousands, except percentages)	2013			2012
Federal income tax provision at statutory rate	$	2,612		$	2,199
Increases (decreases) resulting from:
Bank owned life insurance		(118)			(100)
Tax-exempt interest		(156)			(161)
Meals and entertainment		14			17
State income taxes, net of federal income tax effect		328			356
Other, net		(113)			(85)
Provision for income taxes	$	2,567		$	2,226
Effective tax rate		33.4	%		34.4	%

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

(In thousands)	December 31, 2013		December 31, 2012
Deferred tax assets:
Allowance for loan losses	$	5,249	$	5,895
Lost interest on nonaccrual loans		802		717
Stock-based compensation		427		390
Depreciation		418		256
Net unrealized security losses		303		-
Deferred compensation		190		174
State net operating loss		138		-
Disallowed write-down on OREO properties		-		60
Other		95		102
Gross deferred tax assets		7,622		7,594
Valuation allowance		(113)		-
Total deferred tax assets		7,509		7,594
Deferred tax liabilities:
Net unrealized security gains		-		885
Deferred loan costs		318		354
Goodwill		326		286
Bond accretion		113		115
Other		-		-
Total deferred tax liabilities		757		1,640
Net deferred tax asset	$	6,752	$	5,954