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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of income tax expense (benefit)

Income tax expense for the years ended December 31, 2019, 2018 and 2017 consists of the following:

    Year ended December 31  
(Dollars in thousands)   2019     2018     2017  
Current                        
Federal   $ 2,299     $ 2,244     $ 1,665  
State     541       351       92  
      2,840       2,595       1,757  
Deferred                        
Federal     18       99       1,573  
State                  
      18       99       1,573  
Income tax expense   $ 2,858     $ 2,694     $ 3,330  
                         
Schedule of reconciliation from expected federal tax expense to effective income tax expense (benefit)

Reconciliation from expected federal tax expense to effective income tax expense (benefit) for the periods indicated are as follows:

    Year ended December 31  
(Dollars in thousands)   2019     2018     2017  
Expected federal income tax expense   $ 2,904     $ 2,924     $ 3,109  
State income tax net of federal benefit     427       277       61  
Tax exempt interest     (293 )     (353 )     (593 )
Increase in cash surrender value life insurance     (144 )     (152 )     (212 )
Valuation allowance     52       68       216  
Merger expenses                 92  
Low income housing tax credits                 (186 )
Excess tax benefit of stock compensation     (56 )     (12 )     (197 )
Deferred tax adjustment resulting from tax rate change                 1,247  
Other     (32 )     (58 )     (207 )
    $ 2,858     $ 2,694     $ 3,330  
                         
Schedule of summary of the tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities

The following is a summary of the tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities:

    December 31,  
(Dollars in thousands)   2019     2018  
Assets:                
Allowance for loan losses   $ 1,426     $ 1,353  
Excess tax basis of deductible intangible assets     261       391  
Excess tax basis of assets acquired           8  
Net operating loss carry forward     794       852  
Unrealized loss on available-for-sale securities           471  
Compensation expense deferred for tax purposes     1,054       1,015  
Deferred loss on other-than-temporary-impairment charges     5       5  
Tax credit carry-forwards     74       4  
Other     397       438  
Total deferred tax asset     4,011       4,537  
Valuation reserve     825       773  
Total deferred tax asset net of valuation reserve     3,186       3,764  
Liabilities:                
Tax depreciation in excess of book depreciation     303       310  
Excess financial reporting basis of assets acquired     1,057       1,139  
Unrealized gain on available-for-sale securities     811        
Total deferred tax liabilities     2,171       1,449  
Net deferred tax asset recognized   $ 1,015     $ 2,315