Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Income Tax

Income taxes were as follows.

	2014		2013
Current	$	3,151	$	11
Deferred		11		1,362
Income taxes	$	3,162	$	1,373

Effective Tax Rates Differ from Statutory Federal Income Tax Rate

Effective tax rates differ from the statutory federal income tax rate of 34% due to the following.

	2014			2013
Income taxes computed at the statutory federal tax rate	$	4,315		$	2,568
Add (subtract) tax effect of:
Nontaxable interest income, net of nondeductible interest expense		(824	)		(781	)
Low income housing tax credit		(303	)		(280	)
Cash surrender value of BOLI		(167	)		(189	)
Other		141			55
Income tax expense	$	3,162		$	1,373

Summary of Deferred Tax Assets and Liabilities

Year-end deferred tax assets and liabilities were due to the following.

	2014			2013
Deferred tax assets
Allowance for loan losses	$	4,851		$	5,620
Deferred compensation		1,386			1,223
Intangible assets		—			50
Pension costs		198			996
Impairment losses		—			146
Other		122			133
Deferred tax asset		6,557			8,168
Deferred tax liabilities
Tax depreciation in excess of book depreciation		(351	)		(466	)
Discount accretion on securities		(63	)		(77	)
Purchase accounting adjustments		(1,189	)		(1,465	)
FHLB stock dividends		(1,687	)		(2,249	)
Unrealized gain on securities available for sale		(1,922	)		(176	)
Other		(196	)		(174	)
Deferred tax liability		(5,408	)		(4,607	)
Net deferred tax asset	$	1,149		$	3,561