Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income Tax

Income taxes were as follows:

	2015			2014		2013
Current	$	5,191		$	3,151	$	11
Deferred		(410	)		11		1,362
Income taxes	$	4,781		$	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:

	2015			2014			2013
Income taxes computed at the statutory federal tax rate	$	5,959		$	4,315		$	2,568
Add (subtract) tax effect of:
Nontaxable interest income, net of nondeductible interest expense		(900	)		(824	)		(781	)
Low income housing tax credit		(303	)		(303	)		(280	)
Cash surrender value of BOLI		(159	)		(167	)		(189	)
Other		184			141			55
Income tax expense	$	4,781		$	3,162		$	1,373

Summary of Deferred Tax Assets and Liabilities

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

	2015			2014
Deferred tax assets
Allowance for loan losses	$	5,005		$	4,851
Deferred compensation		1,617			1,386
Intangible assets		224			—
Pension costs		232			198
Other		99			122
Deferred tax asset		7,177			6,557
Deferred tax liabilities
Tax depreciation in excess of book depreciation		(95	)		(351	)
Discount accretion on securities		(59	)		(63	)
Purchase accounting adjustments		(1,340	)		(1,189	)
FHLB stock dividends		(1,705	)		(1,687	)
Unrealized gain on securities available for sale		(1,831	)		(1,922	)
Other		(200	)		(196	)
Deferred tax liability		(5,230	)		(5,408	)
Net deferred tax asset	$	1,947		$	1,149