Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income Tax

Income taxes were as follows for the years ended December 31:

	2016		2015			2014
Current	$	6,449	$	5,191		$	3,151
Deferred		170		(410	)		11
Income taxes	$	6,619	$	4,781		$	3,162

Effective Tax Rates Differ from Statutory Federal Income Tax Rate

Effective tax rates differ from the statutory federal income tax rate of 35% in 2016 and 34% in 2015 and 2014 due to the following:

	2016			2015			2014
Income taxes computed at the statutory federal tax rate	$	8,343		$	5,959		$	4,315
Add (subtract) tax effect of:
Nontaxable interest income, net of nondeductible interest expense		(946	)		(900	)		(824	)
Low income housing tax credit		(435	)		(303	)		(303	)
Cash surrender value of BOLI		(197	)		(159	)		(167	)
Other		(146	)		184			141
Income tax expense	$	6,619		$	4,781		$	3,162

Summary of Deferred Tax Assets and Liabilities

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

	2016			2015
Deferred tax assets
Allowance for loan losses	$	4,640		$	5,005
Deferred compensation		1,762			1,617
Intangible assets		187			224
Pension costs		277			232
Other		102			99
Deferred tax asset		6,968			7,177
Deferred tax liabilities
Tax depreciation in excess of book depreciation		(97	)		(95	)
Discount accretion on securities		(58	)		(59	)
Purchase accounting adjustments		(1,091	)		(1,340	)
FHLB stock dividends		(1,705	)		(1,705	)
Unrealized gain on securities available for sale		(1,035	)		(1,831	)
Other		(256	)		(200	)
Deferred tax liability		(4,242	)		(5,230	)
Net deferred tax asset	$	2,726		$	1,947