Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Income Tax

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

	2018		2017		2016
Current	$	2,444	$	5,414	$	6,449
State		45		—		—
Deferred		151		435		170
Change in corporate tax rate		—		511		—
Income taxes	$	2,640	$	6,360	$	6,619

Effective Tax Rates Differ from Statutory Federal Income Tax Rate

Effective tax rates differ from the statutory federal income tax rate of 21% in 2018 and 35% in 2017 and 2016 due to the following:

	2018			2017			2016
Income taxes computed at the statutory federal tax    rate	$	3,524		$	7,781		$	8,343
Add (subtract) tax effect of:
Nontaxable interest income, net of nondeductible    interest expense		(834	)		(1,107	)		(946	)
Low income housing tax credit		(903	)		(686	)		(435	)
Cash surrender value of BOLI		(143	)		(201	)		(197	)
Nondeductible merger costs		1,034			—			—
Change in corporate tax rate		—			511			—
Other		(38	)		62			(146	)
Income tax expense	$	2,640		$	6,360		$	6,619

Summary of Deferred Tax Assets and Liabilities

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

	2018			2017
Deferred tax assets
Allowance for loan losses	$	3,056		$	2,848
Deferred compensation		1,217			1,213
Intangible assets		475			95
Purchase accounting adjustments		566			—
Net operating loss carryforward		1,374			—
Other		364			141
Deferred tax asset		7,052			4,297
Deferred tax liabilities
Tax depreciation in excess of book depreciation		(556	)		(275	)
Discount accretion on securities		(31	)		(43	)
Purchase accounting adjustments		—			(536	)
FHLB stock dividends		(1,053	)		(1,053	)
Unrealized gain on securities available for sale		(624	)		(847	)
Pension costs		(469	)		(293	)
Prepaids		(301	)		(320	)
BOLI		(337	)		—
Other		(271	)		(166	)
Deferred tax liability		(3,642	)		(3,533	)
Net deferred tax asset	$	3,410		$	764