Income Tax (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Shedule of components of the provision for income taxes

	2014				2013				2012
Current income tax provision:
Federal		$	2,236			$	1,246			$	1,600
State			763				450				535
Total current			2,999				1,696				2,135
Deferred income tax provision (benefit):
Federal			(113	)			(132	)			330
State			20				99				70
Total deferred			(93	)			(33	)			400
Total provision for income taxes		$	2,906			$	1,663			$	2,535

Summary of source differences between income taxes at the federal statutory rate and provision for income taxes

	2014						2013						2012
				Percent						Percent						Percent
				of						of						of
				Pretax						Pretax						Pretax
	Amount			Income			Amount			Income			Amount			Income
Tax expense at statutory rate	$	3,178			34.0		$	2,178			34.0		$	2,905			34.0
Increase (decrease) in taxes resulting from:
Tax-exempt interest		(605	)		(6.5	)		(703	)		(11.0	)		(778	)		(9.1	)
Bank-owned life insurance		(137	)		(1.5	)		(137	)		(2.1	)		(138	)		(1.6	)
State income tax		517			5.6			362			5.7			399			4.7
Merger-related expenses		0			0.0			0			0.0			73			1.0
Other		(47	)		(0.5	)		(37	)		(0.6	)		74			1.0
Provision for income taxes	$	2,906			31.1		$	1,663			26.0		$	2,535			30.0

Schedule of net deferred tax assets

	2014		2013
Deferred tax assets:
Allowance for loan losses	$	2,467	$	2,579
Deferred compensation and directors’ fees		1,424		1,308
Foreclosed assets		248		352
Unrealized loss on interest rate swaps		128		171
Other		307		223
Gross deferred tax assets		4,574		4,633
Deferred tax liabilities:
Premises and equipment		705		769
Mortgage servicing rights		687		673
FHLB stock		120		120
Unrealized gain on securities available for sale		541		400
Deferred net loan origination costs		120		128
Prepaid expenses		88		139
Gross deferred tax liabilities		2,261		2,229
Net deferred tax asset	$	2,313	$	2,404

Schedule of income tax effects on items of comprehensive income (loss)

	2014						2013						2012
	Pretax			Income Tax			Pretax			Income Tax			Pretax			Income Tax
	Inc.(Exp.)			Exp.(Credit)			Inc.(Exp.)			Exp.(Credit)			Inc.(Exp.)			Exp.(Credit)
Unrealized gain (loss) on securities available for sale	$	693		$	273		$	(1,574	)	$	(613	)	($	310	)	$	(119	)
Reclassification adjustment for net security gain included in net income		(3	)		(1	)		(12	)		(5	)		0			0
Amortization of unrealized gain on securities available for sale transferred to securities held to maturity included in net income		(330	)		(130	)		(420			(184	)		(452	)		(178	)
Unrealized gain (loss) on interest rate swap		(73	)		(29	)		75			29			(295	)		(116	)
Reclassification adjustment of interest rate swap settlements included in earnings		188			74			186			73			172			68
Totals	$	475		$	187		$	(1,745	)	$	(700	)	$	(885	)	$	(345	)