Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2014
Income Taxes [Abstract]  
Provision For Income Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2014

 

2013

 

2012

Current tax provision

 

 

 

 

 

 

 Federal

$
4,204 

$
4,042 

$
2,486 

 State

 
387 

 
312 

 
232 

   Total current tax provision

 
4,591 

 
4,354 

 
2,718 

 

 

 

 

 

 

 

Deferred tax expense (benefit)

 

 

 

 

 

 

 Federal

 
141 

 
(383)

 
419 

 State

 
(64)

 
(54)

 
(34)

   Total deferred tax expense (benefit)

 
77 

 
(437)

 
385 

 Total tax provision

$
4,668 

$
3,917 

$
3,103 

 

Summary Of Effective Income Tax Rate And The Federal Statutory Income Tax Rate

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

Statutory tax rate
35.0 

%
35.0 

%
34.0 

%

Increase (decrease) resulting from:

 

 

 

 

 

 

 Low-income housing credits
(0.5)

 
(0.9)

 
(1.8)

 

 Tax-exempt interest income
(5.1)

 
(6.3)

 
(7.5)

 

 Bank owned life insurance income

(1.5)

 
(1.7)

 
(1.7)

 

 State income taxes, net of federal tax benefit
1.3 

 
1.2 

 
1.1 

 

 Other, net
(0.8)

 
(0.3)

 
0.7 

 

Effective income tax rate
28.4 

%
27.0 

%
24.8 

%

 

Summary Of Deferred Tax Assets And Liabilities

 

 

 

 

 

 

(dollars in thousands)

 
2014 

 

 
2013 

Deferred tax assets

 

 

 

 

 

 Allowance for loan losses

$
4,145 

 

$
3,579 

 Deferred compensation

 
1,578 

 

 
1,468 

 Low-income housing partnerships

 
542 

 

 
567 

 Foreclosed real estate

 
626 

 

 
1,419 

 Other

 
438 

 

 
313 

   Total deferred tax assets

$
7,329 

 

$
7,346 

 

 

 

 

 

 

Deferred tax liabilities

 

 

 

 

 

 Deferred loan fees

$
523 

 

$
424 

 Depreciation

 
384 

 

 
422 

 Net unrealized gains on available-for-sale securities

 
1,374 

 

 
1,119 

 Other

 
299 

 

 
300 

   Total deferred tax liabilities

$
2,580 

 

$
2,265 

Net deferred tax assets

$
4,749 

 

$
5,081