Rendering

Component: (Network and Table)
Network
2314301 - Disclosure - Income Taxes (Tables)
(http://amnb.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Components of entity's net deferred tax assets (liabilities)
The components of the Company's net deferred tax assets (liabilities) were as follows (dollars in thousands):
 
December 31,
 
2016
 
2015
Deferred tax assets:
 
 
 
Allowance for loan losses
$
4,480

 
$
4,410

Nonaccrual loan interest
610

 
576

Other real estate owned valuation allowance
199

 
360

Deferred compensation
1,335

 
1,353

Net unrealized losses on securities
81

 

Acquisition accounting adjustments
3,215

 
4,641

Accrued pension liability
100

 

Other
796

 
840

Total deferred tax assets
10,816

 
12,180

 
 
 
 
Deferred tax liabilities:
 
 
 
Depreciation
1,030

 
951

Accretion of discounts on securities
113

 
320

Core deposit intangibles
602

 
939

Net unrealized gains on securities

 
2,219

Prepaid pension expense

 
9

Trust preferred fair value adjustment
581

 
616

Other
243

 
239

Total deferred tax liabilities
2,569

 
5,293

Net deferred tax assets
$
8,247

 
$
6,887

 
 
Provision for income taxes
The provision for income taxes consists of the following (dollars in thousands):
 
Years Ended December 31,
 
2016
 
2015
 
2014
Current tax expense
$
6,125

 
$
4,279

 
$
5,153

Deferred tax expense
882

 
1,741

 
49

Total income tax expense
$
7,007

 
$
6,020

 
$
5,202

 
 
A reconcilement of the "expected" Federal income tax expense to reported income tax expense
A reconcilement of the "expected" Federal income tax expense to reported income tax expense is as follows (dollars in thousands):
 
Years Ended December 31,
 
2016
 
2015
 
2014
Expected federal tax expense
$
8,158

 
$
7,371

 
$
6,280

Nondeductible interest expense
94

 
78

 
63

Tax-exempt interest
(1,265
)
 
(1,338
)
 
(1,370
)
State income taxes
296

 
222

 
405

Other, net
(276
)
 
(313
)
 
(176
)
Total income tax expense
$
7,007

 
$
6,020

 
$
5,202