Rendering
Component: (Network and Table) |
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Network | 2314301 - Disclosure - Income Taxes (Tables) (http://amnb.com/role/IncomeTaxesTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0000741516 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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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 |
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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 |
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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 |
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