| The deferred tax effects of temporary differences are as follows: | 2013 | 2012 | 2011 | |||||||||
| LIH Partnership Losses | $ | (72,955 | ) | $ | (44,640 | ) | $ | (43,906 | ) | |||
| Securities impairment | - | - | 961,648 | |||||||||
| Deferred Tax Asset Valuation Allowance | - | - | 385,496 | |||||||||
| Local & Historic State Credits Recognized | (67,594 | ) | (82,112 | ) | 44,533 | |||||||
| Provision for loan losses | 96,159 | (224,835 | ) | (135,662 | ) | |||||||
| Non-qualified deferred compensation | (64,140 | ) | (35,161 | ) | (50,456 | ) | ||||||
| Depreciation | 86,551 | (42,919 | ) | 51,534 | ||||||||
| Other real estate owned | (3,746 | ) | - | - | ||||||||
| Pension expense | 84,282 | 97,067 | 231,699 | |||||||||
| Goodwill tax amortization | 64,920 | 61,424 | 61,424 | |||||||||
| Secondary accrual on nonaccrual loans | 444,482 | (223,557 | ) | (114,231 | ) | |||||||
| Other | 899 | - | 459 | |||||||||
| Deferred Income Tax Expense (Benefit) | $ | 568,858 | $ | (494,733 | ) | $ | 1,392,538 |