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