FARMERS & MERCHANTS BANCORP INC | 2013 | FY | 3


Deferred tax assets and liabilities at December 31 are comprised of the following:

 

     (In Thousands)  
     2013     2012  

Deferred Tax Assets:

    

Allowance for loan losses

   $ 1,766      $ 1,776   

Other

     788        766   
  

 

 

   

 

 

 

Total deferred tax assets

     2,554        2,542   

Deferred Tax Liabilities:

    

Accreted discounts on bonds

     73        55   

FHLB stock dividends

     859        859   

Mortgage servicing rights

     702        701   

Other

     1,121        1,094   

Net unrealized gain on available- for-sale securities

     3        3,139   
  

 

 

   

 

 

 

Total deferred tax liabilities

     2,758        5,848   
  

 

 

   

 

 

 

Net Deferred Tax Liability

   $ (204   $ (3,306
  

 

 

   

 

 

 


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