FPTB » Topics » NOTE 9-INCOME TAXES

This excerpt taken from the FPTB 10-K filed Feb 28, 2007.

NOTE 9—INCOME TAXES

Allocation of federal and state income taxes between current and deferred portions is as follows:

 

     2006    2005    2004  

Current tax provision

        

Federal

   $ 1,734    $ 1,537    $ 3,106  

State

     631      519      1,049  
                      
     2,365      2,056      4,155  

Deferred tax (benefit) expense

        

Federal

     98      442      (209 )

State

     68      127      (60 )
                      
     166      569      (269 )
                      
   $ 2,531    $ 2,625    $ 3,886  
                      
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