XML 60 R42.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 11 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended December 31 , |
|  | 201 7 |  |  | 201 6 |  |  | 201 5 |
|  | (In thousands ) |
Current : |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 59,433 |  |  | $ | 28,788 |  |  | $ | 31,587 |
State |  |  | 28,278 |  |  |  | 22,364 |  |  |  | 26,396 |
Total Current |  | $ | 87,711 |  |  | $ | 51,152 |  |  | $ | 57,983 |
Deferred : |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 31,818 |  |  |  | 11,775 |  |  | $ | 3,738 |
State |  |  | 2,736 |  |  |  | 4,174 |  |  |  | (1,734 | )
Total Deferred |  | $ | 34,554 |  |  | $ | 15,949 |  |  | $ | 2,004 |
Total income tax expense |  | $ | 122,265 |  |  | $ | 67,101 |  |  | $ | 59,987 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | As of December 31 , |
|  | 201 7 |  |  | 201 6 |
|  | (In thousands ) |
Deferred Tax Asset s |  |  |  |  |  |  |  |
Loan loss allowance, due to differences in computation of bad debts |  | $ | 37,157 |  |  | $ | 51,192 |
Share-based compensation |  |  | 2,630 |  |  |  | 4,729 |
Accrual for bonuses |  |  | 630 |  |  |  | 6,095 |
Non-accrual interest |  |  | 2,100 |  |  |  | 4,246 |
Write-down on equity securities and venture capital investments |  |  | 2,561 |  |  |  | 4,437 |
Depreciation and amortization |  |  | 1,564 |  |  |  | 8,334 |
State tax |  |  | 6,783 |  |  |  | 6,426 |
Unrealized loss on interest rate swaps |  |  | 1,158 |  |  |  | 1,763 |
Unrealized loss on securities available-for-sale, net |  |  | - |  |  |  | 1,121 |
Investment in affordable housing partnerships |  |  | 580 |  |  |  | - |
Basis difference in acquired assets |  |  | 1,676 |  |  |  | - |
Tax credits carried forward |  |  | 9,278 |  |  |  | - |
Net operating loss carried forward |  |  | 18,375 |  |  |  | - |
Other, net |  |  | 3,279 |  |  |  | 3,598 |
Gross deferred tax assets |  |  | 87,771 |  |  |  | 91,941 |
Deferred Tax Liabilities |  |  |  |  |  |  |  |
Deferred loan costs |  |  | (7,655 | ) |  |  | (8,695 | )
Investment in affordable housing partnerships |  |  | - |  |  |  | (2,659 | )
Basis difference in acquired assets |  |  | - |  |  |  | (4,841 | )
Dividends on Federal Home Loan Bank common stock |  |  | (1,021 | ) |  |  | (1,322 | )
Other, net |  |  | (3,758 | ) |  |  | (3,228 | )
Gross deferred tax liabilities |  |  | (12,434 | ) |  |  | (20,745 | )
Net deferred tax assets |  | $ | 75,337 |  |  | $ | 71,196 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended December 31 , |
|  | 201 7 |  |  | 201 6 |  |  | 201 5 |
|  | (Dollars in thousands ) |
Tax provision at Federal statutory rate |  | $ | 104,407 |  |  |  | 35.0 | % |  | $ | 84,770 |  |  |  | 35.0 | % |  | $ | 77,384 |  |  |  | 35.0 | %
State income taxes, net of Federal income tax benefit |  |  | 20,616 |  |  |  | 6.9 |  |  |  | 17,250 |  |  |  | 7.1 |  |  |  | 14,656 |  |  |  | 6.6 |
Deferred taxes write-down due to Tax Cuts and Jobs Act |  |  | 23,365 |  |  |  | 7.8 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Excess deduction for stock option and RSUs |  |  | (3,146 | ) |  |  | (1.0 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Non-taxable bargain purchase gain |  |  | (1,970 | ) |  |  | (0.7 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Low income housing and other tax credits |  |  | (20,656 | ) |  |  | (6.9 | ) |  |  | (37,901 | ) |  |  | (15.6 | ) |  |  | (30,986 | ) |  |  | (14.0 | )
Non-deductible stock options expense |  |  | - |  |  |  | - |  |  |  | 3,469 |  |  |  | 1.4 |  |  |  | - |  |  |  | - |
Other, net |  |  | (351 | ) |  |  | (0.1 | ) |  |  | (487 | ) |  |  | (0.2 | ) |  |  | (1,067 | ) |  |  | (0.5 | )
Total income tax expense |  | $ | 122,265 |  |  |  | 41.0 | % |  | $ | 67,101 |  |  |  | 27.7 | % |  | $ | 59,987 |  |  |  | 27.1 | %

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration