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Income Taxes (Tables) | 6 Months Ended
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Jun. 30, 2017
Income Tax Disclosure [Abstract] |
Schedule of Allocation of Federal and State Income Taxes between Current and Deferred Portions | Allocation of federal and state income taxes between current and deferred portions is as follows:
|  | For the three months ended |
|  | June 30, |
|  | 2017 |  |  | 2016 |
Current |  | $ | 4,047 |  |  | $ | 1,036 |
Deferred |  |  | 2,527 |  |  |  | 97 |
Total |  | $ | 6,574 |  |  | $ | 1,133 |
|  | For the six months ended |
|  |  |  |  |  | June 30, |
|  | 2017 |  |  | 2016 |
Current |  | $ | 4,047 |  |  | $ | 1,128 |
Deferred |  |  | 7,952 |  |  |  | 1,046 |
Total |  | $ | 11,999 |  |  | $ | 2,174 |
Schedule of Differences in Federal Income Tax Expense and State Tax Expense from Statutory Federal and State Rates | Federal income tax expense for the three and six months ended June 30, 2017 and 2016 differs from the statutory federal rate of 35% due to the following:
|  | For the three months ended |
|  | June 30, |
|  | 2017 |  |  | 2016 |
Federal taxes calculated at statutory rate |  | $ | 6,234 |  |  | $ | — |
Increase (decrease) resulting from: |  |  |  |  |  |  |  |
State taxes, net of federal benefit |  |  | 741 |  |  |  | 1,082 |
Benefit of equity based compensation |  |  | (1 | ) |  |  | — |
Other |  |  | (400 | ) |  |  | 51 |
Income tax expense, as reported |  | $ | 6,574 |  |  | $ | 1,133 |
|  | For the six months ended |
|  |  |  |  |  | June 30, |
|  | 2017 |  |  | 2016 |
Federal taxes calculated at statutory rate |  | $ | 11,539 |  |  | $ | — |
Increase (decrease) resulting from: |  |  |  |  |  |  |  |
State taxes, net of federal benefit |  |  | 1,351 |  |  |  | 2,083 |
Benefit of equity based compensation |  |  | (196 | ) |  |  | — |
Other |  |  | (695 | ) |  |  | 91 |
Income tax expense, as reported |  | $ | 11,999 |  |  | $ | 2,174 |
Schedule of Net Deferred Tax liability | The components of the net deferred tax liability at June 30, 2017 and December 31, 2016, are as follows:
|  | June 30, |  |  | December 31, |
|  | 2017 |  |  | 2016 |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for loan losses |  | $ | 9,103 |  |  | $ | 8,516 |
Amortization of core deposit intangible |  |  | 962 |  |  |  | 996 |
Compensation related |  |  | 5,648 |  |  |  | 7,552 |
Unrealized loss on securities |  |  | 1,066 |  |  |  | 2,462 |
Other |  |  | 2,279 |  |  |  | 2,430 |
Subtotal |  |  | 19,058 |  |  |  | 21,956 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
FHLB stock dividends |  |  | (827 | ) |  |  | (827 | )
Depreciation |  |  | (6,449 | ) |  |  | (6,548 | )
Mortgage servicing rights |  |  | (18,979 | ) |  |  | (12,558 | )
Other |  |  | (6,331 | ) |  |  | (6,203 | )
Subtotal |  |  | (32,586 | ) |  |  | (26,136 | )
Net deferred tax liability |  | $ | (13,528 | ) |  | $ | (4,180 | )

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- 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=65882285&loc=d3e32639-109319 + Details
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- 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=65882285&loc=d3e32537-109319 + Details
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- 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=65882285&loc=d3e32687-109319 + Details
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