XML 62 R43.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Provision for Income Taxes | The provision for income taxes for the years ended December 31 is comprised of the following components:
(In thousands) | 2021 |  | 2020 |  | 2019
Income taxes currently payable | $ | 50,369 |  |  | $ | 65,012 |  |  | $ | 29,354 |
Deferred income taxes | 10,937 |  |  | (122) |  |  | 34,911 |
Provision for income taxes | $ | 61,306 |  |  | $ | 64,890 |  |  | $ | 64,265 |
Schedule of Deferred Income Tax Assets and Liabilities | The tax effects of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows as of December 31, 2021 and 2020:
(In thousands) | 2021 |  | 2020
Deferred tax assets: |  |  |
Loans acquired | $ | 4,832 |  |  | $ | 10,100 |
Allowance for credit losses | 48,462 |  |  | 58,028 |
Valuation of foreclosed assets | 628 |  |  | 1,673 |
Tax NOLs from acquisition | 13,537 |  |  | 16,028 |
Deferred compensation payable | 3,426 |  |  | 3,060 |
Accrued equity and other compensation | 5,776 |  |  | 5,905 |
Acquired securities | 223 |  |  | 587 |
Right-of-use lease liability | 11,984 |  |  | 7,835 |
Unrealized loss on available-for-sale securities | 8,164 |  |  | — |
Allowance for unfunded commitments | 5,442 |  |  | 5,583 |
Other | 7,202 |  |  | 7,600 |
Gross deferred tax assets | 109,676 |  |  | 116,399 |
Deferred tax liabilities: |  |  |
Goodwill and other intangible amortization | (38,329) |  |  | (38,882) |
Accumulated depreciation | (26,347) |  |  | (34,667) |
Right-of-use lease asset | (11,871) |  |  | (7,813) |
Unrealized gain on available-for-sale securities | — |  |  | (17,521) |
Unrealized gain on swaps | (2,767) |  |  | — |
Other | (3,718) |  |  | (4,021) |
Gross deferred tax liabilities | (83,032) |  |  | (102,904) |
Net deferred tax asset | $ | 26,644 |  |  | $ | 13,495 |
Schedule of Reconciliation of Income Tax Expense | A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below for the years ended December 31:
(In thousands) | 2021 |  | 2020 |  | 2019
Computed at the statutory rate | $ | 69,807 |  |  | $ | 67,143 |  |  | $ | 63,442 |
Increase (decrease) in taxes resulting from: |  |  |  |  |
State income taxes, net of federal tax benefit | 4,452 |  |  | 6,402 |  |  | 5,860 |
Discrete items related to share-based compensation | (17) |  |  | 375 |  |  | (38) |
Tax exempt interest income | (11,510) |  |  | (6,726) |  |  | (4,390) |
Tax exempt earnings on bank owned life insurance | (1,212) |  |  | (1,214) |  |  | (852) |
Federal tax credits | (2,260) |  |  | (2,177) |  |  | (939) |
Other differences, net | 2,046 |  |  | 1,087 |  |  | 1,182 |
Actual tax provision | $ | 61,306 |  |  | $ | 64,890 |  |  | $ | 64,265 |

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

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration