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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The following table presents the components of income tax (benefit) expense for the periods indicated:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Current income taxes: |  |  |  |  |
Federal | $ | 27,555 |  |  | $ | 11,070 |  |  | $ | 400 |
State | 7,360 |  |  | 2,348 |  |  | 19 |
Total current income tax expense | 34,915 |  |  | 13,418 |  |  | 419 |
Deferred income taxes: |  |  |  |  |
Federal | 4,754 |  |  | (235 | ) |  | 2,646 |
State | 2,525 |  |  | 762 |  |  | 858 |
Total deferred income tax expense | 7,279 |  |  | 527 |  |  | 3,504 |
Change in valuation allowance | — |  |  | (17,684 | ) |  | 4,069 |
Income tax expense (benefit) | $ | 42,194 |  |  | $ | (3,739 | ) |  | $ | 7,992 |
Schedule of Effective Income Tax Rate Reconciliation | The following table presents a reconciliation of the recorded income tax expense (benefit) to the amount of taxes computed by applying the applicable statutory Federal income tax rate of 35 percent to earnings or loss before income taxes for the years ended December 31, 2015 and 2014 and the applicable statutory Federal income tax rate of 34 percent to earnings or loss before income taxes for the year ended December 31, 2013:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Computed expected income tax expense (benefit) at Federal statutory rate | 35.0 | % |  | 35.0 | % |  | 34.0 | %
Increase (decrease) resulting from: |  |  |  |  |
Proportional amortization | 0.7 | % |  | 2.1 | % |  | 6.8 | %
Other permanent book-tax differences | (0.4 | )% |  | 0.3 | % |  | 3.4 | %
State tax expense, net of federal benefit | 6.2 | % |  | 8.1 | % |  | 7.2 | %
Income tax credits | (0.6 | )% |  | — | % |  | — | %
Change in valuation allowance | — | % |  | (66.8 | )% |  | 51.5 | %
Federal effect of state tax deferred due to the change in valuation allowance | — | % |  | 7.2 | % |  | — | %
Other, net | (0.4 | )% |  | — | % |  | (1.8 | )%
Effective tax rates | 40.5 | % |  | (14.1 | )% |  | 101.1 | %
Schedule of Deferred Tax Assets and Liabilities | The following table presents the tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of the dates indicated:
| December 31,
| 2015 |  | 2014
| (In thousands)
Deferred tax assets: |  |  |
Allowance for loan and lease losses | $ | 20,684 |  |  | $ | 17,923 |
Stock options and awards | 4,660 |  |  | 3,991 |
Accrued expenses | 2,090 |  |  | 2,898 |
Valuation allowance on other real estate owned | 29 |  |  | 13 |
Reserve for loss on repurchased loans | 4,028 |  |  | 3,491 |
Federal net operating losses | 1,328 |  |  | 1,494 |
State net operating losses | 869 |  |  | 973 |
Federal credits | 10 |  |  | 10 |
Unrealized loss on securities available-for-sale | 2,177 |  |  | — |
Other deferred tax assets | 10,690 |  |  | 2,374 |
Total deferred tax assets | 46,565 |  |  | 33,167 |
Deferred tax liabilities: |  |  |
Unrealized gain on securities available-for-sale | — |  |  | (307 | )
Derivative instruments adjustment | (3,409 | ) |  | (1,421 | )
Mortgage servicing rights | (20,735 | ) |  | (8,023 | )
FHLB stock dividends | (564 | ) |  | (571 | )
Intangible amortization | (857 | ) |  | (3,595 | )
Other deferred tax liabilities | (9,659 | ) |  | (2,877 | )
Total deferred tax liabilities | (35,224 | ) |  | (16,794 | )
Valuation allowance | — |  |  | — |
Net deferred tax assets | $ | 11,341 |  |  | $ | 16,373 |
Schedule of Unrecognized Tax Benefits Roll Forward | The table below summaries the activity related to our unrecognized tax benefits:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Beginning balance | $ | 5,421 |  |  | $ | 2,203 |  |  | $ | — |
(Decrease) increase related to prior year tax positions | (5,421 | ) |  | 369 |  |  | 345 |
Increase in current year tax positions | — |  |  | 2,849 |  |  | 1,858 |
Ending balance | $ | — |  |  | $ | 5,421 |  |  | $ | 2,203 |

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