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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The following table presents the components of income tax expense of continuing operations for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2020 |  | 2019 |  | 2018
Current income taxes: |  |  |  |  |  |
Federal |  | $ | 7,332 |  |  | $ | 3,900 |  |  | $ | 5,720 |
State |  | 3,713 |  |  | 941 |  |  | 5,035 |
Total current income tax expense |  | 11,045 |  |  | 4,841 |  |  | 10,755 |
Deferred income taxes: |  |  |  |  |  |
Federal |  | (5,663) |  |  | (1,492) |  |  | (4,418) |
State |  | (3,596) |  |  | 870 |  |  | (1,493) |
Total deferred income tax benefit |  | (9,259) |  |  | (622) |  |  | (5,911) |
Income tax expense |  | $ | 1,786 |  |  | $ | 4,219 |  |  | $ | 4,844 |
Schedule of Effective Income Tax Rate Reconciliation | The following table presents a reconciliation of the recorded income tax expense of continuing operations to the amount of taxes computed by applying the applicable statutory Federal income tax rate of 21.0% to income from continuing operations before income taxes for the years ended December 31, 2020, 2019, and 2018:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Computed expected income tax expense (benefit) at Federal statutory rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increase (decrease) resulting from: |  |  |  |  |  |
Proportional amortization |  | 24.1 | % |  | 12.6 | % |  | 4.3 | %
Other permanent book-tax differences |  | 1.9 | % |  | (2.4) | % |  | 0.4 | %
State tax expense, net of federal benefit |  | 0.6 | % |  | 5.1 | % |  | 5.9 | %
Income tax credits (investment tax credits and other) |  | (30.6) | % |  | (20.0) | % |  | (23.2) | %
Bank owned life insurance policies |  | (3.6) | % |  | (1.7) | % |  | (1.0) | %
Equity compensation shortfall (windfall) tax impact |  | 2.2 | % |  | 0.6 | % |  | (0.5) | %
Reserve for uncertain tax positions |  | (0.9) | % |  | (1.0) | % |  | 0.1 | %
Other, net |  | (2.3) | % |  | 0.9 | % |  | 3.3 | %
Effective tax rates |  | 12.4 | % |  | 15.1 | % |  | 10.3 | %
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,
($ in thousands) |  | 2020 |  | 2019 |  |
Deferred tax assets: |  |  |  |  |  |
Allowance for loan losses |  | $ | 24,032 |  |  | $ | 15,874 |  |  |
Stock-based compensation expense |  | 2,182 |  |  | 2,222 |  |  |
Accrued expenses |  | 4,168 |  |  | 3,831 |  |  |
Loan repurchase reserve |  | 1,625 |  |  | 1,826 |  |  |
Federal net operating losses |  | 272 |  |  | 372 |  |  |
State net operating losses |  | 686 |  |  | 725 |  |  |
Federal income tax credits |  | 30,225 |  |  | 30,661 |  |  |
Unrealized loss on securities available-for-sale |  | — |  |  | 4,968 |  |  |
Deferred loan fees |  | 1,998 |  |  | 2,104 |  |  |
Amortization of intangible assets |  | 1,198 |  |  | 1,248 |  |  |
Prior year state tax deduction |  | 443 |  |  | 85 |  |  |
Lease liability |  | 6,082 |  |  | 6,978 |  |  |
Other deferred tax assets |  | 2,824 |  |  | 2,835 |  |  |
Total deferred tax assets |  | 75,735 |  |  | 73,729 |  |  |
Deferred tax liabilities: |  |  |  |  |  |
Unrealized gain on securities available-for-sale |  | (3,236) |  |  | — |  |  |
Investments in partnerships |  | (8,139) |  |  | (7,455) |  |  |
Mortgage servicing rights |  | (167) |  |  | (341) |  |  |
Deferred loan costs |  | (5,154) |  |  | (6,623) |  |  |
Depreciation on premises and equipment |  | (5,618) |  |  | (5,796) |  |  |
Right of use asset |  | (5,784) |  |  | (6,638) |  |  |
Other deferred tax liabilities |  | (1,680) |  |  | (1,970) |  |  |
Total deferred tax liabilities |  | (29,778) |  |  | (28,823) |  |  |
Valuation allowance |  | — |  |  | — |  |  |
Net deferred tax assets |  | $ | 45,957 |  |  | $ | 44,906 |  |  |
Schedule of Unrecognized Tax Benefits Roll Forward | The table below summarizes the activity related to our unrecognized tax benefits for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2020 |  | 2019 |  | 2018
Beginning balance |  | $ | 977 |  |  | $ | 1,227 |  |  | $ | 1,047 |
Increase related to prior year tax positions |  | — |  |  | — |  |  | — |
Decrease related to prior year tax positions |  | (6) |  |  | (101) |  |  | — |
Increase in current year tax positions |  | 120 |  |  | 120 |  |  | 180 |
Decrease related to lapsing of statute of limitations |  | (167) |  |  | (269) |  |  | — |
Ending balance |  | $ | 924 |  |  | $ | 977 |  |  | $ | 1,227 |

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