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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
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) |  | 2022 |  | 2021 |  | 2020
Current income taxes: |  |  |  |  |  |
Federal |  | $ | 13,290 |  |  | $ | 7,966 |  |  | $ | 7,332 |
State |  | 15,577 |  |  | 6,466 |  |  | 3,713 |
Total current income tax expense |  | 28,867 |  |  | 14,432 |  |  | 11,045 |
Deferred income taxes: |  |  |  |  |  |
Federal |  | 17,992 |  |  | 4,950 |  |  | (5,663) |
State |  | 1,086 |  |  | 894 |  |  | (3,596) |
Total deferred income tax expense (benefit) |  | 19,078 |  |  | 5,844 |  |  | (9,259) |
Income tax expense |  | $ | 47,945 |  |  | $ | 20,276 |  |  | $ | 1,786 |
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, 2022, 2021, and 2020:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Computed expected income tax expense at Federal statutory rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increase (decrease) resulting from: |  |  |  |  |  |
Proportional amortization |  | 2.2 | % |  | 4.3 | % |  | 24.1 | %
Income tax credits (investment tax credits and other) |  | (2.8) | % |  | (5.5) | % |  | (30.6) | %
Other permanent book-tax differences |  | 0.5 | % |  | 0.9 | % |  | 1.9 | %
State tax expense, net of federal benefit |  | 7.8 | % |  | 7.0 | % |  | 0.6 | %
Bank owned life insurance policies |  | (0.4) | % |  | (0.7) | % |  | (3.6) | %
Equity compensation (windfall) shortfall tax impact |  | (0.1) | % |  | (2.2) | % |  | 2.2 | %
Reserve for uncertain tax positions |  | — | % |  | — | % |  | (0.9) | %
Other, net |  | 0.2 | % |  | (0.3) | % |  | (2.3) | %
Effective tax rates |  | 28.4 | % |  | 24.5 | % |  | 12.4 | %
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) |  | 2022 |  | 2021 |  |
Deferred tax assets: |  |  |  |  |  |
Allowance for loan losses |  | $ | 27,207 |  |  | $ | 29,746 |  |  |
Stock-based compensation expense |  | 1,427 |  |  | 1,181 |  |  |
Accrued expenses |  | 3,180 |  |  | 6,198 |  |  |
Loan repurchase reserve |  | 864 |  |  | 1,256 |  |  |
Federal net operating losses |  | 73 |  |  | 172 |  |  |
State net operating losses |  | 1,950 |  |  | 2,762 |  |  |
Federal income tax credits |  | 2,452 |  |  | 23,045 |  |  |
Unrealized loss on securities available-for-sale |  | 16,488 |  |  | — |  |  |
Deferred loan fees |  | 1,580 |  |  | 1,692 |  |  |
Prior year state tax deduction |  | 3,155 |  |  | 1,648 |  |  |
Lease liability |  | 9,577 |  |  | 11,752 |  |  |
Other deferred tax assets |  | 4,810 |  |  | 4,897 |  |  |
Total deferred tax assets |  | 72,763 |  |  | 84,349 |  |  |
Deferred tax liabilities: |  |  |  |  |  |
Unrealized gain on securities available-for-sale |  | — |  |  | (3,172) |  |  |
Investments in partnerships |  | (2,130) |  |  | (8,857) |  |  |
Mortgage servicing rights |  | (165) |  |  | (130) |  |  |
Amortization of intangible assets |  | (78) |  |  | (47) |  |  |
Deferred loan costs |  | (5,100) |  |  | (4,577) |  |  |
Depreciation on premises and equipment |  | (6,336) |  |  | (4,916) |  |  |
Right of use asset |  | (8,322) |  |  | (10,240) |  |  |
Other deferred tax liabilities |  | (114) |  |  | (1,636) |  |  |
Total deferred tax liabilities |  | (22,245) |  |  | (33,575) |  |  |
Valuation allowance |  | — |  |  | — |  |  |
Net deferred tax assets |  | $ | 50,518 |  |  | $ | 50,774 |  |  |
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) |  | 2022 |  | 2021 |  | 2020
Beginning balance |  | $ | 925 |  |  | $ | 924 |  |  | $ | 977 |
Decrease related to prior year tax positions |  | (60) |  |  | (59) |  |  | (6) |
Increase in current year tax positions |  | — |  |  | 60 |  |  | 120 |
Decrease related to lapsing of statute of limitations |  | (49) |  |  | — |  |  | (167) |
Ending balance |  | $ | 816 |  |  | $ | 925 |  |  | $ | 924 |

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