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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Summary Of Deferred Tax Assets And Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):
| 2019 | 2018
Allowance for loan losses | $ | 2,708 |  | $ | 3,742 |
Deferred compensation payable | 2,912 |  | 2,734 |
Underfunded pension liability | 1,912 |  | 1,794 |
Accrued expenses | 1,196 |  | 2,276 |
Impaired asset losses | 703 |  | 1,201 |
Unrealized securities losses | — |  | 1,871 |
Intangible assets | 479 |  | 783 |
Other | 6,584 |  | 6,492 |
Total Deferred Tax Assets | 16,494 |  | 20,893 |
Unrealized securities gains | 3,709 |  | — |
Other | 6,116 |  | 3,555 |
Total Deferred Tax Liabilities | 9,825 |  | 3,555 |
Net Deferred Tax Assets | $ | 6,669 |  | $ | 17,338 |
Summary Of Income Tax Expense | Significant components of the provision for income taxes are as follows (in thousands):
| 2019 | 2018 | 2017
Current: |  |  |
Federal | $ | 16,636 |  | $ | 16,846 |  | $ | 20,090 |
State | 2,560 |  | 2,413 |  | 1,436 |
Total current tax expense | 19,196 |  | 19,259 |  | 21,526 |
Total deferred tax expense | 4,939 |  | (1,244 | ) | 14,909 |
Income tax expense | $ | 24,135 |  | $ | 18,015 |  | $ | 36,435 |
Reconciliation Of The Significant Differences Between The Federal Statutory Income Tax Rate And Effective Income Tax Rate | A reconciliation of the significant differences between the federal statutory income tax rate and the Company’s effective income tax rate is as follows (in thousands):
| 2019 | 2018 | 2017
Computed federal taxes at statutory rate | $ | 23,832 |  | $ | 18,483 |  | $ | 31,761 |
State income taxes, net of federal tax benefit | 2,376 |  | 1,730 |  | 1,321 |
Tax effects of: |  |  |
Tax-exempt interest income | (733 | ) | (694 | ) | (1,098 | )
Bank-owned life insurance | (791 | ) | (649 | ) | (1,474 | )
Change in statutory tax rate | — |  | — |  | 7,070 |
Other items, net | (549 | ) | (855 | ) | (1,145 | )
Income tax expense | $ | 24,135 |  | $ | 18,015 |  | $ | 36,435 |
Reconciliation Of The Unrecognized Tax Benefits Rollforward | A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows (in thousands):
| 2019 | 2018
Beginning balance | $ | 1,811 |  | $ | 1,889 |
Additions for current year tax positions | 115 |  | 184 |
Additions for prior year tax positions | 377 |  | 241 |
Decreases related to lapse of applicable statute of limitation | (496 | ) | (503 | )
Ending balance | $ | 1,807 |  | $ | 1,811 |

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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://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=84230637&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://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=84230637&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://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=84230637&loc=d3e32687-109319 + Details
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