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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2017
INCOME TAXES |
Schedule of the provision for income tax expense |
|  | For the Years Ended December 31,
(Dollars in thousands) |  | 2017 |  | 2016 |  | 2015
Current federal income tax |  | $ | 13,364 |  | $ | 11,269 |  | $ | 12,353
Current state income tax |  |  | 157 |  |  | 140 |  |  | 102
Deferred income tax |  |  | 2,932 |  |  | 601 |  |  | (1,664)
Total income tax expense |  | $ | 16,453 |  | $ | 12,010 |  | $ | 10,791
Schedule of effective tax rates |
|  | For the Years Ended December 31, |
(Dollars in thousands) |  | 2017 |  | 2016 |  | 2015 |
Tax expense calculated at statutory rate |  | $ | 15,408 |  | $ | 13,726 |  | $ | 12,225 |
Increase (decrease) resulting from: |  |  |  |  |  |  |  |  |  |
State income tax |  |  | 102 |  |  | 140 |  |  | 102 |
Tax exempt interest income |  |  | (1,504) |  |  | (1,585) |  |  | (1,349) |
Life insurance |  |  | (553) |  |  | (485) |  |  | (464) |
Impact of tax law rate change |  |  | 3,857 |  |  | — |  |  | — |
Other |  |  | (857) |  |  | 214 |  |  | 277 |
Total income tax expense |  | $ | 16,453 |  | $ | 12,010 |  | $ | 10,791 |
Effective tax rate |  |  | 37.4 | % |  | 30.7 | % |  | 30.9 | %
Schedule of net deferred tax asset (liability) |
|  |  | December 31,
(Dollars in thousands) |  | 2017 |  | 2016
Deferred tax assets: |  |  |  |  |  |
| Allowance for possible credit losses |  | $ | 5,203 |  | $ | 8,752
| Compensation related |  |  | 2,228 |  |  | 1,334
| Deferred loan origination fees and loan costs |  |  | 988 |  |  | 1,512
| Loan related |  |  | 423 |  |  | 1,037
| Unrealized loss on securities available for sale |  |  | 103 |  |  | 496
| Other |  |  | 215 |  |  | 788
| Total deferred tax assets |  |  | 9,160 |  |  | 13,919
Deferred tax liabilities: |  |  |  |  |  |
| Accumulated depreciation |  |  | (1,228) |  |  | (2,205)
| Compensation 481(a) adjustment |  |  | (713) |  |  | —
| Core deposit intangibles |  |  | (1,378) |  |  | (2,662)
| Other |  |  | (61) |  |  | (21)
| Total deferred tax liabilities |  |  | (3,380) |  |  | (4,888)
Net Deferred Tax Asset |  | $ | 5,780 |  | $ | 9,031

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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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -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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