XML 59 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of components of provision for income taxes

The following were the components of provision for income taxes for the years ended December 31, 2017, 2016, and 2015:

		2017				2016				2015
Current tax expense:
Federal		$	1,010			$	—			$	250
State and local			1,485				—				57
Total current tax expense			2,495				—				307
Deferred tax expense:
Federal			13,554				478				4,929
State and local			686				136				656
Remeasurement of net deferred tax assets			2,364				—				—
Total deferred tax expense before reversal of valuation allowance			16,604				614				5,585
Deferred tax valuation allowance			—				(61,859	)			(5,585	)
Provision (benefit) for income taxes		$	19,099			$	(61,245	)		$	307

Schedule of reconciliation between statutory U.S. federal income tax rate and effective tax rate

The following is a reconciliation between the statutory U.S. federal income tax rate of 35% and the effective tax rate:

		2017				2016				2015
Calculated tax benefit at statutory rate			35.0		%		35.0		%		35.0		%
Increase (decrease) in income taxes resulting from:
Reversal of valuation allowance, net of change in      estimated Section 382 impact			—				(1,167.6	)			73.4
State taxes, net of federal income tax			6.5				6.1				5.0
Tax exempt income			(0.7	)			(5.3	)			24.2
Non-deductible expenses			0.2				14.8				(137.6	)
Remeasurement of net deferred tax assets			5.8				—				—
Total income tax expense (benefit)			46.8		%		(1,117.0	)	%		—		%

Schedule of components of deferred tax assets and liabilities

The following were the significant components of the deferred tax assets and liabilities as of December 31, 2017 and 2016:

		2017				2016
Deferred tax assets:
Net operating losses and tax credits		$	42,062			$	61,906
Interest on non-accrual loans			2,755				2,882
Allowance for loan losses and loan basis			13,839				22,017
Deposits			5				316
Alternative minimum tax ("AMT") credit carryforward			2,140				1,073
Other real estate owned			—				214
Net unrealized holding losses on securities available-for-sale			2,766				4,818
Other			2,413				3,241
Total deferred tax assets			65,980				96,467
Deferred tax liabilities:
Other real estate owned			(24	)			—
Premises and equipment			(3,385	)			(6,907	)
Core deposit intangibles			(4,656	)			(7,858	)
Servicing assets			(3,505	)			(7,899	)
Trust preferred securities			(2,465	)			(3,809	)
Unrealized holding gain on cash flow hedges			(1,390	)			(1,491	)
Other			(592	)			(743	)
Total deferred tax liabilities			(16,017	)			(28,707	)
Less valuation allowance on net deferred tax asset			—				—
Net deferred tax assets after valuation allowance		$	49,963			$	67,760

Operating Loss and Credit Carryforwards

		2017				2016
NOL carryforwards available to offset future taxable income:
Federal gross NOL carryforwards - begin to expire in 2027		$	63,964			$	116,315
Illinois gross NLD carryforwards - begin to expire in 2021			381,471				420,764
AMT credit carryforward - no expiration date			2,140				1,073

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration