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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The current and deferred amounts of income tax expense for 2017, 2016 and 2015 are as follows: 

 

   2017   2016   2015 
Current:  (dollars in thousands)  
Federal  $21,090   $10,173   $22,512 
State   505    (366)    907 
Subtotal   21,595    9,807    23,419 
Deferred:               
Federal   3,876    2,682    (3,835) 
State   (177)    (713)    342 
Subtotal   3,699    1,969    (3,493) 
Income tax expense  $25,294   $11,776   $19,926 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Actual income tax expense differs from the tax computed based on pre-tax income and the applicable statutory federal tax rate for the following reasons:

 

   2017   2016   2015  
   (dollars in thousands)  
Income before income tax expense  $68,514   $42,858   $ 61,237  
Federal statutory rate   35%   35%    35%  
Computed “expected” Federal income tax expense   23,980    15,000     21,433  
State tax, net of federal tax benefit   213    (701)     812  
Impact of Tax Reform Act   5,623    -     -  
Bank owned life insurance   (1,113)    (896)     (624)  
Tax-exempt interest and dividends   (2,123)    (1,714)     (1,584)  
Tax benefits from stock based compensation   (348)    -     -  
Other, net   (938)    87     (111)  
Income tax expense  $25,294   $11,776     $19,926  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences that give rise to significant portions of the deferred tax asset and deferred tax liability at December 31, 2017 and 2016 are presented in the following table: 

 

   2017   2016 
Deferred tax assets:  (dollars in thousands)  
Allowance for loan losses   8,848    10,374 
Purchase accounting   2,310    4,881 
Pension actuarial losses   1,647    2,439 
New Jersey net operating loss   1,310    1,004 
Deferred compensation   1,184    2,277 
Unrealized losses on securities and swaps   483    - 
Deferred loan costs, net of fees   474    613 
Accrued rent   459    617 
Capital lease   211    139 
Nonaccrual interest   158    470 
Other   7    14 
Total deferred tax assets  $17,091   $22,828 
Deferred tax liabilities:          
Employee benefit plans  $(1,501)   $(2,275) 
Depreciation   (434)    (1,039) 
Prepaid expenses   (174)    (345) 
Market discount accretion   (60)    (235) 
Unrealized gains on securities and swaps   (224)    (449) 
Other   (28)    (33) 
Total deferred tax liabilities   (2,421)    (4,376) 
Net deferred tax assets  $14,670   $18,452