XML 60 R45.htm IDEA: XBRL DOCUMENT v3.6.0.2

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of income tax (benefit) expense attributable to income from operations

The income tax expense (benefit) attributable to income from operations is summarized as follows:

(in thousands)	Current				Deferred				Total
2016
Federal	$	22,943			$	1,551			$	24,494
State	2,243				308				2,551
Total	$	25,186			$	1,859			$	27,045
2015
Federal	$	22,955			$	2,841			$	25,796
State	3,103				63				3,166
Total	$	26,058			$	2,904			$	28,962
2014
Federal	$	19,749			$	2,915			$	22,664
State	624				2,116				2,740
Total	$	20,373			$	5,031			$	25,404

Schedule of effective income tax rate reconciliation

The primary reasons for the differences between income tax expense and the amount computed by applying the statutory federal income tax rate to earnings are as follows:

	2016			2015			2014
Statutory federal income tax rate	35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit	1.9			2.4			2.3
Tax exempt income	(2.7	)		(2.5	)		(2.5	)
Excess benefits from equity-based compensation	(1.4	)		0.0			0.0
Bank-owned life insurance income	(0.8	)		(0.8	)		(0.8	)
Federal tax credit	(0.4	)		(0.8	)		(1.0	)
All other	(0.3	)		(0.2	)		(0.2	)
Total	31.3	%		33.1	%		32.8	%

Schedule of deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31 were as follows:

(in thousands)	2016				2015				2014
Deferred tax assets:
Allowance for loan and lease losses	$	13,737			$	12,411			$	11,276
Interest income on nonperforming loans	214				1,207				395
Compensation and benefits	14,504				14,032				13,081
Purchase accounting adjustments	527				1,920				3,538
Liabilities held at fair value	1				218				364
Tax credit carryforward	0				831				1,995
Other	3,088				2,546				2,347
Total	$	32,071			$	33,165			$	32,996
Deferred tax liabilities:
Prepaid pension	$	11,439			$	10,992			$	9,377
Depreciation	3,006				3,277				2,553
Intangibles	882				567				236
Other	2,901				2,144				1,741
Total deferred tax liabilities	$	18,228			$	16,980			$	13,907
Net deferred tax asset at year-end	$	13,843			$	16,185			$	19,089
Net deferred tax asset at beginning of year	$	16,185			$	19,089			$	24,120
Decrease in net deferred tax asset	(2,342		)		(2,904		)		(5,031		)
Purchase accounting adjustments, net	(483		)		0				0
Deferred tax expense	$	1,859			$	2,904			$	5,031

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=65882285&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=65882285&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=65882285&loc=d3e32687-109319

+ Details

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