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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Taxes |
Schedule of components of income tax expense (benefit) |
|  | 2015 |  | 2014 |  | 2013
Current federal |  | $ | 220 |  | $ | 122 |  | $ | 105
Current state |  |  | - |  |  | 6 |  |  | 29
Deferred federal |  |  | 7,023 |  |  | 3,120 |  |  | 2,780
Deferred state |  |  | 1,733 |  |  | 4,876 |  |  | 989
Change in valuation allowance |  |  | - |  |  | (2,363) |  |  | (74,145)
|  | $ | 8,976 |  | $ | 5,761 |  | $ | (70,242)
Schedule of components of deferred tax assets and liabilities |
|  | 2015 |  | 2014
Allowance for loan losses |  | $ | 7,099 |  | $ | 9,579
Deferred compensation |  |  | 690 |  |  | 787
Amortization of core deposit |  |  | 1,629 |  |  | 1,859
Goodwill amortization/impairment |  |  | 11,623 |  |  | 13,129
Stock based compensation |  |  | 814 |  |  | 663
OREO write-downs |  |  | 6,917 |  |  | 8,639
Federal net operating loss (“NOL”) carryforward |  |  | 24,105 |  |  | 27,001
State net operating loss (“NOL”) carryforward |  |  | 8,746 |  |  | 9,405
Deferred tax credit |  |  | 1,749 |  |  | 1,551
Other assets |  |  | 792 |  |  | 1,006
Total deferred tax assets |  |  | 64,164 |  |  | 73,619
Accumulated depreciation on premises and equipment |  |  | (601) |  |  | (802)
Mortgage servicing rights |  |  | (2,484) |  |  | (2,320)
State tax benefits |  |  | (4,686) |  |  | (5,290)
Other liabilities |  |  | (336) |  |  | (394)
Total deferred tax liabilities |  |  | (8,107) |  |  | (8,806)
Net deferred tax asset before adjustments related to other comprehensive loss |  |  | 56,057 |  |  | 64,813
Tax effect of adjustments related to other comprehensive loss |  |  | 8,495 |  |  | 5,328
Net deferred tax asset |  | $ | 64,552 |  | $ | 70,141
Schedule of components of provision for deferred income taxes |
| 2015 |  | 2014 |  | 2013
Provision for loan losses | $ | 2,480 |  | $ | 3,146 |  | $ | 5,511
Deferred Compensation |  | 97 |  |  | 1 |  |  | (109)
Amortization of core deposit |  | 230 |  |  | (203) |  |  | (691)
Stock based compensation |  | (151) |  |  | (80) |  |  | 202
OREO write-downs |  | 1,722 |  |  | 1,402 |  |  | 6,591
Federal net operating loss carryforward |  | 2,896 |  |  | 1,022 |  |  | (7,287)
State net operating loss carryforward |  | 659 |  |  | 2,442 |  |  | (1,661)
Deferred tax credit |  | (198) |  |  | (107) |  |  | -
Depreciation |  | (201) |  |  | (233) |  |  | (28)
Net premiums and discounts on securities |  | - |  |  | (8) |  |  | (114)
Mortgage servicing rights |  | 164 |  |  | (251) |  |  | 752
Goodwill amortization/impairment |  | 1,506 |  |  | 2,123 |  |  | 1,544
State tax benefits |  | (604) |  |  | (1,704) |  |  | (321)
Change in valuation allowance |  | - |  |  | (2,363) |  |  | (74,145)
Other, net |  | 156 |  |  | 446 |  |  | (620)
Total deferred tax expense | $ | 8,756 |  | $ | 5,633 |  | $ | (70,376)
Schedule of difference between effective tax rates from federal statutory rates | Effective tax rates differ from federal statutory rates applied to financial statement income (loss) for the years ended December 31 due to the following:
|  | 2015 |  | 2014 |  | 2013
Tax at statutory federal income tax rate |  | $ | 8,526 |  | $ | 5,564 |  | $ | 4,145
Nontaxable interest income, net of disallowed interest deduction |  |  | (253) |  |  | (233) |  |  | (245)
BOLI income |  |  | (487) |  |  | (508) |  |  | (694)
State income taxes, net of federal benefit |  |  | 1,126 |  |  | 872 |  |  | 662
Change in valuation allowance |  |  | - |  |  | (2,363) |  |  | (74,145)
Deficiency from restricted stock |  |  | - |  |  | - |  |  | 10
Impact of Illinois tax rate change |  |  | - |  |  | 2,363 |  |  | -
Other, net |  |  | 64 |  |  | 66 |  |  | 25
Tax at effective tax rate |  | $ | 8,976 |  | $ | 5,761 |  | $ | (70,242)

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