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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Taxes |
Schedule of components of income tax expense (benefit) |
|  | 2017 |  | 2016 |  | 2015
Current federal |  | $ | (2,407) |  | $ | 399 |  | $ | 220
Deferred federal |  |  | 11,724 |  |  | 6,824 |  |  | 7,023
Deferred state |  |  | 372 |  |  | 1,597 |  |  | 1,733
Expense due to enactment of federal tax reform |  |  | 9,475 |  |  | - |  |  | -
Total income tax expenses |  | $ | 19,164 |  | $ | 8,820 |  | $ | 8,976
Schedule of components of deferred tax assets and liabilities |
|  | 2017 |  | 2016
Allowance for loan and lease losses |  | $ | 5,377 |  | $ | 7,057
Deferred compensation |  |  | 650 |  |  | 735
Amortization of core deposit intangible |  |  | 827 |  |  | 1,401
Goodwill amortization/impairment |  |  | 6,087 |  |  | 10,127
Stock based compensation |  |  | 866 |  |  | 946
OREO write-downs |  |  | 2,385 |  |  | 5,110
Federal net operating loss (“NOL”) carryforward |  |  | 7,240 |  |  | 19,362
State net operating loss (“NOL”) carryforward |  |  | 7,020 |  |  | 7,735
Deferred tax credit |  |  | - |  |  | 2,058
Other assets |  |  | 1,017 |  |  | 1,199
Total deferred tax assets |  |  | 31,469 |  |  | 55,730
Accumulated depreciation on premises and equipment |  |  | (384) |  |  | (681)
Mortgage servicing rights |  |  | (2,086) |  |  | (2,760)
State tax benefits |  |  | (2,389) |  |  | (4,127)
Other liabilities |  |  | (545) |  |  | (526)
Total deferred tax liabilities |  |  | (5,404) |  |  | (8,094)
Net deferred tax asset before adjustments related to other comprehensive loss |  |  | 26,065 |  |  | 47,636
Tax effect of adjustments related to other comprehensive loss |  |  | (709) |  |  | 5,828
Net deferred tax asset |  | $ | 25,356 |  | $ | 53,464
Schedule of components of provision for deferred income taxes |
| 2017 |  | 2016 |  | 2015
Provision for loan and lease losses | $ | 1,680 |  | $ | 42 |  | $ | 2,480
Deferred Compensation |  | 85 |  |  | (45) |  |  | 97
Amortization of core deposit intangible |  | 574 |  |  | 228 |  |  | 230
Stock based compensation |  | 80 |  |  | (132) |  |  | (151)
OREO write-downs |  | 2,725 |  |  | 1,807 |  |  | 1,722
Federal net operating loss carryforward |  | 12,122 |  |  | 4,743 |  |  | 2,896
State net operating loss carryforward |  | 715 |  |  | 1,011 |  |  | 659
Deferred tax credit |  | 2,058 |  |  | (309) |  |  | (198)
Depreciation |  | (297) |  |  | 80 |  |  | (201)
Mortgage servicing rights |  | (674) |  |  | 276 |  |  | 164
Goodwill amortization/impairment |  | 4,040 |  |  | 1,496 |  |  | 1,506
State tax benefits |  | (1,738) |  |  | (559) |  |  | (604)
Other, net |  | 201 |  |  | (217) |  |  | 156
Total deferred tax expense | $ | 21,571 |  | $ | 8,421 |  | $ | 8,756
Schedule of difference between effective tax rates from federal statutory rates | Effective tax rates differ from federal statutory rates applied to financial statement income for the years ended December 31 due to the following:
|  | 2017 |  | 2016 |  | 2015
Tax at statutory federal income tax rate |  | $ | 11,817 |  | $ | 8,577 |  | $ | 8,526
Nontaxable interest income, net of disallowed interest deduction |  |  | (1,976) |  |  | (347) |  |  | (253)
BOLI income |  |  | (501) |  |  | (449) |  |  | (487)
State income taxes, net of federal benefit |  |  | 1,775 |  |  | 1,148 |  |  | 1,126
Impact of Federal tax rate change |  |  | 9,475 |  |  | - |  |  | -
Impact of Illinois tax rate change |  |  | (1,566) |  |  | - |  |  | -
Other, net |  |  | 140 |  |  | (109) |  |  | 64
Total tax at effective tax rate |  | $ | 19,164 |  | $ | 8,820 |  | $ | 8,976

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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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