XML 77 R44.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Summary of Income Tax Expense | The following is a summary of income tax expense for the years ended December 31, 2015, 2014, and 2013:
|  | 2015 |  |  | 2014 |  |  | 2013 |
Current – federal |  | $ | 7,777 |  |  | $ | 8,471 |  |  | $ | 7,189 |
Current – state |  |  | 139 |  |  |  | 110 |  |  |  | 128 |
Deferred - federal |  |  | 376 |  |  |  | 733 |  |  |  | (977 | )
Income tax expense |  | $ | 8,292 |  |  | $ | 9,314 |  |  | $ | 6,340 |
Components of Net Deferred Tax Asset | The components of the net deferred tax asset as of December 31, 2015 and 2014 are as follows:
|  | 2015 |  |  | 2014 |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for loan losses |  | $ | 4,799 |  |  | $ | 5,076 |
Fair value adjustments – business combination |  |  | 1,661 |  |  |  | 2,466 |
Deferred compensation |  |  | 2,443 |  |  |  | 2,238 |
Impaired security valuation |  |  | 497 |  |  |  | 479 |
Net operating loss carryover |  |  | 1,137 |  |  |  | 1,646 |
Post-retirement benefits |  |  | 1,562 |  |  |  | 1,423 |
Unrealized loss on interest rate swap |  |  | 258 |  |  |  | 331 |
Nonaccrual loan interest |  |  | 762 |  |  |  | 598 |
Accrued expenses |  |  | 1,072 |  |  |  | 974 |
Deferred fees and costs |  |  | 388 |  |  |  | 40 |
Other |  |  | 442 |  |  |  | 351 |
|  |  | 15,021 |  |  |  | 15,622 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Unrealized gain on securities available for sale |  |  | 1,900 |  |  |  | 1,474 |
Premises and equipment |  |  | 1,737 |  |  |  | 1,528 |
Intangibles – section 197 |  |  | 4,558 |  |  |  | 4,900 |
Mortgage servicing rights |  |  | 337 |  |  |  | 299 |
Other |  |  | 19 |  |  |  | 124 |
|  |  | 8,551 |  |  |  | 8,325 |
Net deferred tax asset |  | $ | 6,470 |  |  | $ | 7,297 |
Reconciliation of Income Tax Attributable to Pre-Tax Income at Federal Statutory Tax Rates to Income Tax Expense | The reconciliation of income tax attributable to pre-tax income at the federal statutory tax rates to income tax expense is as follows:
|  | 2015 |  |  | % |  |  | 2014 |  |  | % |  |  | 2013 |  |  | % |
Tax at statutory rate |  | $ | 10,671 |  |  |  | 35.0 |  |  | $ | 11,336 |  |  |  | 35.0 |  |  | $ | 8,057 |  |  |  | 35.0 |
Tax exempt income, net |  |  | (1,816 | ) |  |  | (6.0 | ) |  |  | (1,684 | ) |  |  | (5.2 | ) |  |  | (1,664 | ) |  |  | (7.2 | )
Bank owned life insurance |  |  | (418 | ) |  |  | (1.4 | ) |  |  | (364 | ) |  |  | (1.1 | ) |  |  | (543 | ) |  |  | (2.4 | )
Merger costs |  |  | 30 |  |  |  | 0.1 |  |  |  | 0 |  |  |  | 0.0 |  |  |  | 233 |  |  |  | 1.0 |
Other |  |  | (175 | ) |  |  | (0.5 | ) |  |  | 26 |  |  |  | 0.1 |  |  |  | 257 |  |  |  | 1.1 |
Income tax expense |  | $ | 8,292 |  |  |  | 27.2 |  |  | $ | 9,314 |  |  |  | 28.8 |  |  | $ | 6,340 |  |  |  | 27.5 |

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=6907707&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=6907707&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=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration