XML 58 R45.htm IDEA: XBRL DOCUMENT
v3.20.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Income Taxes |
Schedule of income tax (benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018 |
​ | ​ | (Dollars in thousands) |
Currently payable tax: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 9,630 | ​ | $ | 7,631 | ​ | $ | 9,187 | ​
State | ​ |  | 5,828 | ​ |  | 4,689 | ​ |  | 5,416 | ​
Total currently payable | ​ |  | 15,458 | ​ |  | 12,320 | ​ |  | 14,603 | ​
Deferred tax expense (benefit): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ |  | (932) | ​ |  | 2,200 | ​ |  | (1,133) | ​
State | ​ |  | (757) | ​ |  | 1,331 | ​ |  | (146) | ​
Total deferred tax | ​ |  | (1,689) | ​ |  | 3,531 | ​ |  | (1,279) | ​
Income tax expense | ​ | $ | 13,769 | ​ | $ | 15,851 | ​ | $ | 13,324 | ​
Schedule of effective tax rate differs from the federal statutory rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018 |
Statutory Federal income tax rate |  | 21.0 | % | 21.0 | % | 21.0 | %
State income taxes, net of federal tax benefit |  | 8.2 | % | 8.5 | % | 8.5 | %
Low income housing credits, net of investment losses |  | (0.5) | % | (0.5) | % | (0.8) | %
Increase in cash surrender value of life insurance |  | (0.8) | % | (0.5) | % | (0.5) | %
Stock option/restricted stock windfall tax benefit | ​ | 0.6 | % | (0.3) | % | (0.9) | %
Non-taxable interest income |  | (0.8) | % | (0.8) | % | (0.9) | %
Split-dollar term insurance |  | 0.1 | % | 0.1 | % | 0.1 | %
Merger cost | ​ | 0.0 | % | 0.5 | % | 0.5 | %
Other, net |  | 0.3 | % | 0.1 | % | 0.4 | %
Effective tax rate |  | 28.1 | % | 28.1 | % | 27.4 | %
Schedule of deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |
​ | ​ | (Dollars in thousands) |
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for credit losses on loans | ​ | $ | 12,827 | ​ | $ | 7,231 | ​
Lease accounting | ​ | ​ | 10,537 | ​ | ​ | 1,647 | ​
Defined postretirement benefit obligation | ​ | ​ | 10,419 | ​ | ​ | 9,901 | ​
Accrued expenses | ​ |  | 2,896 | ​ |  | 2,562 | ​
Federal net operating loss carryforwards | ​ |  | 2,846 | ​ |  | 3,662 | ​
Stock compensation | ​ |  | 1,894 | ​ |  | 1,636 | ​
State income taxes | ​ | ​ | 1,142 | ​ | ​ | 954 | ​
California net operating loss carryforwards | ​ | ​ | 1,106 | ​ | ​ | 1,489 | ​
Premises and equipment | ​ |  | 459 | ​ |  | 695 | ​
Nonaccrual interest | ​ |  | 101 | ​ | ​ | 61 | ​
Split-dollar life insurance benefit plan | ​ |  | 80 | ​ |  | 75 | ​
Tax credit carryforwards | ​ | ​ | 57 | ​ | ​ | 57 | ​
Other | ​ |  | 469 | ​ |  | 654 | ​
Total deferred tax assets | ​ |  | 44,833 | ​ |  | 30,624 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease accounting | ​ | ​ | (10,537) | ​ | ​ | (1,647) | ​
Loan fees | ​ | ​ | (1,820) | ​ | ​ | (1,842) | ​
Securities available-for-sale | ​ | ​ | (1,764) | ​ | ​ | (772) | ​
Intangible liabilities | ​ | ​ | (1,388) | ​ | ​ | (1,321) | ​
Prepaid expenses | ​ | ​ | (689) | ​ | ​ | (289) | ​
FHLB stock | ​ |  | (166) | ​ |  | (177) | ​
I/O strips | ​ | ​ | (87) | ​ | ​ | (144) | ​
Other | ​ |  | (161) | ​ |  | (130) | ​
Total deferred tax liabilities | ​ |  | (16,612) | ​ |  | (6,322) | ​
Net deferred tax assets | ​ | $ | 28,221 | ​ | $ | 24,302 | ​
Summary of carrying amount of low income tax housing investment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, | ​ | December 31, |
​ | ​ | 2020 | ​ | 2019 | ​
​ | ​ | (Dollars in thousands) | ​
Low income housing investments | ​ | $ | 5,246 | ​ | $ | 6,126 | ​
Future commitments | ​ | $ | 596 | ​ | $ | 625 | ​

X
- Definition Represents information pertaining to carrying amounts of income tax housing investment. + References No definition available. + Details
Name: | htbk_SummaryOfCarryingAmountOfIncomeTaxHousingInvestmentTextBlock
Namespace Prefix: | htbk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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://fasb.org/us-gaap/role/ref/legacyRef -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
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://fasb.org/us-gaap/role/ref/legacyRef -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
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration