XML 84 R43.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

Income tax expense consists of the following:

		For the Year Ended December 31,
		2019				2018
		(In Thousands)
Current:
Federal		$	1,483			$	729
State		1,988				1,054
Current tax expense		3,471				1,783
Deferred:
Federal		(1,979		)		(367		)
State		(317		)		(65		)
Deferred tax benefit		(2,296		)		(432		)
Total income tax expense		$	1,175			$	1,351

Schedule of Deferred Tax Assets and Liabilities

The significant components of the Corporation’s deferred tax assets and liabilities were as follows:

		December 31, 2019				December 31, 2018
		(In Thousands)
Deferred tax assets:
Allowance for loan and lease losses		$	5,104			$	5,424
SBA recourse reserve		352				785
Deferred compensation		1,335				1,045
State net operating loss carryforwards		526				571
Tax credit carryforwards		2,881				1,373
Non-accrual loan interest		864				1,472
Capital loss carryforwards		22				22
Unrealized losses on securities		464				579
Other		531				68
Total deferred tax assets before valuation allowance		12,079				11,339
Valuation allowance		—				—
Total deferred tax assets		12,079				11,339
Deferred tax liabilities:
Leasing and fixed asset activities		5,841				6,965
Loan servicing asset		337				358
Other		548				844
Total deferred tax liabilities		6,726				8,167
Net deferred tax asset		$	5,353			$	3,172

Schedule of Reconciliation of the Change in Net Deferred Tax Assets to Deferred Tax Expense

A reconciliation of the change in net deferred tax assets to deferred tax expense is as follows:

		December 31, 2019				December 31, 2018
		(In Thousands)
Change in net deferred tax assets		$	2,181			$	588
Deferred taxes allocated to other comprehensive income		115				(156		)
Deferred income tax benefit		$	2,296			$	432

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from that computed at the federal statutory corporate tax rate as follows:

		Year Ended December 31,
		2019				2018
		(Dollars in Thousands)
Income before income tax expense		$	24,499			$	17,654
Tax expense at statutory federal rate of 21% applied to income before income tax expense		$	5,145			$	3,707
State income tax, net of federal effect		1,321				803
Tax-exempt security and loan income, net of TEFRA adjustments		(635		)		(847		)
Bank-owned life insurance		(252		)		(250		)
Tax credits, net		(4,503		)		(2,157		)
Other		99				95
Total income tax expense		$	1,175			$	1,351
Effective tax rate		4.80		%		7.65		%

X

- Definition

Schedule of Reconciliation of the Change in Net Deferred Tax Assets to Deferred Tax Expense [Table Text Block]

+ References

No definition available.

+ Details

Name:	fbiz_ScheduleOfReconciliationOfChangeInNetDeferredTaxAssetsToDeferredTaxExpenseTableTextBlock
Namespace Prefix:	fbiz_
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