XML 56 R44.htm IDEA: XBRL DOCUMENT v3.22.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

Income tax expense consists of the following:

						For the Year Ended December 31,
						2021						2020
						(In Thousands)
Current:
Federal						$	6,965					$	1,948
State						3,087						1,386
Current tax expense						10,052						3,334
Deferred:
Federal						1,333						(1,678)
State						(110)						(329)
Deferred tax expense (benefit)						1,223						(2,007)
Total income tax expense						$	11,275					$	1,327

Schedule of Deferred Tax Assets and Liabilities

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

						December 31, 2021						December 31, 2020
						(In Thousands)
Deferred tax assets:
Allowance for loan and lease losses						$	6,312					$	7,276
SBA recourse reserve						215						302
Deferred compensation						2,016						1,457
State net operating loss carryforwards						436						482
Write-down of foreclosed properties						5						—
Tax credit carryforwards						—						1,831
Non-accrual loan interest						176						820
Capital loss carryforwards						21						21
Unrealized losses on securities						501						319
Other						619						356
Total deferred tax assets						10,301						12,864
Deferred tax liabilities:
Leasing and fixed asset activities						3,014						4,363
Loan servicing asset						420						358
Other						692						926
Total deferred tax liabilities						4,126						5,647
Net deferred tax asset						$	6,175					$	7,217

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, 2021						December 31, 2020
						(In Thousands)
Change in net deferred tax assets						$	(1,042)					$	1,864
Deferred taxes allocated to other comprehensive income						(181)						143
Deferred income tax (expense) benefit						$	(1,223)					$	2,007

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,
						2021						2020
						(Dollars in Thousands)
Income before income tax expense						$	47,030					$	18,305
Tax expense at statutory federal rate of 21% applied to income before income tax expense						$	9,876					$	3,844
State income tax, net of federal effect						2,351						837
Tax-exempt security and loan income, net of TEFRA adjustments						(710)						(648)
Bank-owned life insurance						(297)						(294)
Tax credits, net						—						(2,535)
Other						55						123
Total income tax expense						$	11,275					$	1,327
Effective tax rate						23.97		%				7.25		%

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:	dtr-types: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=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration