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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The current and deferred components of the income tax provision for each of the three years ended December 31 are as follows:

(in thousands)	2015			2014			2013
Current tax provision
Federal	$	7,097		$	8,523		$	6,717
State	2,931			3,195			2,574
Total current	10,028			11,718			9,291
Deferred tax provision (benefit)
Federal	382			(146		)	(873		)
State	80			126			(479		)
Total deferred	462			(20		)	(1,352		)
Total income tax provision	$	10,490		$	11,698		$	7,939

Schedule of Deferred Tax Assets and Liabilities

The following table shows the tax effect of our cumulative temporary differences as of December 31:

(in thousands)	2015			2014
Deferred tax assets:
Allowance for loan losses and off-balance sheet credit commitments	$	5,918		$	5,544
Net operating loss carryforwards from the NorCal Acquisition	4,090			4,598
Deferred compensation plan and salary continuation plan	1,619			1,499
Fair value adjustment on loans acquired from the NorCal Acquisition	1,197			1,647
Accrued but unpaid expenses	1,188			1,119
State franchise tax	1,005			1,100
Interest received on non-accrual loans	864			651
Deferred rent and other lease incentives	595			584
Other real estate owned	448			448
Stock-based compensation	273			231
Depreciation and disposals on premises and equipment	231			94
Accretion on loans and investment securities	110			630
Net unrealized loss on securities available-for-sale	59			—
Other	174			195
Total gross deferred tax assets	17,771			18,340
Deferred tax liabilities:
Deferred loan origination costs and fees	(2,567		)	(2,385		)
Core deposit intangible asset	(1,309		)	(1,569		)
Unaccreted discount on subordinated debentures from the NorCal Acquisition	(1,200		)	(1,288		)
Net unrealized gain on securities available-for-sale	—			(498		)
Total gross deferred tax liabilities	(5,076		)	(5,740		)
Net deferred tax assets	$	12,695		$	12,600

Schedule of Effective Income Tax Rate Reconciliation

The effective tax rate for 2015, 2014 and 2013 differs from the current Federal statutory income tax rate as follows:

	2015		2014		2013
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
Increase (decrease) due to:
California franchise tax, net of federal tax benefit	6.8	%	6.8	%	6.5	%
Tax exempt interest on municipal securities and loans	(4.2	)%	(3.3	)%	(4.0	)%
Tax exempt earnings on bank owned life insurance	(1.0	)%	(0.9	)%	(1.5	)%
Low income housing tax credits	(0.2	)%	(0.1	)%	(0.3	)%
Other	(0.1	)%	(0.3	)%	—	%
Effective Tax Rate	36.3	%	37.2	%	35.7	%

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- References

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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=6907707&loc=d3e32639-109319

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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=6907707&loc=d3e32537-109319

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- 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

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