Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Reconciliation of Income Tax Provision (Benefit)

A reconciliation of the provision for income taxes and the amount that would have been provided at statutory rates is as follows: 

	Years Ended December 31,
(in thousands)	2014			2013			2012
Provision at statutory rate on pretax income	$	10,579		$	8,601		$	5,533
Tax-exempt income on loans and investments	(1,417		)	(1,498		)	(1,390		)
Stock-based compensation	111			162			203
Civil money penalty	—			—			525
Other	(132		)	51			43
Total	$	9,141		$	7,316		$	4,914

Components of Income Tax Expense (Benefit)

The components of income tax expense are as follows: 

	Years Ended December 31,
(in thousands)	2014			2013		2012
Current expense	$	9,390		$	7,179	$	4,796
Deferred expense (benefit)	(249		)	137		118
Total	$	9,141		$	7,316	$	4,914

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred tax assets were as follows: 

	December 31,
(in thousands)	2014			2013
Deferred tax assets:
Allowance for loan losses	$	8,749		$	8,089
Unrealized losses on securities	2,086			8,893
Stock-based compensation	1,437			1,295
Nonaccrual interest	639			1,330
Other	795			902
Total deferred tax assets	13,706			20,509
Deferred tax liabilities:
Premises and equipment	(3,220		)	(3,599		)
Prepaid expenses	(344		)	(353		)
Deferred loan fees	(1,189		)	(1,046		)
Total deferred tax liabilities	(4,753		)	(4,998		)
Net deferred tax asset	$	8,953		$	15,511