Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes [Abstract]

Schedule Of Components Of The Income Taxes (Benefit)

	For the years ended
	December 31,
	2019	2018	2017
	(in thousands)
Current tax provision
Federal	$               14,407	$               11,038	$                 1,044
State	5,212	5,379	1,213
	19,619	16,417	2,257
Deferred tax provision (benefit)
Federal	1,382	13,926	22,599
State	225	1,898	(1,800)
	1,607	15,824	20,799
	$               21,226	$               32,241	$               23,056

Schedule Of Income Tax Expenses And Statutory Federal Income Tax Rate

	For the years ended
	December 31,
	2019	2018	2017
	(in thousands)
Computed tax expense at statutory rate	$            15,224	$            25,154	$            13,734
Tax effect of federal rate change	-	-	17,293
State taxes	4,140	6,148	1,199
Tax-exempt interest income	(467)	(408)	(1,600)
Meals and entertainment	97	80	63
Civil money penalty	1,870	-	-
Other nondeductible items	263	546	2,421
Valuation allowance - domestic	-	721	(9,813)
Other	99	-	(241)
	$            21,226	$            32,241	$            23,056

Schedule Of Deferred Tax Assets And Liabilities

	For the years ended
	December 31,
	2019	2018
	(in thousands)
Deferred tax assets:
Allowance for loan and lease losses	$                 2,150	$                 1,817
Non-accrual interest	867	1,993
Deferred compensation	692	680
State taxes	1,333	1,558
Nonqualified stock options	1,806	1,440
Capital loss limitations	3,579	3,579
Tax deductible goodwill	3,064	3,462
Partnership interest, Walnut St basis difference	12,420	10,412
Fair value adjustment to investments	808	753
Loan charges	3,434	4,352
Unrealized loss on AFS securities	-	5,240
Other	1,326	1,260
Total gross deferred tax assets	31,479	36,546
Federal and state valuation allowance	(14,869)	(12,952)
Deferred tax liabilities:
Unrealized gains on investment securities available for sale	2,237	-
Discount on Class A notes	92	92
Depreciation	1,743	1,880
Total deferred tax liabilities	4,072	1,972
Net deferred tax asset	$               12,538	$               21,622

Reconciliation Of Unrecognized Tax Benefits

	For the years ended
	December 31,
	2019	2018	2017
	(in thousands)
Beginning balance at January 1	$                    338	$                    338	$                    339
Decreases in tax provisions for prior years	-	-	(1)
Gross unrecognized tax benefits at December 31	$                    338	$                    338	$                    338