Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Allocation of Federal and State Income Taxes between Current and Deferred Portions

Allocation of federal and state income taxes between current and deferred portions is as follows:

	For the year ended
	December 31,
	2016		2015		2014
Current	$	12,476	$	1,321	$	1,427
Deferred		9,257		1,647		842
Total	$	21,733	$	2,968	$	2,269

Schedule of Differences in Federal Income Tax Expense and State Tax Expense from Statutory Federal and State Rates

Federal income tax expense for the year ended December 31, 2016, 2015 and 2014 differs from the statutory federal rate of 35% due to the following:

	For the year ended
	December 31,
	2016			2015		2014
Federal taxes calculated at statutory rate	$	5,061		$	—	$	—
Increase (decrease) resulting from:
State taxes, net of federal benefit		3,664			2,956		2,258
Conversion as of September 16, 2016 to C Corporation		13,181			—		—
Other		(173	)		12		11
Income tax expense, as reported	$	21,733		$	2,968	$	2,269

Schedule of Net Deferred Tax liability

The components of the net deferred tax liability at December 31, 2016 and 2015, are as follows:

	For the year ended
	December 31,
	2016			2015
Deferred tax assets:
Allowance for loan losses	$	8,516		$	1,565
Amortization of core deposit intangible		996			107
Compensation related		7,552			1,120
Unrealized loss on securities		2,462			—
Other		2,430			39
Subtotal		21,956			2,831
Deferred tax liabilities:
FHLB stock dividends		(827	)		(135	)
Depreciation		(6,548	)		(661	)
Unrealized gain on securities		—			(205	)
Mortgage servicing rights		(12,558	)		(1,902	)
Other		(6,203	)		(641	)
Subtotal		(26,136	)		(3,544	)
Net deferred tax liability	$	(4,180	)	$	(713	)