Income Taxes (Tables)

6 Months Ended

Jun. 30, 2017

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 three months ended
	June 30,
	2017		2016
Current	$	4,047	$	1,036
Deferred		2,527		97
Total	$	6,574	$	1,133
	For the six months ended
			June 30,
	2017		2016
Current	$	4,047	$	1,128
Deferred		7,952		1,046
Total	$	11,999	$	2,174

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

Federal income tax expense for the three and six months ended June 30, 2017 and 2016 differs from the statutory federal rate of 35% due to the following:

	For the three months ended
	June 30,
	2017			2016
Federal taxes calculated at statutory rate	$	6,234		$	—
Increase (decrease) resulting from:
State taxes, net of federal benefit		741			1,082
Benefit of equity based compensation		(1	)		—
Other		(400	)		51
Income tax expense, as reported	$	6,574		$	1,133
	For the six months ended
				June 30,
	2017			2016
Federal taxes calculated at statutory rate	$	11,539		$	—
Increase (decrease) resulting from:
State taxes, net of federal benefit		1,351			2,083
Benefit of equity based compensation		(196	)		—
Other		(695	)		91
Income tax expense, as reported	$	11,999		$	2,174

Schedule of Net Deferred Tax liability

The components of the net deferred tax liability at June 30, 2017 and December 31, 2016, are as follows:

	June 30,			December 31,
	2017			2016
Deferred tax assets:
Allowance for loan losses	$	9,103		$	8,516
Amortization of core deposit intangible		962			996
Compensation related		5,648			7,552
Unrealized loss on securities		1,066			2,462
Other		2,279			2,430
Subtotal		19,058			21,956
Deferred tax liabilities:
FHLB stock dividends		(827	)		(827	)
Depreciation		(6,449	)		(6,548	)
Mortgage servicing rights		(18,979	)		(12,558	)
Other		(6,331	)		(6,203	)
Subtotal		(32,586	)		(26,136	)
Net deferred tax liability	$	(13,528	)	$	(4,180	)