Income Taxes (Tables)

6 Months Ended

Jun. 30, 2018

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,
	2018		2017
Current	$	2,195	$	4,047
Deferred		5,599		2,527
Total	$	7,794	$	6,574
	For the six months ended
			June 30,
	2018		2017
Current	$	2,195	$	4,047
Deferred		11,081		7,952
Total	$	13,276	$	11,999

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

Federal income tax expense differs from the statutory federal rates of 21% for the three and six months ended June 30, 2018 and 35% for the three and six months ended June 30, 2017 due to the following:

	For the Three Months Ended
									June 30,
	2018					2017
Federal taxes calculated at statutory rate	$	6,270		21.0	%	$	6,234			35.0	%
Increase (decrease) resulting from:
State taxes, net of federal benefit		1,543		5.2	%		741			4.2	%
Benefit of equity based compensation		(15	)	-0.1	%		20			0.1	%
Municipal interest income, net of interest disallowance		(207	)	-0.7	%		(376	)		-2.1	%
Bank owned life insurance		(13	)	0.0	%		(21	)		-0.1	%
Stock offering costs		141		0.5	%		—			0.0	%
Other		75		0.2	%		(24	)		-0.2	%
Income tax expense, as reported	$	7,794		26.1	%	$	6,574			36.9	%

	For the Six Months Ended
									June 30,
	2018					2017
Federal taxes calculated at statutory rate	$	11,570		21.0	%	$	11,539			35.0	%
Increase (decrease) resulting from:
State taxes, net of federal benefit		2,686		4.9	%		1,351			4.1	%
Benefit of equity based compensation		(751	)	-1.4	%		(175	)		-0.5	%
Municipal interest income, net of interest disallowance		(408	)	-0.7	%		(742	)		-2.3	%
Bank owned life insurance		(25	)	0.0	%		(42	)		-0.1	%
Stock offering costs		141		0.3	%		—			0.0	%
Other		63		0.0	%		68			0.2	%
Income tax expense, as reported	$	13,276		24.1	%	$	11,999			36.4	%

Schedule of Net Deferred Tax liability

The components of the net deferred tax liability at June 30, 2018 and December 31, 2017, are as follows:

	June 30,			December 31,
	2018			2017
Deferred tax assets:
Allowance for loan losses	$	6,865		$	6,264
Amortization of core deposit intangible		898			759
Deferred compensation		4,448			6,158
Unrealized loss on available-for-sale debt securities		4,563			988
Other		3,222			3,599
Subtotal		19,996			17,768
Deferred tax liabilities:
FHLB stock dividends		(550	)		(550	)
Depreciation		(4,322	)		(4,115	)
Cash flow hedges		(930	)		—
Mortgage servicing rights		(28,518	)		(19,830	)
Other		(5,969	)		(5,131	)
Subtotal		(40,289	)		(29,626	)
Net deferred tax liability	$	(20,293	)	$	(11,858	)