XML 93 R80.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes (Details 2) - USD ($)
12 Months Ended
Dec. 22, 2017
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Reasons for the difference between income tax expense and statutory federal income tax          
Statutory federal income tax   $ 22,332,000 $ 25,232,000 $ 22,056,000  
Tax-exempt interest income   (439,000) (552,000) (650,000)  
State taxes, net of federal income tax benefit   3,424,000 4,064,000 3,315,000  
Deferred tax liability remeasurement   0 0 (875,000) $ 2,610,000
Other   (437,000) (605,000) (1,233,000)  
Total provision   $ 24,880,000 $ 28,139,000 $ 22,613,000  
Reasons for the difference between income tax expense rate and statutory federal income tax rate          
Statutory federal income tax (as a percent) 21.00% 21.00% 21.00% 21.00% 35.00%
Tax-exempt interest income (as a percent)   (0.40%) (0.50%) (0.60%)  
State taxes, net of federal income tax benefit (as a percent)   3.20% 3.40% 3.20%  
Deferred tax liability remeasurement (as a percent)   0.00% 0.00% (0.80%)  
Other (as a percent)   (0.40%) (0.50%) (1.30%)  
Total income tax expense (benefit) (as a percent)   23.40% 23.40% 21.50%  
Deferred tax assets:          
Reserve for loan and lease losses   $ 35,696,000 $ 28,792,000    
Deferred Tax Assets, Tax Credit Carryforwards, Other   8,606,000 0    
Operating lease liability   5,704,000 5,899,000    
Accruals for employee benefits   2,963,000 2,842,000    
Capitalized loan costs   893,000 0    
Mortgage servicing   173,000 0    
Other   678,000 222,000    
Total deferred tax assets   54,713,000 37,755,000    
Deferred tax liabilities:          
Differing depreciable bases in premises and leased equipment   13,118,000 18,614,000    
Right of use assets - leases   5,737,000 5,899,000    
Differing bases in assets related to acquisitions   4,160,000 4,092,000    
Tax advantaged partnerships   3,770,000 4,383,000    
Net unrealized gains on securities available-for-sale   5,827,000 1,640,000    
Mortgage servicing   0 394,000    
Capitalized loan costs   0 1,207,000    
Prepaid expenses   334,000 297,000    
Other   300,000 544,000    
Total deferred tax liabilities   33,246,000 37,070,000    
Deferred Tax Assets, Net, Total   21,467,000 685,000    
Reconciliation of the beginning and ending amounts of unrecognized tax benefits          
Balance, at beginning of the period   0 0 $ 1,112,000  
Additions based on tax positions related to the current year   0 0 0  
Additions for tax positions of prior years   0 0 0  
Reductions for tax positions of prior years   0 0 0  
Reductions due to lapse in statute of limitations   0 0 0  
Settlements   0 0 (1,112,000)  
Balance at end of the period   0 0 0 $ 1,112,000
Valuation allowance for deferred tax assets   0 0    
Unrecognized tax benefits that would affect the effective tax rate if recognized   0 0 0  
Interest and penalties net of tax recognized   0.00 0.00 (90,000.00)  
Accrued interest and penalties   0 0 0  
Investment securities available-for-sale          
Reasons for the difference between income tax expense and statutory federal income tax          
Total provision   $ 67,000 $ 0 $ (83,000)