Investments in Qualified Affordable Housing Projects (Tables)

12 Months Ended

Dec. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

Components of qualified affordable housing projects included in income taxes

Significant components of the provision for income taxes are as follows for the periods presented:

	Year Ended December 31,
	2018		2017		2016
Current
Federal	$	22,658	$	28,380	$	31,679
State	2,625		1,354		2,131
	25,283		29,734		33,810
Deferred
Federal	13,369		22,314		10,480
State	3,075		1,147		557
Revaluation of net deferred tax assets as a result of the Tax Cuts and Jobs Act	—		14,486		—
	16,444		37,947		11,037
	$	41,727	$	67,681	$	44,847

Components of the Company’s investments in qualified affordable housing projects were included in the line item “Income taxes” in the Consolidated Statements of Income for the periods presented as follows:

	Year Ended
	December 31,
	2018			2017
Investment amortization	$	1,592		$	1,714
Tax credits and other benefits	(2,290		)	(2,190		)
Total	$	(698	)	$	(476	)