Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Reconciliation between Provision (Benefit) for Income Taxes and Amount Computed Using Federal Statutory Rate

The reconciliation between the provision (benefit) for income taxes and the amount computed using the federal statutory rate is as follows:

	Year Ended December 31,
	2013					2012					2011
	(Dollars in thousands)
Income tax at statutory rate	$	(1,223	)	35.0	%	$	16,144		35.0	%	$	(2,643	)	35.0	%
State and local income tax, net of Federal benefit		(807	)	23.1	%		2,446		5.3	%		(3	)	0.1	%
Tax-exempt interest income		(1,585	)	45.3	%		(1,712	)	(3.7	)%		(1,873	)	24.8	%
Non-deductible expenses and other		(1,011	)	28.9	%		67		0.1	%		(894	)	11.8	%
Provision (benefit) for income taxes	$	(4,626	)	132.3	%	$	16,945		36.7	%	$	(5,413	)	71.7	%

Schedule of Provision (Benefit) for Income Taxes

The components of the provision (benefit) for income taxes were as follows:

	Year Ended December 31,
	2013			2012			2011
	(In thousands)
Federal:
Current	$	3,476		$	13,457		$	(11,167	)
Deferred		(6,860	)		(275	)		5,759
State and Local:
Current		892			1,560			678
Deferred		(2,134	)		2,203			(683	)
Total	$	(4,626	)	$	16,945		$	(5,413	)

Schedule of Tax Effect of Temporary Differences Giving Rise to Deferred Tax Assets and Liabilities

The tax effect of temporary differences giving rise to deferred tax assets and liabilities were as follows:

	December 31, 2013				December 31, 2012
	Asset		Liability		Asset		Liability
	(In thousands)
Allowance for loan losses	$	10,763		—	$	10,953		—
Supplemental executive retirement benefit		5,229		—		4,764		—
Other-than-temporary impairment of investments		4,655		—		4,123		—
Other		2,700	$	597		2,816		—
Unfunded SERP liability		695		—		981		—
Deferred compensation		235		—		240		—
Share based compensation costs		287		—		194		—
State net operating loss carryforward		189		—		—		—
Intangible assets		2,820		—		—	$	3,825
Property and equipment		1,198		—		—		780
Unrealized gains/losses on available for sale securities		3,259		—		—		203
Total	$	32,030	$	597	$	24,071	$	4,808
Net deferred tax asset	$	31,433			$	19,263