Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes is as follows:

	Year Ended December 31
	2015		2014		2013
	(In thousands)
Current
Federal	$	578	$	310	$	160
State		61		12		7
Deferred
Federal		10,818		3,440		(30,540)
State		2,070		782		(10,012)
	$	13,527	$	4,544	$	(40,385)

Schedule of Effective Income Tax Rate Reconciliation

The difference between the total expected tax benefit (computed by applying the U.S. Federal tax rate of 35% to pretax income in 2015, 2014 and 2013) and the reported income tax provision (benefit) relating to income (loss) before before income taxes is as follows:

	Year Ended December 31
	2015		2014		2013
	(In thousands)
Tax rate applied to income (loss) before income taxes	$	12,484	$	3,583	$	4,061
Increase (decrease) resulting from the effects of:
Nondeductible acquisition costs		441		554		0
Tax exempt interest on obligations of states and political subdivisions and bank owned life insurance		(761)		(293)		(148)
State income taxes		(746)		(278)		(259)
Nontaxable bargain purchase gain		(146)		0		0
Stock compensation		127		92		4
Other		(3)		92		38
Federal tax provision before valuation allowance		11,396		3,750		3,696
State tax provision before valuation allowance		2,131		794		740
Total income tax provision		13,527		4,544		4,436
Change in valuation allowance		0		0		(44,821)
Income tax provision (benefit)	$	13,527	$	4,544	$	(40,385)

Schedule of Deferred Tax Assets and Liabilities

The net deferred tax assets (liabilities) are comprised of the following:

	December 31
	2015		2014
	(In thousands)
Allowance for loan losses	$	7,759	$	6,926
Other real estate owned		1,737		1,562
Accrued stock compensation		1,235		721
Federal tax loss carryforward		33,507		39,974
State tax loss carryforward		6,767		7,580
Alternative minimum tax carryforward		3,355		2,136
Net unrealized securities losses		3,906		3,035
Deferred compensation		1,829		1,643
Accrued interest and fee income		2,404		3,270
Other		7,194		7,428
Gross deferred tax assets		69,693		74,275
Less: Valuation allowance		0		0
Deferred tax assets net of valuation allowance		69,693		74,275
Depreciation		(1,211)		(1,334)
Deposit base intangible		(3,452)		(2,976)
Other		(4,756)		(3,165)
Gross deferred tax liabilities		(9,419)		(7,475)
Net deferred tax assets	$	60,274	$	66,800

Summary of Income Tax Examinations

The following are the major tax jurisdictions in which the Company operates and the earliest tax year subject to examination:

Jurisdiction	Tax Year
United States of America	2012
Florida	2012