Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes is as follows:

	For the Year Ended December 31
	2017		2016		2015
		(In thousands)
Current
Federal	$	667	$	653	$	578
State		2		30		61

Deferred
Federal		32,791		12,163		10,818
State		2,876		2,043		2,070
	$	36,336	$	14,889	$	13,527

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 2017, 2016 and 2015) and the reported income tax provision relating to income before income taxes is as follows:

	For the Year Ended December 31
	2017		2016		2015
	(In thousands)
Tax rate applied to income before income taxes	$	27,720	$	15,431	$	12,484
Increase (decrease) resulting from the effects of:
Tax law change		8,552		0		0
Nondeductible acquisition costs		657		217		441
Tax exempt interest on loans, obligations of states and political subdivisions and bank owned life insurance		(1,445)		(1,215)		(761)
State income taxes		(1,007)		(726)		(746)
Nontaxable bargain purchase gain		0		0		(146)
Tax credit investments		(165)		(55)		0
Stock compensation		(1,027)		(731)		127
Other		173		(105)		(3)
Federal tax provision		33,458		12,816		11,396
State tax provision		2,878		2,073		2,131
Total income tax provision	$	36,336	$	14,889	$	13,527

Schedule of Deferred Tax Assets and Liabilities

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

	December 31,
	2017		2016
	(In thousands)
Allowance for loan losses	$	7,187	$	9,477
Premises and equipment		1,390		2,334
Other real estate owned		207		841
Accrued stock compensation		1,569		1,561
Federal tax loss carryforward		4,755		28,089
State tax loss carryforward		5,578		6,123
Alternative minimum tax credit carryforward		2,209		4,261
Net unrealized securities losses		1,429		4,616
Deferred compensation		2,125		3,279
Accrued interest and fee income		2,411		3,267
Other		2,248		3,748
Gross deferred tax assets		31,108		67,596
Less: Valuation allowance		0		0
Deferred tax assets net of valuation allowance		31,108		67,596

Core deposit base intangible		(3,964)		(3,953)
Other		(1,727)		(2,825)
Gross deferred tax liabilities		(5,691)		(6,778)
Net deferred tax assets	$	25,417	$	60,818

Summary of Income Tax Examinations

The Company has no unrecognized income tax benefits or provisions due to uncertain income tax positions. The following are the major tax jurisdictions in which the Company operates and the earliest tax year, exclusive of the impact of the net operating loss carryforwards, subject to examination:

Jurisdiction			Tax Year
United States of America			2014
Florida			2014

Retained earnings and accumulated other comprehensive income before and after adjustment [Text Block]

	Unadjusted as of December 31, 2017		Adjustment		Adjusted as of December 31, 2017
Retained Earnings	$	29,208	$	706	$	29,914
Accumulated Other Comprehensive Income		(3,510)		(706)		(4,216)