Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Taxes [Abstract]

Reconciliation Of Statutory Federal Income Tax Rate

	Year Ended December 31,
	2018		2017		2016
Statutory federal income tax rate	21.0	%	35.0	%	35.0	%
State and local income taxes, net of federal income tax benefit	(.8)		2.0		.9
Tax-exempt income, net of disallowed cost of funding	(5.8)		(10.2)		(11.8)
BOLI income	(1.2)		(1.2)		(.9)
Excess tax benefit of stock-based compensation	(.9)		(1.7)		(.9)
Impact of cost segregation study	(1.5)		—		—
Impact of federal tax reform on deferred taxes	—		(2.0)		—
Other	.1		.1		.4
	10.9	%	22.0	%	22.7	%

Provision For Income Taxes

	Year Ended December 31,
(in thousands)	2018		2017		2016
Current:
Federal	$	5,975	$	8,139	$	7,407
State and local		688		636		409
		6,663		8,775		7,816
Deferred:
Federal		(458)		335		1,114
State and local		(1,143)		779		119
		(1,601)		1,114		1,233
	$	5,062	$	9,889	$	9,049

Net Deferred Tax Asset (Liability)

	December 31,
(in thousands)	2018		2017
Deferred tax assets:
Allowance for loan losses and off-balance-sheet credit exposure	$	9,312	$	10,097
Stock-based compensation		1,384		1,382
Unrealized losses on available-for-sale securities		1,274		—
Accrued bonuses		686		—
Contract incentive		680		—
Net operating loss carryforwards		371		—
Unrealized loss on interest rate swap		341		—
Accrued rent expense		239		224
Asset writedown and other real estate owned valuation allowance		80		266
Directors' retirement expense		45		47
Supplemental executive retirement expense		36		17
Interest on nonperforming loans		16		55
Depreciation		—		724
Accrued legal settlement		—		12
		14,464		12,824
Valuation allowance		—		—
		14,464		12,824
Deferred tax liabilities:
Deferred loan costs		5,462		5,142
Prepaid pension		4,545		5,615
Depreciation		675		—
Deferred gain on Section 1031 exchange		276		—
Prepaid expenses		59		146
REIT spillover dividend		—		3,043
Unrealized gains on available-for-sale securities		—		1,259
		11,017		15,205
Net deferred tax asset (liability)	$	3,447	$	(2,381)