Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Components of Net Deferred Tax Asset:

	December 31,
(dollars in thousands)	2018		2017
Deferred tax assets:
Loan and lease loss reserve	$	4,476	$	3,948
Other reserves	2,919		3,169
Net operating loss carry-forward	9,728		11,113
Alternative minimum tax credits	1,100		1,116
Unrealized depreciation of available for sale securities	1,656		761
Defined benefit plans	1,377		1,361
RBPI Merger Fair Values	2,580		4,726
Total deferred tax asset	$	23,836	$	26,194
Deferred tax liabilities:
Intangibles and other amortizing fair value adjustments	$	5,290	$	970
Originated MSRs	1,105		1,253
Deferred loan costs	1,105		—
Other reserves	535		72
Total deferred tax liability	$	8,035	$	2,295
Total net deferred tax asset	$	15,801	$	23,899

Schedule of Components of Income Tax Expense (Benefit)

The provisionfor income taxes consists of the following:

	December 31,
(dollars in thousands)	2018		2017		2016
Current	$	4,326	$	13,812	$	16,492
Deferred	9,839		20,418		1,676
Total	$	14,165	$	34,230	$	18,168

Schedule of Effective Income Tax Rate Reconciliation

Applicable income taxes differed from the amount derived by applying the statutory federal tax rate to income as follows:

(dollars in thousands)	2018			Tax Rate		2017			Tax Rate		2016			Tax Rate
Computed tax expense at statutory federal rate	$	16,371		21.0	%	$	20,036		35.0	%	$	18,972		35.0	%
Tax-exempt income	(470		)	(0.6	)%	(600		)	(1.0	)%	(758		)	(1.4	)%
State tax (net of federal tax benefit)	874			1.1	%	303			0.5	%	425			0.8	%
Non-deductible merger expense	—			—	%	455			0.8	%	—			—	%
Excess tax benefit – stock based compensation	(848		)	(1.1	)%	(1,049		)	(1.8	)%	(565		)	(1.0	)%
Adjustment to net deferred tax assets for enacted changes in tax laws, rates and return to provision adjustments	(1,895		)	(2.4	)%	15,193			26.5	%	—			—	%
Other, net	133			0.2	%	(108		)	(0.2	)%	94			0.1	%
Total income tax expense	$	14,165		18.2	%	$	34,230		59.8	%	$	18,168		33.5	%

Components of Provisional Tax Expense Related to Tax Law Changes

a result of Tax Reform is as follows:

	Year Ended December 31,
(dollars in thousands)	2018			2017
Deferred taxes related to items recognized in continuing operations	$	(1,895	)	$	14,411
Deferred taxes on net actuarial loss on defined benefit post-retirement benefit plans	—			275
Deferred taxes on net unrealized losses on available for sale investment securities	—			507
Total income tax (benefit) / expense related to Tax Reform	$	(1,895	)	$	15,193